» Daily news page 2

CBOT weekly outlook: Corn, soy to fall on weather, post-report

No Comments

tagged acreage cbot corn futures grain stocks soybean futures USDA
CNS Canada -- Corn and soybean futures at the Chicago Board of Trade are moving into position ahead of two key reports, but following that data, the market will shift back into weather trading, one U.S. analyst says. Corn -- Corn futures moved lower on the week ended Wednesday, as traders exited long positions with favourable weather, ahead of U.S. Department of Agriculture (USDA) acreage and grain stocks reports, due out Thursday. The market is likely…
[Read more]

ICE weekly outlook: Canola clawing back from sharp losses

No Comments

tagged canola futures canola markets canola prices ICE Futures Canada speculators
CNS Canada -- ICE Futures Canada canola contracts were slowly clawing their way back after dropping to their weakest levels in three months over the past week. The market likely has more room to the upside, although weather conditions will be a major factor driving prices through the summer months. "Canola was ridiculously cheap relative to soybeans," said Ken Ball of PI Financial in Winnipeg. He estimated canola had lost about $45 per tonne relative to soybeans, leaving room for…
[Read more]

U.S. livestock: Cash optimism lifts live cattle third straight day

No Comments

tagged cattle futures closing markets CME feeder cattle hog futures July 4 lean hogs live cattle USDA
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures rose for a third day in a row on Wednesday, with help from expectations of steady or better cash prices by week's end, traders said. June live cattle, which expires on Thursday, closed 1.825 cents/lb. higher at 118.9 cents. Most actively traded August ended up 1.4 cents, to 114.125 cents. Healthy packer margins, futures' recent uptrend and significantly less market-ready, or cash, cattle for sale than last week…
[Read more]

U.S. grains: Wheat, corn fall sharply

No Comments

tagged cbot closing markets corn futures soybean futures USDA wheat futures
Chicago | Reuters -- U.S. wheat futures fell on Wednesday, extending their decline under pressure from the ongoing harvest of a bountiful crop in the Plains and the Midwest which threatens to add to a glut of supplies that is largely being shunned by overseas buyers. Corn futures also dropped, pressured by forecasts for rain in key U.S. growing areas, and soybeans fell as traders staked out positions ahead of a key U.S. Agriculture Department report on Thursday. The most actively…
[Read more]

CP offers assurances for 2016-17 grain handle

No Comments

tagged bulk commodities canadian pacific commodity volumes cp grain transportation grain volumes Marc Garneau potash
Canadian Pacific Railway (CP) says it's ready and willing to move a bumper Prairie crop in 2016-17. "Operationally, CP is eager and prepared to move grain this coming crop year," company CEO Hunter Harrison said in a letter to federal Transport Minister Marc Garneau. The letter, dated Tuesday, was also circulated to Prairie transportation and agriculture ministers and received by the Manitoba Co-operator. "As we continue to execute our Scheduled Precision Railroad model, our…
[Read more]

CP lays off 500 workers, cites softening demand

1 Comment

tagged Canadian Pacific Railway cp grain movement layoffs rail maintenance rail safety Teamsters Canada Rail Conference
CNS Canada -- Select maintenance workers at Canadian Pacific Railway will be laid off effective Thursday as the railway's revenue is expected to plummet in the second quarter. Lower volumes are one reason given for declining profits, though grain movement this crop year is ahead of average. Earlier this month, 500 CP maintenance workers were informed they'd be laid off effective June 30. The layoffs, which officials from the railway say are temporary, have led to concerns…
[Read more]

Egypt’s parliament to look into wheat fraud allegations

No Comments

tagged Egypt procurement wheat wheat silos
Cairo | Reuters -- Egypt's parliament has set up a fact-finding commission that will look into allegations of corruption in local wheat procurement. Egypt, the world's largest wheat importer, this month announced a government-led inspection of wheat silos after an unusually high procurement figure prompted allegations of possible fraud from top industry officials, traders and members of parliament. Parliament Speaker Ali Abdelaal said MPs would question the prime minister,…
[Read more]

Monsanto in talks with Bayer, others about ‘strategic options’

No Comments

tagged Bayer Dow DuPont glyphosate monsanto Roundup syngenta takeover
Chicago | Reuters -- Monsanto is in talks with Bayer and other companies regarding "alternative strategic options," a month after it rejected the German company's US$62 billion takeover offer, the U.S. seed producer said on Wednesday. Monsanto's options include combinations with other companies and businesses in the sector beyond Bayer. Potential deals could involve BASF and any businesses divested from the…
[Read more]

Canada’s canola, pulse acres rise at grains’ expense

No Comments

tagged canola acres lentil acres pulse acres statistics canada statscan wheat acres
CNS Canada -- Canadian farmers adjusted their acreage ideas to seed more canola and pulses at the expense of grains, according to the updated Statistics Canada field crop area report released June 29. The adjustments were largely in line with trade guesses -- and attention in the markets is quickly turning back to weather conditions. "The report confirmed expectations, so now it's on to the crop and how it's progressing," said Bruce Burnett of G3 Canada. The general trend of…
[Read more]

Chickpeas see good start to a long season

No Comments

tagged chickpea prices chickpeas Desi frost-free days kabuki pulse crops
CNS Canada -- Canadian chickpeas have a long season to go, but so far the crops look like they're in it for the long haul. "We have a fair amount of chickpeas in and they look phenomenal, they're in full flower and looking as healthy and as good as a chickpea crop can at this stage," said Colin Young of Midwest Investments at Moose Jaw, Sask. Unlike lentils, which due to an early start are looking at an early harvest, chickpeas have a much longer life span, Young said. "As…
[Read more]
« Older articles Newer articles »
COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2016 AGCanada is a production of FBC Limited Partnership a division of Glacier Media Inc.
Please refer to Copyright Page for details.
Click here to view our Website Terms of Use.