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Sask. crops get soaked, but may take yield hit

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tagged crops rain saskatchewan
(Reuters) - Two days of rainstorms in Saskatchewan, Canada's biggest wheat- and canola-growing province, may have done more harm to crops than good, even though farms were parched, a Saskatchewan government official said on Wednesday. Much of the province received rain on Monday and Tuesday, with the capital, Regina, collecting about 90 millimetres (3.5 inches), according to data from the federal environment department. High winds and excessive rain amounts "lodged" some wheat crops and…
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U.S. livestock: CME live cattle futures weak ahead of cash prices

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tagged cash cattle cattle futures closing markets CME hog futures
Chicago/Reuters – Chicago Mercantile Exchange live cattle closed down slightly on Wednesday as investors await this week's cash sales, traders said. August closed down 0.125 cent per lb at 144.925 cents, and October 0.325 cent lower at 146.475 cents. Bids for market-ready, or cash, cattle in Kansas and Texas were at $143 per cwt versus $148 asking prices, feedlot sources said. Nebraska bids stood at $144 to $145 with no response from sellers, they said. Last week, cash…
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U.S. grains: Soybeans rise for second day, corn and wheat resume slides

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tagged cbot closing markets corn futures soybean futures U.S. dollar wheat futures
Winnipeg /Reuters – U.S. soybeans rose for a second straight day on Wednesday, recovering some recent losses ahead of a critical development period for the oilseed, while corn and wheat resumed their slides on a favorable U.S. harvest outlook. With soybean yields largely determined in August and questions about the size of planted area, there is still uncertainty about the crop, said Terry Linn, analyst at The Linn Group in Chicago. "Conditions are on the upswing right now, but…
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TPP — NZ wants dairy concessions from the U.S.

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tagged dairy TPP
Lahaina, Hawaii, July 28 (Reuters) - The United States, Canada and Japan have to make concessions on dairy trade before a wider Pacific trade deal can be wrapped up, New Zealand's agricultural trade envoy said on Tuesday. Mike Petersen, a farmer who represents the interests of New Zealand agriculture, said the dairy part of the Trans-Pacific Partnership negotiations was at an impasse. During four days of meetings in Hawaii this week, TPP ministers hope to wrap up the 12-nation deal, which…
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U.S. grains: Soybeans, wheat, corn bounce after steep losses

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tagged cbot closing markets corn futures soybean futures U.S. dollar wheat futures

Winnipeg/Reuters – Chicago soybean, wheat and corn futures bounced on Tuesday, rising on bargain-buying and short-covering after setting recent lows.

Nearby soybeans fell for three straight sessions through Monday, shedding nearly 6 percent as weather improved for crop development across the U.S. Midwest. "We've just plain hit (soybeans) hard for the last week or so and we're just seeing a little buying coming back in," said Karl Setzer, market analyst at…
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Above-average wheat yields in southern North Dakota

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tagged North Dakota wheat yields
Hebron, ND (Reuters) — Spring wheat prospects are above average in southern North Dakota, scouts on an annual crop tour said on Tuesday. Crop scouts on the Wheat Quality Council's tour travelling one route in south-central and southwestern North Dakota made four stops and projected an average yield of 45.6 bushels per acre (bpa), above the tour's year-ago average for the same route near 39 bpa. "It's a good, solid crop, probably with a bit more lodging than normal," said Jim Peterson,…
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U.S. livestock: Beef price turnaround rallies CME live cattle futures

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tagged cash cattle cattle futures closing markets CME hog futures
Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts finished in positive territory on Tuesday for the first time in five sessions, fuelled by active short-covering following the recent wholesale beef price rise, traders and analysts said. August closed 2.025 cents per lb higher at 145.050 cents, and October 2.825 cents at 146.800 cents. The morning's wholesale choice beef price, or cutout, was at $233.20 per cwt, 93 cents higher than on Monday. Select cuts were…
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Three-hour tornado & Regina’s wettest day ever

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tagged rain tornado weather
Reuters — A tornado spun for several hours through southwestern Manitoba late Monday in a fierce Canadian Prairie storm that caused flash flooding and shredded part of a highway. No injuries or major damage was reported, according to a statement by Environment Canada, federal weather forecaster. "What was just shocking was the duration on the ground, for 2-1/2 to three hours," said David Phillips, senior climatologist at Environment Canada. Photos on social media showed torn-up…
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U.S. livestock: CME live cattle finish flat-lower after choppy session

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tagged cash cattle cattle futures closing markets CME hog futures
Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts settled flat to moderately lower following an up-and-down day on Monday, after traders sold deferred contracts and bought August because of its discount to last week's cash prices, traders and analysts said. Short-covering and the morning's wholesale beef price uptick at times helped underpin the nearby trading months, they said. Uneasiness about this week's cash prices and last Friday's slightly bearish…
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Syngenta says Monsanto’s $2 bln break-up fee comes with caveat

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tagged merger monsanto syngenta
Frankfurt/Reuters – Syngenta has said a $2 billion break-up fee that unwanted U.S. suitor Monsanto has pledged to pay if its proposed $45 billion merger failed would only apply in limited cases, leaving its shareholders exposed to the bulk of regulatory risks. Swiss Syngenta, the world's largest maker of farming pesticides, told Reuters that based on its legal interpretation of Monsanto's proposal, the payment would only be triggered if so-called horizontal antitrust concerns were…
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