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Fababean acreage muted this year

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tagged fababean acres fababean prices fababeans pulses
CNS Canada -- Lower pricing and a softer supply/demand ratio has fababeans trailing some of their more high-profile pulse cousins when it comes to grower intentions across the Canadian Prairies this year. "The marketplace is really being driven by lentils and peas. The indication for many growers is to put their acres into those type of crops; fababeans are taking a bit of a back seat," said Leanne Fischbuch, executive director for Alberta Pulse Growers. The situation is similar…
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Russia seen extending wheat export tax for 2016-17

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tagged export tax Russia wheat export wheat prices
Moscow | Reuters -- Russia is likely to extend its wheat export tax for the 2016-17 marketing year, which starts on July 1, because the levy is at a minimum level under current market conditions, traders and analysts said. The government has also indicated it is unlikely to change the tax ahead of the next season, which should see a large grain crop from Russia for a third straight year amid a global surplus and low wheat prices. Asked on Thursday whether the government would…
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U.S. livestock: Sluggish beef demand sinks CME live cattle

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tagged beef demand cattle futures closing markets CME feeder cattle hog futures lean hogs live cattle
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures settled sharply lower on Thursday, with the June contract down by its three-cent/lb. daily price limit, as sluggish beef demand threatened to pressure cash prices by Friday, traders said. Lightly-traded April live cattle, which has no limit on the final two days before expiration on Friday, closed 3.15 cents/lb. lower at 122.85 cents (all figures US$). June ended limit down at 114.8 cents/lb.; August finished…
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U.S. grains: Corn rallies on export demand

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tagged cbot closing markets corn futures MGEX soybean futures USDA wheat futures
Chicago | Reuters -- U.S. corn futures rose 1.9 per cent on Thursday, with concerns about crops in South America spurring export demand for U.S. supplies, traders said. Soybean futures closed lower despite strong exports, with traders locking in profits after prices rallied to their highest since August. Wheat futures were mixed, with benchmark soft red winter wheat contracts eking out a modest gain while hard red winter wheat and MGEX spring wheat easing on good growing…
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In risks to bees, study finds not all neonics equal

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tagged clothianidin Dundee University neonicotinoids neonics Nipsit Poncho Prosper Titan
London | Reuters -- A group of chemical insecticides known as neonicotinoids that have been banned in Europe due to fears about potential harm to bees have been found in new research to have very differential risks for bumblebees. Scientists who conducted the research said their findings showed that at least one neonicotinoid in the banned group -- clothianidin -- may have been unfairly named as among the offenders. This insecticide did not show the same detrimental effects on…
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Canada may delay foreign worker limits as packers, farms face squeeze

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tagged foreign workers labour shortages temporary foreign worker
Winnipeg | Reuters -- Canada may delay implementing new restrictions on the use of foreign workers as farmers and meat processors warn of severe labour shortages in one of the world's biggest agricultural exporters, the employment minister said. Employers have reported difficulty finding workers despite a 7.1 per cent unemployment rate. Many Canadians resist jobs involving manual labour and rural living, a trend that has driven up labour costs and hurt productivity. Employment…
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Kazakhstan land protests widen in challenge to leader

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tagged farmland joint ventures Kazakhstan land reform Nursultan Nazarbayev
Almaty | Reuters -- Hundreds of people staged street protests in two cities in Kazakhstan on Wednesday over land reform, Kazakh media and local activists reported, a rare act of defiance that could pose a challenge to the leadership of President Nursultan Nazarbayev. The protests, a continuation of demonstrations that began on Sunday, were sparked by fears that land reform could allow foreigners to take over farmland, though some analysts say many Kazakhs turned up to express their…
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Whole Foods wins dismissal of PETA lawsuit over meat claims

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tagged humane PETA rating system Whole Foods
Reuters -- Whole Foods Market won the dismissal of a lawsuit by a well-known animal rights group that accused the grocery chain of deceiving consumers into believing the meat it sells is raised more humanely than normal, resulting in overcharges. People for the Ethical Treatment of Animals (PETA) said the use by Whole Foods of a five-step rating system for beef, chicken, pork and turkey was a "sham," because it was not enforced against suppliers, and the standards were at best…
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ICE weekly outlook: Still room higher for canola

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tagged canola futures canola markets canola prices ICE Futures Canada
CNS Canada -- ICE Futures Canada canola contracts moved higher during the week ended Wednesday, with the biggest gains in the front months. While the market ran into some resistance on Wednesday, there is still more room to the upside from both a chart and fundamental perspective. "We're still in an upward trend; we haven't broken below any major moving averages," said Jerry Klassen, manager of the Canadian office of Swiss-based GAP SA Grains and Products in Winnipeg. In addition…
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CBOT weekly outlook: Corn, soy set for profit-taking pressure

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tagged cbot corn futures soybean futures
CNS Canada -- Soybeans and corn at the Chicago Board of Trade have seen weather-related support from traders in previous sessions, but one U.S. analyst expects prices to move lower with profit-taking. Soybeans -- "We're finally getting some weather stories here," said John Weyer, director of Walsh Trading's commercial hedging division. Heavy rainfall and flooding in South America have caused soybean prices to move higher on the week, but traders are also…
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