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Viterra to replace western Saskatchewan elevator

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tagged Biggar capacity cn cp elevator loop track Viterra
Grain firm Viterra's asset investment plan has moved onto Biggar things. Regina-based Viterra announced Monday it's starting construction "immediately" on a new "state of the art" elevator about two km northeast of its current elevator at Biggar, Sask., about 90 km west of Saskatoon. The new concrete facility will have storage capacity of 34,000 tonnes and a loop track for rail loading, the company said. The company's current Biggar elevator, a former United Grain Growers facility on…
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U.S. livestock: Hog futures mixed, cattle drop

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tagged beef Cattle China closing markets CME feeder cattle futures hogs lean hog live cattle Pork Swine swine fever
Chicago | Reuters -- U.S. hog futures were mixed on Monday, with the nearby contract rising on strong export demand while deferreds eased on signs that China was making progress in rebuilding its decimated hog herd, traders said. Strength in the cash market supported the front-month December contract, which rose 2.3 per cent and hit its highest since Sept. 13, 2019. But all deferred contracts closed in negative territory on expectations that Chinese demand will begin to wane in…
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Trump’s payments to farmers hit all-time high ahead of election

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tagged bailout Biden crop insurance election ethanol farmers subsidies supports swing states Trump
Chicago | Reuters -- U.S. President Donald Trump is assuring a bumper year for farmers as the Nov. 3 election approaches, with record government subsidies projected to make up more than a third of farm income in 2020. The aid programs could be key to Trump's chances of success in swing states such as Wisconsin, Ohio, Iowa and Minnesota. Such states are hotly contested because their population can swing either to Republicans or Democrats and play a decisive role in presidential…
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Alberta gives oil and gas drillers municipal tax break

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tagged alberta COVID-19 energy municipalities oil and gas oil rigs pandemic property taxes
Reuters -- Struggling oil and gas companies in Alberta will get a three-year break on municipal property taxes for land where they are drilling wells or building pipelines, the provincial government said on Monday. The Alberta government said it would also lower property tax assessments on less-productive wells and eliminate a provincial tax on drills. The measures combined are worth between $81 million and $84 million in the first year, government spokesman Justin Marshall…
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U.S. grains: Dry soils push Chicago wheat higher

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tagged Brazil cbot closing markets Corn drought futures Mexico soybean Wheat
Chicago | Reuters -- Chicago Board of Trade soft red winter wheat futures firmed on Monday, hitting almost six-year highs, on concerns about dry conditions across key global growing areas, traders said. But gains were limited as investors stood by after prices have rallied 8.6 per cent so far this month. "The market is just kind of collecting its breath in this area and seeing what the next move will be," said Dan Basse, president of AgResource Co in Chicago. Corn and soybean…
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U.S. livestock: Lean hog futures retreat from 11-month high

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tagged beef Cattle China closing markets CME COVID-19 exports feeder cattle futures hogs lean hog live cattle Pork Swine
Chicago | Reuters -- U.S. lean hog futures ended lower on Friday on profit-taking and disappointment over export demand, after prices climbed to the highest level in 11 months. Strong domestic demand for pork continues to underpin hog futures, analysts said, with the most-active December contract surging 39 per cent on the Chicago Mercantile Exchange since August. CME December lean hogs finished 0.075 cent lower at 69.8 cents/lb., after touching its highest since Nov. 29, 2019…
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Grain, oilseed exports running ahead of average

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tagged Barley Canada Canola CGC exports grains Oilseeds tonnes Wheat
MarketsFarm -- Canadian grain and oilseed exports have left the country at a rapid pace during the first 10 weeks of the 2020-21 crop year, with canola, wheat,and barley movement-to-date all up substantially on the year. Total exports of Canada's major grains and oilseeds as of Sunday came in at 9.57 million tonnes, according to Canadian Grain Commission (CGC) data. That's up roughly two million tonnes from the same time the previous year, and compares with the five-year average of…
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Prairie cash wheat: Prices up on sharp rises in U.S. wheat

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tagged alberta Canadian dollar cash wheat cbot CPSR CWRS durum K.C. wheat manitoba MGEX prices saskatchewan U.S. futures Wheat wheat bids
MarketsFarm -- Wheat bids in Western Canada were higher for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheats for the week ended Thursday. Support came from double-digit increases in Chicago, Minneapolis and Kansas City wheat futures. Meanwhile, the Canadian dollar was relatively steady. Average CWRS (13.5 per cent protein) wheat prices were up $3-$8 per tonne, according to price quotes from a cross-section of delivery…
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South African white farmers, Black protesters face off over farm murder

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tagged apartheid Black protestors EFF murders South Africa white farmers
Senekal | Reuters -- White South African farmers and Black protesters hurled abuse and threats at each other on Friday during a court hearing in a murder case that has exposed still simmering racial tensions 26 years after the end of apartheid. The killing of Brendan Horner, a white man whose body was found tied to a pole at his farm in Free State province, sparked riots at the start of this month, and prompted President Cyril Ramaphosa to appeal to South Africans to "resist…
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U.S. grains: CBOT wheat hits 2014 high on global crop concerns

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tagged argentina Black Sea Brazil cbot China closing markets Corn drought futures Mexico soybean supplies USDA Wheat
Chicago | Reuters -- U.S. wheat futures surged to their highest prices in nearly six years on Friday as dry weather in key growing regions around the world fueled supply concerns. Corn futures ended lower, after touching a 14-month high on prospects for hefty sales to China, and soybeans also slumped. Traders are keeping a close eye on wheat fields as dryness threatens production in Argentina, the U.S. Plains and the Black Sea region. Buying by commodity funds helped support…
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