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Containerized crops may get stuck in Montreal port’s strike

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tagged bulk CanEst container CUPE Local 375 longshoremen Montreal port strike Viterra
Bulk grain traffic through the Port of Montreal isn't expected to be affected by a longshoremen's strike that began Monday morning, but eastbound containerized crops may be among the traffic put on hold. CUPE's Syndicat des debardeurs Local 375, which represents about 1,150 longshoremen and longshorewomen at the port, served notice Friday that it would launch an "indefinite" strike Monday morning. The indefinite strike followed a series of four brief strikes last month, the most recent of…
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Klassen: Weaker feed grains drive feeder market higher

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tagged alberta calves Cattle cattle futures cattle markets fed cattle feed barley feeder cattle heifers Jerry Klassen pastures saskatchewan steers yearlings
Compared to last week, western Canadian yearlings traded $2-$4 higher. This was the first week of the fall yearling run with larger groups of quality packages and there was no shortage of buying enthusiasm. Heavier yearlings were readily trading at 52-week highs. Feed barley prices collapsed in southern Alberta as the harvest started in the southern Prairie regions. At the same time, February and April live cattle futures traded up to four-month highs early in the week. Both of these factors…
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Nutrien cuts profit forecast on weak ammonia prices

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tagged ammonia ammonium nitrate Fertilizer Nutrien potash profit sales urea
Reuters -- Canadian fertilizer maker Nutrien on Monday cut its annual adjusted profit forecast as weaker-than-normal industrial demand held back prices for ammonia and urea ammonium nitrate. The company cut the top end of its 2020 adjusted earnings per share forecast to $1.90 from $2.10 earlier, while retaining the lower end at $1.50. Even as industrial utilization picked up in Asia, weak demand in the Western Hemisphere hurt ammonia prices, Nutrien said. The company said…
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Unasked-for seed packets considered ‘low-risk’

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tagged APHIS brushing scam CFIA low risk packages seeds unsolicited USDA
Federal inspectors say the unsolicited packages of seeds that have recently turned up in mailboxes across the country so far look to be "low-risk" -- but still advise the public not to plant them. The Canadian Food Inspection Agency (CFIA) and U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) have both reported hundreds of cases in recent weeks of…
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U.S. livestock: Live cattle up on cash market strength

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tagged beef Cattle closing markets CME feeder cattle futures hogs lean hog live cattle market weights slaughter
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures gained on Monday, as the cash market strengthened and packers looked to pickup slaughter rates, brokers said. Feeder cattle also gained, while lean hog futures added as producers looked to offload market-weight animals early to reduce feed costs. CME October live cattle added 0.7 cent to end at 107.95 cents/lb. (all figures US$). CME October lean hog futures settled 2.85 cents higher at 53.825 cents/lb.,…
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Yield, production increases expected from USDA

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tagged 2020 acres August bushels per acre carryover Corn crop production Midwest Soybeans USDA Wheat yields
MarketsFarm -- Market expectations ahead of a crop production report due out Wednesday from the U.S. Department of Agriculture are for increases in U.S. soybean and corn yields. "I get the sense the trade is looking for the USDA to up corn yields by 1.9 bushels per acre, to 180.4 bu./ac., while soy yields are to go up 1.5 bu./ac., to 51.3 bu/ac," MarketsFarm Pro analyst Mike Jubinville said. Reports put the highest yield forecast for soybeans at 54 bu./ac. and 184 for…
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U.S. grains: Soybeans up with exports, corn up slightly on dry weather

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tagged Australia Canada cbot closing markets Corn drought futures Russia soybean USDA Wheat
Chicago | Reuters -- Chicago soybean futures rose on Monday as a spate of new-crop soybean export sales eased concerns about forecasts of huge harvests across the U.S. Midwest. Corn futures were buoyed by dryness in top corn-producing states, as weekend rainfall missed drought-stricken parts of western Iowa. Meanwhile, wheat futures slipped on estimates for large Canadian and Russian crops, as well as improving conditions in Australia -- a potential grain glut that cast a pall…
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Canadian canola prices spike as shippers find back door to China

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tagged Canada Canola canola oil China Europe exports futures Huawei imports prices rapeseed oil UAE
Winnipeg/Beijing | Reuters -- Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police detained a Huawei…
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Missing Beirut silo worker’s family clings to hope

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tagged ammonium nitrate Beirut explosion grain rescue silo storage
Beirut | Reuters -- Before he went missing on Aug. 4, Ghassan Hasrouty, an employee of Beirut's giant grain silos for 38 years, thought he was working in the safest place in the city. The reinforced concrete walls and underground rooms were his shelter for many days during Lebanon's 1975-1990 civil war. He used to tell his family that he was more worried for them than himself when he set out to work each morning. At 5:30 p.m. that Tuesday, Hasrouty called his wife, Ibtissam,…
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