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Ag trade flows may change amid trade dispute, Bayer says

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tagged BASF Bayer China corn Corteva monsanto soybeans syngenta tariffs Trump
Monheim | Reuters -- Bayer said on Tuesday it would be difficult to predict 2019 earnings at its agriculture business, which now includes Monsanto, because a U.S.-Chinese trade dispute could reroute global trade flows in farming commodities. The head of Bayer's crop science division told Reuters his company could even benefit if U.S. farmers switched to grow more corn to avoid barriers to the soy trade imposed by China in response to U.S. tariffs on Chinese products. The…
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Pulse weekly outlook: Manitoba bean yields unlikely to top 2017’s

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CNS Canada -- A lack of rain at key times during the summer of 2018 has left Manitoba's edible bean crop unlikely to match last year's yields. Last year's yield was about 2,000 lbs./acre on average, but according to provincial pulse specialist Dennis Lange, that won't be the case this year. "I think for this year we're looking more 1,600- to 1,800-lb. range," he said. A few fields may hit 2,000 lbs., he said, while some would be under 1,500, depending on where the moisture…
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Canada’s ag output seen likely rising under climate change

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tagged agriculture climate change commodity markets FAO greenhouse gases production shortage surplus trade United Nations yields
CNS Canada -- A new United Nations report suggests just how climate change will reshape agriculture by 2050 -- and that Canada's production capacity stands to benefit. International trade will play an ever-larger role in helping to feed people in food-deficient regions, as warmer temperatures and less precipitation will damage yields in many tropical areas, according to the report from the UN's Food and Agriculture Organization…
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U.S. livestock: Hogs jump on gains in cash hogs, pork prices

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tagged cash hogs cattle futures closing markets CME feeder cattle Florence hog futures lean hogs live cattle pork prices slaughter plants
Chicago | Reuters -- Chicago Mercantile Exchange lean hog futures surged over four per cent on Tuesday, rising to the highest levels in three months on support from gains in prices for hogs in cash markets and wholesale pork, traders said. A lower U.S. hog slaughter in recent days due to Hurricane Florence limited pork production, buoying pork prices. Slaughter plants in North Carolina, the No. 2 hog state after Iowa, have been largely shut down since last week as the storm caused…
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U.S. grains: Soy hits 10-year low on huge U.S. crop, trade woes

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tagged cbot China closing markets corn futures harvest soybean futures tariffs Trump wheat futures
Chicago | Reuters -- U.S. soybean futures fell to life-of-contract lows on Tuesday and the most actively traded contract hit its lowest in a decade as an escalating U.S.-China trade war darkened U.S. export prospects, analysts said. Corn futures also hit contract lows as the U.S. harvest expanded, while wheat futures rose on tightening global supplies. Chicago Board of Trade November soybeans settled down 9-1/2 cents at $8.14 a bushel after dipping to $8.12-1/4, a contract low…
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Klassen: Feeder market eyes April live cattle futures

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tagged April contract barley calves cattle futures fed cattle feed wheat feeder cattle feedlots harvest heifers steers yearlings
Compared to last week, western Canadian feeder cattle markets traded steady to $3 higher. Strength in the deferred live cattle futures, particularly the April contract, spilt over into the cash feeder market. Limited supplies of yearlings also contributed to the firmer tone. Feedlots have been patiently securing heavier replacements, but we're now on the home stretch of the yearling run. Calf numbers were up sharply last week. It appears that the cow-calf operator has held on as long as…
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Florence shuts down U.S. slaughterhouses

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tagged cargill Carolina floods Florence hog waste hogs Hurricane manure Perdue poultry Smithfield tobacco
Chicago/Los Angeles | Reuters -- U.S. food companies kept slaughter plants shut on Monday in southeastern states swamped by Hurricane Florence as flash floods collapsed the walls of at least two hog manure pits, made roads undriveable and delayed rail shipments. Catastrophic flooding from Hurricane Florence, which has dumped up to 36 inches of rain on North Carolina since Thursday, has interrupted supply lines around the state and into neighboring South Carolina. Meteorologists warn…
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Today’s precipitation

tagged Canada CoCoRaHS prairies temperature weather WeatherFarm
Data and maps from weather stations across the Prairies are available to Glacier FarmMedia members at the WeatherFarm website, where you can also sign up for a daily forecast email for your area. On the go? Get the [Read more]

Trump to slap more tariffs on Chinese goods

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tagged agriculture chemicals China farmers imports iPhone phones ranchers subsidy supply chains tariffs Trump
Washington | Reuters | Updated Sept. 18, 2018 -- U.S. President Donald Trump said on Monday he will impose 10 per cent U.S. tariffs on about US$200 billion worth of Chinese imports, but he spared smart watches from Apple and Fitbit and other consumer products such as bicycle helmets and baby car seats. Trump, in a statement announcing the new round of tariffs, warned that if China takes retaliatory action against U.S. farmers or industries, "we will immediately pursue phase three,…
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U.S. grains: Corn slips to contract lows

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tagged Australia cbot China closing markets corn futures harvest soybean futures tariffs USDA wheat futures
Chicago | Reuters -- U.S. corn futures fell about one per cent on Monday, with nearby months hitting contract lows as the harvest of a bumper crop picked up speed in the Midwest and early yield reports were strong, traders said. Soybean futures also declined on harvest progress, along with disappointing U.S. soy crush data and ongoing concerns about U.S. trade disputes with top global soy buyer China. Wheat slipped as well. U.S. President Donald Trump said he would announce his…
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