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U.S. grains: Wheat hits one-month top on technical buying

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tagged argentina Australia cbot closing markets corn futures soybean futures USDA wheat futures
Chicago | Reuters -- Chicago wheat futures posted a one-month high Thursday on technically driven trade while U.S. soybean and corn futures eked out modest advances as traders waited for the harvest to expand in the Midwest. Chicago Board of Trade December what settled up 2-3/4 cents at $4.52-1/2 per bushel after reaching $4.54-1/2, its highest since Aug. 16 (all figures US$). CBOT November soybeans ended up 3/4 cent at $9.70-3/4 a bushel and December corn rose 1/4 cent to…
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Manitoba NDP names new ag critic

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tagged agriculture critic James Allum manitoba NDP shadow cabinet Wab Kinew
Manitoba's former education minister has been pressed into service as the new agriculture critic for the provincial legislature's official opposition. Wab Kinew, who was elected Saturday as the leader of the opposition New Democrats, on Thursday named James Allum, the MLA for the Winnipeg riding of Fort Garry-Riverview, as the critic for agriculture. Allum will also continue to handle the critic files for finance and for growth, enterprise and trade in Kinew's shadow cabinet. Kinew on…
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Brazil formally accuses JBS owners of insider trading

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tagged Batista Brazil bribes insider trading JBS plea bargain
Sao Paulo | Reuters -- Brazil's federal police on Thursday formally asked prosecutors to bring charges against brothers Wesley and Joesley Batista, the owners of meatpacker JBS SA, for insider trading. The Batista brothers saved as much as 138 million reais (C$54 million) through allegedly illegal market dealings in May, police said. The insider trading took place before the brothers signed a plea bargain deal with federal prosecutors, police said, in which they admitted to…
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Pearce: New system improves on rinse-and-repeat for sprayers

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tagged Canada's Outdoor Farm Show cleanout continuous rinse Jason Deveau Patriot Rogator sprayer triple-rinse
When Dr. Jason Deveau talks about sprayer cleanouts, he knows it's not a happy subject. During the 2017 edition of Canada's Outdoor Farm Show at Woodstock, Ont., Deveau, the application technology specialist for the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) at Simcoe, spoke to farmers about a new continuous-rinse system. In some European jurisdictions, farmers have lost the freedom to do sprayer cleanouts at their own…
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Some Ontario farms could get minimum wage support, Wynne says

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tagged harvest International Plowing Match Jeff Leal Kathleen Wynne minimum wage ontario Patrick Brown Wilmot Orchards
Ontario Premier Kathleen Wynne opened the door to potential support for some farming businesses during a rapid increase to a $15 minimum wage by 2019. Wynne spoke to reporters on the opening day of the International Plowing Match in Walton Ont., and refused to move on the aggressive timeline for the adoption of a $15 minimum wage. The general minimum wage is currently $11.40 per hour and Wynne has pledged that it will move to $15 by 2019. That has caused concern in the business community…
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U.S. organic grain firm buys Saskatchewan elevators

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tagged Amerra Capital cp Gull Lake Minneapolis organic grain Pipeline Foods Pro-Cert saskatchewan Trans-Canada Highway Wapella Winnipeg
A Minneapolis-based startup focused on non-GMO and organic grains has bought itself elevator space to source those crops out of southern Saskatchewan. Pipeline Foods on Wednesday announced it has bought small elevators at Wapella, about 130 km south of Yorkton, and at Gull Lake, about 50 km southwest of Swift Current, for an undisclosed sum. Both elevators are on Canadian Pacific Railway (CP) track and in communities on the Trans-Canada Highway for "inbound and outbound truck and rail…
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Taking aim at food waste, companies plan simplified expiration labels

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tagged best before CGF Consumer Goods Forum expiration date expiration labels food expiration food waste sell by use by
New York | Thomson Reuters Foundation -- Some of the world's largest consumer goods companies, including Kellogg and Wal-Mart, said on Wednesday they will simplify food expiration labels in an effort to eliminate confusion that contributes to food waste. Standardized labeling will use a single expiration date on perishable items and a single quality indicator for non-perishable items, the Consumer Goods Forum (CGF) announced. Confusion over expiration labels costs families up to…
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CBOT weekly outlook: Corn, soy look for export demand

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tagged cbot corn futures export demand harvest soybean futures
CNS Canada -- The ongoing U.S. harvest is keeping a lid on rallies in both the corn and soybean markets. Corn futures on the Chicago Board of Trade chopped above and below the psychologically-important US$3.50 per bushel mark during the week ended Wednesday. Soybeans felt some pressure from fund selling and generally seemed to be stuck in a range between $9.62 and $9.75 (all figures US$). One bright spot for the soybean market, though, was the unexpected sale of 1.08 million…
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ICE weekly outlook: Canola rangebound, watching harvest

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tagged canola futures canola harvest canola markets canola prices ICE ICE Futures Canada soybean production
CNS Canada -- Canola futures moved steadily higher over the course of the week ended Wednesday, but remain firmly entrenched in a sideways trading range as seasonal harvest pressure continues to limit the upside. "Most of the markets are still just killing time... everybody is just monitoring things to see where they go next," said Ken Ball of PI Financial in Winnipeg. Something will shift eventually, he said, but for the time being the uncertainty of U.S. soybean production was…
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U.S. grains: Soy, corn firm on broad commodity strength, soy sales

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tagged cbot closing markets corn futures soybean export soybean futures USDA wheat futures
Chicago | Reuters -- U.S. soybean futures firmed on Wednesday, supported by strength in commodities and resurgent soy export demand, traders said. Wheat and corn followed the higher trend, with both grains rebounding after a two-session slide as the U.S. corn harvest got under way. Chicago Board of Trade November soybeans settled up 4-1/2 cents at $9.70 per bushel. December corn ended up 1-3/4 cents at $3.50 a bushel and December wheat rose 6-3/4 cents at $4.49-3/4 a bushel (all…
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