Insights and Stories on Markets

May. 14, 2014 at 5:21 pm CDT

CNS Canada –– Canola contracts on the ICE Futures Canada trading platform moved higher during the week ended Wednesday, with old-crop values seeing the sharpest gains. A combination of speculative and commercial buying interest, as old-crop canola remains cheap compared to other oilseeds, helped nearby futures move higher than new-crop […]

By Terryn Shiells

May. 14, 2014 at 4:40 pm CDT

Washington | Reuters — U.S. senators backing the federal biofuel mandate said Wednesday they believe the Obama administration will likely raise proposed targets for 2014 biofuel use when it issues its final rule next month, after protests from renewable fuel producers that planned cuts would devastate the industry. Representing states […]

By ayesha-rascoe

May. 14, 2014 at 4:27 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange hog futures closed higher Wednesday in anticipation of tighter supplies linked to the porcine epidemic diarrhea virus (PEDv), traders said. May hogs, which expired at noon CT, settled unchanged at 112.4 cents per pound (all figures US$). June ended 0.975 cent higher at […]

By Theopolis Waters

May. 14, 2014 at 4:02 pm CDT

Chicago | Reuters –– U.S. wheat futures fell for the sixth day in a row on Wednesday, extending a losing streak during which the benchmark contract has shed 6.6 per cent of its value because of ample global stocks and waning demand for U.S. supplies. Corn also was weak, pressured […]

By Mark Weinraub

May. 13, 2014 at 6:52 pm CDT

Cairo | Reuters — Egypt, the world’s biggest wheat importer, will pay local wheat farmers 500 Egyptian pounds (US$70.87) per Egyptian ardeb, the equivalent of around 150 kg, according to a statement posted on the finance ministry’s official Facebook page. Last year the government raised the fixed price it pays […]