Doane sees whopper corn crop — August 1, 2014

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Reuters —  Doane Advisory Services on Friday forecast U.S. 2014 corn production at a record-high 14.443 billion bushels with an average yield of 172.3 bushels per acre, following its annual crop tour. “This is clearly the best corn crop we have seen in our rather long history of crop tours,” the firm said in a […]


GRAINS: U.S. soy drops on rain forecasts; wheat rises on export hopes — August 1, 2014

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Reuters — U.S. soybean futures fell on Friday as forecasts for rain in the U.S. Midwest added to expectations the crop should pass through key stages of development without stress, traders said. “Weather forecasts continue to trend more and more beneficial as we enter the key soy development month,” said Matt Zeller, director of market […]


LIVESTOCK: CME live cattle end lower, but off session bottoms — August 1, 2014

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Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Friday, partly pressured by residual profit-taking and fund liquidation after Thursday’s deep losses, traders said. However, futures closed off morning lows following initial reports of a less-than-expected decline in the price for market-ready, or cash, cattle. “Judging by big futures losses on Thursday and […]


Feds extend railway grain volume rules through harvest — August 1, 2014

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Reuters —  The Canadian government will require the country’s two big railways to ship more than the current minimum of 1 million tonnes of crops a week through the autumn harvest as it tries to prevent a repeat of last season’s backlog. The regulations announced on Friday in the world’s third-biggest wheat exporter require Canadian […]


W. Canada spring wheat, durum yields look second-biggest ever: crop tour — July 31, 2014

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Reuters —  Western Canada spring wheat and durum yields this year look to fall from last year’s high levels, but the still bountiful production should offset some losses from flooded farms, leaders of a crop tour said on Thursday. The inaugural Cereals North America Canadian crop tour pegged spring wheat yield potential in the region […]


Western Canada wheat yields higher than average — July 30, 2014

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Yorkton, Sask.— Spring wheat and durum yields are trending above average in Western Canada, but large pockets had no crop after heavy rain earlier this month, a crop tour observed on Wednesday. Much of the crop that survived is also developing late in western Manitoba and eastern Saskatchewan and will need extra time to ripen […]


GRAINS – U.S. wheat rises on bargain buying bounce; soybeans fall — July 30, 2014

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CHICAGO, July 30 (Reuters) – U.S. wheat futures rose 1.4 per cent on Wednesday, rebounding from contract lows hit on Tuesday on a round of bargain buying and signs of overseas demand, traders said. Corn futures firmed  slightly, with bargain hunting and short covering providing a base of support following a 1.7 per cent decline on Tuesday. Soybeans dropped, led […]


LIVESTOCK – CME hogs futures slump on lower cash, pork prices — July 30, 2014

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CHICAGO, July 30 (Reuters) – Chicago Mercantile Exchange hogs on Wednesday settled lower, pressured by weak prices for slaughter-ready, or cash, hogs and pork at wholesale, traders said. August finished 2.300 cents per lb lower at 119.150 cents, and October was down 2.375 to 103.700. The Wednesday afternoon average price of hogs in Iowa/Minnesota dropped […]


Rains leave swampy, fallow fields in Manitoba, Saskatchewan -scouts — July 29, 2014

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Spring wheat and canola fields in western Manitoba and southeastern Saskatchewan are dotted by cattails and swamps, while others are unplanted or abandoned, evidence of heavy spring rains that reduced Canada’s potential crop output, scouts on a crop tour said on Tuesday. Other spring wheat and canola fields are growing but are less mature than […]


U.S. proposes allowing more pork imports from Mexican states — July 29, 2014

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    The U.S. Department of Agriculture has proposed a change in regulations that would relax restrictions on pork imports from certain areas of Mexico, potentially allowing for increased U.S. imports at a time of a supply shortage. The proposal would permit pork to be imported from certain parts of Mexico defined as having a […]