ADM set to take full control of Toepfer — April 15, 2014

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U.S. agrifood giant Archer Daniels Midland plans to buy the stake it doesn’t yet own in international grain trading house Toepfer International, and to forge ahead with the sale of its chocolate business, in its latest round of “portfolio management.” ADM, which has owned 80 per cent of Toepfer since 2002, said Tuesday it proposes […]


PEDv seen pushing U.S. 2014 pork production down two per cent — April 15, 2014

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Reuters — U.S. pork production is likely to decline about two per cent this year due to the spread of porcine epidemic diarrhea (PED), the U.S. Department of Agriculture said in its monthly livestock outlook report. Live hog prices were expected to increase as a result of the pig virus, the report said. As of […]


Sunflowers seen enjoying another strong season — April 15, 2014

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CNS Canada – Stable prices, generally good growing conditions and a mediocre harvest in Argentina have industry officials smiling at the prospects for this season’s Prairie sunflower crop. In late March, reports surfaced that some parts of Argentina were slightly damaged from dry weather late last year. The country is traditionally one of the world’s […]


Cargill expects flour merger with ConAgra finalized in six to eight weeks — April 15, 2014

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Winnipeg | Reuters – U.S. agribusiness Cargill expects the merger of its flour mill operations with those of ConAgra Foods to be finalized in six to eight weeks after it clears a longstanding regulatory hurdle, Cargill executive chairman Greg Page said Tuesday. The combined entity, to be called Ardent Mills, would join ConAgra’s milling operations […]


U.S. livestock: Cash price uncertainty weakens CME live cattle — April 15, 2014

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Chicago | Reuters – Chicago Mercantile Exchange live cattle turned lower, pressured by profit-taking and uncertainty regarding this week’s slaughter-ready or cash prices, traders said. Bullish participants see packers paying steady to higher money for cattle to be delivered during the first full slaughter week after the Easter holiday. They also cited possible beef cutout […]


U.S. grains: Soybeans, wheat rally; corn close to unchanged — April 15, 2014

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Chicago | Reuters – U.S. soybean futures rose 1.7 per cent on Tuesday on signs that domestic processors kept their plants running at high levels even as supplies dwindled, traders said. Wheat futures gained 3.4 per cent, surging through the US$7-a-bushel level, on fears that escalating political tensions in Ukraine would disrupt shipments of the […]


Lower input costs seen encouraging more canaryseed acres — April 14, 2014

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CNS Canada – Canaryseed’s reduced dependence on pricey fertilizer — and reduced exposure to the transportation issues facing other crops — could lead to increased acres this spring on the Prairies. Farmers may be more enticed to plant canaryseed this year when they look at the transportation problems affecting durum and wheat, said Kevin Hursh, […]


CWRS wheat cash bids edge down, basis steady — April 14, 2014

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CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat held relatively steady during the week ended Monday, posting small losses in many locations in sympathy with the Minneapolis futures. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $197 per tonne, or $5.35 […]


Weather, Ukraine boost U.S. wheat futures — April 14, 2014

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CNS Canada – U.S. wheat futures rose sharply on Monday and could continue to increase due to cold weather in the southern Plains and the political unrest in Ukraine. “We had this (cold) in the weather forecast,” said Austin Damiani, a U.S. wheat analyst from Frontier Futures in Minneapolis. “The forecasts are calling for even […]


U.S. grains: Wheat jumps on U.S. Plains frost, Ukraine tension — April 14, 2014

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Chicago | Reuters – U.S. wheat futures surged nearly three per cent on Monday as traders responded to fresh tensions in the Black Sea region, coupled with the threat of freeze damage to crops in the U.S. Plains. Corn and soybeans followed wheat higher, with corn buoyed by strong weekly export inspections data. At the […]