Canadian wheat bids mixed despite continued U.S. losses — July 22, 2014

Posted

Average bids for Canadian Western Red Spring (CWRS) wheat weakened slightly during week ended July 21 at a cross section of delivery points across Western Canada. However, Canadian bids lagged the U.S. futures to the downside and basis improvements were seen at many locations. On July 21, average spot bids for 13.5% CWRS across Manitoba, […]


French wheat premiums soar as market fears more rain damage — July 21, 2014

Posted

Paris/Reuters —  Premiums for higher-quality wheat in France jumped on Monday as heavy weekend rain added to fears that this year’s harvest in the European Union’s top producer and exporter will be spoiled by poor quality. Farmers in eastern France have reported alarming quality indications for wheat, blamed on repeated rainfall in early July in […]


GRAINS: Wheat futures fall a day after Ukraine crash price spike — July 18, 2014

Posted

Reuters — U.S. wheat futures fell 3.4 per cent on Friday, erasing gains posted a day earlier following the downing of a Malaysian commercial airliner over eastern Ukraine, while Chicago Board of Trade corn futures also declined and soybeans were mostly lower. Investors were worried an escalation of the conflict between Ukraine and Russia, both […]


LIVESTOCK: CME live cattle climb following beef price rebound — July 17, 2014

Posted

Chicago/Reuters – Chicago Mercantile Exchange live cattle closed higher on Thursday, driven by short-covering after wholesale beef prices ended their recent downtrend, traders said. Thursday morning’s wholesale price for choice beef rose 85 cents per hundredweight (cwt) from Wednesday to $251.67. Select beef jumped $1.90 to $244.76, according to the U.S. Department of Agriculture. “You are […]


GRAINS: Wheat up on fears political fallout could crimp Black Sea exports — July 17, 2014

Posted

Reuters – U.S. wheat futures surged 2 per cent on Thursday, rallying from a recent four-year low on fears of escalating geopolitical tension in the Black Sea region after a Malaysian airliner crashed in eastern Ukraine, traders said. A Ukrainian interior ministry official said the plane was shot down by pro-Russian militants. Corn futures were […]


Low ocean freight rates aid North American grain exports — July 17, 2014

Posted

CNS — The Baltic Dry Index, which tracks global ocean shipping rates, is currently trading at its weakest levels of the past year. The declining cost of ocean freight makes North American grain and oilseed exports more competitive into international markets. The Baltic Dry Index (BDI) was quoted at 755 points on July 16, which […]


GRAINS: Corn, soybeans bounce a day after touching multiyear lows — July 16, 2014

Posted

Reuters — U.S. corn and soybean futures rose on Wednesday in a light bounce after setting multiyear lows a day earlier, but farmer selling and expectations of near-record U.S. harvests limited gains. Wheat firmed in a light short-covering bounce after setting four-year lows in the last week. At the Chicago Board of Trade, September corn […]


ICE Canada weekly outlook: canola ‘edgy,’ watching weather — July 16, 2014

Posted

ICE Futures Canada canola contracts dropped to their lowest levels in five months at one point during the week ended July 16, but managed to post small gains overall as traders continue to try and get a handle on the extent of the crop losses in Western Canada. CNS — Declines in CBOT soybeans accounted […]


U.S. officials call foul over Canada’s ‘pizza kit’ clampdown — July 16, 2014

Posted

Ottawa’s move to plug a regulatory hole that eased pizzerias’ access to U.S. mozza seems to have halted traffic in “pizza kits” — but U.S. officials see that move as potentially trade-unfriendly. Officials also estimate the move will effectively shut Canada’s ports to thousands of tons of U.S. pizza toppings valued at up to US$30 million […]


Edible beans fight for yields in watery Manitoba — July 15, 2014

Posted

CNS — Flooding in Manitoba is causing headaches for growers of edible beans but at least two industry experts think they’ll come out of the situation OK. Jason Voth farms southeast of Altona and also sits as chairman of the Manitoba Pulse Growers Association’s Edible Bean Committee. He says in his local area of Altona […]