WTO panel rules against U.S. in COOL fight: WSJ — August 23, 2014

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Reuters – A World Trade Organization panel has ruled against the U.S. in a trade dispute over meat labels with Canada and Mexico, according to a Wall Street Journal report. The newspaper, citing anonymous sources familiar with the findings, said on Thursday that the U.S. lost its case before a panel set up to determine […]


GRAINS: Nearby soy rallies on low old-crop supply; MGEX wheat jumps — August 22, 2014

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Reuters — Nearby U.S. soybean futures climbed to a one-week high on Friday as U.S. processors scrambled to find scarce old-crop supplies, with the start of the next harvest still at least a month away in the Midwest. MGEX spring wheat futures touched a two-week high amid concerns about excessive rains hurting crops in key […]


High-priced calves drop U.S. July cattle placements by 7 pct — August 22, 2014

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Reuters — The number of cattle placed in U.S. feedlots in July dropped 7.0 per cent from a year ago as pricey calves deterred some feedlots from purchasing them for fattening, a government report showed on Friday. The U.S. Department of Agriculture report showed July placements at 1.560 million head, down 7.0 per cent from […]


LIVESTOCK: CME live cattle futures climb before USDA report — August 22, 2014

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Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, supported by positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CDT (1900) GMT. Analysts expect the report to show fewer cattle entered feedlots in July as expensive calves discouraged some feedyards from buying them. On Friday, USDA will […]


Belarus cancels import ban on live cattle from EU — August 22, 2014

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Minsk | Reuters — Belarus, aiming to boost food exports to neighbouring Russia, has cancelled a ban on live cattle from the European Union, Yuri Pivovarchuk, the head of veterinary surveillance at the Belarussian agriculture ministry, said. Minsk said the cancellation of the ban was not caused by its plans to increase exports to Russia, […]


Colorado voters to weigh in on GMO food labeling — August 22, 2014

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Reuters — Colorado voters in November will have their say on a proposition that would require labels on foods that contain genetically modified ingredients (GMOs). Proponents of GMO labeling initiatives, who say they have the right to know what is in their food, have been gaining steam in the U.S. Their wins have come despite […]


France forced to import wheat as rain hits crop quality — August 22, 2014

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Paris | Reuters — France’s rain-hit wheat crop has delivered the first shock of the 2014-15 season: the EU’s top grower and exporter is buying Lithuanian and British milling wheat to mix with its unusually poor-grade crop to meet contracts signed before the harvest. French exports exceed those of Britain and Lithuania on the world […]


European quality issues support Prairie durum bids — August 21, 2014

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CNS Canada – Durum bids in Western Canada are showing strength relative to other wheat classes, with premiums for higher-quality supplies expected to remain in place or widen as the industry awaits Canada’s crop. Canada’s 2014-15 durum crop is estimated at 4.9 million tonnes by Statistics Canada, which compares with 6.5 million the previous year. […]


U.S. grains: Markets rebound from losses, contract low in soy — August 21, 2014

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Chicago | Reuters – U.S. grain futures edged higher on Thursday in a rebound from losses the previous session, with solid export sales helping to support the recovery. Soybeans settled mixed, after the new-crop contract matched a contract low set on Wednesday on expectations of bumper U.S. harvests. Expectations for massive U.S. crops continued to […]


U.S. livestock: CME hogs turn higher on short-covering — August 21, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog contracts closed higher on Thursday on short-covering and futures’ discount to CME’s hog index at US109.25 cents. October and December ended 1.125 cents higher at 93.625 and 87.55 cents per pound, respectively (all figures US$). CME hogs had a relative strength index (RSI) of 15. A RSI […]