Groups expressed disappointment over an amendment to Bill C-234, which will not only remove barn and greenhouse heating from a proposed exemption from the carbon price but will also delay the bill’s progress.
Oilseeds
Senate committee pulls barn, greenhouse heating from carbon exemption bill
Groups expressed disappointment over the amendment, which will also slow the bill’s progress
El Nino worries Brazil soy farmers as planting progresses, grain lobby says
Dry weather has pushed back planting
Sao Paulo | Reuters — Soybean farmers in top growing state Mato Grosso worry that scarce rains and high temperatures will lead to replanting of some areas while lowering yields in others, local grain farmer lobby Aprosoja-MT said Thursday. The unusual heat and dryness has been linked to the El Nino weather pattern, which is […] Read more
U.S. grains: Corn futures rally to August high
Strong demand in U.S. supports CBOT soybeans
Chicago | Reuters — U.S. corn futures rallied above US$5 a bushel to their highest level since August on Thursday, while soybean futures touched a four-week high. The gains came as farmers are in the middle of harvesting their crops, a time when the influx of fresh supplies normally pressures prices. A severe drought that […] Read more
Seaway workers serve strike notice
Waterway would be 'closed to all traffic' in event of strike
Five Unifor locals representing 361 workers with the St. Lawrence Seaway Management Corp. (SLSMC) have served their 72 hours’ notice of a strike that could shut the waterway to grain and all other traffic just after midnight Sunday at the earliest. Unifor members represented by Locals 4211, 4212 and 4323 in Ontario and Locals 4319 […] Read more
ICE weekly outlook: Upside seen for canola prices
'Aggressive manipulation' seen as a factor
MarketsFarm — Early gains were followed by late losses on ICE Futures’ canola market during the week ended Wednesday. The November canola contract began the week at $704.60 per tonne before rising up to $725.80/tonne on Monday, then ending the week at $711.70. The January contract went in similar directions, starting at $710.10/tonne before moving […] Read more
Bulk ocean freight at highest level of past year
Container freight rates seen softening
MarketsFarm — Ocean freight rates have shown some strength over the past two months, with the Baltic Dry Index (BDI) at its highest level of the past year. The BDI, a major indicator of bulk shipping rates, settled at 2,058 points on Tuesday, marking the first close above 2,000 points since July 2022. The BDI […] Read more
U.S. grains: Wheat firms on bargain buying, corn follows suit
Soybeans hit three-week high
Chicago | Reuters — Chicago wheat futures rose for the first time in three sessions on bargain buying on Wednesday, with corn futures following, traders said. Wheat futures also gained a mid-session boost on rekindled market speculation that India, a leading wheat producer, may be tight on supplies. India raised the price at which it […] Read more
U.S. grains: Soybeans hold firm with harvest, domestic demand in focus
Corn eases as harvest watched, wheat retreats from two-week high
Chicago | Reuters — Chicago Board of Trade soybean futures firmed for a second straight session on Tuesday amid thin technical trading, as strong domestic demand eased concerns about supplies growing as the U.S. harvest continued. Corn inched down while traders monitored the U.S. harvest progress, as investors watched Israel’s war with Palestinian militant group […] Read more
U.S. grains: Wheat down off two-week high on global demand
U.S. says soybean harvest is 62 per cent complete
Chicago | Reuters — Chicago Board of Trade wheat futures ended lower on Monday after rising earlier to their highest level in more than two weeks on hopes for global demand. Corn futures also eased as traders monitored the U.S. harvest, while gains in soyoil futures helped lift the soybean market, analysts said. After trading […] Read more
EU countries fail to agree on extending glyphosate approval
Current approval expires Dec. 15
Brussels | Reuters — European Union governments failed on Friday to give a decisive opinion on a proposal to extend by 10 years EU approval for the use of glyphosate, the active ingredient in Bayer’s Roundup herbicide. A “qualified majority” of 15 countries representing at least 65 per cent of the bloc’s population had been […] Read more
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