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A composite satellite view of Hurricane Fiona nearing Nova Scotia at about 6 p.m. local time on Sept. 23, 2022. (U.S. National Hurricane Center image, NOAA.gov)
General, Reuters, Weather

Fiona pounds Bermuda as Canada braces for major jolt

Up to eight inches of rain expected along path

By
Hamilton, Bermuda/Halifax, N.S. | Reuters — Hurricane Fiona pounded the Atlantic island of Bermuda with heavy rain and winds on Friday as it tracked northward toward Eastern Canada, where it threatens to become one of the most severe storms in Canadian history. Fiona had already battered a series of Caribbean islands earlier in the week, […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with Bollinger bands (20,2), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S, grains: Wheat climbs as Ukraine war escalation feared

Corn, soybean futures retreat

By ,
Chicago | Reuters — U.S. wheat futures hit their highest in more than two months on Wednesday on fears of an escalation in the Ukraine war that has disrupted crucial Black Sea grain exports, but pared gains as worries about the health of the global economy pressured the wider commodities sector. Corn and soybean futures […] Read more
ICE November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Seasonal upturn possible for canola

'Good underlying support' seen in futures

By ,
MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to […] Read more
A man stands inside his destroyed house in the rural zone of Cuey, in the aftermath of Hurricane Fiona, in El Seibo in the Dominican Republic on Sept. 20, 2022. (Photo: Reuters/Ricardo Rojas)
General, Reuters, Weather

Atlantic Canada on Hurricane Fiona’s path, broad impact expected

Parts of Nova Scotia more vulnerable to flooding

By
Reuters — Hurricane Fiona is headed toward Eastern Canada and is expected to reach its Atlantic region by Friday in what could be a severe weather event as the storm continues to gain strength, Canadian meteorologists said Wednesday. Fiona powered up to a Category 4 storm on Wednesday, packing winds as high as 215 km/h, […] Read more
Internally displaced Ethiopians queue to receive food aid in the Higlo camp for people displaced by drought, at the town of Gode in Ethiopia’s Somali region on April 26, 2022. (Photo: Reuters/Tiksa Negeri)
Crops, Reuters, Weather

Nearly a million people face starvation in hunger hotspots, U.N. agencies report

By
London | Reuters — Nearly one million people in Afghanistan, Ethiopia, South Sudan, Somalia and Yemen are starving or will face starvation this year in the absence of aid, as the global food crisis worsens, United Nations agencies warned on Wednesday. Local conflict and weather extremes remain the primary drivers of acute hunger, aggravated this […] Read more
(Sollio Agriculture photo)
Crops

Sollio to exit southwestern Ontario grain handling

Country elevator assets to be sold after harvest, co-op to focus on ag retail

By ,
One of Canada’s biggest ag co-operatives is moving ahead on plans to “optimize assets” by shedding its stake in grain handling in southwestern Ontario and focusing more closely on retail ag inputs. Sollio Agriculture, the agribusiness arm of Quebec-based Sollio Cooperative Group, on Tuesday announced it will start “an orderly wind-down” of its Ontario Grain […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat up on new concerns for Black Sea supplies

Corn, soybeans up on slow harvest

By ,
Chicago | Reuters — Chicago wheat futures climbed on Tuesday after a day-earlier slide, underpinned by renewed fears about Black Sea supplies, traders said. Soybeans and corn also firmed, supported by slower-than-expected progress in the U.S. harvest. The most-traded wheat contract on the Chicago Board of Trade (CBOT) gained 63-1/4 cents to $8.93-3/4 a bushel, […] Read more
(BungeMOE.com)
Crops, Reuters

Bunge to sell oilseed processing business in Russia

Grain firms scaling back Russian business

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Reuters — Agricultural commodities trader Bunge said Monday it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes the sunflower processing plant in Voronezh. Bunge and its rivals ADM, Cargill and Louis Dreyfus — part of the so-called ABCD quartet of global […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat falls on Russian production outlook

Exports underpin U.S. soybeans

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Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most […] Read more

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