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Oilseeds

Onions are sold at a market at Dharavi, one of Asia’s largest slums, in Mumbai, India on April 7, 2020. (File photo: Reuters/Francis Mascarenhas)
Crops, Markets, Reuters

High food prices hurting India’s poor

Inflation pain expected to persist for months yet

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New Delhi | Reuters — India’s retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive. The high prices are a particular cause of concern for India’s hundreds […] Read more
CBOT January 2021 soybeans (candlesticks) with 20-day moving average (green line) and ICE January 2021 canola (yellow line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans up again on export demand, supply concerns

Markets recover after setback on Thursday

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Chicago | Reuters — U.S. grain futures rose on Friday as soybeans traded near a 4-1/2-year high reached earlier this week on strong export demand and tightening domestic inventories. The soybean market appeared to be well supported at current prices, after the U.S. Department of Agriculture ignited a rally with a report on Tuesday that […] Read more
CBOT January 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybean futures retreat off 4-1/2 year high

Technical selling adds pressure on corn futures, analyst says

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Chicago | Reuters — Chicago Board of Trade soybean futures pulled back on Thursday, a session after they hit their highest level in about 4-1/2 years, and corn futures retreated from their highest in more than a year. The markets took a breather after rallying on a U.S. Department of Agriculture crop report, issued Tuesday, […] Read more
CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures hit highest in over four years

U.S. soy stocks enter 'danger zone,' Rabobank says

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Chicago | Reuters — U.S. soybean futures on Wednesday hit new four-year highs for the third consecutive day, while corn futures retreated after topping a one-year high on strong export demand and tighter supply estimates. Soybeans extended a rally after the U.S. Department of Agriculture on Tuesday issued a monthly crop report that said corn […] Read more
Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
Crops, Markets, Reuters

Louis Dreyfus to gain first outside investor

Abu Dhabi's ADQ fund to acquire indirect 45 per cent stake

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Paris | Reuters — Louis Dreyfus Co. (LDC) has agreed to sell a 45 per cent stake to Abu Dhabi’s ADQ, the companies said on Wednesday, the first outside investment in the family-owned commodity merchant’s 169-year-old history. The deal comes after a search by chairwoman Margarita Louis-Dreyfus for an investor to relieve debt built up […] Read more
Asian giant hornets have noticeably large orange heads and black eyes; worker hornets are about 3.5 cm in length; queens can be up to four to five cm in length, with a wingspan of four to seven cm. (B.C. Ministry of Agriculture)
Livestock, Weather

Two more ‘murder hornets’ turn up on B.C. mainland

One nest found last month in neighbouring U.S. town

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Beekeepers in British Columbia’s Fraser Valley and Lower Mainland are asked to keep an eye out for so-called “murder hornets” after two were found in the region within a week. A single Asian giant hornet was found Saturday at Aldergrove, near the intersection of Fraser Highway and Highway 13 — about five km from where […] Read more
CBOT January 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybean futures surge again to new four-year high

USDA cuts corn, soybean yield estimates

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Chicago | Reuters — Chicago Board of Trade soybean futures soared to a fresh four-year high on Tuesday and corn topped a one-year high after the U.S. Department of Agriculture said stockpiles this marketing year will fall to their smallest in seven years. The forecasts, issued in a monthly crop report, reflected a decline in […] Read more
Smoke rises from the site of burning railcars at a CP derailment near Guernsey, Sask., on Feb. 6, 2020. (Photo: Reuters/Nayan Sthankiya)
Crops, Weather

New rail speed limits to be based on temperatures

Railways wanting to run under new limits must develop winter operation plans

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Given the odds of weird temperature swings happening somewhere in Canada at any time of year, railways will now instead be required to slow their trains’ speeds based on how cold it is outside at the time, rather than a date range. Federal Transport Minister Marc Garneau on Friday announced a new ministerial order meant […] Read more
CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures touch new four-year top

Pfizer update on COVID vaccine sends shares, oil higher

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Chicago | Reuters — U.S. soybean futures reached a new four-year high on Monday as the first successful data from a late-stage COVID-19 vaccine trial fueled hopes of the economy recovering quickly from the pandemic-driven crisis. Broad optimism about Pfizer’s vaccine trials added support to a soybean market already buoyed by strong Chinese demand and […] Read more
Trent Wotherspoon, shown here speaking in Regina in 2012, is the provincial NDP’s new critic for agriculture and Saskatchewan Crop Insurance. (TrentWotherspoon.com)
General

Saskatchewan gets new ag critic, returning ag minister

David Marit, Trent Wotherspoon to handle farm file

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Saskatchewan’s New Democrats will have a new critic to debate the incumbent minister over the agriculture file. Provincial opposition leader Ryan Meili on Tuesday announced Trent Wotherspoon, the MLA for Regina Rosemont since 2007, as the NDP’s critic for agriculture as well as finance, SaskTel, Saskatchewan Crop Insurance Corp. (SCIC) and the province’s Crown Investments […] Read more

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