Oilseeds Archives - Page 294 of 693

Mexico to phase out use of glyphosate

Farmers to have until 2024 to phase out herbicide

By Reuters, GFM Network News August 13, 2020

Mexico City | Reuters — Mexico will gradually phase out use of the herbicide glyphosate by the time the current administration ends in late 2024, President Andres Manuel Lopez Obrador said on Wednesday, following a ministerial spat over the product. Acknowledging differences between his agriculture and environment ministries over the herbicide, which is used in […] Read more

CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Soybeans, corn up after USDA confirms massive U.S. crops

Traders assessing damage from Midwest storm Monday

By GFM Network News August 12, 2020

Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Wednesday as short-covering and position-squaring emerged after the U.S. Department of Agriculture confirmed expectations for massive crops, traders said. USDA, in a monthly report, said U.S. farmers will reap their biggest corn harvest and second-biggest soybean harvest, thanks to favourable weather. […] Read more

Conditions reported to AAFC’s Canadian Drought Monitor as of July 31, 2020. (Agr.gc.ca)

Crops, Weather

Most of Prairies to see little rain

By GFM Network News August 12, 2020

MarketsFarm — Warm and dry weather that has generated little precipitation across the Prairies is expected to continue in most areas, aside from southern Manitoba, according to two meteorologists. “Looks like the overall pattern isn’t going to be changing too much,” Scott Kehler of Weatherlogics said. “What you see is what you’re going to get,” […] Read more

A spray plane flies over a swarm of desert locusts at Lemasulani village in Kenya’s Samburu County on Jan. 17, 2020. (Photo: Reuters/Njeri Mwangi)

Crops, Reuters

Locust swarming pheromone identified in step toward curbing plagues

By Will Dunham, GFM Network News August 12, 2020

Washington | Reuters — Scientists have identified a chemical compound released by locusts that causes them to swarm, opening the door to possible new ways to prevent these insects from devouring crops vital to human sustenance as they have for millennia. Researchers said on Wednesday they identified the pheromone — that is, a chemical produced […] Read more

Crops, Markets

Thunder Bay grain exports continue at strong pace

By MarketsFarm Team, GFM Network News August 12, 2020

MarketsFarm — Grain shipments through the Port of Thunder Bay continue to run at a strong pace, with season-to-date volumes of 4.2 million tonnes up 26 per cent on the year. A total of 961,419 tonnes of grain were shipped through the port, located on the northern shores of Lake Superior, in July, port officials […] Read more

CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Corn futures tread water as Midwest’s farmers assess storm damage

Analysts still expect large U.S. harvest

By Tom Polansek, GFM Network News August 11, 2020

Chicago | Reuters — U.S. corn futures ended flat on Tuesday as traders and analysts predicted that farmers will harvest a large crop despite a damaging storm that tore across the U.S. Midwest on Monday. Soybean futures were steady, while wheat futures rose on technical buying. Farmers are assessing the damage to their corn from […] Read more

Crops, Markets

Containerized crops may get stuck in Montreal port’s strike

Longshoremen on 'indefinite' strike as of Monday morning

By Dave Bedard, GFM Network News August 11, 2020

Bulk grain traffic through the Port of Montreal isn’t expected to be affected by a longshoremen’s strike that began Monday morning, but eastbound containerized crops may be among the traffic put on hold. CUPE’s Syndicat des debardeurs Local 375, which represents about 1,150 longshoremen and longshorewomen at the port, served notice Friday that it would […] Read more

Crops, Markets, Reuters

Nutrien cuts profit forecast on weak ammonia prices

By Reuters, GFM Network News August 11, 2020

Reuters — Canadian fertilizer maker Nutrien on Monday cut its annual adjusted profit forecast as weaker-than-normal industrial demand held back prices for ammonia and urea ammonium nitrate. The company cut the top end of its 2020 adjusted earnings per share forecast to $1.90 from $2.10 earlier, while retaining the lower end at $1.50. Even as […] Read more

CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans up with exports, corn up slightly on dry weather

Big expected Russian, Canadian crops weaken wheat

By GFM Network News August 10, 2020

Chicago | Reuters — Chicago soybean futures rose on Monday as a spate of new-crop soybean export sales eased concerns about forecasts of huge harvests across the U.S. Midwest. Corn futures were buoyed by dryness in top corn-producing states, as weekend rainfall missed drought-stricken parts of western Iowa. Meanwhile, wheat futures slipped on estimates for […] Read more

File photo of a cooking oil bottling line in Spain. (Sabor de España/iStock/Getty Images)

Canola, Crops, Markets, Reuters

Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

By Rod Nickel, GFM Network News August 10, 2020

Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more

GFM Network News

U.S. livestock: Cattle rebound on technical buying

U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes

Good weather pushes Alberta harvest along

Oilseeds