Kiev | Reuters — U.S. agriculture giant Cargill and Ukraine’s MV Cargo said they would build and operate a grain terminal at Ukraine’s Black Sea port of Yuzhny under a US$100 million joint venture agreement signed Wednesday. The terminal, near Ukraine’s biggest port city of Odessa, will have an annual loading capacity of five million […] Read more
Cargill joint venture to build grain terminal in Ukraine
Court rules medical marijuana users can grow their own
Vancouver | Reuters — A federal court judge in Vancouver on Wednesday ruled that medical marijuana patients have the Constitutional right to grow their own cannabis, striking down a ban introduced by Canada’s previous Conservative government. The court suspended its decision for six months to give Ottawa time to respond. A group of British Columbia […] Read more
Input costs to chip away at farmers’ shrinking income
CNS Canada — An anticipated downturn in farm income and higher input costs mean Canadian producers will be in a tough financial position this year, the head of the National Farmers Union (NFU) predicts. Farmers’ net cash income is expected to move lower in 2016, declining nine per cent to $13.6 billion in 2016, according […] Read more
CBOT weekly outlook: Corn, soy down with optimal weather
CNS Canada — Favourable weather is good news for producers, but bad news for prices, as Chicago Board of Trade corn and soybean futures edge lower with a relative lack of concerns. Corn — Corn futures have been grinding lower over the course of the week as South American harvest is expected to start soon, […] Read more
ICE weekly outlook: ‘Time will tell’ for canola after drop
CNS Canada — Canola contracts on the ICE Futures Canada platform dropped sharply during the week ended Wednesday, falling below major support as some stops were hit on the way down. While damage was done from a chart standpoint, end-user demand remains solid and “time will tell” if the downtrend continues or if canola manages […] Read more
U.S. grains: Wheat lowest since June 2010 on bumper supplies
Chicago | Reuters — U.S. wheat futures sank to 5-1/2-year lows on Wednesday under pressure from large global supplies and sluggish demand, in the markets’ fifth consecutive session of declines. Corn and soybean futures each fell for a second day, pressured by the prospect of bumper crops in South America coming to market. Follow-through selling […] Read more
Michigan Sugar beet co-op scoops up cane refiner
Miami | Reuters — Beet sugar co-operative Michigan Sugar has agreed to buy the assets of AmCane Sugar, one of the cane companies hardest hit by a trade deal with Mexico limiting U.S. imports of the sweetener, according to a company official and statement. The sale comes as AmCane is embroiled in litigation in the Court […] Read more
U.S. livestock: Surging beef prices float CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed higher on Tuesday following a steep rise in wholesale beef values that could help underpin cash prices later this week, traders said. February closed 0.525 cent/lb. higher at 136.95 cents, and April ended at 135.5 cents, up 0.875 cent (all figures US$). The morning’s […] Read more
Pork market looks to improve by spring
CNS Canada — Canadian pork prices are feeling a modest bump upward as healthy U.S. exports clean up some excess North American pork supplies. Canadian slaughter-weight prices hit their lows in November and December — and since then, they have increased about 30 per cent, according to Brad Marceniuk, a livestock economist for Saskatchewan’s agriculture […] Read more
Stacked LL/RR canola off the menu for 2016
The first canola hybrid to stack Genuity Roundup Ready and LibertyLink traits in one seed won’t be on the market for this growing season. Just weeks after its Jan. 22 announcement of a limited launch for InVigor Choice LR250 for the 2016 season, Bayer CropScience Canada now says concerns over seed quality and export market access have […] Read more
Cyber-Savvy Farmer
