Chicago | Reuters — Chicago Board of Trade soybeans rose to a six-week high on Tuesday on the potential for increased U.S. demand as world buyers worry about supply disruptions in Brazil because of a trucker strike and rains stalling harvest, traders said. Additional support stemmed from a tight supply of soybeans at U.S. Gulf […] Read more
U.S. grains: Soybeans rise to six-week high on Brazil, weather woes
U.S. livestock: CME hog futures rise again with cash prices
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hogs rose for a fifth session in a row on Tuesday, helped by short-covering in response to rising prices for market-ready (cash) hogs, traders said. April futures closed 0.25 cent per pound higher at 68.575 cents, and May up 0.8 cent, to 79.05 cents (all figures […] Read more
Canada’s share of malt barley market shrinking
Winnipeg | CNS Canada –– Canada has historically been one of the world’s top malt barley exporters, but its share of the global market is shrinking, Cargill Malt’s Lorelle Selinger told the Wild Oats Grainworld conference. A poor-quality crop produced in Canada in 2014-15 is one reason importers have started sourcing their malt supplies from […] Read more
Last-minute tentative deal averts lockout at CN
Canadian National Railway (CN) has pulled its lockout notice after reaching a tentative labour deal with its unionized mechanical and clerical staff. The company, which last week set a lockout deadline of 11 p.m. ET Monday for employees represented by Unifor, announced the agreement late Monday night. “We are very pleased that the company and […] Read more
Agrium profit beats Street, helped by higher grain prices
Reuters — Fertilizer and farm retail dealer Agrium reported a better-than-expected fourth-quarter profit helped by higher prices for most grains and oilseeds. The company also forecast 2015 profit to be $7 to $8.50 per share. Analysts on average expect a profit of $7.55 per share, according to Thomson Reuters I/B/E/S. Agrium’s U.S.-listed shares rose two […] Read more
Prairie CWRS wheat bids drop with U.S. futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat across the Prairies moved lower during the week ended Friday, taking most of their direction from a downturn in U.S. futures. Average CWRS prices lost about $9-$10 per tonne, with prices ranging from about $201 per tonne in north-central Saskatchewan to $220 per […] Read more
Industry braces for impact as CN lockout deadline nears
Toronto | Reuters –– A looming lockout at Canada’s biggest railway threatens to delay imports from Asia and may compound a U.S. West Coast port logjam unless last-ditch contract talks succeed Monday. Canadian National Railway (CN) and Unifor, the union representing its 4,800 mechanical, clerical and trucking workers in Canada, resumed talks on Monday, hours […] Read more
Canada seen sowing slightly less canola, more durum
Winnipeg | Reuters — Canadian farmers are leaning toward planting slightly less canola and more durum wheat, a Reuters survey of 12 traders and analysts showed on Monday. Farmers still have plenty of time to change plans for seeding, which starts in most of the Prairies by May, but many have already bought some of […] Read more
U.S. grains: Corn, wheat slide to near three-week lows as dollar firms
Chicago | Reuters –– U.S. wheat and corn futures fell to near three-week lows on Monday as a strong dollar loomed over export demand along with aggressive competition from overseas suppliers, traders said. Soybeans, which remain underpinned by a tug-of-war for nearby supplies between processors and exporters, ended mostly unchanged after bouncing from session lows. […] Read more
‘Extreme’ volatility expected in wheat markets this spring
Winnipeg | CNS Canada — Canadian and U.S. wheat markets are likely going to experience some “extreme” volatility this spring, Lawrence Yakielashek of FarmLink Marketing Solutions told the Wild Oats Grainworld Conference. “The spring months are when the firecrackers are going to start to hit the match,” he added. He predicted there would be a […] Read more