A new canola variety billed with “intermediate” reaction against a new pathotype of clubroot is being placed in the zone between “resistant” and “susceptible.” Canterra Seeds, the Winnipeg firm marketing the new CS2000 hybrid variety, clarified its claim for the seed in a statement on a company blog Wednesday, granting many growers may be seeing the […] Read more
Against clubroot, ‘I’-rated canola sits between ‘R’ and ‘S’
U.S. grains: Soybeans slip as dollar firms, crude oil falls
Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Wednesday, retreating from a three-week high notched Tuesday as the dollar rose, traders said. Outlooks for the driest areas of Brazil’s crop region calling for rain this week and the falling crude oil market also hurt soy prices. “Today, cooler heads prevailed and […] Read more
Canada’s large canola stocks top expectations
CNS Canada — Releasing its Canadian year-end stocks estimates, Statistics Canada painted a picture Tuesday that’s mostly bearish for canola. StatsCan’s figure for canola stocks as of Dec. 31, at 11.103 million tonnes, was at the high end of expectations, surpassing what some market watchers anticipated. “I’m not sure if that means that StatsCan’s production number […] Read more
U.S. burger demand a boon to New Zealand dairy farmers
Wellington| Reuters –– Supersized U.S. demand for burgers is a godsend for New Zealand farmers struggling with weak dairy prices but now earning good money for cows sent to slaughter for beef. Years of low cattle supplies have kept U.S. beef import prices near a record high of around $3 per pound hit last September, […] Read more
Prairie shippers’ group expands grain car tracking
A clutch of Prairie grain industry stakeholders says its pool of weekly data on rail car spotting is getting deeper and still shows significant shortfalls in car delivery from Canada’s big two railways. The Ag Transport Coalition on Tuesday released a performance measurement update, which it says now includes aggregate data from shippers representing about 85 […] Read more
U.S. grains: Corn gets biggest boost of new year as dollar slips
Chicago | Reuters — U.S. corn and wheat futures climbed four per cent on Tuesday amid a broad-based rally in commodities led by crude oil as the dollar slipped to a near-two-week low on weaker domestic economic data, traders said. Chicago Board of Trade grain markets were overdue for a short-covering rebound after falling to […] Read more
U.S. livestock: CME live cattle rebound with beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher after Tuesday’s choppy session, supported by the wholesale beef price upswing that trumped initial selling, traders said. February closed 0.55 cent per pound higher at 153.75 cents, and April up 0.975 cent, to 150.575 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more
New Washington poultry quarantine set up near B.C. border
Reuters — The state of Washington said Tuesday it has established a third poultry quarantine zone just outside British Columbia’s Okanagan Valley, after state officials discovered a flock of about 100 birds infected with an avian influenza virus. The Washington State Department of Agriculture adopted an emergency rule on Sunday to establish the new quarantine […] Read more
StatsCan canola stocks expected to drop from year-ago mark
CNS Canada –– With Statistics Canada releasing its estimates Wednesday for crop stocks as of Dec. 31, canola supplies are generally expected to fall compared to year-ago levels. The lower stocks estimates are mainly linked to smaller production in 2014-15, compared to the record large crop grown in 2013-14, analysts say. “Stocks were pretty high […] Read more
ADM profit jumps as big U.S. harvest boosts ag services
Chicago | Reuters — U.S. agribusiness Archer Daniels Midland on Tuesday reported higher quarterly earnings as a record-large U.S. harvest boosted grain volumes and supported strong exports, though revenue fell short of expectations. Earnings in agricultural services, ADM’s biggest business segment in terms of revenue, grew as bumper U.S. corn and soybean crops replenished thinned […] Read more