Chicago | Reuters — Chicago Board of Trade wheat futures surged four per cent on Wednesday, rising for a fifth straight session on worries that Russia, a key global supplier, might restrict exports to cool domestic prices, traders said. Strong U.S. ethanol production bolstered corn, while soybeans firmed on technical buying. CBOT March wheat settled […] Read more
U.S. grains: Wheat hits six-month high on Russia worries
Russia curbs grain exports to cool domestic prices
Moscow | Reuters — Russia, one of the world’s main wheat exporters, is taking steps to restrict grain exports in an attempt to cool domestic prices, as it tackles a financial crisis linked to plunging oil prices and Western sanctions. In a meeting with grain exporters on Wednesday, Deputy Prime Minister Arkady Dvorkovich said the […] Read more
Canada’s West Coast ports offer little relief from U.S. delays
Vancouver | Reuters — Gridlock at U.S. West Coast ports that has forced McDonald’s to ration French fries at its Japanese restaurants and interrupted supplies to retailers such as Lululemon is unlikely to be alleviated by routing cargoes through Canada, whose Pacific ports face their own problems. Capacity is already limited at Canada’s largest port, […] Read more
‘No news is good news’ for Canadian canola exports
CNS Canada — Steady end-user demand and a lack of any problems from a logistics standpoint are keeping Canadian canola exports moving at a solid pace — but a repeat of the record business of 2013-14 is still unlikely. “There is still some demand out there, but it’s probably not as strong as (at) the […] Read more
Edible beans see price weakness against Mexican exports
CNS Canada –– Black beans, coloured cranberry and kidney beans are leading the way as Manitoba’s edible bean crop heads to market. According to one industry expert, prices for black beans are in the high 20s (cents per pound) while coloured cranberry and kidney beans are a bit higher. Pintos are bringing up the rear […] Read more
U.S. livestock: CME feeder cattle drop limit fourth straight session
Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle futures finished down their three cents per pound daily price limit on Tuesday for a fourth day in a row following sharply lower cash prices, traders said. Fund selling, sell stops and CME live cattle’s subsequent limit-down settlement further pressured feeder cattle contracts. The inability […] Read more
China approves Syngenta’s Viptera corn: reports
Chicago | Reuters — Chinese authorities have informed some agriculture industry officials that the government has approved U.S. imports of a type of genetically modified corn that has sparked lawsuits against seed maker Syngenta, according to reports from Agri-Pulse and Bloomberg. Syngenta will make an announcement about Chinese government approval of Agrisure Viptera corn, known […] Read more
U.S. grains: Wheat hits six-month top on worries over Russian exports
Chicago | Reuters –– Chicago Board of Trade wheat futures climbed to a six-month high Tuesday on lingering fears that Russia might seek to curb grain exports as a result of pressure on the rouble. Soybeans fell on improving South American crop prospects and softening values for soymeal while corn retreated from multimonth highs set […] Read more
Russia restricts grain export certificates for some countries, trade sources say
Moscow | Reuters — Russia’s Veterinary and Phytosanitary Surveillance Service (VPSS) has restricted grain export certificates for some countries, three trade sources told Reuters. Russia has been exporting record volumes of wheat this year as a tumble in the rouble makes its grains cheap on world markets. The central bank hiked rates sharply on Monday […] Read more
B.C. egg farm joins turkey, broiler farms on quarantine list
A 53,000-bird table egg layer operation in the greater Vancouver area is the 10th farm in British Columbia’s Lower Mainland to be confirmed with avian influenza since the beginning of the month. The farm, in the Langley municipality, was investigated Saturday under “suspicion” of avian flu and confirmed later that day to be infected with […] Read more