CNS Canada –– ICE Futures canola contracts were mixed during the week ended Wednesday, with the most-active January contract feeling pressure from declines in the U.S. soy complex. With the harvest over and no major reports scheduled within the next seven days, it is difficult to see canola breaking very far one way or the […] Read more
ICE weekly outlook: Canola feeling soy pressure
U.S. livestock: CME hogs end higher after early losses pared
Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended higher on Wednesday on short-covering and fund buying that trumped initial selling, traders said. December closed up 0.225 cent per pound at 91.775 cents, and February 0.525 cent higher at 91.65 cents. CME hogs rose despite lower cash hog and wholesale pork prices, partly due […] Read more
U.S. grains: Corn, soybeans hit two-week lows on huge U.S. crops
Chicago | Reuters — U.S. corn and soybeans tumbled to two-week lows on Wednesday, extending steep declines from the previous session as record harvests neared completion and investors took profits after recent multimonth highs. Wheat fell to a one-week low at the Chicago Board of Trade on pressure from technical selling and weak export demand. […] Read more
COOL as is can’t be patched to satisfy WTO, Vilsack says
U.S. federal officials don’t see a way their mandatory country-of-origin labelling (COOL) legislation can do what it was designed to do and satisfy global trade rules at the same time. U.S. Agriculture Secretary Tom Vilsack, speaking Monday on a U.S. Department of Agriculture podcast, said officials “do not think that there is a regulatory fix” for […] Read more
Richardson’s Sask. oat milling staff ratify deal
Unionized workers with Richardson International’s oat processing and grain milling plant at Martensville, Sask. are headed back to work after ratifying a new labour deal. About three dozen Richardson Milling employees, represented by the United Food and Commercial Workers (UFCW) Local 1400, were locked out Sept. 10 after voting in late August to approve a […] Read more
Britain confirms H5N8 in ducks on farm in north
London | Reuters — Bird flu on a duck farm in northern England is the highly contagious H5N8 strain, the same form of the virus already discovered in Germany and the Netherlands, Britain’s farm ministry confirmed on Tuesday. The Department for Environment, Food and Rural Affairs (Defra) said that the risk to humans was minimal, […] Read more
U.S. grains: Corn slides as record harvest nearly complete
Chicago | Reuters — U.S. grain and soybean futures fell on Tuesday, with corn tumbling 1.5 per cent to cap off its biggest three-day slump in nearly two months as investors took profits and record-large corn and soybean harvests neared completion. Chicago Board of Trade corn futures slid for the third straight session while wheat […] Read more
U.S. livestock: CME hogs slide with cash, wholesale pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Tuesday, weighed by the drop in prices for slaughter-ready or cash hogs and pork at wholesale, traders said. December closed 1.45 cents per pound lower at 91.55 cents, and February down 1.5 cents at 91.125 cents (all figures US$). The morning’s average hog […] Read more
U.S. wheat futures consolidate, but more strength possible
CNS Canada — U.S. wheat futures have run into some resistance after posting solid gains recently, and could see some more consolidation in the short term. However, there are still a number of supportive factors at play in the wheat market, according to an analyst. “The rally has really slowed down, and we’ve reversed from […] Read more
BASF moves Clearfield system to open-ended agreements
Farmers wanting to grow Clearfield canola, wheat, sunflowers or lentils will now only need to sign one agreement to use the herbicide-tolerant crop system, rather than sign up every year or every few years. BASF, developer of the Clearfield Production System, on Monday announced a new “evergreen,” or open-ended, version of its Clearfield Commitment, available […] Read more