Reuters — Chicago grain and soybean futures rose Thursday on technical buying, rebounding from losses in the previous session that were due to forecasts for favourable harvest weather in the week ahead. Bargain-buying also buoyed soybeans after the previous session’s loss, while short-covering added to wheat’s advances. Some investors may see grains as a safer […] Read more
U.S. grains: Soybeans, wheat, corn rebound on technical buying
U.S. livestock: CME live cattle rally as stock market improves
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Thursday, partly fueled by Wall Street’s recovery from session lows, traders said. U.S. stocks edged higher in afternoon trading on Thursday, rebounding from earlier declines, as a flurry of positive economic reports eased fears about the potential impact of a weakening […] Read more
CF ends merger talks with Yara
Reuters — U.S. fertilizer firm CF Industries said it has dropped merger talks with Norway’s Yara International after the fertilizer makers were unable to agree on terms of a deal. Yara and CF said last month they were in early-stage talks about a “merger of equals” that would create a US$27 billion rival to the […] Read more
Clock ticking on FNA-led group’s proposed play for CWB
Farmers of North America (FNA) executives are pleading for more time from the federal government to help farmers hammer out a deal to buy the former Canadian Wheat Board. FNA has created a new organization, Genesis Grain and Fertilizer LP, to build a farmer-owned grain handling and fertilizer sales and distribution company. As of Tuesday, […] Read more
Domino’s Canadian arm commits to Canadian cheese
In the wake of a rival’s play to import cheaper U.S. mozza, the Canadian franchisee of U.S. pizza chain Domino’s has formally gone all-in on the Canadian brand. Domino’s Pizza of Canada on Wednesday announced what it bills as a “major partnership” with Dairy Farmers of Canada, which will see DFC’s 100 per cent Canadian […] Read more
Ontario’s Gay Lea to buy Hewitt’s Dairy
A 127-year-old family-owned Ontario dairy processor is set to go co-op. Gay Lea Foods, the province’s largest dairy co-operative, announced Wednesday it reached a deal to buy Hewitt’s Dairy of Hagersville for an undisclosed sum, effective Nov. 1. Hewitt’s is an icon in southern Ontario for its dairy bar just north of Hagersville, about 25 […] Read more
U.S. EPA approves Dow’s Enlist Duo herbicide for GM soy, corn
Reuters — The U.S. Environmental Protection Agency gave final approval on Wednesday to a new herbicide developed by Dow AgroSciences, ordering a series of restrictions to address potential environmental and health hazards. The EPA said it was applying “first-time-ever restrictions” on its approval of the herbicide, Enlist Duo, which is designed to be used with […] Read more
CBOT soybeans, corn watch weather
CNS Canada — Soybean futures on the Chicago Board of Trade (CBOT) were higher during the week ended Wednesday, driven upward by harvest delays over wet weather and sluggish farmer selling. “These rallies don’t make a lot of sense to me but we were due for a bit of a bounce and I think this […] Read more
Pork, poultry to dictate future cattle prices, analyst says
CNS Canada –– Increased competition from pork and poultry may be the factors that ultimately stop skyrocketing beef prices across North America, according to one cattle market analyst. “We’ve had a phenomenal year of demand for beef and prices have been record-high right through the whole pipeline so the question we’re all asking now is […] Read more
ICE weekly outlook: Canola choppy with outside markets
CNS Canada –– ICE Futures Canada canola contracts were up and down during the week ended Wednesday, but managed to post gains overall as a weaker Canadian dollar and spillover from the advances in CBOT soybeans provided support. Whether strength in canola will continue remains to be seen. “All of these gyrations of late (in […] Read more