Chicago | Reuters — Farmers from the biggest U.S. corn-growing states have sued Syngenta over sales of genetically modified corn seed not approved by China, joining global exporters in pursuing damages from the Swiss-based company. In coordinated lawsuits filed on Friday in federal courts in Iowa, Illinois, Nebraska, Kansas and Missouri, farmers accused Syngenta of […] Read more
U.S. farmers latest to sue Syngenta over corn China rejected
Soy industry group taps Canola Council exec as chief
Canada’s new national soy industry body has gone to Canada’s other national oilseed industry body for its new chief executive. Soy Canada, which set up shop last month in Ottawa as a new Canada-wide organization representing the soybean value chain, on Monday appointed Jim Everson, vice-president of government relations for the Canola Council of Canada, […] Read more
Klassen: Hot demand on feature calf sales
Western Canada’s feeder cattle markets continue to show signs of exorbitant strength as the fall run moves into full gear. Many auction markets were featuring the first calf sales of the season, defining the market structure for the next few weeks. Major feeding regions such as southern Alberta saw quality 500-pound steer calves readily trade […] Read more
Prairie cash wheat prices up as U.S. futures move higher
CNS Canada — Average cash bids for wheat were firmer across Western Canada during the week ended Friday, lifted by strengthening U.S. futures and improving basis levels for some classes of wheat. CWRS (Canada Western Red Spring) prices were up between C$10 and $16 compared to a week ago, with the best pricing opportunities still […] Read more
U.S. grains: Soy surges, corn up as harvest slows
Chicago | Reuters — U.S. corn and soybean futures rallied on Monday on concerns that the slowing pace of harvest in the U.S. Midwest will delay deliveries of much-needed supplies, traders said. “We have got a wetter forecast,” said Bill Gentry, a broker at Risk Management Commodities in Lafayette, Indiana. “That is definitely going to […] Read more
U.S. livestock: CME lean hogs charge higher as funds buy
Chicago | Reuters — Chicago Mercantile Exchange lean hogs futures closed sharply higher Monday, supported by short-covering and fund buying after contracts surpassed key technical resistance levels, traders said. October hogs closed 1.575 cents per pound higher at 107.175 cents (all figures US$). December finished at 95.875 cents, 2.85 cents higher and above the 100-day […] Read more
Sun Media set to sell Ontario Farmer
Long-running weekly ag journal Ontario Farmer is among the titles on the block in Sun Media’s planned sell-off of its English-language Canadian newspapers. Sun Media, Canada’s biggest newspaper publisher and an arm of Montreal media and telecom giant Quebecor, announced Monday it plans to sell all 175 of its English-language daily and weekly newspapers and specialty titles to […] Read more
Canadian produce growers lose U.S. default protection
Canadian fruit and vegetable growers shipping produce to the U.S. have just lost a key piece of insurance against U.S. buyers who skip out on their bills. The Fresh Produce Alliance (FPA), representing the Canadian Produce Marketing Association (CPMA), Canadian Horticultural Council (CHC) and Fruit and Vegetable Dispute Resolution Corporation (DRC), announced Friday that Washington […] Read more
Brazil soy exporters to police Monsanto seeds, for fee
Sao Paulo | Reuters — At least one soybean exporter in Brazil has agreed with Monsanto to collect royalties, in exchange for a fee, from farmers who planted genetically engineered seeds marketed by the company, according to industry sources. The landmark deal, already finalized by a firm that declined to be identified, highlights an increasingly […] Read more
U.S. grains: Soy falls on big yields, gains for week on harvest delays
U.S. soybeans fell more than one per cent Friday, losing ground for the first time in three sessions on pressure from impressive yield results during the early days of a record harvest. Prices extended declines after a closely watched private forecaster raised its estimate for the U.S. soy harvest in a midday report. Soybeans held […] Read more