Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Friday in response to the U.S. dollar’s surge to a four-year high which tends to drive up costs for U.S. exports, including meat, traders said. Positive U.S. monthly employment numbers helped send stocks on Wall Street up more than one per cent. The […] Read more
U.S. livestock: CME lean hogs slide as U.S. dollar surges
CME to shorten livestock futures electronic trading hours
Chicago | Reuters — CME Group will scale back electronic trading hours for its livestock markets following customer feedback, the exchange announced on Friday. The markets affected are CME (Chicago Mercantile Exchange) lean hogs, live cattle and feeder cattle futures and options. The changes are effective Oct. 27 and follow responses to an exchange survey […] Read more
CWB plans Red River Valley grain elevator
The grain firm formerly known as the Canadian Wheat Board has laid out plans for a fourth Prairie elevator — this time much closer to home. Winnipeg-based CWB on Friday announced it has picked a site half a mile south of Glenlea, Man., or about 10 km south of Winnipeg city limits off Highway 75, […] Read more
Conservative StatsCan production estimates downplayed
CNS Canada — Statistics Canada’s updated production estimates came in Friday at the low end of pre-report trade expectations — but the timing of the survey had most industry watchers second-guessing the numbers as soon as they came out. StatsCan pegged 2014-15 canola production at 14.079 million tonnes, up slightly from the 13.908 million tonnes […] Read more
Dow Agro to offer Nexera as ‘commodity’ canola
Growers of Dow AgroSciences’ identity-preserved Nexera hybrid canola may be able to grow it off-contract next spring and drop it into the regular commodity market, through a new deal on offer from the seed and ag chem company. Dow on Thursday launched what it calls the Flexibility Agreement, which, unlike the company’s Nexera Canola Contract, […] Read more
Cool, wet weather halts Alberta harvest
CNS Canada — Farmers in Alberta haven’t been able to make much harvest progress recently, as rainfall and cool weather have prevented them from getting into the fields over the past week. Almost half an inch of rain fell in some areas on Friday (Sept. 26), followed by some nicer weather on the weekend, said […] Read more
Japan, Korea can stop GMO testing, U.S. wheat group chief says
Reuters — Japan and South Korea are continuing to test the U.S. wheat they buy to make sure the grain is not contaminated with an experimental version developed by Monsanto, but could soon stop the practice, the head of a U.S. wheat association said Thursday. The two countries, which are among the top purchasers of […] Read more
U.S. grains: Wheat rebounds from four-year low on exports
Chicago | Reuters –– U.S. wheat futures set a two-week high on Thursday, rebounding from last week’s four-year lows on larger-than-expected weekly export sales data, traders said. Soybeans and corn firmed after setting multi-year lows this week. But gains were limited by the ongoing harvest of massive U.S. crops. At the Chicago Board of Trade, […] Read more
Mustard bids dropping due to lack of contracts
CNS Canada — Bid levels for Canadian mustard are dropping, according to an industry expert who says many producers grew crops without a contract. “Half the acres in Saskatchewan would have been put into the ground without a contract,” said Walter Dyck of Olds Products at Lethbridge, Alta. Right now, Dyck said, many producers are […] Read more
Flax prices too high, harvest pressure to weigh
CNS Canada –– A late harvest and good nearby demand are keeping flaxseed prices artificially high, but spot bids appear to have room to drop by as much as $2 per bushel or more over the next month. Spot flaxseed bids as high as $12.50 to $13 per bushel can currently be found in Manitoba […] Read more