Milk delivery to a major cheese plant in Eastern Canada is expected to resume soon as unionized employees at dairy co-operative Agropur’s facility at Granby, Que. end a five-and-a-half-week strike. The plant’s 250-odd workers, represented by the Syndicat des salaries de la fromagerie — an arm of Centrale des syndicats democratiques (CSD) — have voted […] Read more
Agropur cheese plant workers take deal, halt strike
Milk not taken at Granby, Que. plant for over five weeks
Nutrien’s interim CEO named CEO
Seitz sees 'a lot of uncertainty' continuing in market
Reuters — Canada’s Nutrien Ltd., the world’s largest potash fertilizer producer, named Ken Seitz as chief executive on Monday, removing the interim tag. Nutrien in January surprised investors by replacing its CEO for the second time in eight months. It then named Seitz, the head of its potash business, as interim CEO, replacing Mayo Schmidt. […] Read more
U.S. livestock: Cattle futures up with cash prices, tightening supplies
October lean hogs also gain on day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed to a 3-1/2 month peak on Monday, supported by firm cash market prices and tightening supplies. Falling corn feed prices supported feeder cattle futures, while lean hog contracts also gained and touched the highest level since June 2021. CME August live cattle futures peaked […] Read more
Cold and hungry: Food inflation bites Canada’s North
'It's really expensive to do business here'
Iqaluit | Reuters –– In Canada’s remote North, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world’s biggest exporters of grains and meat. Communities in Nunavut — the largest of the three territories that make up Canada’s northernmost region — […] Read more
U.S. grains: Corn, soybeans slip after Midwest rains
Traders looking ahead to USDA report on Friday
Chicago | Reuters — U.S. corn and soybean futures eased on Monday as improved weather in parts of the U.S. Midwest’s farm belt boosted harvest prospects for crops stressed recently by high temperatures and dryness. Chicago Board of Trade wheat firmed as the dollar softened, although gains were limited by improving prospects for exports from […] Read more
U.S. grains: Soybeans fall; corn rises; wheat eases as Ukraine trade watched
Chicago | Reuters – U.S. soybean futures fell on Friday for the fourth session of the last five, pressured by forecasts for spotty Midwest rains that could boost the health of it crop as it passes through key development periods, traders said. “Last year taught us that crops can survive (and even thrive) on minimal, […] Read more
U.S. livestock: Cattle, hog futures firm
Chicago | Reuters – Chicago Mercantile exchange live cattle futures firmed to their highest in more than three months on Friday, while hog futures edged back toward the 13-1/2-month high hit on Wednesday. CME August live cattle futures LCQ2 settled 0.175 cent higher at 137.875 cents per lb, with the front-month contract LCc1 hitting its highest since April 29 during the […] Read more
Ukraine seeks to extend shipping safe passage deal beyond grain
Istanbul/Kyiv | Reuters – Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia’s invasion was due in Ukraine to load, as Kyiv called for the safe passage deal to be extended to other cargoes such as metals. The July 22 deal marked a rare diplomatic breakthrough as war […] Read more
China’s U.S. ag imports soar to new highs in 2022, but volumes vary
Naperville, Ill. | Reuters – China is on track to be the leading international buyer of U.S. agricultural products for a third consecutive year, as the total value of exported goods reached record levels in the first half of 2022. Some of that can be explained by increased trade volumes of certain items, particularly beef, but […] Read more
Corteva raises forecast as demand for seeds, crop protection products booms
Bengaluru | Reuters – Corteva Inc CTVA.N on Thursday raised its full-year sales and profit forecasts as the crop protection products maker benefits from surging demand from farmers looking to cash in on higher prices since the Ukraine war. The company, which reported a 14 percent jump in second-quarter operating earnings, also unveiled plans to exit some […] Read more
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