Crops & Production Tips - Grainews

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Global markets: Clinton opposes TPP, Chinese stocks gain

By MarketsFarm Team, GFM Network News October 8, 2015

CNS Canada — The following is a glance at the news moving markets globally. HILLARY CLINTON SAYS SHE DOES NOT SUPPORT PACIFIC TRADE DEAL — U.S. democratic presidential candidate Hillary Clinton said Wednesday she does not support the Trans-Pacific Partnership. The deal doesn’t do enough to protect consumers from high drug prices and currency manipulation, […] Read more

(USDA.gov via Flickr)

Crops, Markets, Reuters

U.S. grains: Harvest pressure hits prices before crop reports

By GFM Network News October 8, 2015

Chicago | Reuters — U.S. grain futures on Thursday extended a setback from 10-week highs reached a session earlier, pressured by an influx of fresh supplies from U.S. harvests and profit taking ahead of the release of highly anticipated crop data. Soybeans also fell, snapping a three-day rally before the U.S. Department of Agriculture issues […] Read more

(Photo courtesy General Mills via Flickr)

Cereals, Crops, Oats, Spring Wheat

Gluten-free Cheerios recall not for Canada

By Grainews Staff, GFM Network News October 8, 2015

Gluten-free Cheerios or Honey Nut Cheerios in bilingual English-French packaging aren’t affected by a recent recall over undeclared wheat ingredients, the cereal’s manufacturer says. General Mills Canada said Wednesday that the products it sells in Canada aren’t included in the recall announced Tuesday in the U.S. General Mills recalled several days of production of Cheerios […] Read more

Lorne Hehn, shown here in an undated photo, was a southern Saskatchewan farmer before becoming UGG’s president in Winnipeg in 1981. (Grainews file photo)

Crops

Former UGG, CWB chief Lorne Hehn, 79

By Grainews Staff, GFM Network News October 8, 2015

Lorne Hehn, at his funeral last week, was remembered as the Saskatchewan farmer-turned-businessman who led the Canadian Wheat Board toward its next-to-last incarnation as a farmer-controlled marketing agency. Hehn, who died Sept. 16 at age 79, had farmed at Markinch, about 65 km north of Regina, and was involved in several farm organizations, becoming a […] Read more

(Dave Bedard photo)

Beef Cattle, Crops, Markets, Reuters

Cargill Q1 profit jumps despite commodities slump

By GFM Network News October 7, 2015

Chicago | Reuters — Global commodities trader Cargill Inc. effectively navigated tumbling commodities markets and volatile currencies to turn in a 20 per cent gain in first-quarter profit, the privately held company said Wednesday. The Minnesota-based company’s grain and oilseed supply chain and energy businesses were standouts in the quarter ended Aug. 31, in stark […] Read more

(SABMiller.com)

Barley, Crops, Reuters

SABMiller rejects Labatt owner’s takeover approach

By GFM Network News October 7, 2015

Brussels/London | Reuters –– SABMiller, the world’s second largest brewer, has promptly rejected an improved takeover proposal from Anheuser-Busch InBev, saying its 68 billion-pound (C$136 billion) valuation was “very substantially” under par. Refusal of the offer, made public Wednesday after earlier proposals were refused privately, opens the door to a week of intense wrangling before […] Read more

(Dave Bedard photo)

Canola, Corn, Crops, Reuters, Soybeans

Monsanto slashing 2,600 jobs, buying back shares as sales fall

By GFM Network News October 7, 2015

Reuters — Monsanto, one of the world’s largest seed and agrichemical companies, said Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. The company, which said it expected low prices for agricultural products to squeeze results well into 2016, also reported a much wider quarterly loss […] Read more

(Dave Bedard photo)

Canola, Crops, Markets

ICE weekly outlook: Canola poised to test resistance

By GFM Network News October 7, 2015

CNS Canada — ICE Futures Canada canola futures tried and failed to break higher on numerous occasions over the past two weeks, but could be poised to finally see a bounce, according to a market analyst. A rebound in palm oil is supporting soyoil, which in turn is supportive for canola, said Errol Anderson of […] Read more

(Lisa Guenther photo)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy rest on USDA report

By GFM Network News October 7, 2015

CNS Canada –– The short-term fate of corn and soybean futures at the Chicago Board of Trade rests on an upcoming supply and demand report, according to one analyst. Long-term, traders are watching global weather patterns, which could put crops at risk. The U.S. Department of Agriculture (USDA) will release its monthly World Agricultural Supply […] Read more

(Photo courtesy Agrium)

Slowdown in sales softens fertilizer market

By GFM Network News October 7, 2015

CNS Canada — A lack of buying throughout North and South America has put fertilizer prices under pressure, but so far, no one is lining up to capitalize on the weakness, according to an industry watcher. “Farmers aren’t in the mood to buy fall fertilizer. I think they’re more uncertain this year than they normally […] Read more