Crops & Production Tips

El Nino now seen more likely to last into spring

By Reuters, GFM Network News August 13, 2015

New York | Reuters — A U.S. government weather forecaster on Thursday raised the likelihood that El Nino conditions would last into the Northern Hemisphere’s early spring to 85 per cent, boosting the probability that drought-stricken California could see increased rains. The Climate Prediction Center, a U.S. National Weather Service agency, last month forecast an […] Read more

Crops, Machinery

Tumour surgery to sideline CN chief

By Grainews Staff, GFM Network News August 13, 2015

The CEO of Canada’s biggest rail network expects to be off work until late fall for surgery and radiation treatments on a precancerous tumour. Canadian National Railway’s (CN) chief executive Claude Mongeau said Wednesday he expects to have surgery either near the end of this month or early in September, to remove a rare type […] Read more

Crops, Weather

Western Prairies see low yields as harvest ramps up

By GFM Network News August 13, 2015

CNS Canada –– This summer’s erratic weather has taken its toll on plant development in Alberta and parts of western Saskatchewan, according to crop-watchers in those areas. “We have heard that dry conditions have caused plants (peas) to slough off or have the tillers dry off and have lost those heads,” said Barry Yaremcio at […] Read more

Crops, Markets, Reuters

U.S. grains: Grains, soy stabilize a day after USDA-led tumble

By GFM Network News August 13, 2015

Chicago | Reuters — U.S. wheat futures rose two per cent on Thursday, recovering after a nearly three per cent drop a day earlier when bearish data in a monthly U.S. government crop report sent grain markets tumbling. Soybean and corn futures staged modest rebounds, one day after the U.S. Department of Agriculture report stunned […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soybeans face uncertain future

By GFM Network News August 12, 2015

CNS Canada –– Chicago corn and soybeans both suffered heavy losses during the week ended Wednesday, as a supply and demand survey by the U.S. Department of Agriculture projected better-than-expected harvests. The report pegged U.S. corn output at 13.686 billion bushels while soybean output was pegged at 3.916 billion bushels. Both numbers were larger than […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola drop may spur fresh demand

By GFM Network News August 12, 2015

CNS Canada — ICE Futures Canada canola futures dropped sharply on Wednesday as the market reacted to a surprisingly bearish U.S. Department of Agriculture report and resulting losses in soybeans. While the nearby technical bias has turned bearish, the latest weakness may also serve to uncover some fresh export demand for canola. “It’s a reminder […] Read more

Crops, Markets, Reuters

CHS locks in fertilizer supply, scraps plan for N.D. plant

By Reuters, GFM Network News August 12, 2015

Reuters — U.S.-based agribusiness CHS Inc. said it would invest US$2.8 billion in a unit of fertilizer producer CF Industries to secure nitrogen fertilizer supplies. This is the third deal in a week in the highly fragmented global fertilizer industry, which is trying to cope with weak prices caused by excess supply. CHS will have […] Read more

Crops, Markets, Reuters

U.S. grains: Soy, corn tumble after USDA hikes U.S. yield forecasts

By GFM Network News August 12, 2015

Chicago | Reuters –– U.S. soybean futures plunged six per cent and both corn and soybeans briefly fell their respective daily limits on Wednesday after the U.S. Department of Agriculture surprised traders by raising its estimates for domestic corn and soybean crops in a monthly report. Analysts surveyed by Reuters had expected USDA to lower its […] Read more

(Todd Rosenberg photo via KraftFoodsGroup.com)

Crops, Markets, Reuters

Kraft Heinz to cut 2,500 jobs in Canada, U.S.

By Reuters, GFM Network News August 12, 2015

Reuters — Kraft Heinz Co. said it will eliminate 2,500 jobs in the U.S. and Canada, including about 700 at its Chicago-area headquarters. Heinz, backed by Warren Buffett’s Berkshire Hathaway and Brazilian private equity firm 3G Capital — known as an aggressive cost-cutter — combined with Kraft in March in a $46 billion deal that […] Read more

Cereals, Corn, Crops, Markets, Reuters, Soybeans, Weather

USDA sees bumper corn, soy crops despite floods

By GFM Network News August 12, 2015

Washington | Reuters –– U.S. corn and soybean harvests were pegged above expectations this year as strong yields in areas west of the Mississippi River will make up for problems caused by excessive rains in eastern production states, the government said Wednesday. The U.S. Department of Agriculture forecast the 2015-16 soybean harvest at 3.916 billion […] Read more

Daily Network News

Pulse weekly: Indian forecasters predict below-normal monsoon

Argus cuts Ukraine wheat crop forecast on lower harvest area

Argentina soybean production to be firm in 2026-27

Crops

El Nino now seen more likely to last into spring

Tumour surgery to sideline CN chief

Western Prairies see low yields as harvest ramps up

U.S. grains: Grains, soy stabilize a day after USDA-led tumble

CBOT weekly outlook: Corn, soybeans face uncertain future

ICE weekly outlook: Canola drop may spur fresh demand

CHS locks in fertilizer supply, scraps plan for N.D. plant

U.S. grains: Soy, corn tumble after USDA hikes U.S. yield forecasts

Kraft Heinz to cut 2,500 jobs in Canada, U.S.

USDA sees bumper corn, soy crops despite floods

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