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The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)
General, Markets, Reuters

Biden backs ethanol industry on low-emission aviation fuel tax credits

Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales

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Reuters - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.
(Lauri Patterson/E+/Getty Images)
Dairy Cattle, Livestock, Markets, Reuters

CUSMA panel rejects U.S. complaint on access to Canada dairy market

Canada 'very pleased' with dispute settlement panel findings

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Ottawa | Reuters — A trade dispute settlement panel set up under a major North American free trade agreement has rejected a U.S. complaint that Canada is improperly limiting access to its dairy market, an official report showed on Friday. The United States had accused Canada of not meeting obligations under the 2020 Canada-U.S.-Mexico Agreement […] Read more
Photo: Reuters/Ben Nelms/File
Crops, Markets

IGC raises world crop projections

If realized, the world wheat crop will the second largest on record

By
Projected worldwide wheat, corn and soybean production in 2023/24 was raised by the International Grains Council in its latest update, with better-than-expected corn yields in the United States and larger Black Sea wheat crops behind the adjustment.
File photo of Rabobank’s office building in Utrecht. (Rabobank.com)
Crops, Markets

More acres expected for soybeans, canola, Rabobank says

RaboResearch arm sees Canada's exporters 'struggling' with margins

By
MarketsFarm — Farmers in the U.S. will seed more soybeans in 2024-25, with Canadian canola plantings also expected to rise to a lesser extent, according to a grains and oilseeds analyst with RaboResearch Food and AgriBusiness, a division of the Dutch multinational bank Rabobank at the firm’s Fall Harvest Outlook webinar. During the Wednesday webinar, […] Read more
With the calf market becoming more defined as the fall run moves into high gear, mixed steers averaging 500 pounds are readily trading in the range of $415-$425/cwt across the prairies.
Cattleman’s Corner, Markets

There’s a hint of U.S. beef herd expansion

Market Update with Jerry Klassen: Short supplies and consumer demand keep cattle prices near historical highs

By
As of late September, Alberta packers were buying fed cattle on a dressed basis at an average price of $390/cwt delivered. Live prices f.o.b. southern Alberta feedlot were quoted in the range of $230-$232/cwt. Fed cattle prices were relatively unchanged from 30 days earlier. Market-ready supplies are down from a year ago on both sides […] Read more
A soybean field north of St. Adolphe, Man. on Sept. 17, 2023. (Dave Bedard photo)
Crops, Markets

CBOT weekly outlook: Funds getting out of soybeans

Potential for U.S. government shutdown a concern

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MarketsFarm — While corn and wheat prices on the Chicago Board of Trade (CBOT) stayed fairly steady during the week ended Wednesday, soybean prices steadily declined. The November soybean contract dropped 30 cents per bushel from one week ago to close Wednesday at $13.1975/bu. (all figures US$). During the same week, December corn only lost […] Read more
(File photo)
Livestock, Markets, Poultry/Eggs, Reuters

‘Shocking’ farm videos barred at egg-price antitrust trial in Chicago

Food firms sought to show animal care claims not genuine

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Reuters — A U.S. judge has barred Kraft, Kellogg and other major food producers from showing what the court called “shocking” and “heart-wrenching” videos of conditions inside certain hen houses at an upcoming antitrust trial against egg producers and marketers. In a ruling on Tuesday, U.S. District Judge Steven Seeger in Chicago said the risk […] Read more
(Christophe Paul photo courtesy USDA)
Crops, Markets

USDA adjusts soy, corn outlooks in September report

U.S. wheat usage, carryout estimates shift

By
MarketsFarm — The U.S. Department of Agriculture made a number of slight changes to its forecast on soybeans and corn for 2023-24, while keeping its domestic wheat numbers from August. USDA on Tuesday issued its monthly world agricultural supply and demand estimates, adjusting its forecast on this year’s soybean yields at 50.1 bushels per acre, […] Read more
(Bhofack2/iStock/Getty Images)
Crops, Markets, Reuters

U.S. food companies go deal hunting as pandemic growth fades

Twinkies maker Hostess exploring a sale

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Reuters — U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of price hikes start to taper off. Last month, Campbell Soup struck a $2.7 billion deal for Rao’s sauce maker Sovos Brands (all figures US$). Unilever bought […] Read more

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