USDA to restart U.S. oilseed crush reports in 2015 — September 30, 2014

Reuters — The U.S. Department of Agriculture is taking over a series of industrial grain and oilseed reports discontinued in 2011 by the U.S. Census Bureau, but USDA will not begin publishing data until 2015, a spokesman said Monday. The reports being relaunched include statistics for the dry and wet alcohol milling and flour milling […]

Fertilizer maker Mosaic cuts phosphate output — September 30, 2014

Reuters — Mosaic Co., the world’s largest maker of finished phosphate products, said Tuesday it will reduce phosphate output, and it dampened sales expectations. The U.S. fertilizer producer said the curtailment, due to the high costs of raw materials sulfur and ammonia, is not expected to result in worker layoffs. The reduction comes as corn […]

EU farmers to get more aid to deal with Russian food ban — September 30, 2014

Brussels | Reuters – The European Commission on Tuesday announced a new set of measures, worth up to 165 million euros, to help fruit and vegetable producers hit by a Russian ban on agricultural imports. Last month Moscow imposed a one-year embargo on meat, fish, dairy, fruit and vegetables from the U.S., the European Union, […]

ADM expands U.S. Pacific Northwest venture with Marubeni — September 30, 2014

Reuters — U.S. agribusiness company Archer Daniels Midland said Tuesday it has acquired a stake in Portland, Oregon export terminal Columbia Grain by expanding its Kalama Export Co. joint venture with Japanese grain trader Marubeni. The stake in Columbia Grain, previously a wholly owned subsidiary of Marubeni, broadens ADM’s export capacity in the U.S. Pacific […]

Land values still rising, but at slower pace, Re/Max says — September 30, 2014

Severe weather and slipping crop prices haven’t yet dragged down Canada’s agricultural real estate values, which overall continue to rise, but at a relatively slower pace, according to Re/Max. The international real estate organization on Tuesday released its annual Farm Report, which follows 20 distinct ag real estate markets across the country. Prices in most […]

U.S. livestock: Profit-taking undercuts CME live cattle — September 30, 2014

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed lower Tuesday, pressured by profit-taking and fund selling on the final trading day for the quarter, traders and analysts said. October live cattle closed down 0.5 cent per pound to 160.45 cents, and December one cent lower at 163.475 cents (all figures US$). Despite […]

Ont. farmers to get tax credit for donated food — September 30, 2014

Ontario farmers who donate products or livestock to community food programs such as food banks and school nutrition programs can now expect an income tax credit in return. The province on Monday unveiled its Food Donation Tax Credit for Farmers, which it bills as the only one of its kind so far in Canada. Farmer […]

Prairie CWRS bids up with improving basis — September 29, 2014

CNS Canada – Average cash bids for Canada Western Red Spring (CWRS) wheat were firmer across Western Canada during the week ended Friday, lifted by improving basis levels in many areas as quality problems and slow harvest progress remain a concern for the Canadian spring wheat crop. The highest CWRS prices were still available in […]

U.S. livestock: CME live cattle end higher, pare early losses — September 29, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Monday, erasing early-session losses as they gained on short-covering and fund buying before the end of the quarter on Tuesday, traders and analysts said. October live cattle closed up 2.5 cents per pound at 160.95 cents, and December was 2.375 cents […]