CP meeting federal grain shipment targets — September 18, 2014

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Reuters — Canadian Pacific Railway (CP) has met the minimum weekly grain volumes mandated by the federal government, the railway said Thursday, a day after Transport Canada said it would fine Canadian National Railway (CN) for falling short. CP spokeswoman Breanne Feigel said in an email that the railway had cleared the minimum volumes to […]


U.S. livestock: Weak cash price outlook drops CME live cattle — September 18, 2014

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Chicago | Reuters — Chicago Mercantile Exchange live cattle settled lower on Thursday in anticipation of packers spending less for market-ready, or cash, cattle this week, traders said. October live cattle futures finished 1.425 cents per pound lower at 155.6 cents, and December at 158.925 cents down 1.075 cents (all figures US$). Processors may cut […]


U.S. grains: Soybeans, wheat fall to lowest since 2010 — September 18, 2014

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Chicago | Reuters — U.S. soybean futures fell 1.1 per cent to their lowest in more than four years on Thursday as farmers resumed harvesting in parts of the U.S. Midwest as fields began to dry out, traders said. Wheat and corn futures fell too, with wheat also hitting its lowest since July 2010, due […]


Incoming Alta. premier taps ex-MPs to push for market access — September 18, 2014

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Boosting market access for Alberta’s agricultural wares and other exports is expected to loom large on the new provincial premier’s radar. Jim Prentice, sworn in Monday as premier, kept Wetaskiwin-Camrose MLA Verlyn Olson as his minister of agriculture and rural development, and reappointed Jason Krips as deputy minister for the department. Prentice, in his mandate […]


Dow’s Enlist corn, soybeans face hurdles despite USDA approval — September 18, 2014

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Reuters — U.S. approval of Dow AgroSciences’ new genetically-modified corn and soybeans takes the agricultural giant a step closer to its “most important” product launch ever, but a series of hurdles remain, the company said Thursday. “We sure are aware of the concerns that have been expressed,” said Dow AgroSciences president Tim Hassinger in an […]


Russia demands changes to Ukraine-EU trade deal — September 18, 2014

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Brussels | Reuters – Russia has demanded changes to a free-trade deal between Ukraine and the European Union, underlining that Moscow was not satisfied by a last-minute concession from the EU to delay implementing the pact at the heart of the conflict in Ukraine. In a letter to the EU trade commissioner, seen by Reuters […]


Syngenta faces second suit over GM corn China rejected — September 18, 2014

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Chicago | Reuters — A second company has sued Syngenta over sales of genetically modified corn seed not approved by China, raising the stakes for the Swiss-based seed maker by including byproducts used for animal feed in its complaint and seeking class-action status. Trans Coastal Supply Co., a major exporter of livestock feed products, said […]


CBOT soybeans, corn haven’t bottomed yet — September 17, 2014

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CNS Canada – Corn and soybean futures on the Chicago Board of Trade continued to drift lower during the week ended Wednesday, but haven’t bottomed yet. Terry Reilly, an analyst with Futures International in Chicago, said corn prices have another 40 cents per bushel to go before bottoming around the $3 per bushel range (all […]


PotashCorp may raise 2015 potash output — September 17, 2014

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Reuters — Saskatchewan’s PotashCorp, the world’s second-biggest potash producer, is recalling workers at some of its Canadian mines as it gears up for a possible rise in production in 2015, a senior executive said Wednesday. The company cut its workforce by 18 per cent in December, including about 570 workers in potash operations. [Related story] […]


ICE weekly outlook: Canola still pointed lower — September 17, 2014

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CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, and could be due for some more weakness as the Canadian harvest picks up and large U.S. soybean production prospects weigh on oilseeds in general. With expectations for a record-large U.S. soybean crop, there has been a dramatic change in […]