CNS Canada — Western Canadian cash hog prices have been trending higher as supplies tighten and demand increases moving into the summer, two Prairie analysts say. “A lot of that has to do with lower slaughter numbers, higher pork cutout values,” said Brad Marceniuk, a livestock economist with the Saskatchewan government in Saskatoon. Hog numbers […] Read more
Pork prices gain on seasonal demand, tighter numbers
EU crop chem firm takes stake in Engage Agro
A Belgian crop protection firm may bring some of its products to Canada’s vegetable, vine and corn markets as it moves to take a minority stake in Canadian crop chemical distributor Engage Agro. Belchim Crop Protection announced last week it will take a “significant” but undisclosed minority stake in Guelph-based Engage Agro for an undisclosed […] Read more
U.S. grains: Wheat, soy tumble on profit-taking
Chicago | Reuters — U.S. wheat, soybeans and corn plunged on Friday, with wheat posting its largest daily declines in three years as investors locked in profits after huge gains earlier this week, and extended weather outlooks were seen as beneficial for crops. Chicago Board of Trade wheat shed six per cent, but still managed […] Read more
Ontario court rejects grower appeal on neonic rules
The group representing Ontario’s corn and soybean growers, seeking a stay on the province’s new restrictions for use of neonicotinoid seed treatments, won’t get its wish from the provincial Court of Appeal. The appeal court on Wednesday dismissed a March 9 application from Grain Farmers of Ontario (GFO) seeking an interpretation of the province’s new […] Read more
U.S. grains: Soybeans hit eight-month high
Chicago | Reuters — U.S. soybeans surged to the highest levels in eight months on Thursday on technical buying and bull-spreading as investors eyed outlooks for lower output due to rains in Argentina. Corn and wheat futures tumbled more than two per cent in a profit-taking setback at the Chicago Board of Trade, with volumes […] Read more
CBOT weekly outlook: Corn, soy expected to correct lower
CNS Canada — Corn and soybean futures at the Chicago Board of Trade are both likely to correct lower after sharp gains on the week, according to one U.S. analyst. Corn prices are slightly overdone, and will likely decline in coming sessions, said Terry Reilly of Futures International. Reilly said he expects prices to correct […] Read more
U.S. grains: Soybeans extend gains on fund buying
Chicago | Reuters — U.S. soybeans shrugged off early losses to surge two per cent on Wednesday, hitting new eight-month highs and extending the gains of a dramatic April rally linked to investment fund buying and rain-related delays in Argentina’s harvest. Chicago Board of Trade soybeans reached the psychological threshold of $10 per bushel for […] Read more
Manitoba ag minister unseated in Tory sweep
Manitoba’s incumbent agriculture minister was among the casualties in Tuesday’s provincial election as Brian Pallister’s Progressive Conservatives swept the New Democrats from office. Ron Kostyshyn lost his seat Tuesday to Tory candidate Rick Wowchuk, a schoolteacher from Swan River, by a spread of over 1,500 votes. Kostyshyn, a cow-calf producer from Ethelbert, Man., had been […] Read more
U.S. grains: Wheat, soy jump to multi-month highs on fund buying
Chicago | Reuters — U.S. soybean and wheat futures extended gains to multi-month peaks on Tuesday, lifted largely by technical and investment fund buying, traders and analysts said. Corn also rose at the Chicago Board of Trade, with all three agriculture future contracts gaining as part of a broad commodities rally. The dollar declined against […] Read more
Costco plans chicken plant in Nebraska
Reuters — Costco Wholesale Corp. is considering building a poultry-processing plant in Nebraska, according to a local development council, a move that would give the retailer tighter control over its chicken supplies. The facility, if built in Nebraska’s Dodge County, would create 1,100 jobs, work with local chicken farmers and invest $180 million in the […] Read more
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