CNS Canada — The feed barley market is holding relatively steady in Alberta early in the New Year, but advances are expected looking ahead to the spring. “There has been a fair bit of selling (over the past few weeks) but that hasn’t really pressured prices down any further,” said Jared Seitz of grain brokerage […] Read more
Feed barley market steady, gains expected in spring
U.S. grains: Corn, soybeans close firm; wheat gains muted
Chicago | Reuters –– U.S. soybean and corn futures closed firmer on Tuesday, hitting four-week highs on concerns about rains slowing the early soybean harvest in Brazil and investor hopes of stimulus measures in China, traders said. Chicago Board of Trade wheat futures followed corn and soybeans higher. Traders also cited technical buying in wheat […] Read more
Barge accidents rise on flood-swollen Mississippi River
Chicago | Reuters –– The U.S. Coast Guard temporarily halted shipping traffic on the Mississippi River in New Orleans on Friday after a tow boat struck stationary barges in a fleeting area, marking at least the fifth barge accident this week on the flood-swollen river. High water has severely restricted barge shipping traffic on the […] Read more
U.S. grains: Corn, wheat up on short-covering ahead of long weekend
Chicago | Reuters –– U.S. corn and wheat futures each jumped one per cent or more on Friday, shrugging off earlier losses as investors took profits on bearish short bets ahead of a three-day holiday weekend, traders and analysts said. Soybeans eased at the Chicago Board of Trade, pressured by a steep downturn in soymeal […] Read more
FAO seeks help for drought-ravaged Ethiopia
Rome | Reuters — Ethiopia faces its worst drought in decades, leading the United Nations’ food agency to call on Friday for an emergency cash injection of US$50 million to help the country overcome the crisis. Crop production has fallen up to 90 per cent in some regions and failed completely in the country’s east, […] Read more
Toronto grain firm’s elevator to anchor Winnipeg rail park
Toronto grain trading firm BroadGrain Commodities aims to build some Prairie handling muscle with a new grain terminal and bean plant in Winnipeg’s planned CentrePort rail park. The company, which already operates a pair of elevators in southwestern and eastern Ontario and took over Saskatchewan pulse and special crop processor Lakeside Global Grains in 2011, […] Read more
U.S. grains: Wheat prices fall on hefty supplies
Chicago | Reuters — U.S. wheat fell for the second straight day on Thursday, pressured by technical selling, ample global supplies and lacklustre demand for U.S. shipments and dragged by Paris futures which hit a contract low early in the session. Chicago Board of Trade wheat futures extended declines after Euronext March milling wheat tumbled […] Read more
CBOT weekly outlook: Soybeans see higher-value trading range
CNS Canada — Corn and soybean contracts at the Chicago Board of Trade are both rangebound, but beans are above the major moving averages, according to one analyst, as traders watch outside markets and weather for indications on where to move next. “I’m friendly, but I’m not looking for any explosions,” said Scott Capinegro, senior […] Read more
Syngenta still looking at different tie-ups
Zug | Reuters — Syngenta is in talks about a possible merger and is weighing a number of options, the Swiss agrichemicals group’s chairman said Wednesday. Michel Demare said last month that the crop chemicals and seeds company was in talks with China’s state-owned ChemChina, U.S. seeds giant Monsanto and others. When asked about the […] Read more
U.S. grains: Corn, soy steady on technicals after big gains
Chicago | Reuters — U.S. corn and soybeans edged higher on Wednesday while wheat prices were slightly lower at the Chicago Board of Trade, with all three markets steadying after hitting multi-week peaks in the previous session following a bullish U.S. Department of Agriculture supply report. CBOT March wheat reached a fresh 2-1/2 week high […] Read more
Cyber-Savvy Farmer
