Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Tuesday, rebounding from earlier losses on technical buying and bargain hunting even as autumn harvests advanced more quickly than usual under dry weather conditions. Corn jumped from a five-week low and soybeans gained for the first time in five sessions. Wheat bounced from […] Read more
U.S. grains: Corn up on bargain buying after five-week low
Feed: Frost pressures Australian barley
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Tuesday, Oct. 20. • The Grains Industry of Western Australia is predicting the area will harvest a 3.19 million-tonne barley crop in 2015-16. However, some recent frosts are casting questions on whether that mark will be reached. • […] Read more
Global markets: Canada’s federal election, Russia’s economy
CNS Canada — The following is a glance at the news moving markets globally. CANADIAN FEDERAL ELECTION — Liberal leader Justin Trudeau won a majority government last night, despite being in third place at the start of a marathon 78-day campaign. Up next, the new prime minister must form a cabinet, and decide whether or […] Read more
Binkley: Speculation swirls on Grits’ successor for Ritz
The guessing game on whom the next agriculture minister will be is well underway in Ottawa although no obvious choice stands out. Whoever Justin Trudeau selects will find Gerry Ritz a tough act to follow. During his eight years in the portfolio, he has put an increasing production and export stamp on the industry. And […] Read more
Most of farm file’s handlers to return to Commons
Most federal parliamentarians with experience in the agriculture and agri-food portfolio will be back in the House of Commons under a new majority Liberal government. As of Tuesday morning, prime minister-elect Justin Trudeau’s Liberals were elected or leading in 184 of 338 seats, for a decisive majority following Monday’s federal election. Stephen Harper’s Conservatives return […] Read more
Feed: El Nino pressures barley crop down under
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Monday, Oct. 19. • CBOT corn futures were down by two to three cents per bushel at midday Monday, as harvest pressure in the U.S. and improving corn conditions in the Black Sea region weighed on prices. • […] Read more
U.S. grains: Wheat hits four-week low as relieving rains forecast
Chicago | Reuters –– U.S. wheat futures fell to the lowest levels in about a month while corn and soybeans also eased on Monday, pressured by forecasts for crop-friendly rains and plentiful global supplies, traders and analysts said. Showers this week were likely to benefit parched wheat fields in Russia and the southern U.S. Plains […] Read more
Suits stack up over alleged Roundup cancer link
Reuters — Personal injury law firms around the U.S. are lining up plaintiffs for what they say could be “mass tort” actions against agrichemical giant Monsanto that claim the company’s Roundup herbicide has caused cancer in farm workers and others exposed to the chemical. The latest lawsuit was filed Wednesday in Delaware Superior Court by three […] Read more
U.S. EPA launches probe into benefits of biofuels program
Chicago | Reuters — The U.S. Environmental Protection Agency’s in-house investigators have launched a review of the environmental benefits stemming from the country’s decade-old program requiring the use of corn-based ethanol in gasoline. The investigation, to be conducted by the Inspector General for EPA, will examine whether the agency has complied with reporting requirements and […] Read more
U.S. grains: Wheat falls below $5 on global supply, forecasts
Chicago | Reuters –– Chicago Board of Trade wheat futures fell roughly two per cent on Friday, dropping below US$5 a bushel amid plentiful global supplies and forecasts for timely rains in the U.S. Plains, analysts said. Corn firmed after hitting a one-month low ahead of a busy U.S. harvest weekend. Soybean futures fell on […] Read more
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