CNS Canada, Oct. 16 — The following is a glance at the news moving markets globally. KENYA PROMPTED TO CUT EXPENDITURE BY IMF AND WORLD BANK – The World Bank and International Monetary Fund advised the Kenyan government to stop spending on non-priority projects. The country’s treasury has been borrowing shillings at a high interest […] Read more
Global markets: Kenya prompted to cut back on spending
Feed: Ukraine, U.S. corn harvest advancing
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Friday, Oct. 16. • CBOT corn futures were posting small losses at midday Friday, with the December contract quoted at US$3.74 per bushel, as the advancing U.S. harvest and relatively favourable yield reports weighed on values. • Ukraine […] Read more
Rivals see local battles, not global war, with new beer giant
Copenhagen/Brussels | Reuters — The prospect of a new competitor that produces one third of an entire industry’s output would normally terrify rival companies, but brewing is different. The very local nature of lagers and ales, and the fact that a price war is seen as unlikely, mean global market leader Anheuser-Busch InBev’s imminent takeover […] Read more
U.S. grains: Corn at three-week low, soy sags on harvest pressure
Chicago | Reuters –– U.S. corn futures fell to the lowest in more than three weeks and soybeans also eased, pressured by the ongoing Midwest harvest, while wheat fell one per cent in subdued trading on Thursday. At the Chicago Board of Trade, December corn settled down 3-1/2 cents at $3.75-1/2 per bushel after dipping […] Read more
Feed: Australian drought hurts grain production
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Thursday, Oct. 15. • CBOT corn futures were posting small losses at midday Thursday, with the December contract quoted at US$3.77 per bushel, as the advancing U.S. harvest and relatively favourable yield reports weighed on values. • Drought […] Read more
Global markets: Mine shutdowns, U.S. jobless claims
CNS Canada — The following is a glance at news moving markets globally. BHP EXECUTIVE SAYS SHUTTING MINES WON’T AFFECT PRICES – An executive from BHP Billiton Ltd., a multinational mining, metals and petroleum company, said mines being shut down will not affect commodity prices-like copper-because the mines being shut are not profitable. Some analysts […] Read more
U.S. grains: Wheat falls on technical selling, rainy forecasts
Chicago | Reuters –– U.S. soft red wheat futures fell two per cent on Wednesday on profit-taking coupled with forecasts for beneficial rains next week in parts of the southern Plains and the Black Sea region, analysts said. Corn fell in sympathy with wheat and amid U.S. harvest progress while soybeans drifted lower, one day […] Read more
CBOT weekly outlook: Corn, soy move on weather, interest from China
CNS Canada –– It’s a game of follow-the-leader in corn and soybean markets at the Chicago Board of Trade, according to one analyst — and short-term, neither looks especially bullish. “Beans have been the leader, corn is the follower, because we’re getting into the teeth of harvest,” said Scott Capinegro, senior broker for HighGround Trading […] Read more
Hog supplies grow as U.S. hog weights rise seasonally
Chicago | Reuters –– U.S. hog weights have risen three times in as many weeks, likely confirming the onset of increasing hog numbers through the rest of the year, according to a university economist. Affordable feed and cooler weather in the Midwest are allowing hogs to grow faster, coinciding with plentiful supplies as the industry […] Read more
Feed: Russia may plant more feed, U.K. less
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Wednesday, Oct. 14. • CBOT corn futures were down by two to three cents per bushel (US$) at midday Wednesday, as the advancing U.S. harvest and relatively favourable yield reports weighed on values. • Barley futures on India’s […] Read more
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