CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Tuesday, Oct. 13. • CBOT corn futures were up by three to four cents per bushel on Tuesday, as a rally in the neighbouring soybean market provided support. However, the advancing U.S. harvest and improving yield prospects kept […] Read more
Feed: Corn edges up, world supplies tighten
U.S. grains: Soybeans top US$9 on Chinese demand
Chicago | Reuters –– U.S. soybean futures traded at the highest levels in nearly two months, topping US$9 a bushel on fresh export demand from top buyer China and global weather worries, analysts said. Wheat and corn also climbed, with wheat up more than two per cent after a four-session slide. At the Chicago Board […] Read more
Labatt’s owner wins over SABMiller at fifth attempt
Brussels/London | Reuters –– The world’s two biggest brewers agreed on Tuesday to create a company making almost a third of the world’s beer after SABMiller received an improved offer worth more than C$130 billion from larger rival Anheuser-Busch InBev. If it goes through, the deal would rank in the top five mergers in corporate […] Read more
EU lawmakers reject bill allowing opt-out from GM crop imports
Brussels | Reuters –– European lawmakers rejected a proposal Tuesday that would have allowed countries to restrict or ban the use of imported GM crops that have secured EU approval. The environment committee of the European Parliament rejected the draft law by 47 votes to three, many arguing that the proposal was unworkable and would […] Read more
U.S. grains: Corn to two-week low as U.S. harvest ramps up
Chicago | Reuters — U.S. corn futures fell to a two-week low on Monday on expectations of strong harvest progress in the Midwest and inter-market spreading against soybeans, traders said. Soybean futures closed firm on follow-through buying after a smaller-than-expected U.S. government crop estimate last week but pared gains by the close. Wheat posted modest […] Read more
Labatt owner ups offer for SABMiller as deadline looms
Reuters — Anheuser-Busch InBev raised its proposed takeover offer for SABMiller on Monday, as the world’s largest brewer tries to win over its smaller rival to the idea of creating a giant that would make nearly a third of the world’s beer. The owner of the Budweiser, Labatt and Alexander Keith’s brands said it would […] Read more
U.S. grains: Soy jumps on USDA’s surprising cut in acres
Chicago | Reuters — U.S. soybean futures jumped to a one-week high on Friday after the U.S. Department of Agriculture lowered its domestic production estimate more than analysts had expected. Corn futures touched a two-week low on bigger-than-expected U.S. production and inventory estimates in the agency’s monthly crop reports. USDA surprised traders in both markets […] Read more
Global markets: Commodity index jumps, Fed releases minutes
CNS Canada –– The following is a glance at the news moving markets globally. COMMODITY INDEX SEES BIGGEST WEEKLY ADVANCE SINCE 2012 — The Bloomberg Commodities Index advanced 3.9 per cent over the course of the week, led by a ten per cent increase in zinc prices. Zinc prices were buoyed by an announcement from […] Read more
Feed: Corn awaiting USDA, Sask. barley yields near average
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Friday, Oct. 9. • CBOT corn futures were posting small gains Friday morning, but were holding rangebound overall as traders were squaring positions ahead of the U.S. Department of Agriculture’s monthly supply/demand report due out later in the […] Read more
Manitoba hail, reseed damage claims above average
CNS Canada –– Farmers have seen more weather-related hardships this year than normal, made evident by an above-average amount of hail and reseed damage claims. Summer hail and frost at the end of June and the beginning of July took a toll on crops, leading to insurance claims above the five-year average. Manitoba Agricultural Service […] Read more
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