Chicago | Reuters –– U.S. grain futures retreated from their highest prices in more than two months on Wednesday under pressure from advancing U.S. harvests and profit-taking ahead of key crop reports. Declines in corn snapped a four-day rally that was fuelled by expectations the U.S. Department of Agriculture will trim its production estimates in […] Read more
U.S. grains: Profit-taking, advancing harvests snap rallies
U.S. grains: Corn tops two-month high
Chicago | Reuters –– U.S. corn futures climbed to their highest in more than two months on Tuesday as traders predicted the U.S. will cut its production estimate in a crop report due out Friday. The U.S. Department of Agriculture, in the monthly report, may reduce its estimates for the average corn yield and for […] Read more
Think Europe’s halting GMOs? It could be heading for more
Paris | Reuters — The large number of European countries opposing GMO cultivation may have given the impression the bloc is putting a brake on GMOs, but with new crops queuing for approval and key countries leaving the door open, output is more likely to grow than wane. Nineteen out of 28 EU member states […] Read more
U.S. grains: Prices rise on technicals, positioning before reports
Chicago | Reuters –– U.S. grain and soybean futures strengthened on Monday as technical buying and positioning ahead of U.S. crop reports overshadowed concerns about poor export demand. Soybean oil neared a two-month high. Traders were adjusting positions in the markets before the U.S. Department of Agriculture (USDA) issues reports on crop production, supplies and […] Read more
PotashCorp withdraws takeover bid for K+S
New York/Frankfurt | Reuters –– PotashCorp said Monday it had withdrawn its 7.9 billion euro (C$11.6 billion) offer for German potash producer K+S, citing a decline in global commodity and equity markets and a lack of engagement by K+S management. K+S shares dropped 24 per cent after Potash announced its decision in a statement, wiping […] Read more
Election shifts attention to trade deal as race narrows
Ottawa | Reuters –– Trailing in second place with two weeks left before Canada’s election, Conservative Prime Minister Stephen Harper announced a new trade deal Monday that largely protects the key agricultural voting bloc, putting pressure on opponents who had hoped to have more to attack. Harper touted the Trans-Pacific Partnership as a good deal […] Read more
PEDv may have entered U.S. on ‘reusable’ feed bags
Chicago | Reuters — The porcine epidemic diarrhea virus (PEDv) that killed millions of U.S. pigs over the past two years may have entered the country on large bags typically used to transport feed and other bulk products, the U.S. Department of Agriculture said. The report, dated Sept. 24 and released Wednesday, said the agency […] Read more
Pearce: Ontario’s EFP program takes next step
Next year it will have been 25 years since Ontario introduced the Environmental Farm Plan (EFP) for farms, and leading up to that anniversary, it’s worth noting more than 38,000 farm families have participated. In spite of some growing pains in the late 1990s, the EFP has grown to provide the Ontario agri-food industry with […] Read more
Pacific trade ministers extend talks through Saturday
Atlanta | Reuters — Pacific trade ministers are extending talks on a free trade deal between a dozen nations through Saturday in a bid to reach a final agreement, representatives from Japan and Mexico said Thursday. Japanese Economy Minister Akira Amari said the extension on Trans-Pacific Partnership (TPP) talks in Atlanta showed ministers thought there […] Read more
NDP would not feel bound by Pacific trade deal
Ottawa | Reuters — Canada’s main opposition party said Friday that if it won an Oct. 19 election, it would not feel bound by the terms of a major Pacific trade deal the ruling Conservatives are negotiating in the United States. The New Democrats, currently trailing third in the polls, said in a letter to […] Read more
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