London | Reuters — Extreme weather such as intense storms, droughts and heatwaves will cause more frequent and severe food shortages as the global climate and food supply systems change, British and U.S. experts warned Friday. The pressure on the world’s food supplies is so great, and the increase in extreme weather events so rapid, […] Read more
Severe ‘food shocks’ seen more likely due to extreme weather
Cooler temperatures, precipitation in store for Prairies
CNS Canada — Alberta crops could be put at risk during the last week of September due to cooler weather, but for the most part, a U.S. meteorologist expects average to slightly above-average temperatures for the Prairies during harvest. Farmers will need to monitor temperatures during the last 10 days of September, as there will […] Read more
U.S. grains: Soybeans resume slide, register big weekly loss
Winnipeg | Reuters –– U.S. soybean futures dropped on Friday as favourable rains were expected to move into the U.S. Midwest, finishing with a big weekly loss. An unexpected increase to the U.S. harvest outlook on Wednesday hung over the market, after soybeans, wheat and corn all rebounded in the previous session. Chicago wheat rose […] Read more
U.S. grains: Grains, soy stabilize a day after USDA-led tumble
Chicago | Reuters — U.S. wheat futures rose two per cent on Thursday, recovering after a nearly three per cent drop a day earlier when bearish data in a monthly U.S. government crop report sent grain markets tumbling. Soybean and corn futures staged modest rebounds, one day after the U.S. Department of Agriculture report stunned […] Read more
CBOT weekly outlook: Corn, soybeans face uncertain future
CNS Canada –– Chicago corn and soybeans both suffered heavy losses during the week ended Wednesday, as a supply and demand survey by the U.S. Department of Agriculture projected better-than-expected harvests. The report pegged U.S. corn output at 13.686 billion bushels while soybean output was pegged at 3.916 billion bushels. Both numbers were larger than […] Read more
U.S. grains: Soy, corn tumble after USDA hikes U.S. yield forecasts
Chicago | Reuters –– U.S. soybean futures plunged six per cent and both corn and soybeans briefly fell their respective daily limits on Wednesday after the U.S. Department of Agriculture surprised traders by raising its estimates for domestic corn and soybean crops in a monthly report. Analysts surveyed by Reuters had expected USDA to lower its […] Read more
Kraft Heinz to cut 2,500 jobs in Canada, U.S.
Reuters — Kraft Heinz Co. said it will eliminate 2,500 jobs in the U.S. and Canada, including about 700 at its Chicago-area headquarters. Heinz, backed by Warren Buffett’s Berkshire Hathaway and Brazilian private equity firm 3G Capital — known as an aggressive cost-cutter — combined with Kraft in March in a $46 billion deal that […] Read more
USDA sees bumper corn, soy crops despite floods
Washington | Reuters –– U.S. corn and soybean harvests were pegged above expectations this year as strong yields in areas west of the Mississippi River will make up for problems caused by excessive rains in eastern production states, the government said Wednesday. The U.S. Department of Agriculture forecast the 2015-16 soybean harvest at 3.916 billion […] Read more
U.S. grains: Corn follows broad weakness as crop ratings stabilize
Chicago | Reuters –– U.S. corn and soybean futures fell on Tuesday from two-week highs as stable crop ratings eased concerns about dry Midwest weather, while China’s devaluation of the yuan led to broad weakness in commodity markets. Wheat also slipped, one day after rallying in step with corn and soybeans despite signs of large […] Read more
Klassen: Softer fed cattle market weighs on feeder prices
Western Canadian feeder cattle traded at similar levels to seven days earlier on very light volumes and little buying interest. Most auction barns were closed and cattle buyers are on holidays, so drawing market information is like the young cowboy at the high school dance — his mind is anywhere but on the markets. Limited […] Read more
Cyber-Savvy Farmer
