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: Soybeans resume slide, register big weekly loss
Dairy farmers milk politics of Pacific trade pact
Reuters — New Zealand dairy farmers have a message for their Canadian counterparts, who worry a Pacific trade deal will throw them on the mercy of world markets and devastate their industry: It’s not so bad. But heavily protected Canadian farmers have reason for skepticism. A deadlock over dairy has emerged as one of the […] Read more
U.S. grains: Soybeans, corn dip on disappointing exports, better weather
Winnipeg | Reuters — Soybean and corn futures slipped on Thursday, pressured by disappointing U.S. export sales, forecasts for mostly favorable Midwest weather and technical selling. Chicago Board of Trade (CBOT) wheat rose on better-than-expected export sales. “We had a nice bounce in corn and soybeans, so it’s a technical pullback,” said Arlan Suderman, senior […] Read more
Fertilizer firm CF Industries to buy OCI assets
Reuters — U.S. fertilizer maker CF Industries said on Thursday it will buy OCI NV’s North American and European plants for US$6 billion, making CF the world’s largest publicly-traded nitrogen company. The stock and cash deal comes 10 months after CF’s merger talks with Yara International collapsed. It marks the largest fertilizer M+A deal since […] Read more
U.S. grains: Corn bounces off six-week low prior to crop forecasts
Winnipeg | Reuters — Corn futures edged higher on Tuesday, recovering from a six-week low as bargain-buying and an outlook for drier U.S. weather offset pressure from comfortable global supply. Chicago wheat and nearby soybeans failed to hold earlier gains. Grains were supported by dry conditions in parts of the eastern corn belt, and as […] Read more
Sask. crops get soaked, but may take yield hit
(Reuters) – Two days of rainstorms in Saskatchewan, Canada’s biggest wheat- and canola-growing province, may have done more harm to crops than good, even though farms were parched, a Saskatchewan government official said on Wednesday. Much of the province received rain on Monday and Tuesday, with the capital, Regina, collecting about 90 millimetres (3.5 inches), […] Read more
U.S. grains: Soybeans rise for second day, corn and wheat resume slides
Winnipeg /Reuters – U.S. soybeans rose for a second straight day on Wednesday, recovering some recent losses ahead of a critical development period for the oilseed, while corn and wheat resumed their slides on a favorable U.S. harvest outlook. With soybean yields largely determined in August and questions about the size of planted area, there […] Read more
U.S. grains: Soybeans, wheat, corn bounce after steep losses
Winnipeg/Reuters – Chicago soybean, wheat and corn futures bounced on Tuesday, rising on bargain-buying and short-covering after setting recent lows. Nearby soybeans fell for three straight sessions through Monday, shedding nearly 6 percent as weather improved for crop development across the U.S. Midwest. “We’ve just plain hit (soybeans) hard for the last week or so and […] Read more
Three-hour tornado & Regina’s wettest day ever
Reuters — A tornado spun for several hours through southwestern Manitoba late Monday in a fierce Canadian Prairie storm that caused flash flooding and shredded part of a highway. No injuries or major damage was reported, according to a statement by Environment Canada, federal weather forecaster. “What was just shocking was the duration on the […] Read more
CWB tour pegs wheat at 38.9 bushels
Regina / Reuters —Western Canada spring wheat, durum and canola yields look to fall sharply from last year’s levels, due to hot, dry conditions, leaders of a crop tour said on Friday. The second-annual CWB Market Research Services crop tour pegged spring wheat yield potential in the region at 38.9 bushels per acre on average, down […] Read more
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