Crops
CNS Canada — Despite short-term bullish factors in Chicago Board of Trade (CBOT) corn and soybeans, one analyst anticipates prices will be pressured in coming weeks. To start the week, a turnaround in crude oil markets supported prices, said Terry Reilly, senior commodity analyst at Futures International. Rebounds in Malaysian palm oil prices are also […] Read more
CBOT weekly outlook: Corn, soy trade up, but fundamentals bearish
ICE weekly outlook: Canola weak, but finding support
CNS Canada — ICE Futures Canada canola contracts posted losses in most months during the week ended Wednesday, though the market uncovered some support to the downside and finds itself well off its nearby lows. The larger-than-expected old-crop stocks uncovered by Statistics Canada in its September 3 report remain a bearish influence overhanging the market. […] Read more
U.S. grains: Soy drops on stable crop ratings, poor export demand
Chicago | Reuters –– U.S. soybean futures dipped on Wednesday on better-than-expected U.S. crop ratings and concerns about sluggish export demand. Wheat futures also declined, while corn traded near unchanged. Soybeans pulled back after rising on Tuesday on expectations that the U.S. Agriculture Department would cut its condition ratings for the crop in a weekly […] Read more
Glencore to rein in debt as commodity slump persists
Reuters — Mining and trading company Glencore acknowledged on Monday the severity of the global commodity market slump as it suspended dividends and said it would sell assets and new shares to cut heavy debts built up through years of rapid expansion. The London-listed company came under pressure to cut its net debt of US$30 […] Read more
B+G to buy Green Giant frozen foods business
Reuters — Snack food company B+G Foods said it would buy General Mills’ Green Giant frozen foods and Le Sueur canned vegetables brands for about US$765 million to expand its distribution network and enter the frozen foods market. Growth in the frozen vegetables category has been sluggish in recent years as consumers shift to fresher […] Read more
Manitoba’s winter wheat seeding stalled
CNS Canada — Manitoba winter wheat seeding is underway, but farmers are facing some complications in areas where other crops aren’t out of the ground yet. Winter wheat seeding traditionally takes place from Aug. 15 to Sept. 15. “But it’s been a bit tricky this year,” said Jake Davidson, executive director at Winter Cereals Canada. […] Read more
PotashCorp reported preparing to make hostile K+S bid
Reuters — PotashCorp is prepared to launch a hostile takeover offer for German potash mining rival K+S under certain conditions, German newspaper Handelsblatt reported Tuesday. Handelsblatt cited financial sources as saying Saskatoon-based PotashCorp had talked to brokerages in Canada about such plans. PotashCorp declined to comment. K+S shares jumped as much as 10.3 per cent […] Read more
Province creates online listings for alternative feed uses
Reading Time: < 1 minute In response to numerous calls to the Alberta Agriculture and Forestry’s Ag-Info Centre about options for alternative use of crops, a new category has been created under hay and pasture listings on the department’s web page. “Called Standing Annual Crop, the new category gives producers the option to list their crops for alternative uses so […] Read more
Canola cash basis levels weaken as harvest rolls along
CNS Canada –– The cash market for Canadian canola continues to soften, with one commodity analyst pegging its range at $20-$30 under the price being paid for the near-term (November) contract. Last week’s bearish report from Statistics Canada put a damper on already-weak trade between farmers and companies, according to Errol Anderson, president of ProMarket […] Read more
Hard-luck Prairie farmers may get late-season weather break
Winnipeg | Reuters –– Farmers in Western Canada, whose crops have been battered this year by drought and hail, may be in line for a break in the weather as they bring in the harvest. Temperatures are forecast to remain above freezing for more than a week, delaying the first significant harvest frost later than […] Read more