Crops
Reuters — U.S. soybean prices dropped on Wednesday on concern that interest rate cuts in China may not be enough to stimulate growth in the key importer. Corn slipped on technical selling, and Chicago wheat lost ground on concerns about export competition as the dollar rose, traders said. Chicago Board of Trade (CBOT) November soybeans […] Read more
U.S. grains: Soybeans slide as concern about Chinese growth persists
Monsanto no longer pursuing Syngenta
Reuters — U.S. agribusiness leader Monsanto on Wednesday abandoned pursuit of Swiss rival Syngenta, which had rejected a recently sweetened US$47 billion offer. Syngenta shares fell more than 18 per cent on the news, while Monsanto shares jumped more than seven per cent. The Swiss agrichemicals group said its board unanimously rejected the offer, which it […] Read more
Rain in Sask., Man. stalls harvest, causes crop damage
CNS Canada — Rain in Manitoba and Saskatchewan has stalled harvest and caused crop damage, but moving forward, conditions should improve, two industry specialists predict. Shannon Friesen, a regional crops specialist with Saskatchewan Agriculture in Moose Jaw, said recent rains have delayed harvest and stalled maturity in some crops. Producers have found peas and canola […] Read more
Canola basis levels seen hanging steady
CNS Canada — Despite a turbulent start to the week for most commodities due to China’s stock market crash, basis levels for canola remain relatively attractive in Manitoba and much of the Prairies, according to an industry watcher. Canola growers have been receiving cash prices of roughly $10.50 in Manitoba and parts of Saskatchewan, said […] Read more
Higher-quality wheat likely in store for Prairies
CNS Canada –– Western Canadian farmers are seeing higher-quality wheat crops this year, which would help meet pent-up demand for quality within the market. However, producers might not reap the rewards as much as they would like, one market analyst warns. Wheat buyers will be looking for better-quality and higher-protein wheat, since Canada disappointed on […] Read more
U.S. regulator sued for withholding information on GMOs
Reuters — A food safety advocacy group sued an arm of the U.S. Department of Agriculture on Tuesday, saying it illegally withheld public information on genetically engineered crops. The lawsuit, brought by the Center for Food Safety (CFS) against USDA’s Animal and Plant Health Inspection Service (APHIS), claims the regulator has routinely failed to respond […] Read more
U.S. grains: Soybeans bounce off six-year-low on bargain buying
Winnipeg | Reuters — U.S. soybeans rebounded on Tuesday off a more than six-year low, helped by China’s decision to cut interest rates, although fears of a cooling economy in the world’s largest buyer of the oilseed kept gains in check. Bargain buying and a bounce in other commodities, such as crude oil, nudged soybeans […] Read more
YOUTH AG-SUMMIT: Food challenges in focus
Feeding the nine billion-plus people expected to be living on our planet by 2050, from a land base that’s not expected to get any bigger, is the question posed to young “thought leaders” at this year’s Youth Ag-Summit. Grainews and Country Guide field editor Lisa Guenther is in Canberra this week for the event, hosted […] Read more
Prairie cash wheat bids mixed
CNS Canada –– Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were steady to slightly lower during the week ended Friday, while Canada Prairie Spring Red (CPSR) bids were mixed. Average CWRS wheat prices were steady to C$3 per tonne lower across the three Prairie provinces, according to price quotes from a cross-section […] Read more
Farmers in soy powerhouse Argentina start five-day sales strike
Buenos Aires | Reuters — Argentine farmers started a five-day crop sales strike on Monday, part of an election-year push in the world’s No. 3 soybean exporter to change policies that they say have killed profits under outgoing President Cristina Fernandez. The country is the biggest international supplier of soybean livestock feed, which has helped […] Read more