Crops
CNS Canada — Statistics Canada released its first survey-based production estimates for the 2015-16 crop year Friday morning, with canola and wheat figures coming in at the lower end of expectations. But the grain trade is shrugging off the report, as it believes final production numbers for most crops will be larger than what Statistics […] Read more
StatsCan production estimates ‘too low’ for canola, wheat
Ardent to buy major Ontario soft wheat mill
The owner of Canada’s Robin Hood flour mills is poised to buy the biggest soft wheat milling operation in the country. Ardent Mills, the joint North American flour venture of agrifood giants Cargill, CHS Inc. and ConAgra, announced Thursday it will buy the former Kraft Milling operation in Mississauga, Ont. from Mondelez Canada for an […] Read more
U.S. grains: Soybeans bounce from six-year low
Chicago | Reuters — U.S. soybean futures rebounded from near six-year lows on Thursday in a short-covering bounce and as weekly government data showed solid soybean and soymeal export sales last week. Corn edged higher, hovering close to last session’s one-week peak after field reports from an annual crop tour suggested the country’s output may […] Read more
ICE weekly outlook: Further weakness in store for canola
CNS Canada –– The ICE Futures Canada canola market moved lower during the week ended Wednesday, breaking below the key support level of C$480 per tonne in the November contract. With the technical bias pointed lower, further weakness is expected to be in store for the commodity. “I think the ideas in the trade are […] Read more
Ships’ sailing season starts soon at Churchill
CNS Canada –– Manitoba’s Port of Churchill is almost ready to start moving grain this season, as ships are expected to go out within the next 10 days, the port’s operator said. “The elevator is starting to fill up and the rail cars are lining up for delivery on time. We’ve got ships predicted to […] Read more
Ex-Viterra chief to take Ontario’s Hydro One public
The chief executive who morphed Saskatchewan Wheat Pool from a debt-crushed grain handler into Viterra, then oversaw its sale to Glencore, has been tapped to take Ontario’s Crown-owned power utility public. Toronto-based Hydro One on Thursday announced Mayo Schmidt as its new president and CEO effective Sept. 3, replacing Carmine Marcello. “We believe that Mr. […] Read more
CBOT weekly outlook: Soy bearish, corn bullish ahead of tour results
CNS Canada — Chicago Board of Trade (CBOT) corn and soybean traders are eagerly awaiting the results of a multi-state crop tour, while concerns over Chinese demand are also overhanging the markets. The Pro Farmer Midwest Crop Tour’s full results are due to be released Friday. So far the tour has been bullish for corn, […] Read more
Trade expects mostly smaller crops in StatsCan report
CNS Canada –– Statistics Canada will release its first survey-based Canadian crop production estimates for 2015-16 on Friday, and figures for most major crops are expected to be down compared to last year. Yields are likely to be all over the map as weather conditions varied vastly from region to region during the growing season. […] Read more
Scientists seek review of glyphosate, allege ‘flawed’ regulations
Reuters — U.S. regulators have relied on flawed and outdated research to allow expanded use of an herbicide linked to cancer, and new assessments should be urgently conducted, according to a column published in the New England Journal of Medicine on Wednesday. There are two key factors that necessitate regulatory action to protect human health, […] Read more
U.S. grains: Soybeans drop to near six-year low on rains
Chicago | Reuters –– U.S. soybean futures fell to multi-year lows on Wednesday in a broad-based commodities selloff and as widespread rains in the U.S. Midwest were expected to boost yields. Wheat hit lows for several contract months, pressured by sluggish demand and hefty global supplies, but ended above session lows. Corn, however, notched modest […] Read more