Crops
Chicago | Reuters — U.S. soybeans ended lower on Friday as a jump in the dollar on strong employment data spurred technical selling, traders said. Additionally, forecasts of record soybean production in South America hung over prices. Corn and wheat closed slightly firmer on a pre-weekend short covering bounce. Wheat was underpinned by a pickup […] Read more
U.S. grains: Soybeans fall as dollar rises on jobs data
Starbucks eyes coconuts as non-dairy, non-soy demand soars
Reuters — Starbucks Corp. said on Wednesday its 12,123 U.S. shops would begin offering coconut milk on Feb. 17, as it seeks to keep pace with soaring demand for non-dairy and non-soy milk alternatives. Starbucks began offering soy milk in 1997. Consumer tastes have since evolved, driving strong demand for other non-dairy alternatives made from […] Read more
Farm group calls for more research dollars
The Alberta Federation of Agriculture wants the province to reinstate the cancelled Agriculture and Food Innovation Endowment fund
Reading Time: 2 minutes Plummeting oil revenues are blowing a big hole in the provincial budget, but the Alberta Federation of Agriculture says that’s all the more reason to increase funding for ag research. Attendees at the group’s annual general meeting last month passed a resolution calling on the province to increase, rather than cut, ag research funding, and […] Read more
Alberta Federation of Agriculture aims to offer ‘unified voice’ for farmers
Focus is on issues that can impact the day to day of a farmer’s operation
Reading Time: 2 minutes Nose to the grindstone’ is a good way to describe how the folks at the Alberta Federation of Agriculture have been working since the group’s rebrand in the summer of 2013. “We’re involved in agriculture in all of its different aspects,” said board chair Lynn Jacobson, who farms near Enchant. “We’re trying to give another […] Read more
World food prices fall in January, rally seen unlikely
Rome | Reuters — World food prices are unlikely to rise much from their four-year slump as long as high production, low oil prices and limited import demand continue, a senior economist for the United Nations’ food agency said Thursday. The U.N.’s Food and Agriculture Organization’s (FAO) global food price index fell in January, continuing […] Read more
Nearby lows likely in for wheat futures
CNS Canada — All three U.S. wheat futures markets have seen a sizeable corrective bounce after hitting their lowest levels in months to start the week — and could be due for some more strength heading into the spring, a U.S. analyst says. “I’d like to think that the lows are in for the short […] Read more
U.S. grains: Wheat up on prospects for Egyptian sales, softer dollar
Chicago | Reuters — Chicago Board of Trade wheat futures climbed nearly three per cent on Thursday, buoyed by a softer dollar and hopes for U.S. sales of the grain to top buyer Egypt, traders said. Soybeans rose, led by strength in soyoil and Malaysian palm oil, while corn ended firm after a choppy session. […] Read more
CBOT weekly outlook: Strength in corn, beans to be short-lived
CNS Canada — Corn and soybean futures on the Chicago Board of Trade ended mostly higher during the week ended Wednesday; soybean futures saw slight gains, while advances in corn were more exaggerated. A sharp rally Tuesday lifted both markets to end higher for the week, with speculative short covering amid temporary U.S. dollar weakness […] Read more
ICE weekly outlook: Canola ‘reasonably balanced’
CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, but remain rangebound overall with offsetting market factors expected to keep values steady in the short term. “The market seems, at least temporarily, reasonably balanced,” said Jon Driedger of FarmLink Marketing Solutions. “It’s that window of the year where there’s […] Read more
Scoular reported hit by $17M fraud
Reuters — Scoular Co., a U.S. grain trading and handling firm, was swindled out of more than US$17 million through an international email scheme, a company official confirmed on Wednesday. The U.S. Federal Bureau of Investigation (FBI) is probing the fraud, which took place in June, a company spokesperson said in a telephone interview. The […] Read more