Crops
Chicago | Reuters — Chicago wheat futures gained on Monday, climbing to a 2-1/2- month high, supported by dry weather in parts of U.S., Canadian and Russian growing areas that raises global supply worries. Soybeans eased after last week’s gains, pressured by broader losses in outside markets, though weather uncertainty underpins the oilseed. Chicago Board […] Read more
U.S. grains: Wheat climbs as drought persists
Soybeans ease on pressure from broader commodity markets
Better grain bin sensors could put you in the combine a week earlier
The key to an earlier start is being able to successfully dry down higher-moisture grain, says expert
Reading Time: 4 minutes To some, new research on wireless sensors and automated fans for grain bins may seem like just another technical study. But there’s big stakes in play — an opportunity to move up harvest by a week or even two, says Chandra Singh. “When I joined Lethbridge College in 2019 there was a very early snow […] Read more
Nestle to shut Ontario foodservice processing plant
Trenton facility to close in mid-2022
Global food processing giant Nestle plans to shut a southeastern Ontario plant and move its work to sites in the U.S., citing a “highly competitive” market. The company announced Thursday it will start to wind down work late this year at the Nestle Professional plant at Trenton, where dehydrated dry-blend and frozen products are made […] Read more
Rail upgrades planned for P+H elevator
Eastern Saskatchewan elevator's rail spot expanding
Winnipeg grain firm Parrish and Heimbecker plans to boost throughput at one of its eastern Saskatchewan elevators with upgrades to its rail car loading systems. Privately-held P+H said Thursday it plans to expand to a 100-car spot, up from 50, at its elevator at Quill Lake, Sask., about 60 km east of Humboldt. Work on […] Read more
U.S. grains: Wheat posts biggest weekly climb in six years
Weather woes in North America, Russia, Europe spur concerns
Chicago | Reuters — Chicago wheat futures rose about three per cent on Friday and recorded their largest weekly gain in six years as parched conditions for North American spring wheat and adverse weather in Europe and Russia stoked concern about global supplies. Soybean futures ended higher on uncertainty about U.S. crop weather, while corn […] Read more
Prairie cash wheat: Bids up with strong gains in U.S. markets
MarketsFarm — Bids spiked for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR), and durum (CWAD) wheats in Western Canada for the week ended Thursday. Steep increases in U.S. wheat futures supported values, as did a lower Canadian dollar which lost more than a half cent. Average CWRS (13.5 per cent protein) wheat […] Read more
U.S. appeals court rules for environmental groups in biofuel case
New York | Reuters — The U.S. Court of Appeals for the District of Columbia Circuit ruled on Friday in favour of environmental groups who argued against the U.S. government’s conclusion that biofuel blending obligations posed no danger to species’ habitats. The Environmental Protection Agency decides on the amount of biofuels that oil refiners must […] Read more
Feed weekly outlook: Heat reducing potential yields, raising prices
MarketsFarm — The hot and dry summer that has enveloped all of Western Canada is already bringing down projected yields for feed grains, creating an inverse effect on prices. “We’re losing the crop here right now with the heat and lack of moisture across the Prairies and the northern Plains of the United States,” said […] Read more
U.S. grains: Wheat climbs on stressful northern Plains weather
Chicago soybean futures sag
Chicago | Reuters — U.S. wheat futures rose on Thursday, led by Minneapolis Grain Exchange (MGEX) spring wheat futures, which hit an 8-1/2-year high near US$9 a bushel as drought threatened crops in the northern Plains and Canadian Prairies. Soybean futures fell on disappointing domestic soy crush data and corn eased after a three-session climb. […] Read more
Lytton bridge re-opened but grain movement ‘hit and miss’
B.C. wildfires continue to disrupt Prairie grain movement
Canadian National Railway’s fire-damaged bridge at Lytton, B.C. reopened for traffic Tuesday — but all train movement, including for grain, through British Columbia’s wildfire-ravaged southern Interior, is “hit and miss” and will remain so until the fire risk lessens. “Both (CN and Canadian Pacific Railway) are having troubles because there are so many fires in […] Read more