Chicago wheat futures moved lower on Friday as traders weighed improved yield prospects in the U.S. Plains, though brisk export demand limited losses, traders said.
U.S. grains: Wheat stumbles on improved harvest prospects; soy steadies
CWRS bids weaken, but basis improves
Hard red spring wheat bids in Western Canada moved lower during the week ended May 15, as losses in the United States futures weighed on values. However, weakness in the Canadian dollar was supportive and basis levels improved.
Bird flu in top chicken exporter Brazil triggers trade bans
Brazil, the world’s largest chicken exporter, confirmed its first outbreak of bird flu on a poultry farm on Friday, triggering a country-wide trade ban from China and state-wide restrictions for other major consumers.
U.S. livestock: Futures fall, boxed beef prices up
Cattle futures tumbled farther off the contract highs hit earlier in the week on Thursday. Profit taking, as well as comments from Tyson Foods CEO Donnie King that cattle herds were “very close” to a rebuild at a conference on Wednesday, caused August live cattle futures to fall and that pressure continued on Thursday. The […] Read more
U.S. grains: Soybeans drop from 10-month high as biofuel guidance pressures soyoil
Chicago soybean futures on Thursday plummeted from the previous session's 10-month high, pressured by a sharp drop in soyoil caused by concerns over U.S. biofuel targets, traders said.
New agriculture minister hopes to engage farmers
Heath MacDonald says interprovincial trade and Pest Management Regulatory Agency reform are among his priorities
New federal agriculture minister Heath MacDonald hopes to engage farmers across Canada on the issues that matter most.
Feed Grain Weekly: Barley still in demand at feedlots
Barley prices to stay put for now: trader
Feed barley is still in demand at feedlots in Lethbridge, but prices will remain steady for the time being, according to a Saskatoon-area trader.
Seeding at halfway mark in Saskatchewan
Good weather aids planting
Favourable weather has allowed Saskatchewan farmers to make good seeding progress, with 49 per cent of intended acres in the ground as of May 12, according to the latest provincial report. That's up from 31 per cent the previous week and compares with the five-year average of 32 per cent.
Deere tops second-quarter estimates, trims annual profit forecast
Shares up five per cent
Deere & Co cut the lower end of its annual profit forecast on Thursday but topped Wall Street expectations for second-quarter results aided by cost-saving measures and inventory management, sending its shares up five per cent.
New ag minister named for Newfoundland and Labrador
Hogan appoints Labrador MHA Lisa Dempster to post
Lisa Dempster, the MHA for the southeastern Labrador riding of Cartwright-L'Anse au Clair, was sworn in on May 9 as the province's minister for fisheries, forestry and agriculture.
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