Cattle futures on the Chicago Mercantile Exchange were mostly higher on Monday, although the nearby October live cattle contract settled with small losses at the final bell. The October live cattle contract lost 0.175 cents per pound at 235.800 cents while the December contract was up 0.125 cents at 237.575 cents. October feeder cattle futures […] Read more
U.S. livestock: Cattle markets mostly higher
U.S. grains: Chicago corn, soybeans and wheat firm ahead of crop estimate
Chicago | Reuters — Chicago corn, soybean and wheat futures ticked up on Monday as traders awaited U.S. government harvest estimates later this week, with shrinking trade expectations on what are still expected to be large crops, according to analysts. A weaker dollar also underpinned grains and soybeans. Chicago Board of Trade most-active December corn […] Read more
Canola groups disappointed in Carney’s plan to help growers, biofuel
‘Farmers should not be expected to borrow’
Two national canola organizations said they’re not pleased with the federal government’s announcement on helping canola growers and the biofuel industry. The Canola Council of Canada and the Canadian Canola Growers Association expressed their disappointment in a Sept. 5 news release.
Confusion over documents halts Ukrainian rapeseed, soybeans exports, union says
Short-term price volatility expected
The introduction of a 10 per cent duty on Ukrainian rapeseed and soybean exports has virtually halted Ukrainian exports due to a lack of clear government procedure on the documents needed for shipment, the country’s largest farmers union UAC said on Monday.
Good weather for Alberta harvest
Heat, dryness take a toll on moisture levels
With hot and dry conditions the Alberta harvest is now in full swing, advancing 14 points to 22 per cent complete, the provincial agriculture department reported on Sept. 5. Combining was one point up compared to its five-average.
Potash maker Nutrien to sell stake in Argentina’s Profertil for $600 million
Deal expected to close before year-end
Canadian-based fertilizer giant, Nutrien said on Monday it will sell its 50 per cent stake in Argentina-based nitrogen producer Profertil for $600 million, as the world's top potash producer shifts focus away from South America.
U.S. grains: Corn backs away from gains at close
Chicago | Reuters — U.S. corn futures climbed to a 6-1/2 week high on Friday on short covering ahead of the weekend and a U.S. government crop production update next week, and as U.S. export demand remained strong. However, the grain failed to hold onto the advances and settled with small losses in the most […] Read more
U.S. livestock: Profit-taking pressures cattle futures
Cattle futures on the Chicago Mercantile Exchange were weaker on Friday, with chart-based positioning a feature as the market continued to back away from nearby record highs. The United States Department of Agriculture reported weekly U.S. beef export sales of 16,600 tonnes, which was up 22 per cent on the week and 51 per cent […] Read more
Government to invest in biofuel production
Carney announces $370 million to biofuel production
The federal government will invest $370 million in a new biofuel production incentive.
China delays final ruling in canola dispute with top supplier Canada
Analyst suggests deal could resolve tariffs on vehicles and metals
China on Friday prolonged its probe into Canadian canola imports, buying six more months for negotiations that could ease a year-long trade dispute sparked by Ottawa's tariffs on Chinese electric vehicles.
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