Monheim | Reuters — Bayer said on Tuesday it would be difficult to predict 2019 earnings at its agriculture business, which now includes Monsanto, because a U.S.-Chinese trade dispute could reroute global trade flows in farming commodities. The head of Bayer’s crop science division told Reuters his company could even benefit if U.S. farmers switched […] Read more
Ag trade flows may change amid trade dispute, Bayer says
U.S. grains: Soy hits 10-year low on huge U.S. crop, trade woes
Chicago | Reuters — U.S. soybean futures fell to life-of-contract lows on Tuesday and the most actively traded contract hit its lowest in a decade as an escalating U.S.-China trade war darkened U.S. export prospects, analysts said. Corn futures also hit contract lows as the U.S. harvest expanded, while wheat futures rose on tightening global […] Read more
Canada’s short line equipment makers on the cutting edge
These smaller manufacturers exported $1.8 billion of equipment and implements last year
Reading Time: 3 minutes If you’re frustrated that the big names in equipment manufacturing aren’t rolling out autonomous systems quickly enough, you may want to look a little closer to home. “With the clock ticking on when we’ll see autonomous farming become a commercial reality, my hope is that we’ll see Canadian manufacturers lead the way there,” said Leah […] Read more
U.S. grains: Corn slips to contract lows
Chicago | Reuters — U.S. corn futures fell about one per cent on Monday, with nearby months hitting contract lows as the harvest of a bumper crop picked up speed in the Midwest and early yield reports were strong, traders said. Soybean futures also declined on harvest progress, along with disappointing U.S. soy crush data […] Read more
U.S. grains: Wheat rebounds on bargain buying, corn follows
Chicago | Reuters — U.S. wheat futures jumped three per cent on Friday, rebounding from an eight-week low on a round of technical buying and short-covering ahead of the weekend, traders said. The gains in wheat pulled corn futures slightly higher but expectations for a bumper U.S. harvest stifled rally attempts. Soybeans closed lower on […] Read more
U.S. livestock: Live cattle end mixed
Chicago | Reuters — U.S. live cattle futures ended mixed on Thursday as nearby contracts were anchored by their premium to cash market prices while deferred months firmed to contract highs on a strong demand outlook, traders said. Feeder cattle futures followed deferred live cattle contracts higher, along with continued support from a slumping corn […] Read more
U.S. grains: Wheat, corn, soy fall as harvest expectations rise
Chicago | Reuters — Chicago Board of Trade soybean futures eased on Thursday, giving up early gains after U.S. President Donald Trump said the United States was under no pressure to make a trade deal with China, the biggest buyer of the oilseed. Wheat futures, which fell for the seventh time in the last eight […] Read more
Price plunge spells disaster for Alberta hog farmers
Demand is strong, Canadian packers are short 70,000 hogs weekly, but prices have plunged
Reading Time: 5 minutes A crash in prices — fuelled by Washington’s tariff war — could spell the end for many of Alberta’s dwindling number of hog operations. The sector has already lost half of its hog farms in the past decade and with producers losing $50 on every animal they ship, more are looking at throwing in the […] Read more
U.S.-Canada trade talks grind on, ‘final’ issues unresolved
Washington | Reuters — U.S. and Canadian negotiators pushed ahead in grinding talks to rescue the North American Free Trade Agreement on Thursday, but a few stubborn issues stood in the way of a deal, including dairy, protection for media companies, and how to solve future trade disputes. A U.S. source familiar with the discussions […] Read more
U.S. grains: Wheat extends losing streak
Chicago | Reuters — Chicago Board of Trade wheat futures fell for the third day in a row to their lowest in more than seven weeks on Thursday on expectations that U.S. supplies will continue to struggle to gain traction on the global export market, traders said. Corn futures ended firm, supported by bargain buying […] Read more
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