Chicago | Reuters — U.S. soybean futures fell more than two per cent on Thursday, with the benchmark November contract recording its largest single-day decline since August, on disappointing weekly export sales and improving U.S. harvest weather, analysts said. Corn and wheat followed the weak tone. Chicago Board of Trade November soybeans futures settled down […] Read more
U.S. grains: Soybeans down as exports disappoint, weather improves
Expanding E15 sales would have limited U.S. market impact, analysts say
Chicago | Reuters — The Trump administration’s plan to allow year-round sales of higher-grade corn ethanol would have limited impact on the depressed U.S. ethanol market, with record supplies and prices for the fuel hovering near the lowest in a decade, analysts said. President Donald Trump announced the decision last week ahead of a campaign […] Read more
U.S. grains: Soybeans slump on big harvest, trade war worries
Chicago | Reuters — U.S. soybean futures fell for a second day on Wednesday, shedding more than one per cent on expectations of a bumper U.S. crop and concerns about a protracted U.S.-China trade war that has already depressed demand for U.S. shipments. Corn and wheat also eased as traders squared positions ahead of a […] Read more
Trump raises ethanol use in gasoline, appeases farmers ahead of elections
Washington | Reuters — U.S. President Donald Trump launched an effort on Tuesday to increase ethanol use in the nation’s gasoline pool, delivering a long-sought political victory to the nation’s Farm Belt and angering oil refiners ahead of November’s congressional elections. Trump announced the lifting of a ban on summer sales of gasoline blended with […] Read more
Producers may not give peas a chance next year
Lentil acreage may also decline as India’s tariffs and tough growing conditions take a toll
Reading Time: 4 minutes Some Alberta producers could become former pulse growers next year if the markets don’t turn around soon. “It’s the third year in a row that they’ve been at the bottom of the net income,” said Josh Fankhauser, who farms near Claresholm. “The math just doesn’t work.” Yellow peas have been part of Fankhauser’s rotation for […] Read more
U.S. seen likely to win in effort to shut down WTO’s appeals court
Geneva | Reuters — The United States is likely to succeed in shutting down the World Trade Organization’s supreme court because other WTO members are powerless to stop it, diplomats, lawyers and officials said at a conference in Geneva on Friday. The United States has blocked appointments of judges to the Appellate Body, throwing the […] Read more
U.S. livestock: Lean hogs extend recovery, near six-month high
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to their highest prices in about six months on Friday on technical buying. CME October hogs reached a session high of 68.825 cents/lb., the contract’s highest price since April 19, before paring gains (all figures US$). It ended up 0.7 cent/lb., at 68.2 cents. […] Read more
Hog producers continue struggle toward profitability
CNS Canada — Hog prices might have regained some value in recent days, but many producers are still a long way from profitability, according to the chair of Manitoba Pork. That’s why lenders such as Farm Credit Canada, who show they understand the needs of producers who are dependent on commodity markets, are appreciated, said […] Read more
Another blow for Canada’s dairy industry
Dairy farmers frustrated and disappointed but other farm sectors welcome the NAFTA replacement
Reading Time: 5 minutes Many Canadians breathed a collective sigh of relief when Canada, the U.S., and Mexico agreed to a new trade agreement at the end of September. But for the country’s dairy industry, this proposed deal is just another in a series of blows that is slowly but surely bleeding the industry dry. “This is definitely death […] Read more
Trade pact clause seen deterring China trade deals with Canada, Mexico
Washington | Reuters — China’s hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada trade agreement that aims to forbid such deals with “non-market” countries, trade experts said on Tuesday. The provision specifies that if one of the current North […] Read more