Chicago | Reuters — U.S. wheat futures rebounded on Tuesday from the steepest percentage decline in nearly a year during the previous trading session on worries about weather-reduced crops in several key production areas around the world. Corn futures bounced from the prior session’s contract lows on caution over stressful weather in a crucial month […] Read more
U.S. grains: Wheat, corn gain on weather worries
U.S. grains: Soybeans down on trade war worry
Chicago | Reuters — U.S. soybean futures closed at their lowest level in more than two years on Monday while corn fell to fresh contract lows on strong U.S. crop prospects and worries about trade fights with China and other main export partners. Wheat also retreated as rising supplies from the U.S. winter crop harvest […] Read more
India extends crop fumigation exemption until year-end
Paris/Mumbai | Reuters — India has extended by six months to the end of 2018 an exemption to its policy for crop cargoes to be fumigated with methyl bromide, a move that should facilitate continued imports of pulses and wheat. The Indian government has issued a letter announcing the exemption would be extended to Dec. […] Read more
ICE weekly outlook: Market watching weather, acres, trade
CNS Canada — Canola futures bounced around within a rather narrow range during the week ended Wednesday, but generally trended higher as the market recovered off of the four-month lows hit on June 19. Statistics Canada releases updated acreage estimates on Friday, and any surprises in the data could provide some nearby direction. The U.S. […] Read more
CBOT weekly outlook: Soybeans should benefit as China lifts tariffs
CNS Canada — The $9 a bushel mark seems like a distant memory for soybeans as import tariffs between China and the U.S. continue to sap buying interest in the crop. China buys roughly 60 per cent of the United States’ annual soy exports — and there’s no telling when or how that shortfall will […] Read more
China drops import tariffs on feed ingredients from Asian neighbours
Beijing | Reuters — China on Tuesday said it would remove import tariffs on animal feed ingredients including soybeans from five Asian neighbours, in a sign that Beijing wants to boost foreign supplies of the commodities as a trade dispute with the U.S. escalates. The Ministry of Finance said it would drop tariffs on soybeans, […] Read more
U.S. grains: Soybeans lower on trade row
Chicago | Reuters — U.S. soybean futures fell about two per cent on Monday on generally favourable Midwest crop weather and worries about trade with China, the world’s biggest soy importer, traders said. Corn and wheat futures also declined. July soybean futures on the Chicago Board of Trade settled down 20 cents at $8.74-1/2 per […] Read more
Iron backlog has come and gone
It’s taken a few years, but dealers have finally whittled down high inventories of equipment
Reading Time: 3 minutes Two years ago, you couldn’t drive past an equipment dealership without noticing the rows upon rows of machines — carry-over of anticipated demand that never came. “In 2013 and 2014, everybody was firing on all cylinders,” said Leah Olson, president of the Agricultural Manufacturers of Canada. “With our record harvests, there was a fundamental shift […] Read more
U.S. grains: Soy, corn fall for fourth week over trade tensions
Chicago | Reuters — U.S. soybean and corn futures posted losses for the fourth straight week on worries about the escalating trade dispute between the U.S. and China, although prices rose for the day on Friday as some traders covered short positions. Soybeans ended 1.2 per cent lower on the week, after plunging to their […] Read more
U.S. pork, fruit producers brace for second wave of Chinese tariffs
Beijing/Chicago | Reuters — U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month. China implemented a 25 per cent duty on most U.S. pork […] Read more
Cyber-Savvy Farmer
