Glencore joins grain merchants’ digital project

PARIS, (Reuters) – Glencore Agriculture Limited has joined a project launched last year by other global grain merchants to use new technologies to raise efficiency in trading operations. The initiative was announced last October by the so-called ABCD grain majors – Archer Daniels Midland, Bunge , Cargill and Louis Dreyfus Company. It was later joined by COFCO […] Read more

Canola contracts lower with canola harvest

WINNIPEG, Sept. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower Thursday, as a trader believes the movement late in the session was due to farmers selling off of their combines. However, there has remained little to influence bids very far either way. Moreso, since buyers have been able to stand pat, given […] Read more

Tariffs in place or planned for nearly all goods traded by U.S. and China

(Reuters) – U.S. and Chinese trade negotiators are meeting in Washington this week to find ways to defuse a trade war that has roiled markets and triggered tit-for-tat tariffs on hundreds of billions of goods traded between the world’s largest economies. Last week, both sides offered goodwill gestures aimed at laying the groundwork for productive […] Read more

Canola stagnates as weather premium remains pending harvest

WINNIPEG,  (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed Wednesday, as there was little to influence bids either way to a great extent. The front months were slightly lower and there were gains for the deferred months. A weather premium has continued to be in place as late-seeded crops have become vulnerable to […] Read more

Lower dollar, higher soy boosts canola futures

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday, thanks to a lower Canadian dollar and spillover support from soybeans on the Chicago Board of Trade. The Canadian dollar was around 76 U.S. cents earlier in the week, but settled down to around 75.4 cents on Friday afternoon, supporting canola values. […] Read more

Canada oat, barley production up, according to StatsCan survey

OTTAWA, (Reuters) – Oat production in Canada grew by 16.9 percent in 2019 compared to 2018, and barley production was up by 19.2 percent, according to a recent Statistics Canada survey, based in part on satellite and agroclimatic data. The survey also said that all-wheat production increased by 0.9 percent, while canola production was expected […] Read more

Western Canadian wheat: Bids get support from U.S. gains

WINNIPEG, (MarketsFarm) – Wheat bids in Western Canada were higher for the week ended Sept. 12. There were gains in Canadian Western Red Spring Wheat (CWRS), Canada Prairie Red Spring (CPRS) and Canadian Western Amber Durum (CWAD) in all locations. The Canadian dollar was up by more than a tenth of a cent, which tempered […] Read more

Cool, wet weather hampers Saskatchewan harvest: report

Winnipeg (MarketsFarm) – Cool and wet weather hampered harvest operations in Saskatchewan during the week ended Sept. 9, according to the latest provincial crop report. The harvest was roughly 18 percent complete by the end of the week. That was up from 11 percent the previous week, but well behind the five-year average of 43 […] Read more

Bunge buys minority stake in Brazilian farm supplier

SAO PAULO, (Reuters) – Commodities trader and food processor Bunge Ltd said on Thursday it had bought a 30 percent stake in Brazilian company Agrofel Grãos e Insumos, which sells agricultural supplies in the southern state of Rio Grande do Sul. According to a Bunge statement, the deal is in line with the company’s strategy […] Read more

China to exempt U.S. pork, soybeans from additional tariffs

SHANGHAI, (Reuters) – China will exempt some agricultural products from additional tariffs on U.S. goods, including pork and soybeans, China’s official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new round of talks aimed at curbing a bruising trade war. The United States and China have both made […] Read more