WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Tuesday, in a light volume of trading. The July canola contract was down C$2.20 at C$453.10 per tonne. The November contract was down C$2.30 at C$466.30 per tonne. The Canada/China dispute and large supplies have continued to weigh on canola values, as did a […] Read more
Daily news
Canola drops again; markets await forecast of rain
On Tiananmen anniversary, Canada says it has real concerns over China’s human rights
OTTAWA, June 4 (Reuters) – Canadian Prime Minister Justin Trudeau marked the 30th anniversary of the Tiananmen Square crackdown in Beijing on Tuesday by expressing what he called “real concern” about China’s human rights record. Diplomatic relations between the two countries have badly deteriorated since December when police in Vancouver detained Huawei Technologies Co Ltd […] Read more
Canola futures drop; large stocks, China dispute
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, as the Canadian dollar gained strength, while soyoil and soymeal lost ground on the Chicago Board of Trade. The July canola contract fell C$4.20 at C$455.30 per tonne. The November contract dropped C$4.80 at C$468.60 per tonne. The Canada/China dispute and large canola […] Read more
Trump lifts curbs on E15 gasoline to help farmers, angering Big Oil
WASHINGTON, May 31 (Reuters) – The Trump administration on Friday lifted restrictions on the sale of higher ethanol blends of gasoline, keeping a campaign promise to farmers suffering from the trade war with China but inviting a legal challenge from the oil industry. The announcement will allow gasoline stations to sell blends containing up to […] Read more
U.S. disaster aid bill blocked again as Republican objects
WASHINGTON, May 30 (Reuters) – A U.S. Republican lawmaker on Thursday blocked a $19.1 billion package to help Americans recover from a string of natural disasters, delaying passage for at least a few more days until the full House of Representatives can vote on it next week. President Donald Trump supports the bill and the […] Read more
Workers locked out at Canada’s Port of Vancouver in labor dispute
WINNIPEG, Manitoba/OTTAWA, May 30 (Reuters) – Longshore workers at Canada’s biggest port, the Port of Vancouver, were locked out on Thursday in a labor dispute over technology changes, potentially grinding most shipping there to a halt. Jim Thompson, a spokesman for the International Longshore and Warehouse Union Canada, said the lockout had started in at […] Read more
Oklahoma, Arkansas and Louisiana face flood of ‘historic magnitude’
May 29 (Reuters) – Thousands of Arkansas, Oklahoma and Louisiana residents braced for more flooding on Wednesday, and some evacuated their homes, as forecasts of further rain drove fears that decades-old levees girding the Arkansas River may not hold. More than a week of violent weather, including downpours and deadly tornadoes, has lashed the central […] Read more
IGC cuts forecast for 2019/20 world corn production
LONDON, May 30 (Reuters) – The International Grains Council (IGC) on Thursday cut its forecast for world corn production in the 2019/2020 season, driven by a diminished outlook for the U.S. crop. The inter-governmental body, in a monthly update, reduced its global corn (maize) crop forecast by 7 million tonnes to 1.118 billion tonnes. The […] Read more
Australian farmers face more hot, dry weather
SYDNEY, May 30 (Reuters) – Hot, dry weather will persist across Australia’s east coast for at least another three months, the country’s weather bureau said on Thursday, in a forecast that threatens to severely crimp agricultural production. There is just a 30% chance that Australia’s east coast will receive average rainfalls between June 1 and […] Read more
Corn resumes rally as traders focus on slow planting; soybeans, wheat firm
CHICAGO, May 30 (Reuters) – U.S. corn futures rose 2.2 percent on Thursday, bouncing back from some technical weakness on Wednesday as traders focused on the historic slow pace of planting in the Midwest. Prices, which hit their highest in nearly three years this week, needed to continue to rally to entice farmers to seed […] Read more
