WTO members clamour for more clarity on U.S. farm spending

GENEVA, (Reuters) – Trading partners will demand more details from the United States at the World Trade Organization next week about its planned $12 billion aid package for U.S. farmers hurt by the Trump administration’s tariff wars. The U.S. aid package, announced in July, is intended to shield U.S. farmers from the repercussions of trade […] Read more

Canola waffles, soy up

The ICE Futures canola platform was mixed at close Wednesday, taking support from United States futures. Chicago Board of Trade soybean, oil and meal contracts were all higher, as trade war fears ebbed. Statistics Canada released its updated production numbers this morning, using satellite data. The report pegged canola production at 21 million tonnes, which […] Read more

U.S. harvest progress

Corn across 18 states responsible for 92 per cent of all U.S. corn acreage in 2017 are 93 per cent in the dent stage, according to data from the USDA. That’s above the five-year average of 86 per cent normally at the dent stage this time of year. Meanwhile, 54 per cent of corn was […] Read more

Climate change would bring more insects

Main grain-producing areas of Canada and the U.S. could see rapid increases in crop-damaging insects as global temperatures rise, according to researchers at the University of Washington and the University of Colorado, Boulder. A new study reveals temperature increases are likely to spark population growths in grasshoppers, caterpillars and other insects that devour crops in […] Read more

Hogs, poultry hit by Florence

Record-setting rain and floods in North Carolina caused by Hurricane Florence have destroyed the state’s poultry sector with 3.4 million chickens and turkeys reported killed. Pig losses are estimated at 5,500. Widespread power outages and flooded roads are making it difficult to get help to abandoned livestock operations. The state is home to about nine […] Read more

Canola continues down; soy too

WINNIPEG – The ICE Futures canola platform continued its downward slide Tuesday, as trade war tensions between the United States and China spilled over. Soybean contracts at the Chicago Board Trade hit newcontract lows, dragging canola down with it. U.S. President Donald Trump placed new tariffs yesterday on US$200 billion on Chinese goods, China fired […] Read more

Canola up slightly, soy drops lightly

The ICE Futures canola platform chopped around in a narrow trading range for much of Friday before ending with a small gain. Weather issues continue to be one of the main sources of support for the market, as cold, wet weather delays harvest efforts on the Prairies. Weakness in the Canadian dollar was bullish for […] Read more

Brazil raises soy export projection, end-stocks lowest on record

SAO PAULO – Brazil’s government on Tuesday raised by two million tonnes its projection for soybean exports in the 2017/18 crop to 76 million tonnes amid strong Chinese demand, reducing the crop’s end-stocks to the lowest on record. Agricultural statistics agency Conab raised by 300,000 tonnes its projection for the country’s 2017/18 soybean crop from […] Read more

Canola, soy down ahead of USDA report

ICE Futures canola contracts were weaker on Tuesday, taking some direction from the Chicago Board of Trade soy complex as traders adjusted positions ahead of Wednesday’s production report from the United States Department of Agriculture. Seasonal harvest pressure added to the softer tone in canola, despite highly variable yield reports across the Prairies. Chart-based speculative […] Read more

Canola made minor gains Monday

The ICE Futures canola platform recorded minor gains on Monday, as a pending report by the United States Department of Agriculture kept a note of caution in the air. On Wednesday the USDA will release its production estimates and there are ideas it could feature a hike to the soybean yield in the U.S. Modest […] Read more