Winnipeg (CNS Canada) – It was a bit of a mixed bag in the canola market during the week ended May 4, with the old crop months drifting lower and the new crop contracts steady to higher. Warm and dry weather across Western Canada allowed farmers to start making headway with spring seeding, with cereals […] Read more
Daily news
Canola market mixed last week
Canola follows soybeans lower
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished lower on Monday, tracking losses in U.S. soybeans. Warm weather across Western Canada helped farmers make good seeding progress over the weekend, which dragged on prices. The favorable temperatures are reinforcing expectations that a large canola crop will be coming this year. Canola is […] Read more
Canola lower at front, higher in deferred positions
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled mixed on Friday, with losses in the front months and gains in the more deferred positions as the old/new crop spreads narrowed in ahead of the weekend. Good seeding weather across the Prairies and spillover selling from a downturn in Chicago Board of Trade soybeans […] Read more
Brazil soy exports surpass 10 million tonnes in April
SAO PAULO (Reuters) – Brazil’s soybean exports surpassed 10 million tonnes in April, government data showed on Wednesday, close to an all-time monthly record as local farmers begin to benefit from a trade dispute between China and the United States. Brazilian shipments totaled 10.26 million tonnes last month, foreign trade agency Secex data showed, just […] Read more
Drought to shrink Kansas wheat crop to smallest since 1989
MANHATTAN, Kan., May 3 (Reuters) – Drought sapped yield potential for the Kansas wheat crop and likely will result in the smallest harvest in the top wheat growing state since 1989, scouts said on the final day of a annual crop tour on Thursday. The crop shortfall could mean higher prices for wheat that would […] Read more
Alta. man charged in stolen horse case
Charges have been laid after a man is alleged to have sold two horses for slaughter without the owner’s consent. RCMP in Raymond, Alta., have charged Wayne Jubb with theft, trafficking stolen property and uttering forged documents. He is scheduled to appear in Lethbridge court May 23. The matter arose when RCMP were informed April […] Read more
Alta. seeding delays have little impact on 2018 barley acreage
Winnipeg (CNS Canada) – After a slight delay to the start of seeding in southern Alberta, producers are out in the fields and it doesn’t yet look like they have seeded more shorter season crop acres, like feed barley. “Southern Alberta is a little bit later than normal (for starting seeding). But most areas, they’re […] Read more
Canadian hog prices steady themselves as barbecue season nears
WINNIPEG (CNS) – With barbecue season on the horizon, prices for Canadian pork rose during the week ended April 27, breaking out of their month-long fall. The timing could be perfect too as negotiators have already begun working on improving trade relations and cancelling proposed tariffs on Chinese imports of United States pork and other […] Read more
Incoming BASF boss rules out DowDuPont-style break-up
FRANKFURT (Reuters) – The incoming boss of BASF has thrown his weight behind the chemical titan’s contentious strategy of keeping divergent businesses folded into one company, at a time when its major rivals such as DowDuPont are breaking themselves up. The comments from Martin Brudermueller, who will take over as CEO on Friday, provide clarity […] Read more
Trade tensions crimp U.S. soybean sales to China – Bunge CEO
(Reuters) – U.S. soybean sales to China have ground to a halt after Beijing threatened tariffs on imports, the CEO of agricultural trader Bunge Ltd said on Wednesday, the latest sign of mounting trade tensions upsetting the global flow of commodities. Countries such as Brazil and Canada are increasing soybean sales to China after Beijing […] Read more
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