Louis Dreyfus to exit dairy by mid-2019 as part of overhaul

PARIS (Reuters) – Louis Dreyfus Company said on Wednesday it would sell or wind down its small dairy business by the middle of this year as the trading giant focuses on commodities such as grain and oilseeds. Privately held Louis Dreyfus previously earmarked the dairy business as a non-core activity, it said in a statement. […] Read more

Brazil shifting to self-monitoring of food, meat plants – minister

BRASILIA – Brazil is moving toward a self-monitoring system for food processors, Agriculture Minister Tereza Cristina Dias said on Friday, including meatpackers still recovering from an inspection scandal that hurt trade with key markets. Dias said in an interview that the South American nation’s new business-friendly government plans to send draft legislation on self-monitoring to […] Read more

Russia plans tougher grain export controls – reports

MOSCOW (Reuters) – Russia’s state agriculture watchdog is considering plans to strengthen controls on grain exports, Russian news agencies reported on Saturday. There has been speculation that the world’s largest wheat exporter could limit grain exports later in the 2018/19 season which started on July 1, to keep a lid on domestic prices. Proposals include […] Read more

Western Canadian wheat bids up with U.S. futures as dollar changes little

WINNIPEG – Wheat bids in Western Canada were mostly down for the week ended Jan. 18 supported by gains in most of the United States futures markets as the Canadian was virtually unchanged for the week. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were up C$2 to C$3, according to price quotes […] Read more

Canola holds despite China worries

Winnipeg – The ICE Futures canola contacts finished the day stronger, despite continuing concerns about China. There is ongoing concern from traders that China/Canada relations are affecting canola exports, with China lowering purchases. The latest Canadian Grain Commission data this morning showed canola exports are at 4.628 million tonnes, down from 5.057 million tonnes at […] Read more

Lower dollar boosts canola

Winnipeg – The ICE Futures canola contacts finished the day stronger, finding support from a weaker Canadian dollar. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all stronger. Soyoil contracts were up sharply, which was supportive for canola contracts. There is still concern though about China/United States relations. While China has confirmed […] Read more

Pulse acreage decline likely in U.S. due to surplus

Winnipeg – Large crops followed by poor export demand has led to burdensome supplies and cut into pulse prices in the United States, which should cut into acreage ideas to peas, lentils, and chickpeas in 2019, according to an industry official. “With the trade issues we’re facing right now, we have quite a surplus,” said […] Read more

Oats – charts pointing towards a pullback

WINNIPEG – If you’re looking to sell some of your oats, now is the time to do it, according to Ed Baldwin, manager advisory services and grain marketing for AgChieve Grain Marketing Experts in Winnipeg, Man. “We contacted our clients and said ‘hey, if you got oats you want to sell, price them today,'” said […] Read more

Concerns over China affecting canola

Winnipeg – The ICE Futures canola contacts finished the day stronger, bouncing back from Tuesday’s losses. Chicago Board of Trade soybean contracts were mixed, oil contracts were slightly weaker and meal contracts stronger. The soy complex had been stronger earlier in the day, but retreated towards unchanged following Tuesday’s comments from United States Trade Representative […] Read more

Canola dips below $480 in trade

Winnipeg — The ICE Futures canola contacts finished the day weaker, trading below the C$480 per tonne mark during the session. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all down too. There is concern about waning Chinese interest for United States soybeans. Many traders are thinking China is done purchasing U.S. […] Read more