Election jitters helped keep canola from slipping much Monday. North American crop futures ended up in the red across the board, but canola was almost the strongest of the lot, slipping only slightly in nominal terms. However, the weakness of soybean oil, which fell more than 1.6 percent, still helped take canola down a peg, […] Read more
Daily news
Canola unable to resist drag created by weakening soy oil
CME live cattle futures up again as beef quotes rise
CHICAGO, Oct 19 (Reuters) – Chicago Mercantile Exchange live cattle futures ended higher for a second straight session on Monday, supported by the morning’s wholesale beef price increase, traders said. Spot October closed 2.325 cents per lb higher at 138.275, and December up 2.225 cents to 141.650. Monday morning’s wholesale choice beef price, or cutout, […] Read more
Clubroot found in Manitoba
Clubroot galls have been found on canola plants near Swan River, Man. Ryan Immerkar, who runs RSI Agri-Coaching in Swan River, confirmed rumours about the discovery of clubroot in the region. Immerkar said clubroot galls were found on canola plants, and samples from the infected areas have been sent away for further testing. Anastasia Kubinec, […] Read more
Legumex Walker division sale proceeds fall short
Shareholders of a Winnipeg-based special crops and oilseed processing firm will get less than originally anticipated from the sale of its special crops division. Legumex Walker said the net proceeds that will be distributed to shareholders from the sale of the division to Scoular for $94 million is estimated to be $1.95 to $2.25 per […] Read more
Wrap: Canola closes up a bit but wheat falls two percent
Forecasts for substantial rain in the U.S. southern Plains late next week battered wheat about two percent lower on Friday. Canola edged higher with a slight decline in the Canadian dollar and slightly stronger soy oil futures, but gains were limited by weaker U.S. soybean futures. November canola closed at $472.60 per tonne, up $1.10. […] Read more
Officials investigate salmonella outbreak
While the risk to Canadians is low, the Public Health Agency of Canada is searching for the source of a salmonella outbreak. The federal agency said there are 34 cases of salmonella illness in eight provinces. The individuals became sick between June 12 and Sept. 20. Eight people have been hospitalized and all are recovering […] Read more
LIVESTOCK-Strong cash prices rally CME live cattle futures by 3-cents/lb daily limit
CHICAGO, Oct 16 (Reuters) – Chicago Mercantile Exchange live cattle futures climbed sharply on Friday, with October settling up the 3-cents per lb daily price limit, ignited by short-covering after initial cash prices beat expectations. Spot October closed at 135.950 cents per lb and December rose 2.875 cents to 139.425. Live cattle’s trading limit will […] Read more
Harvest almost done in Saskatchewan
SOUTHEAST Harvest is 95 percent complete and slightly ahead of the five year average. Precipitation ranged from small amounts to 18 millimetres. Strong winds damaged bins and houses. It blew swaths around and shelled out some remaining standing crops. Cropland topsoil moisture is rated 86 percent adequate while hayland and pastures are rated 74 percent […] Read more
Alberta releases latest crop report, Oct. 16, 2015
SOUTH Harvest is almost finished with sugar beets and some late seeded canola comprising the majority of uncompleted crops. Pasture conditions are rated 42 percent good to excellent while surface and sub-surface soil moisture conditions have an average rating of 54 percent good to excellent. About half of the fall seeded crops are rated good […] Read more
Rich nations spend $250 billion on farm subsidies, hurting poor growers
TORONTO, Oct 16 (Thomson Reuters Foundation) – Rich nations are spending $250 billion annually subsidizing their agricultural sectors to the detriment of poor farmers as they artificially lower prices for some crops and block market access for growers from poor countries, a new study said. Wealthy nations spend 20 times more on farm subsidies than […] Read more
