MOSCOW, Oct 5 (Reuters) – Russian export prices for wheat were broadly flat last week after the government agreed to cut its export tax from Oct. 1, making Russia’s output more competitive on the global market, analysts said on Monday. The tax move had been widely expected by market players since early September, and prices […] Read more
Daily news
Russian wheat prices broadly flat after state export tax cut
Canola rises, but loses ground to other veg oils
Canola futures did OK but continued to weaken against their vegetable oil sisters in futures market trading Monday. A sharp increase in the Canadian dollar sapped canola’s strength relative to soybeans and soy oil All North American crop futures rose Monday. November canola rose $1.30 per tonne and January climbed 80 cent. The market was […] Read more
Sagging beef prices drag on CME live cattle futures
CHICAGO, Oct 5 (Reuters) – Chicago Mercantile Exchange live cattle resumed their recent downtrend on Monday after the seasonal drop in wholesale beef values trimmed last Friday’s futures gains, traders said. Spot-October settled down 0.950 cent to 122.125 cents per lb, and December 1.150 cents lower at 130.225 cents. Monday morning’s wholesale choice beef price, […] Read more
Filly wins at World Clydesdale Show
LONDON, Ont. — A young Clydesdale filly that has shown promise since she was born was named supreme champion at the World Clydesdale Show held in London, Ont., Oct. 3. Owned by David Anderson of St. Thomas, Ont., Anderson’s Ovation, born January, 2013, was the unanimous choice of a panel of judges at the international […] Read more
Potash Corp withdraws offer for German peer K+S amid weakening China demand
Oct 5 (Reuters) – Potash Corp of Saskatchewan said it had withdrawn its 7.9 billion euro (US$8.9 billion) offer for German potash producer K+S, citing a decline in global commodity and equity markets and a lack of engagement by K+S management. The acquisition would have given Potash Corp an opportunity to realize savings from selling […] Read more
UPDATE: Late delay as Pacific trade talks near landmark deal; dairy still disputed
By Krista Hughes ATLANTA, Oct 4 (Reuters) – A dozen Pacific nations closed in on a sweeping free-trade pact on Sunday in Atlanta but failed to finalize terms on the fifth day of round-the-clock talks, dashing hopes raised by an earlier breakthrough on protections for new biotech drugs. U.S. officials, who are hosting the meeting, […] Read more
After five years of negotiations, Pacific trade talks near deal
By Krista Hughes ATLANTA, Oct 4 (Reuters) – A dozen Pacific nations closed in on a sweeping free trade pact on Sunday in Atlanta after a breakthrough over how long a monopoly pharmaceutical companies should be given on new biotech drugs. The issue has pitted the United States, which has argued for longer protections, against […] Read more
Cattle prices hammered lower this week – here is why
It was a horrible week for Chicago live cattle futures with the nearby contract falling US10.625 cents per pound or almost eight percent. The Canfax Canadian cash steer weighted average fell almost C$9 to $160.73 per hundredweight from last week. Alberta fed cattle prices are now below year ago levels for the first time since […] Read more
Market wrap: Canola loses $4.40 over the week
Canola futures edged higher on Friday with support from soy oil but lost ground over the week. November canola closed at $471.90 up $1 on the day but down $4.40 one the week. Statistics Canada said canola production was 14.3 million tonnes, similar to the forecast in the Crop Condition Assessment Program model forecast released […] Read more
Weekly canola crush hits best level in over two months
WINNIPEG — Canada’s domestic canola processors are getting busier, with the latest crush data showing the most active week in two-and-a-half months. Capacity utilization during the week ended Sept. 30 climbed to 82.8 percent, which compares with only 66.9 percent the previous week, according to the latest report from the Canadian Oilseed Processors Association. A […] Read more
