By Glen Hallick, MarketsFarm WINNIPEG, Feb. 21 (MarketsFarm) – With spring planting approaching, the United States Department of Agriculture (USDA) released its agricultural outlook on Feb. 21. The department predicted increased acres for soybeans and corn, but a slight decrease in wheat acres in 2020/21. After dropping by approximately 14.7 per cent in 2019/20, […] Read more
Daily news
USDA soybean forecast up, corn to hit record
Western Canadian wheat: Bids either side of steady
WINNIPEG,(MarketsFarm) – Wheat bids in Western Canada for the week ended Feb. 20 trade either side of steady for Canadian Western Red Spring Wheat (CWRS), Canada Prairie Red Spring (CPRS) and Canadian Western Amber Durum (CWAD), despite gains in the United States futures. The Canadian dollar was virtually unchanged for the week, which provided […] Read more
Market uncertainty a drag on canola prices.
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended narrowly mixed on Thursday, despite spending most of the trading session in the red. Uncertainty regarding when China will be in the market for agriculture commodities has sidelined some participants, which dragged on prices. The Canadian dollar was slightly weaker at around 75.44 U.S. cents, […] Read more
Canola futures drop on lower oils complex
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended lower on Wednesday, giving back gains made during the previous day’s trading session. A lower tone for Malaysian palm oil in overnight trade sparked considerable selling activity on the canola market. Weakness in soy oil also failed to give canola a boost, as markets wait […] Read more
Canola futures bounce back
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended higher on Tuesday, recovering after last week’s losses. Canola’s considerable weakness was due to market concerns of protestors and rail blockades disrupting shipping activity. The canola market has since recovered some of those losses. Relative weakness for soyoil on the Chicago Board of Trade kept […] Read more
Canola futures finish stronger
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Wednesday, as there are few farmers selling at this time, according to an analyst. Also, canola benefitted from gains in Chicago soyoil and European rapeseed, but these were tempered by losses in Malaysian palm oil. A trader pointed out the markets have yet […] Read more
France must put gene-edited crops under GMO rules this year – court
PARIS, (Reuters) – The French government must in the coming months change its policy on crops developed using a breeding technique called mutagenesis to adhere to stricter rules for genetically modified organisms (GMOs), a court ruled on Friday. The decision by France’s top administrative court follows a ruling by the Europe Union’s highest court in […] Read more
World food prices rise for 4th month running, cereal outlook up – U.N.
ROME, (Reuters) – World food prices rose for the fourth month running in January, boosted by jumps in quotations for vegetable oils, sugar and wheat, the United Nations food agency said. The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, […] Read more
Russia to start sowing spring grains earlier than usual
MOSCOW, (Reuters) – Russian farmers will start their 2020 spring grain sowing campaign earlier than usual because of warm winter in the country, the agriculture ministry said on Tuesday. Due to warm winter, some farmers in Russia’s Southern and North-Caucasus districts plan to enter fields in the next few days, agriculture minister Dmitry Patrushev was […] Read more
USDA waiting to hear from China if coronavirus will reduce U.S. farm purchases
(Reuters) – China has not informed the United States of any delays or reductions of its planned purchases of U.S. agricultural goods under the Phase 1 trade deal due to the outbreak of coronavirus, U.S. Department of Agriculture Under Secretary of Trade Ted McKinney said on Wednesday. “We have not received any formal notification of […] Read more
