Winnipeg,(MarketsFarm) – Wheat bids in Western Canada were narrowly mixed during the week ended Aug. 15, with losses in the United States futures countered by support from a softer Canadian dollar. The Canadian dollar was down by roughly a third of a cent relative to its United States counterpart, while the futures were all lower […] Read more
Daily news
Canadian wheat bids mixed, watching futures and currency
Brazil soybeans coveted by China, local crushing industry
SAO PAULO, (Reuters) – Brazil’s soybean market got another boost this week with local oilseeds processors increasingly competing with Chinese buyers for one of Brazil’s most prized export commodities, causing prices in local currency to spike. While traders reported Chinese buying more than 1 million tonnes of soybeans from Brazil and Argentina in the last […] Read more
China to rely on South America soybeans in fourth quarter -analyst
HARBIN, China, (Reuters) – Top soybean buyer China can do without supplies from the United States in the fourth quarter and can rely on imports from South America instead, said an analyst with a government-backed think-tank on Friday. The comments by Zhang Liwei, a senior analyst at the China National Grains and Oils Information Center, […] Read more
China set to deepen Argentine trade ties with bid for grains “superhighway”
BUENOS AIRES, (Reuters) – Chinese state-owned construction giant CCCC is preparing a bid to dredge Argentina’s Parana River, the country’s main cargo superhighway that takes soy and corn from the Pampas farm belt to the shipping lanes of the south Atlantic and the world. Representatives of China Communications Construction Co Ltd and its Shanghai Dredging […] Read more
Trump intervention triggered EPA’s surprise biofuel waiver decision -sources
WASHINGTON (Reuters) – A phone call from U.S. President Donald Trump last week ended a nearly two-month-long review of the nation’s biofuels program, three sources familiar with the matter said, with the White House siding in favour of oil refiners over corn growers. Trump gave Andrew Wheeler, head of the U.S. Environmental Protection Agency, the […] Read more
Good crush margins helps canola
Winnipeg, (MarketsFarm) – The ICE Futures canola market settled with small gains on Thursday, as the market continued to find some strength after dropping earlier in the week. Crush margins remain at some of their best levels of the past year, making canola attractively priced for end users, according to traders. Production uncertainty in parts […] Read more
U.S. Midwest bankers see farm loan repayment problems hit 20-year high
CHICAGO, (Reuters) – Midwest bankers reported that the percentage of farm loans their customers are having problems repaying hit a 20-year high in the second quarter this year, according to a survey released on Thursday by the Federal Reserve Bank of Chicago. Farm incomes also dropped for the period, as record floods devastated a wide […] Read more
Germany seeks new wheat export markets as Saudi opens to Russia
HAMBURG, (Reuters) – German wheat exporters are seeking access to new markets including China, Mexico and Indonesia, an industry association said, following signals that Saudi Arabia is about to open up to imports from Russia. Saudi Arabia has been Germany’s biggest market for wheat exports in recent years, but German firms face much tougher competition after […] Read more
China bought U.S. pork last week as Beijing declared halt in U.S. farm purchases
CHICAGO, (Reuters) – China made its biggest purchases of U.S. pork in seven weeks last week as Beijing said Chinese companies suspended purchases of American agricultural products, according to U.S. Department of Agriculture data issued on Thursday. The world’s largest pork consumer bought 10,211 tonnes of U.S. pork between Aug. 2-8 for shipment in 2019 as a […] Read more
Soyoil losses still a drag on canola futures
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, with losses in Chicago Board of Trade soyoil behind some of the spillover selling pressure. News that the United States would delay imposing 10 per cent tariffs on some Chinese imports contributed to the weakness in canola, according to a trader, as easing […] Read more
