Markets
CHICAGO, Dec 5 (Reuters) – The U.S. International Trade Commission (ITC) on Tuesday made a final finding that biodiesel imports from Argentina and Indonesia harm U.S. producers, ensuring that anti-dumping and anti-subsidy duties remain in effect for at least five years. The U.S. Commerce Department last month set steep trade barriers that brought to a […] Read more
Markets
U.S. confirms duties on Argentine, Indonesian biofuel
Australia’s wheat crop forecast falls to 20.3 mln T
SINGAPORE, Dec 4 (Reuters) – Australia’s 2017-18 wheat crop forecast has been lowered, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said on Tuesday, after recent storms damaged the crop and following a severe drought earlier in the season that reduced yields. The world’s fourth-largest wheat exporter is forecast to produce 20.3 […] Read more
Analyst raises Ukraine 2017-18 rapeseed export forecast by 20 pct
KIEV, Dec 4 (Reuters) – Ukrainian agriculture consultancy UkrAgroConsult on Monday increased its forecast for Ukraine’s 2017-18 rapeseed exports by about 20 percent to two million tonnes after a bumper harvest. The rapeseed crop has jumped by 85 percent to 2.2 million tonnes in 2017, the consultancy said in statement, adding that Ukraine had already […] Read more
Canola up Monday on dry Argentina
A strong day for soybean meal overcame weakness in soybean oil to give canola a respectable gain Monday. Weakness in the Canuck buck also helped keep canola futures positive. Soybeans rose as well, whilst wheat contracts and corn fell a few cents. Trade in canola futures is expected to decline tomorrow as people get […] Read more
LIVESTOCK-CME live cattle futures tumble on long liquidation
CHICAGO, Dec 1 (Reuters) — U.S. cattle futures fell to a one-month low on Friday on fund-driven long liquidation and worries about declines on Wall Street, while hog futures firmed in largely technical trade, traders and analysts said. Live cattle fell despite higher wholesale beef values. Choice-grade wholesale beef prices rose $1.35 to US$205.99 per […] Read more
Canola falls one percent on the week, loonie rallies
Canola futures fell Friday, mostly because of a strong gain in the Canadian dollar following a better than expected monthly jobs report. January canola closed down $3.50 at $506.10 For the week, the January contract fell $4.90 or about one percent. The soybean complex rose today on concern about a forecast for dry weather in […] Read more
Monster storm threatens Australia’s wheat crop
SYDNEY/SINGAPORE, Dec 1 (Reuters) — Heavy rains in eastern Australia forecast to intensify over the weekend are threatening to wipe out or damage up to four million tonnes of wheat due to be harvested soon, with many grain storage sites forced to close. Most of the state of Victoria and parts of the states of […] Read more
Falling pea, lentil prices likely to take toll on acreage: analysts
Pulse acres are expected to plunge next year, losing ground to competing crops like canola and wheat, say analysts. Brian Clancey, editor of Stat Publishing, forecasts that peas will be down about one million acres in the wake of India slapping a 50 percent import duty on the crop. He said with India unlikely to […] Read more
Canola futures drift lower Thursday
Canola futures continued to trade in a narrow range on Thursday as the trade expects Statistics Canada will make only a modest increase in its canola production estimate next week. The U.S. Environmental Protection Agency issued its biofuel targets today. The targets are mostly unchanged from the original plan, but at one point recently the […] Read more
Canadian processors strangely quiet on online grocery opportunities
It appears consumers around the world are increasingly turning to online venues to do their shopping. The headlines out of the United States about the big Black Friday retail push this past weekend emphasized the growing market share of online retail. Groceries are not excluded from this trend, and major food companies are starting to […] Read more
