Markets
March 27 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year high on Monday supported by firmer shipping demand. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, touched its highest level since November 2014. The […] Read more
Markets
Baltic index marks over 2-year highs on improved shipping activity
Baltic index marks over 2-year highs on improved shipping activity
March 27 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year high on Monday supported by firmer shipping demand. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, touched its highest level since November 2014. The […] Read more
May canola fell 4.2 pct this week but demand is strong
May canola futures fell $21.20 a tonnes over the week, on general veg oil crop weakness, technical weakness and talk of order cancelations. But crush and export statistics show demand is still strong and this price collapse could prove to be over done. Weather in Western Canada is expected to be mostly dry and warmer […] Read more
Grain Millers expands Sask. oat plant
Grain Millers, one the largest oat buyers in Western Canada, has quietly announced a $100 million expansion of its plant in Yorkton, Sask. In a news release issued Friday afternoon, Grain Millers Canada Corp. said the project would add 80,000 tonnes of production capacity to its mill, where it manufactures a range of conventional and […] Read more
EU soft wheat crop likely up 7 pct but canola little changed
PARIS, March 24 (Reuters) – Grain industry lobby Coceral estimates that soft wheat production in the European Union will rise seven percent this year to 144.8 million tonnes, supported by an expected recovery in French output after last year’s poor harvest. The projected increase in EU soft wheat production from an estimated 2016 crop of […] Read more
India’s monsoon may escape El Nino unscathed-weather office
By Sudarshan Varadhan and Mayank Bhardwaj NEW DELHI, March 24 (Reuters) – India is likely to emerge unscathed from the El Nino weather pattern as it is expected to set in only during the latter part of the four-month monsoon season, a top weather official said, indicating a timely arrival of crop-nourishing rains. Monsoon rains, […] Read more
Canadian canola crush sets new weekly record
Winnipeg, March 24 (CNS Canada) – The Canadian canola crush hit a new weekly record in the period ended March 22, with processors across the country operating at nearly full capacity. The crush came in at 208,268 tonnes, up 15.2 percent from the week before, according to the most recent Canadian Oilseed Processors Association report. […] Read more
Analysts expect small spring wheat crop
The smallest spring acreage in 45 years and dry weather in the winter wheat area could lift wheat prices
Spring wheat acres will likely fall in the United States, which may help fuel a price rally in the crop, say analysts. Allendale is forecasting 11.25 million acres, which would be the smallest spring wheat crop since 1972. “There still is a long-term need for this wheat,” said chief strategist Rich Nelson. “However, it’s just […] Read more
Canola must improve meal quality to fend off soybeans
Canola’s best defence against the soybean onslaught might be its greatest weakness: its meal quality. That’s because it has the most room to improve. “We have to do more with the protein,” said Wilf Keller, president of Ag-West Bio, during an innovation panel discussion at the Canola Council of Canada’s annual convention. Canola’s protein value […] Read more
Scandal rocks Brazil meat sector; China, S. Korea suspend imports
SAO PAULO/BEIJING (Reuters) — Fallout from a corruption scandal in Brazil’s massive meat industry spread this week with China and South Korea suspending some imports and the European Union mulling action, hitting shares of the world biggest poultry producer BRF SA. With other suspensions expected to follow, the Brazilian police operation codenamed Weak Flesh could […] Read more
