Markets
Sept 12 (Reuters) – Canada’s Agrium Inc and Potash Corp of Saskatchewan Inc agreed to combine in a deal that would create a fertilizer giant with an enterprise value of about $36 billion but also draw scrutiny from U.S. regulators. Potash Corp, the world’s biggest crop nutrient company by capacity and Agrium, North America’s largest […] Read more
Markets
Canadian pulses lost at sea as shipping company flounders
Winnipeg, Sept. 9 (CNS Canada) – The bankruptcy of a major Korean shipping company has raised some concerns for Canadian pulse crops moving by container, but any disruptions to movement will likely be minor, according to an industry analyst. Hanjin Shipping Co., the world’s seventh-largest container shipping company, declared bankruptcy on August 31, leaving more […] Read more
ICE Canada canola rises on technical buying
WINNIPEG, Manitoba, Sept 9 (Reuters) – ICE Canada canola futures rose on Friday, boosted by technical buying, and notched a small weekly gain. * Exporters and crushers may also have been buyers, a trader said. * Canadian and Chinese officials held productive talks last week on a dispute over canola exports and will meet again […] Read more
CME live cattle futures snap back on short-covering
CHICAGO, Sept 9 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday shrugged off Thursday’s losses, with October up the 3-cents-per-pound daily price limit on short-covering and technical buying, traders said. October live cattle ended limit up at 104.400 cents per pound after breaking through the 10-day moving average of 103.89 cents. December closed […] Read more
Farm minister sees Ukraine 2016/17 grain exports at nearly 40 million tonnes
KIEV, Sept 8 (Reuters) – Ukraine’s exportable grain surplus could total 39.8 million tonnes in the 2016/17 July-June season, up 400,000 tonnes from the previous season, the agriculture minister said on Thursday. Taras Kutovy told a government meeting that a good harvest was the reason for the higher export outlook. Ukraine plans to harvest 62-63 […] Read more
ICE Canada canola rises on short-covering
WINNIPEG, Manitoba, Sept 8 (Reuters) – ICE Canada canola futures rose on Thursday on short-covering after two consecutive losses. * November canola rose $3.90 to $463.30 per tonne. * January canola was up $3.80 at $470.20. * November-January canola spread traded 2,531 times. * Chicago November soybeans climbed on technical buying. * NYSE Liffe November […] Read more
Short supply of milling wheat likely
The world is awash with wheat but not milling quality wheat, say analysts. The International Grains Council forecasts a record 743 million tonnes of production. Global stocks are expected to reach 229 million tonnes by the end of 2016-17, resulting in a bearish 31 percent stocks-to-use ratio, which would be the highest in 15 years. […] Read more
Researchers study corn hybrids for drier regions
DuPont scientists look for ways to balance improved drought tolerance with better yields to suit Western Canadian fields
Manitoba corn acres increased more than 30 percent this year, rising to 325,000 from 250,000 in 2015. The growth, based on Statistics Canada data, is a positive sign for the corn industry and proponents of the crop, who envision a future with millions of acres in Western Canada. Many companies and plant scientists are developing […] Read more
Analyst questions USDA corn estimates
Market prices have adjusted to account for the United States Department of Agriculture’s projections of yield from last month’s report, but are they right? Does it matter? Bryce Knorr analyzes markets for the American Farm Futures information service. He told farmer audiences in packed tents at last week’s Farm Progress Show in Boone, Iowa, that […] Read more
Chickpea markets await news of Indian purchases
WINNIPEG (CNS Canada) — A key player in international chickpea markets remains silent as the Canadian harvest gets underway. “We’re still kind of in that phase where there’s a lot of orders trying to get filled, positions trying to get squared,” said David Newman of Commodious Trading Inc. Prices have been relatively steady, Newman said, […] Read more
