Markets
WINNIPEG (CNS) — It’s a nervous time for Canada’s canola industry as it lobbies the Chinese government over a plan to impose new dockage rules on imports of Canadian canola on Sept. 1. That’s when China’s quarantine agency, AQSIQ, says the dockage allowances for Canadian canola will be pegged at one percent, down from the […] Read more
Markets
Canola dockage changes spark fear
VIDEO: Canada’s agricultural markets update – August 3, 2016
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered. Crops:
U.S. grain handlers boost storage ahead of massive harvest
CHICAGO, Aug 3 (Reuters) – U.S. grain handlers are scrambling to find space for mountains of corn and soybeans that is expected to overwhelm their already jammed storage facilities in the coming weeks, leading to a surge in construction of temporary grain bins. Many elevators still are holding on to last year’s supplies as weakness […] Read more
Ont. vegetable growers may lose marketing board
Ontario farmers may have a radically different system for selling process vegetables next year, but producers and industry watchers don’t understand why the change is necessary. News leaked in July that the Farm Products Marketing Commission, a regulatory agency established by the Ontario government, was considering removing the marketing authority of the Ontario Processing Vegetable […] Read more
LIVESTOCK – Feeder cattle hit 1-1/2-month high as corn declines
CHICAGO, Aug 2 (Reuters) – U.S. cattle futures extended gains on Tuesday, with feeder cattle rising to their highest in 1-1/2 months as falling corn prices reduced costs for fattening the animals and enticed buying from investors, traders said. Optimism that slaughter-weight cattle would fetch higher prices in U.S. Plains cash markets this week also […] Read more
EU wheat steady on small French harvest, firm Black Sea prices
PARIS, Aug 2 (Reuters) – Euronext wheat futures were slightly higher on Tuesday, supported by a growing consensus that France will harvest its smallest crop in at least a decade and by signs that Black Sea export prices are rising. Gains on Euronext were curbed by a near 10-year low for U.S. prices, a rally […] Read more
Weak ethanol and grain margins hit ADM profit
CHICAGO, Aug 2 (Reuters) – Archer Daniels Midland Co reported a lower-than-expected quarterly profit for a fifth consecutive quarter as poor ethanol margins and lower earnings from its grain exporting and trading operations stung the company in the second quarter. The earnings miss follows a rough first quarter for ADM, when a large trading loss […] Read more
Japan, S.Korea block certain U.S. wheat varieties over GMO concerns
CHICAGO, Aug 1 (Reuters) – Japan and South Korea have both taken steps to block certain imports of U.S. wheat after unapproved genetically-modified (GMO) plants from Monsanto Co seeds were found growing in Washington state, a spokeswoman for the U.S. Department of Agriculture (USDA) said on Monday. Japan’s Ministry of Agriculture, Fisheries and Forestry said […] Read more
GRAINS-Corn falls to near two-year low on USDA condition report
SYDNEY, Aug 2 (Reuters) – U.S. corn fell to a near two-year low on Tuesday, slipping for a second session after the U.S. Department of Agriculture pegged the condition of the crop at above market expectations. Soybeans fell more than 0.5 percent to hit a three-and-a-half month low, while wheat was little changed. The […] Read more
Canola, soybean price surge not a long-term positive sign
The good news for canola was that soybean prices soared Friday, pulling up its sister crop in the process. The bad news was that some of the Friday surge was due to short-covering by traders who raked-in profits through July by betting against soybeans. Vegetable oil crop futures had a terrible month, and as traders […] Read more
