Markets
BISMARCK, N.D., July 26 (Reuters) – Spring wheat yield prospects are lower than last year in southern North Dakota and neighboring sections of South Dakota and Minnesota, scouts on an annual crop tour found on Tuesday. The Wheat Quality Council tour calculated an average yield for hard red spring wheat fields scouted in the region […] Read more
Markets
U.S. crop tour sees first-day spring wheat yield at 43.1 bu/acre
LIVESTOCK – Beef price bounce extends CME live cattle futures gains
CHICAGO, July 26 (Reuters) – Chicago Mercantile Exchange live cattle futures gained for a third straight session on Tuesday, fueled by technical buying and the day’s wholesale beef price turnaround, said traders. August live cattle closed 0.925 cents per lb higher at 113.875 cents, and above the 40-day moving average of 113.30 cents. October settled […] Read more
Canola industry worries as China’s dockage deadline looms
WINNIPEG, July 26 (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 […] Read more
Dryness trims North Dakota spring wheat yield prospects
COGSWELL, N.D., July 26 (Reuters) – Yield prospects for hard red spring wheat in southeast North Dakota were below average following a dry spell earlier this year, scouts on the first day of a three day annual crop tour said on Tuesday. The wheat crop in the southeastern corner of the state was developing one […] Read more
S.Korea rejects Argentina feed wheat after GMO strain found
SEOUL, July 26 (Reuters) – South Korea rejected a shipment of Argentine feed wheat after finding unapproved strains of genetically modified organisms (GMO) in the cargo, the agriculture ministry said on Tuesday. Seoul bans the entry of unapproved genetically modified organisms, defined as living modified organisms (LMO) under bio safety regulations. In 2013, South Korean […] Read more
Soy steadies after 3-month low on good crop prospects
PARIS/SINGAPORE, July 26 (Reuters) – Chicago soybeans ticked higher on Tuesday, supported by an easing dollar, but held close to an earlier three-month low as a U.S. government report confirmed favourable crop conditions. Corn inched down, with the market also capped by the U.S. Department of agriculture’s weekly crop report late on Monday that showed […] Read more
Australia farmers defer wheat sales, hope for La Nina-led price rally
SYDNEY, July 26 (Reuters) – Australian farmers are holding on to their wheat stocks and refraining from locking in deals for future sales, on hopes a La Nina weather event later this year will dent global output and lift prices from current 10-year lows. With the global market currently flush with wheat supplies, lower sales […] Read more
LIVESTOCK-CME live cattle futures surge by 3-cent/lb price limit
Live cattle futures settled up by their 3-cents-per-lb daily price limit on Monday, driven by fund buying and Friday’s mildly bullish government monthly cattle report, said traders. August and October live cattle closed at 112.950 cents and 111.075 cents per lb, respectively. Live cattle’s trading limit will be expanded to 4.5 cents on Tuesday. Short-covering […] Read more
Soybeans, canola resume downward spiral
The soybeans sell off resumed Monday, after a brief reprieve Friday. Canola trotted along behind, falling into red territory with soybeans, the vegetable oil crop leader. “Canola is largely just following,” said Ken Ball of P.I. Financial in Winnipeg. From nearly $12 per bushel in early June, November soybean futures have fallen to below $10, […] Read more
Manitoba potato acres take big hit
Canada’s potato acreage will be down slightly this year with significant drops in Manitoba and New Brunswick. Statistics Canada data, released the third week of July, indicates the country will have 342,602 acres of potatoes, a 1.8 percent decline from 2015. The year-over-year decrease is part of a longer trend of slumping potato acres. In […] Read more
