Markets
CHICAGO, Dec 23 (Reuters) – U.S. wheat futures fell on Wednesday, touching a three-week low during the session as grain markets came under renewed pressure from large global supplies and lackluster export demand. Egypt, the world’s top wheat importer, bought 120,000 tonnes of Argentine wheat in a tender that highlighted the intense competition U.S. sellers […] Read more
Markets
Wheat drops to 3-week low on big supply, export competition
China’s Nov ethanol imports soar to record 135,865 cubic metres
BEIJING, Dec 21 (Reuters) – China imported 135,865 cubic metres of ethanol in November, soaring from just 26 cubic metres in the same month of last year to hit a record after buyers sought to profit from low global prices. The imports almost doubled from October’s 68,961 cubic metres and surpassed the previous record reached […] Read more
Pulse crops expected to steal acres from cereals in 2016
WINNIPEG — Canadian farmers are expected to seed more pulse crops at the expense of cereals in 2016, according to early projections from industry experts looking at current market trends. PULSES “Definitely, we’ll see an increase in pulse crop acreage,” said Bruce Burnett, weather and crop specialist at G3 Canada Limited. Lentils and peas are […] Read more
Ukraine barley harvest and exports to rise in 2016
KIEV, Dec 22 (Reuters) – Ukraine is likely to increase its harvest of barley to 8.8 million tonnes next year from 8.2 million tonnes in 2015 thanks to a bigger harvested area, analyst UkrAgroConsult said on Tuesday. The area sown to barley totalled 2.8 million hectares this year and could rise to 3.6 million hectares […] Read more
GRAINS-Soy edges up on Brazil weather concerns, wheat also higher
LONDON, Dec 22 (Reuters) – U.S. soybean prices rose on Tuesday, boosted by patchy rainfall in parts of major exporter Brazil, while wheat also edged up on concerns that a forecast cold snap in the Black Sea region next week could diminish crop prospects. Chicago Board of Trade January soybeans rose 0.3 percent to $8.93-1/4 […] Read more
Oil slide cuts revenue at Federated Co-op
Revenues at Saskatchewan’s largest company, Federated Co-operatives Limited, were down by $1.7 billion, or 16 percent, in 2015, the result of a downturn in the energy sector, weaker crude oil prices and the resulting negative effects on FCL’s Co-op Refinery Complex in Regina. Nonetheless, the company still reported net earnings of $539 million last year, […] Read more
WTO deal agrees to end ag export subsidies
The World Trade Organization’s 10th ministerial conference concluded Dec. 19 in Nairobi, Kenya, with an agreement to eliminate agricultural export subsidies. Developed countries will eliminate any remaining export subsidies beginning Jan. 1, except for a handful of dairy, pork and processed products. Developing countries have until the end of 2018, according to WTO documents. Director-general […] Read more
Sheep not included in COOL repeal
Canadian sheep remain subject to U.S. country-of-origin labelling, and lamb producers are not happy about it. U.S. Congress repealed COOL for beef, pork Dec. 18 but not sheep and lamb. “I think the American sheep industry has better lobbying power than we do, maybe. I don’t know,” said Canadian Sheep Federation chair Phil Kolodychuk. “I […] Read more
China’s Nov ethanol imports soar to record 135,865 tonnes
BEIJING, Dec 21 (Reuters) – China imported 135,865 tonnes (about 1 million barrels) of ethanol in November, soaring from just 26 tonnes in the same month of last year to hit a record after buyers sought to profit from low global prices. The imports almost doubled from October’s 68,961 tonnes and surpassed the previous record […] Read more
Ukraine wheat crop could drop to 17.2 million tonnes
PARIS, Dec 21 (Reuters) – Wheat production in Ukraine, a major exporter of the cereal, could drop by one third next year to 17.2 million tonnes after drought cut sharply the crop area, French consultancy Agritel said on Monday. Other forecasters also anticipate a steep fall in Ukrainian wheat output after the early autumn drought […] Read more
