Crop markets posted solid gains Tuesday on concerns about weather in the United States and South America. Active U.S. grain exports also supported prices. Canola rose, but gains were limited by the big crop, large stocks and transportation problems. Wheat was the biggest mover of the three major U.S. grains. Monthly updates on winter wheat […] Read more
Markets — page 932
Wheat leads general crop rally
U.S. wheat deteriorates after a brutal January
CHICAGO, Feb 4 (Reuters) – The condition of U.S. winter wheat grown across the southern Plains deteriorated during January as a combination of dryness and arctic temperatures took a toll on the dormant crop, according to government crop reports. In the top U.S. wheat state of Kansas, 20 percent of the crop was rated poor […] Read more
Dairy prices rise, volumes fall at auction -NZ’s Fonterra
Feb 4 (Reuters) – International milk prices edged up in the first auction this month, while volumes fell in the sale held by New Zealand’s Fonterra Co-operative Group, the world’s biggest dairy exporter. Fonterra’s GDT Price Index, formerly the Global Dairy Trade-Trade Weighted Index, rose 0.5 percent, with an average selling price of $5,042 per […] Read more
Farm machinery maker Agco forecasts weak demand for 2014
Feb 4 (Reuters) – Agriculture machinery maker Agco Corp warned of weak demand in 2014 due to reduced farm income and forecast current-quarter earnings well below Wall Street expectations. Economic uncertainty in Europe, coupled with a slowdown in demand from U.S. farmers, has weighed on Agco as corn prices continue to slide, pressured by a […] Read more
Ukraine grain exports fall 40 percent in January
KIEV, Feb 4 (Reuters) – Ukraine’s grain exports fell by around 40 percent month-on-month to 2.79 million tonnes in January, the Agriculture Ministry said on Tuesday. Ukraine, which harvested an all-time-high harvest of 62.9 million tonnes in 2013, exported 21.9 million tonnes of grain in the first seven months of the 2013/14 season which runs […] Read more
Wheat, canola stocks pile up after bumper crops: StatsCan
By Rod Nickel WINNIPEG, Manitoba, Feb 4 (Reuters) – Canada’s canola stockpile swelled to a record high, and wheat supplies were the biggest in 20 years by the end of 2013, Statistics Canada said on Tuesday, after farmers reaped bumper crops. Huge stockpiles came as no surprise after ideal weather helped farmers produce unprecedented wheat […] Read more
PED meetings planned for Alberta
Information sessions for Alberta hog producers about porcine epidemic diarrhea virus are planned in February and March at various locations. A meeting in Fort Saskatchewan is scheduled Feb. 18 in the Lakeview Hotel. Another is planned Feb. 19 at the Coast Hotel in Lethbridge and a third will run Feb. 20 in Red Deer at […] Read more
Iowa research lab identifies new strain of deadly pig virus
Feb 3 (Reuters) – A new strain of Porcine Epidemic Diarrhea virus, or PEDv, has been identified in samples taken from Illinois and Missouri, a top veterinarian at Iowa State University said on Monday. “We found that there is a variant out there that appears to be quite different than the original,” Rodger Main, the […] Read more
Cash price jitters rattle CME hog futures, live cattle down with beef
By Theopolis Waters CHICAGO, Feb 3 (Reuters) – Chicago Mercantile Exchange hog futures retreated on Monday, led by profit-taking in anticipation of weaker cash prices in the near term, traders and analysts said. The morning’s average cash hog price in the eastern Midwest dropped $1.14 per hundredweight (cwt) to $78.71, according to U.S. Department of […] Read more
Soybeans ease as record South American crop eyed; wheat up 3rd day
SINGAPORE, Feb 3 (Reuters) – U.S. soybean futures fell for the first time in three sessions on Monday as the market took a breather on expectations of record production in Brazil and Argentina. Wheat rose for a third consecutive session with support from extreme cold weather slowing grain movement in the Black Sea region, while […] Read more
