SYDNEY, July 17 (Reuters) – Australian wheat production is on course to miss official forecasts by more than 20 percent as dry weather crimps yields in the world’s fourth-largest exporter, exacerbating fears of tightening global supplies. That would put production near 20 million tonnes, down from the official forecast from June of 24 million. The […] Read more
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Australian drought pushing wheat outlook down
Quiet day for grain on Monday
After last week’s drama, grain markets had a relatively quiet day Monday. “Things have stabilized and we rebounded a bit (on Friday),” said Ken Ball, a broker with P.I. Financial. “It was surprisingly quiet today.” Last week saw a sharp selloff in numerous markets, as some projections of possible rainfall for the U.S. Midwest later […] Read more
Local entry wins Stampede’s auctioneer title
A day in the life for Dean Edge revolves around family, cattle sales and rodeo. A long-time employee of the auction company, Vold Jones and Vold, Edge was named the champion international livestock auctioneer at the Calgary Stampede held July 7-16. He competed against 23 other auctioneers from Canada, United States, Australia and South Africa […] Read more
U.S. dairy lobby increases pressure on Canada, NAFTA fight looms
OTTAWA/WINNIPEG (Reuters) — The United States dairy lobby is ratcheting up pressure on Canada as talks to renegotiate the North American Free Trade Agreement draw closer. The U.S. lobby is demanding concessions the Canadian government looks unwilling to grant, according to people familiar with the file. That could lead to a brawl that sours efforts […] Read more
Non-certified organic sales allowed in some provinces
In its first state of the industry report, Canada’s Organic Trade Association has said that organic regulations across the country are inconsistent and a number of provinces “do not have any regulation at all.” What that means is that locally produced organic food in certain provinces can be promoted and sold locally as “organic,” even […] Read more
Ag ministers must decide on program review at meeting
Several Canadian farm organizations say they expect agriculture ministers will approve a review of business risk management programs at their annual meeting this week in St. John’s. Federal, provincial and territorial ministers are meeting July 20-21. Canada’s AgGrowth Coalition said a comprehensive policy review could be done over the next year, followed by another year […] Read more
Nilsson-owned firm buys Alta. feedlot from JBS
JBS is selling its 75,000 head feedlot at Brooks, Alta., to MCF Holdings for $50 million. MCF Holdings is owned by Nilsson Bros., which is based in Alberta. The Nilsson family originally owned XL Foods at Brooks, but sold it to the Brazilian company in 2013 following a food safety crisis at the plant. The […] Read more
Cattle futures do better than expected thanks to strong cash market, hogs down
By Theopolis Waters CHICAGO, July 14 (Reuters) – Chicago Mercantile Exchange live cattle contracts closed higher on Friday, aided by short covering and futures’ discounts to this week’s better-than-expected cash prices, said traders. CME livestock market funds that follow the Standard & Poor’s Goldman Sachs Commodity Index sold, or “rolled,” August futures and simultaneously bought […] Read more
Crop rally Friday limits weekly price decline
Crop futures markets finished off the week on an up note on Friday, recouping some of the losses posted earlier in the week. It was a case of bargain buying and weather insurance as hot, dry weather continues to dominate the central plains of the U.S. and Canada. Some weather forecast models also suggested it […] Read more
Grains research shakeup forces new direction
The Western Grains Research Foundation is losing a key source of its core funding, and that is leading to a dramatic shift in the type of research it will be managing in the future. The foundation had been receiving 30 cents per tonne from the wheat portion and 50 cents per tonne from the barley […] Read more
