A sharp drop in the weekly conditions rating of the U.S. spring wheat crop prompted nearby Minneapolis spring wheat futures to rally more than 4.5 percent on Tuesday. The wheat rally helped to lift corn and soybeans but canola futures fell on expectations for rain over much of the Prairies today and Wednesday as well […] Read more
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Wheat soars Tuesday on poor condition, rising loonie weakens canola
Spring wheat futures surge on crop concerns; corn, soy firm
CHICAGO, June 13 (Reuters) – U.S. spring wheat futures jumped 3.2 percent to a two-year high Tuesday morning, pulling soft red winter wheat and hard red winter contracts higher on growing worries about crop health in the dry U.S. Plains, traders said. The rally stemmed from the U.S. Department of Agriculture weekly crop condition report […] Read more
Crop futures fall Monday on rain forecast
The stronger loonie and expectations of welcome rain in the southern Prairies weighed down most canola futures on Monday. Spring wheat, corn and soybeans also fell due to the rain forecast for much of the Northern plains and Midwest. But overnight and early Tuesday trade in wheat could be supported by a sharp drop in […] Read more
Alta. implements temporary Salvage Grade for unharvested crop
Alberta cereal crops from 2016 that remained in the field over winter are gradually being dealt with. The low quality of that material has prompted Alberta’s Agriculture Financial Services Corp. to introduce a temporary Salvage Grade factor to deal with the high volume of low quality cereals. “Clients who have sold grain at a lower […] Read more
Growing India supply glut threatens farmers income
By Rajendra Jadhav MUMBAI, June 9 (Reuters) – Bountiful monsoon rains probably won’t lift India’s rural economy this year, and may instead compound the woes of millions of debt-ridden farmers who are struggling with low prices amid a glut of produce such as lentils, oilseeds and cereals. The South Asian nation is still carrying a […] Read more
China cuts corn output forecast on bad weather
BEIJING, June 9 (Reuters) – China on Friday slashed its 2017 -18 corn output forecast to the lowest level in four years after drought and hail hit planting in the northeastern region of one of the world’s top producers, spurring a rally in futures prices. In its monthly crop report, the agriculture ministry said it […] Read more
Market retains focus on weather as USDA raises wheat production forecast
Friday’s U.S. Department of Agriculture report pegged U.S. wheat production a little higher than expected, but the trade continued to put more focus on the hot, dry weather affecting a large part of the North American grain belt. Canola futures drifted a little lower as needed rain began creeping into the Prairie forecast. USDA REPORT […] Read more
U.S. farm leader advises against hasty NAFTA talks
DES MOINES, Iowa — Negotiations to update the North American Free Trade Agreement could begin as early as August, and many people in the ag industry are hoping a new deal gets done quickly. However, the past-president of the U.S. National Pork Producers Council said pushing ahead with NAFTA re-negotiations is unwise because other policy […] Read more
USDA raises wheat production outlook despite weather challenges
WASHINGTON, June 9 (Reuters) – U.S. wheat supplies will be bigger than expected despite a snowstorm in early May that analysts worried had severely damaged the crop in Kansas, the top producing state, the U.S. Agriculture Department said on Friday. More recently, farmers in spring wheat areas have been struggling with dry weather and given […] Read more
Yogurt recalled
Some types of Iogo yogurt products, distributed in all provinces except the Maritimes, are being recalled because they may contain pieces of plastic. Raspberry, vanilla and banana drinkable yogurt and mango, strawberry-raspberry and strawberry protein based drinks are all being voluntarily recalled by Ultima Foods. The Canadian Food Inspection Agency announced the recall June 8 […] Read more
