For a second day, canola futures eked out the tiniest of gains, supported by a weaker loonie. There was little in the way of new market moving news. The market is still adjusting following last week’s USDA planting intentions and stocks reports, as well as rising forecasts for Brazil’s record large soybean crop. Soybean futures […] Read more
News
Canola edges higher, basis narrows
Glyphosate-free label unveiled in U.S.
Food label claims have become about as rare as air molecules. Seemingly, every food item in the grocery store is either free range, free run, humanely raised, organic, GMO-free and of course, gluten-free. But a label officially launched in March and now on the market might generate more controversy than any of the previous claims. […] Read more
Sask. Water Security Agency warns of possible ice jams, flooding
The Water Security Agency (WSA) is advising the public of the potential for ice jams and flooding in a couple areas of the province as spring runoff progresses. With spring runoff underway flows are picking up in most systems which is lifting and moving ice in places. There have been several reports of ice […] Read more
Manitoba flooding images
Freelance photographer Jeannette Greaves has collected a number of images highlighting the flooding currently taking place in Manitoba. The Western Producer and our colleagues with the Manitoba Co-operator have created a “live blog” to track all the latest Prairie flooding updates – you can find that “live blog” here. [ngg_images source=”galleries” container_ids=”38″ display_type=”photocrati-nextgen_pro_masonry” size=”180″ padding=”10″ […] Read more
Louis Dreyfus sees recovery after two-year profit slide
PARIS, April 3 (Reuters) – Louis Dreyfus’ core earnings fell for a second year in 2016 amid a persistent high supply of crops, but the agricultural commodity trader said a revamp of operations should help results this year. Large inventories, low prices and limited volatility have curbed margins in the past two years for companies […] Read more
Brazil govt says March beef export value near normal despite meat scandal
BRASILIA, April 3 (Reuters) – Brazilian fresh beef exports in March fell two percent from a year ago, according to Trade Ministry data, although a government official said the drop was not due to a scandal last month involving alleged corruption by sanitation inspectors. Brazilian beef exports totaled US$404 million last month, the ministry said […] Read more
Canola little changed on day while soybeans fall
Canola futures spent most of Monday lower, but rallied near the close to eek out a tiny gain. Canola got support from short covering and a weaker loonie. Canola supplies are thought to be tighter than soybean supply and that should support the Canadian crop’s value, but it might be more of a case of […] Read more
Prairie Flood Report
The Western Producer has created a “live blog” to track the developing flooding situation across the Prairies. You should automatically be redirected to that page momentarily. If you are not automatically redirected to our “live blog” page, you can get there via the following link: Prairie Flood Report 2017
Grain transport group releases new report
The Ag Transport Coalition is publishing a new daily report that takes a closer look at the movement of western Canadian grain shipments to export position on the West Coast. ATC, a coalition of grain shippers, elevator companies, commodity groups and oilseed processors, has been publishing weekly railway performance reports since early 2015. ATC spokesperson […] Read more
LIVESTOCK-Cattle, hogs narrowly mixed on quarter-end positioning
CHICAGO, March 31 (Reuters) – U.S. livestock futures were narrowly mixed on Friday, with live cattle edging slightly higher in a rebound from an earlier 10-day low as investors squared up their positions on the final day of the quarter, traders and analysts said. Most-active Chicago Mercantile Exchange June live cattle settled unchanged at 110.875 […] Read more
