A major player in the pulse crop industry is casting doubt on the Indian government’s report of a bumper harvest. Murad Al-Katib, president of AGT Food and Ingredients, said India is always exaggerating the crop size in an attempt to keep a lid on food price inflation. “India harvests a large crop every year, but […] Read more
News
EU nations vote against GM crops, but not enough to block them
BRUSSELS, March 27 (Reuters) – A majority of EU countries voted on Monday against allowing two new genetically modified crops to be grown in Europe, batting the contentious decision on GM cultivation in Europe back to the EU executive. EU governments were asked to vote on the future of two types of GM corn, Pioneer’s […] Read more
Baltic index marks over 2-year highs on improved shipping activity
March 27 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year high on Monday supported by firmer shipping demand. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, touched its highest level since November 2014. The […] Read more
Dow, DuPont merger gets EU blessing
March 27 (Reuters) – Dow Chemical and DuPont won the blessing of the European Union for their $130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities. The European Commission had been concerned that the merger of two of the biggest and oldest U.S. chemical producers would leave […] Read more
Baltic index marks over 2-year highs on improved shipping activity
March 27 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year high on Monday supported by firmer shipping demand. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, touched its highest level since November 2014. The […] Read more
CME lean hog futures extends losses, cattle lower
By Theopolis Waters CHICAGO, March 27 (Reuters) – Chicago Mercantile Exchange lean hog future’s selloff last Friday carried over into Monday, led by fund liquidation and weaker cash prices, said traders. April hogs ended 1.625 cents per pound lower at 65.650 cents, and below the 100-day moving average of 66.744 cents. May finished 1.900 cents […] Read more
There’s a future in the crop futures, but not up yet
Anticipation is growing in the crop futures markets as a major report on U.S. crop acreage is expected this week, but closing prices Monday weren’t much different from Friday. Canola futures rose after falling sharply last week. Some believe the price decline was overdone. Also the weaker loonie today helped support canola. Wheat fell again […] Read more
Vessel lineups remain high in Vancouver
Vessel lineups at the Port of Vancouver have declined in the past week or so but they are still above historic levels, according to Canada’s Grain Monitoring Program (GMP). In its most recent weekly report, the GMP reported that 11 grain vessels had cleared from Port of Vancouver in Week 33 and three others had […] Read more
Olds College receives $16 million donation
Olds College has received a record $16 million donation to create the Werklund Agriculture Institute to specialize in smart and sustainable agriculture and business solutions. Calgary oilman and philanthropist David Werklund and his partner, Susan Norman, have provided a tiered donation with a total cumulative impact of $32 million when all leverage opportunities are realized. […] Read more
LIVESTOCK – US cash cattle higher, CME cattle mixed and on feed report is neutral
By Theopolis Waters CHICAGO, March 24 (Reuters) – Chicago Mercantile Exchange live cattle nearby contracts gained modestly, while back months eased, ahead of what turned out to be a neutral U.S. government monthly Cattle-On-Feed report. Friday’s report showed one percent fewer cattle placed in feedlots in February than a year ago, nearly matching analysts’ average […] Read more
