LEVERKUSEN, Germany (Reuters) — Bayer forecast a year without earnings growth for its agricultural products business late last month as it seeks to complete its US$66 billion deal to take over American seed giant Monsanto. The German company has said the deal, which would put the size of its agricultural business on a par with […] Read more
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Bayer’s ag profit to stagnate in coming year
Falling loonie lifts canola Wednesday
Canola futures rose Wednesday, even with headwinds from a falling soy complex. A weaker Canadian dollar and talk of new export business lifted canola late in the trading session. The May contract rose $3.60 to $527.20. New crop November rose $4 to $507.20. CLICK HERE TO WATCH THIS WEEK’S VIDEO MARKET UPDATE The weaker loonie […] Read more
Lerner: Late-winter Manitoba storm may cause more than travel delays
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, March 7 (CNS Canada) – Road closures across most of western Manitoba due to a late-winter storm are likely only the start of the headaches to come, as flooding and late seeding may be the spring reality in many areas this year, according to meteorologist Drew Lerner, […] Read more
Sask. reviews ag extension
The Saskatchewan government wants input on how it delivers agricultural extension services. Agriculture Minister Lyle Stewart said today he wants to hear from farmers, ranchers and agribusiness on how they would prefer to get their information. “Agriculture is the foundation of our province and we want to make sure we are providing the right services, […] Read more
Big Brazil crop pressures oilseeds lower
Crop futures were mostly lower on Tuesday weighed down by new private forecasts indicating Brazil’s crops are even bigger than expected. May canola closed down $8.30 or 1.56 percent at $523.60 per tonne. New crop November fell 8.10 of 1.58 percent to $503.20. The USDA will update its supply and demand forecasts on Thursday. Analysts […] Read more
Brazil’s soy crop view raised to 109 mln t – FCStone
SAO PAULO, March 7 (Reuters) – The 2016-17 Brazilian soybean crop could reach 109.07 million tonnes, almost 15 million tonnes more than in the previous season, as record yields in several states boost output prospects, broker and analyst INTL FCStone said on Tuesday. The new projection is the most optimistic so far among independent analysts. […] Read more
Brazil: dry weather frees soybean trucks stuck on key Amazon export route
SÃO PAULO, March 6 (Reuters) – Dry weather improved conditions on a rugged Amazon road that serves as the key link between soy fields and northern ports, ending an immense backlog of trucks carrying the beans, the Brazilian army said Monday. Rains were heavier than normal for weeks, turning an unpaved section of the BR-163 […] Read more
Russian winter grains doing better than normal – weather forecaster
MOSCOW, March 7 (Reuters) – Russian winter grains have been largely unaffected by December-February weather and are doing better than usual, a state weather forecaster said on Tuesday, suggesting good prospects for the 2017 crop. Russia, one of the world’s largest wheat exporters to North Africa and the Middle East, harvested a record grain crop […] Read more
U.S. chicken, egg companies heighten security after bird flu case
By Tom Polansek CHICAGO, March 6 (Reuters) – Top U.S. chicken and egg companies ramped up procedures to protect birds from avian flu on Monday, a day after the federal government confirmed the nation’s first case of the virus at a commercial operation in more than a year. The U.S. Department of Agriculture said on […] Read more
Asian nations restrict U.S. poultry imports over bird flu
SEOUL/CHICAGO (Reuters) — South Korea, Japan, Taiwan and Hong Kong have limited imports of U.S. poultry after the United States detected its first case this year of avian flu on a commercial chicken farm, South Korea’s government and a U.S. trade group said March 6. South Korea will ban imports of U.S. poultry and eggs […] Read more
