Food and beverage funding The federal and Ontario governments are investing $1.58 million in 27 projects in the food and beverage processing sector across southern Ontario. The funding is expected to increase production for small businesses by replacing manual processing and quality assurance with automated and robotic visual inspection equipment. Manitoba crop investments Manitoba’s crop […] Read more
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AG Notes
VIDEO: Marketing and farmer optimism hot topics at Commodity Classic
SAN ANTONIO, Texas — It was standing room only during the grain marketing sessions at day one of the 2017 Commodity Classic. Commodity Classic describes itself as is America’s largest farmer-led, farmer-focused convention and trade show. Bryce Knorr, senior grain market analyst for Farm Futures, said it looks like there will be neutral ENSO conditions […] Read more
Supply growth worries sink CME live cattle futures
By Theopolis Waters CHICAGO, March 2 (Reuters) – Chicago Mercantile Exchange live cattle futures slumped on Thursday, with pressure from profit-taking partly fueled by increased supply expectations, traders said. April live cattle closed US1.425 cents per pound lower at 116.150 cents, and June closed 1.075 cents lower at 106.725 cents. “I’m surprised at the (futures) […] Read more
Canola ripples felt wide through Canadian economy
Winnipeg, March 2 (CNS Canada) – Like a rock thrown in a lake creates ripples flowing to the shore, canola production creates waves of economic activity that flow across Canada, according to a new study commissioned by the Canola Council of Canada. Canola’s value to the Canadian economy has tripled over the past decade to […] Read more
Informa raises Brazil soy crop forecast to 108 million tonnes -trade
CHICAGO, March 2 (Reuters) – Private analytics firm Informa Economics on Thursday raised its estimate of Brazil’s 2016-17 soybean crop to 108 million tonnes, from 106.5 million previously, two trade sources said. In a monthly report, the firm also raised its estimate of Brazil’s 2016-17 all-corn production to 91.0 million tonnes, from 89.0 million last […] Read more
Danish pork company plans China plant
SHANGHAI, March 2 (Reuters) – Top European pork producer Danish Crown hopes to gain a bigger chunk of the Chinese market by building a new factory to provide fresh meat to discerning consumers in Shanghai. Plans for the US$42.44 million plant come as Hormel Foods of the United States prepares to open a new factory […] Read more
Bank of Canada holds rates, watching ‘significant uncertainties’
OTTAWA, March 1 (Reuters) – The Bank of Canada acknowledged on Wednesday that fourth-quarter growth might have been stronger than anticipated, but it left interest rates unchanged at 0.50 percent as it focused on the “significant uncertainties” facing the economy. In an unusually short policy statement, the central bank maintained its cautious stance. It downplayed […] Read more
Cattle futures end mostly firm Wed.; hogs higher
By Theopolis Waters CHICAGO, March 1 (Reuters) – Most Chicago Mercantile Exchange live cattle futures closed firmer on Wednesday, after investors sold April futures and simultaneously bought deferred months. Investors held off buying April futures despite strong wholesale beef values and steady-to-better cash price expectations for this week. April live cattle closed 0.350 cent per […] Read more
Canola and other crops rally Wed. on biofuel hopes
Crop futures posted a second day of strong gains on Wednesday, still riding the potential for U.S. biofuel policy to change. Wheat had some independent strength from signs of new international demand and also dry weather in the U.S. southern Plains. OUR WEEKLY CROP MARKET VIDEO UPDATE WILL BE AVAILABLE THURSDAY Canola rode higher with […] Read more
Swamped Brazil highway stalls soy trucks
SAO PAULO, March 1 (Reuters) – About 3,000 trucks carrying soybeans are backed up on a major road to port through the Amazon region that has become impassible due to swamps caused by heavy rainfall, highway police said on Wednesday. Trucks are bogged down on an unpaved section of the BR-163 highway in southern Pará […] Read more
