NEW DELHI, March 1 (Reuters) – India could impose a 25 percent import tax on wheat by the middle of March, two government sources said on Wednesday, reinstating the tariff after a gap of nearly three months in response to recent large purchases from overseas. India, the world’s second-biggest wheat producer, lowered the import tax […] Read more
News
With big wheat crop near harvest India considers reimposing import tax
(VIDEO) ‘Times are incredibly difficult’: U.S. farmer
Western Producer reporter Sean Pratt is in San Antonio, Texas attending the Bayer AgVocacy Forum and the 2017 Commodity Classic. He is filing a blog touching on some of the daily highlights from those two events. Look for full stories about some of those topics in upcoming issues of The Western Producer. SAN ANTONIO, Texas […] Read more
Commodity Classic news and issues from Texas
Western Producer reporter Sean Pratt is in San Antonio, Texas attending the Bayer AgVocacy Forum and the 2017 Commodity Classic. He is filing a blog touching on some of the daily highlights from those two events. Look for full stories about some of those topics in upcoming issues of The Western Producer. SAN ANTONIO, Texas […] Read more
LIVESTOCK-Cattle futures jump higher on funds, beef demand
By Theopolis Waters CHICAGO, Feb 28 (Reuters) – Chicago Mercantile Exchange live cattle futures finished sharply higher on Tuesday, driven by fund buying and brisk wholesale beef demand, said traders. They said deferred-month contracts’ discounts to this week’s expected cash prices provided additional market support. February live cattle , which expired at noon, closed 1.225 […] Read more
Talk of biofuel policy shake up lifts grain futures
News reports about potential changes to American biofuel policy, as well as a weaker loonie sparked a serious rally in canola futures Tuesday. At one point May canola climbed as high as $531.40, but settled back and closed at $520.20, up $5.80 or 1.13 percent. The news about American biofuel policy lifted grains across the […] Read more
Wheat disease sees Canadian farmers looking at oats
Winnipeg, Feb. 27 (CNS Canada) – Canadian farmers are showing an increased interest in seeding oats this spring, despite a lack of activity from a pricing standpoint, as quality concerns in wheat and barley have growers looking to other cereals. “We are seeing a huge influx of acres into oats,” said Scott Shiels, grain procurement […] Read more
Trump to shift biofuel blending burden off U.S. refiners – sources
UPDATED 2:58 P.M. CST WITH WHITE HOUSE DENIAL AND DINEEN RESPONSE By Chris Prentice Feb 28 (Reuters) – U.S. President Donald Trump intends to revamp the national biofuel program to ease regulations on oil refiners while providing new incentives for ethanol and biodiesel production, people familiar with the plan told Reuters on Tuesday. The news […] Read more
Wheat and canola futures fall on favourable weather
It was a slightly down day for most crop futures Monday, but wheat contracts took a significant knock down. While soybean and corn futuresfell only a few cents per bushel, Chicago and Kansas May wheat contracts fell by about 10 cents. Minneapolis spring wheat hung on a little better, falling about five cents. Canola futures […] Read more
U.S. Jan feedlot cattle placements notch three-year high
By Theopolis Waters CHICAGO, Feb 24 (Reuters) – The number of cattle placed into U.S. feedlots in January rose 11 percent from a year earlier, the U.S. Department of Agriculture reported on Friday, the largest number in three years and nearly matching analysts’ average forecasts. Positive January profits for feedlots allowed them to buy more […] Read more
Profit-taking pressures cattle futures, boosts hogs
By Michael Hirtzer CHICAGO, Feb 24 (Reuters) – Chicago Mercantile Exchange live cattle futures were mostly lower on Friday while lean hog futures gained sharply as investors took profits in each livestock contract, traders and analysts said. Cattle fell after Thursday’s nearly four-week high and hogs rebounded from a roughly two-month low. “It’s just an […] Read more
