NEW YORK (Reuters) — A group of Republican and Democratic lawmakers will begin their second attempt on Wednesday to introduce a bill that would reform the Renewable Fuel Standards program in the United States, targeting an end to ethanol fuel-blending mandates. The lawmakers said the bill would eliminate requirements for corn-based ethanol blending and cap […] Read more
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Four U.S. lawmakers begin second effort at biofuels reform bill
Canadian wheat, canola stocks dwindle, but still ample — StatsCan
WINNIPEG/OTTAWA (Reuters) — Canadian stockpiles of wheat and canola dwindled but were among the largest in recent decades at the end of the last calendar year, Statistics Canada said on Wednesday. Farmers reaped smaller but still relatively big crops last autumn, with ample supplies carrying over from the record 2013 harvest. Statistics Canada, using a […] Read more
U.S. farmers jump on futures rally to sell corn, soybeans
CHICAGO, Feb 3 (Reuters) – U.S. Corn Belt farmers on Tuesday actively sold corn and soybeans for the first time this year amid a healthy increase in futures prices, cash merchandisers said. “There were a lot more sales than what I’ve seen in a couple weeks,” said J.R. Kennedy, general manager with Snittjer Grain Co […] Read more
Informa raises Argentina soy, corn production forecasts – trade
Feb 3 (Reuters) – Informa Economics raised its estimates of 2014-15 Argentine corn and soybean production but left its soy production estimate for Brazil unchanged at 93.5 million tonnes, the private analytics firm said Tuesday in a note to clients. Informa projected 2014-15 Argentine corn production at 23 million tonnes, up one million from its […] Read more
Commodity rally lifts canola, wheat on Tuesday
Canola rose Tuesday supported by a general commodity rise, sparked by a weaker U.S. dollar and stronger oil prices. The Canadian dollar rose, limiting canola’s gain. The trade awaited Wednesday’s Statistics Canada report. Canola stocks on Dec. 31 were an estimated 10.7 million tonnes, down 14 percent from last year, and the second-most ample on […] Read more
CME live cattle futures rebound with beef prices
By Theopolis Waters CHICAGO, Feb 3 (Reuters) – Chicago Mercantile Exchange live cattle futures settled higher after Tuesday’s choppy session, supported by the wholesale beef price upswing that trumped initial selling, traders said. February closed 0.550 cent per pound higher at 153.750 cents, and April up 0.975 cent to 150.575 cents. Tuesday morning’s Choice wholesale […] Read more
Virtual welding planned for Lethbridge College
Welding can involve sparks and compressed gases and rods and helmets. Virtual welding doesn’t. Instead, it uses smart screen televisions and other audio-visual components to provide simulated training at Lethbridge College — or it will soon. In a Feb. 2 news release, the college said its virtual welding room will be made possible through a […] Read more
Manitoba MP joins House ag committee
Manitoba MP Larry Maguire is now a member of the House of Commons agriculture committee. Maguire, MP for Brandon-Souris, has a long track record in agricultural organizations. He served as president of the Western Canadian Wheat Growers Association in the 1990s, was a member of the Canadian Wheat Board advisory committee, is a member of […] Read more
Canadian canola stocks expected to drop from year ago levels
WINNIPEG — Statistics Canada releases its crop stocks estimate, as of December 31, 2014, tomorrow, and canola supplies are generally expected to fall compared to year ago levels. The lower stocks estimates are mainly linked to smaller production in 2014-15, compared to the record large crop grown in 2013-14, analysts say. “Stocks were pretty high […] Read more
ADM profit jumps as big U.S. harvest boosts ag services
CHICAGO (Reuters) — U.S. agribusiness Archer Daniels Midland Co. on Tuesday reported higher quarterly earnings as a record-large U.S. harvest boosted grain volumes and supported strong exports, though revenue fell short of expectations. Earnings in agricultural services, ADM’s biggest business segment in terms of revenue, grew as bumper U.S. corn and soybean crops replenished thinned […] Read more
