U.S. farmers planted less winter wheat than expected, but it didn’t lift wheat futures. Producers seeded 40.45 million acres of the crop, according to a U.S. Department of Agriculture survey of more than 83,000 farmers in December. The report was released Jan. 12. It is well below the average trade estimate of 42.57 million acres […] Read more
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U.S. winter wheat acres down five percent, but exports sluggish
EU vote gives governments the choice to grow GM crops
BRUSSELS (Reuters) — Individual EU nations will be able to ban cultivation of genetically modified crops under a compromise deal agreed on Tuesday that ends years of deadlock over the barbed issue and could actually boost GM farming. A list of GM products is awaiting EU approval and Tuesday’s vote in the European Parliament opens […] Read more
China bans U.S. poultry, eggs imports amid avian flu fears
CHICAGO (Reuters) — China has banned all imports of U.S. poultry, poultry products and eggs amid recent reports of highly pathogenic strains of avian influenza found in the Pacific Northwest, the U.S. Department of Agriculture said Monday. All poultry and poultry related products shipped from the United States after Jan. 8 would be returned or […] Read more
USDA boosts soy crop view; supplies up ahead of South American harvest
WASHINGTON (Reuters) — The record U.S. soybean harvest in 2014 was even bigger than expected, pushing domestic supplies to their highest in eight years ahead of what is expected to be a bumper South American harvest, according to government data released on Monday. The U.S. Agriculture Department also said that U.S. corn stocks were a […] Read more
Ukraine AgMin asks traders to curb wheat exports
KIEV (Reuters) — Ukraine’s Agriculture Ministry asked traders to cap milling wheat exports at 200,000 tonnes per month in January and February despite a large volume of wheat in stocks, traders said on Tuesday. The suggested limits are not obligatory, traders said. The ministry could not be reached for comment. February exports of wheat from […] Read more
Canadian Gelbviehs show well at Denver stock show
DENVER, Colorado – Canadians entered in the Gelbvieh and Balancer Show at the National Western Stock Show on Jan. 12 performed well with red ribbons and some division wins. They are as follows: Scott Severtson, Innisfail, Alta. at the Balancer Show (crossbred Gelbvieh) won first and second place in the spring heifer class with SLC […] Read more
Sask. ranch has grand champion bull three years in a row
CORRECTION – January 23, 2015 – The correct owners of the grand champion Red Angus bull at the National Western Stock Show held Jan. 12 in Denver Colorado was Triple L Angus, Viscount, Sask., Wright’s Livestock Melfort, Sask., Breed Creek Angus, Mankota, Sask. and Six Mile Red Angus, Fir Mountain, Sask. Triple L Angus, owned […] Read more
CWB releases first price projections for 2015-16 crop
Winnipeg, Jan. 12 – CWB, formerly known as the Canadian Wheat Board, released its first Pool Return Outlooks (PROs) for the upcoming 2015-16 (Aug-Jul) crop year on Jan. 12. “PROs for 2015-16 are based on the best available information today, with the understanding that the 2015 production season still remains ahead and will ultimately determine […] Read more
CME hogs slump to 2-year low as funds roll positions; live cattle mixed
By Theopolis Waters CHICAGO, Jan 12 (Reuters) – Chicago Mercantile Exchange lean hogs sank to a two-year bottom on Monday as funds kept selling February contracts and rolling their long positions into back months, traders said. Funds involved in CME’s livestock markets that follow the Standard & Poor’s Goldman Sachs Commodity Index shifted their February […] Read more
Canola survives soybean decline following USDA report
Sometimes reports rock markets and sometimes they almost go unnoticed. Monday’s U.S. Department of Agriculture’s world situation, U.S. production and stocks reports did a bit of both, moving most crop futures only slightly but giving a sharp jab to soybean futures, with March down 3.44 percent. Canola futures, however, were only moderately pounded, with the […] Read more
