KIEV/MOSCOW (Reuters) — Continuous rain across most of Ukraine and the European part of Russia have slowed winter grain sowing, raising concern over a possible sharp fall in the 2014 winter wheat harvest, analysts and weather forecasters said. The two countries, whose wheat output recovered this year after a drought in 2012, had sown a […] Read more
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Slow sowing could hit Black Sea grain harvest
USDA reporting goes dark with government shutdown
(Reuters) — The U.S. Department of Agriculture, which issues thousands of daily, weekly and monthly reports that provide traders with data on everything from the price of hogs in Des Moines, Iowa, to how many soybeans China buys each week, pulled the plug on those reports during the federal government shutdown. USDA’s daily market and […] Read more
U.S. shutdown could affect dairy, livestock settlements: CME
CHICAGO (Reuters) — CME Group said on Tuesday the U.S. government shutdown could affect settlement prices for cash-settled dairy, lean hogs, live cattle and feeder cattle contracts. Settlement prices for these products are based on data from the U.S. Department of Agriculture, the exchange said in a letter to customers. “A prolonged shutdown of the […] Read more
Swiss to vote on ban for speculation in agricultural commodities
GENEVA (Reuters) — Switzerland is obliged to hold a vote on banning speculation in agricultural commodities after a left wing political initiative gained enough signatures to force it to under Swiss law. The timing of the national vote is not clear and is pending official guidance from the government. Under the Swiss system, parliament can […] Read more
ADM wants to keep headquarters in Illinois, get Tax benefit: CFO
CHICAGO (Reuters) — Archer Daniels Midland Co. wants to locate a new global headquarters in its current home state of Illinois, Ray Young, the agribusiness company’s chief financial officer said on Tuesday. ADM said last week it was scouting locations for a new corporate headquarters because the company has become more global. Its headquarters have […] Read more
Rain may cut Ukraine’s 2014 winter grain area by 20 percent
KIEV (Reuters) — Heavy rains across Ukraine look set to shrink winter grain areas and slow exports but will not prevent the first shipments of corn to China under a landmark $1.5 billion deal signed last year, agriculture minister Mykola Prysyazhnyuk said on Tuesday. Prysyazhnyuk said in an interview winter grain area sown for 2014 […] Read more
Richardson expands business overseas
Grain handler Richardson International is establishing two new subsidiaries in Europe and Asia. Richardson has had a merchandising subsidiary in Hong Kong for three years. Two additional subsidiaries will be established in Geneva and Singapore. As the new Asia marketing director in Singapore, Boon Guay has 20 years of experience in merchandising from working at […] Read more
WTO head asks for more committment
The credibility of the global trade trading system is at risk if countries cannot reach some compromise deals in Bali, Indonesia when they gather in December, says the WTO executive director. New WTO director general Roberto Azevedo told a meeting of WTO ambassadors in Geneva Sept. 30 that he was sending a letter to trade […] Read more
Deadline approaching for Alta. flood relief applications
Nov. 30 is the deadline for Albertans to apply for disaster recovery related to June floods. On Monday, the provincial government advised that support remains available to help rebuild homes, small businesses and farms that were damaged in a flooding event that has been deemed by the insurance industry as the most expensive natural disaster […] Read more
SaskTel blacklists lost and stolen cell phones
SaskTel launched a lost and stolen mobile devices service database today that prevents mobile devices from being used on any Canadian network. Blacklisting lost and stolen devices reduces the value in stolen mobile devices for criminals, according to a news release from SaskTel. Along with participating Canadian wireless carriers and U.S. wireless carriers, SaskTel will […] Read more
