U.S. grains: Corn gains on firm cash market, rain-delayed planting — April 23, 2014

Posted

Chicago | Reuters – U.S. corn futures advanced for a second straight session on Wednesday, adding more than one per cent on firm cash markets and as cooler and wetter weather in the central U.S. stalled planting of the crop in the western corn belt. Soybeans were mixed, with nearby prices pressured by spread trading […]


CP, CN book higher Q1 grain revenue, smaller grain handle — April 23, 2014

Posted

First-quarter revenue from grain handling is up at both Canadian Pacific (CP) and Canadian National (CN) Railways as the two companies both reported higher overall quarterly profit. CP on Tuesday booked overall first-quarter net income of $254 million on revenues of $1.509 billion for the period ending March 31 — the company’s best-ever Q1 result, […]


Barclays joins retreat from commodities as new rules bite — April 22, 2014

Posted

London | Reuters – Barclays will quit most of its commodities trading businesses, joining a broader retreat by banks as profits tumble in the face of tougher regulation. The British bank’s exit means three of the top five banks in commodities have significantly reduced or shuttered their natural resource trading arms since last summer, with […]


CME Group overhauls daily grain price limits — April 22, 2014

Posted

Chicago | Reuters – CME Group Inc., the world’s largest futures market operator, said Tuesday it will overhaul the system for setting daily price limits for U.S. grain and oilseed futures to reflect fluctuations in crop prices. Starting on May 1, CME, owner of the Chicago Board of Trade (CBOT) and other exchanges, will apply […]


U.S. grains: Corn rises on planting delays; soybeans sink — April 22, 2014

Posted

Chicago | Reuters — U.S. corn futures jumped on Tuesday as concerns about slow planting progress helped fuel a rebound from sharp losses the previous session, while soybean futures tumbled on increased imports into the U.S. Weather took centre stage for the corn market as traders worried rains may prevent farmers from making progress in […]


Less wheat, more canola expected in Canada — April 21, 2014

Posted

CNS Canada – Canadian farmers are expected to seed less wheat and more canola in 2014, according to average trade guesses ahead of Statistics Canada’s planting intentions report due out Thursday. “Compared to last year, we’ll see less wheat,” said Jon Driedger of FarmLink Marketing in Winnipeg, estimating spring wheat area could be down by […]


CWRS wheat prices down as basis widens — April 21, 2014

Posted

CNS Canada – Cash bids for Canada Western Red Spring (CWRS) wheat eased during the week ended Monday, as U.S. wheat futures were weaker and basis levels widened. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $192 per tonne, or $5.32 per bushel, […]


U.S. grains: Markets sink on improved weather, fund selling — April 21, 2014

Posted

Chicago | Reuters – U.S. wheat futures fell the most in more than a year on Monday as rains expected in the drought-stricken U.S. Plains raised hopes for the upcoming harvest. Improved weather also pressured corn and soybean futures amid projections for accelerated plantings in the U.S. Midwest. Technical and fund selling helped drive losses […]


Corn, soybeans seen expanding on Prairies — April 21, 2014

Posted

Winnipeg | CNS Canada – Corn and soybean acres have expanded in Western Canada in the last 10 years and should continue to do so, according to Monsanto Canada’s vice-president. “When we think about our corporate vision and the potential to deliver on 110-bushel-per-acre corn, 40 bu./ac. soybeans, and 52 bu./ac. of canola, we believe […]


Billiton resumes Sask. potash work at ‘modulated’ pace — April 21, 2014

Posted

Global mining giant BHP Billiton has resumed excavation work it put on hold late last year at its potash mining project in Saskatchewan — but plans to pace its dig to best meet market demand. The Australian/British company on Wednesday released its operational review for the nine months ending March 31, in which it reported […]