Wheat bids down again — September 15, 2014

Posted

CNS Canada – Average bids for Canada Western Red Spring (CWRS) wheat moved down by an average of $2 to $5 per tonne across Western Canada during the week ended Friday, as large global wheat supplies weighed on the North American market. The highest CWRS prices were still available in Manitoba, but average bids in […]



U.S. grains: Soy, corn futures rise; wheat dips on supply glut — September 15, 2014

Posted

Chicago | Reuters – U.S. soybean futures firmed on Monday on a bargain-buying rebound after hitting their lowest in more than four years, but gains were kept in check by expectations of a record U.S. harvest this fall, traders said. Corn futures also were higher, with short-covering and technical buying featured as prices hovered near […]


Cargill suing Syngenta over sale of GM corn banned by China — September 12, 2014

Posted

Chicago | Reuters — Cargill, the top U.S. grain exporter, sued a unit of Syngenta in a Louisiana state court on Friday for damages stemming from China’s rejection of genetically modified U.S. corn, which Cargill said cost the company more than US$90 million. Minnesota-based Cargill accuses Syngenta of exposing the grain trader to losses by […]


Rogers Sugar plans layoffs at Montreal refinery — September 12, 2014

Posted

As a cost-cutting measure in a “very competitive” domestic sugar market, Rogers Sugar plans to cut back its Montreal refinery’s workforce by 59 employees. The Montreal plant, run by Rogers subsidiary Lantic, will cut the positions through “layoffs, early retirements and voluntary departures,” the company said Wednesday. Canada’s sugar industry operates in an open market, […]


U.S. grains: Wheat to four-year lows on rising world supplies — September 12, 2014

Posted

Chicago | Reuters — U.S. wheat futures fell to a four-year low on Friday and posted their biggest weekly loss since July on weak export prospects and rising global supplies, traders said. Corn futures followed wheat lower but held above the previous day’s multiyear lows, and soybeans firmed, underpinned by short covering ahead of forecasts […]


U.S. livestock: Lower cash, beef prices drop CME live cattle — September 12, 2014

Posted

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures posted losses for a second straight day on Friday, weighed down by lower prices for slaughter-ready or cash cattle and pork at wholesale, traders said. Futures finished off session lows helped by their discounts to this week’s cash cattle returns and sentiment that the recent […]


Massive claims force EU to halt Russian fruit ban aid — September 11, 2014

Posted

Brussels | Reuters — The European Union halted an aid plan for fruit and vegetable growers hit by a Russian import ban after Polish farmers claimed far more compensation than EU officials reckon the entire bloc exports to Russia in a year. An EU official said none of the 125 million euros (US$162 million) set […]


Bigger feed wheat supplies to stay put for now — September 11, 2014

Posted

CNS Canada – Adverse weather conditions over the past month, including snow in Alberta and untimely rains in many other regions of the Prairies, are expected to lead to quality downgrades in Canada’s wheat crop. While a greater percentage of the wheat in the country will likely go to feed than normal, Canada is unlikely […]


U.S. livestock: CME live cattle slump on cash price outlook — September 11, 2014

Posted

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Thursday after investors pocketed profits in anticipation of steady or lower cash prices, traders said. October live cattle ended at 157.375 cents per pound, 2.325 lower, and December fell 2.4 cents to 159.7 (all figures US$). Futures slid after packers in Texas and […]