Belarus cancels import ban on live cattle from EU — August 22, 2014

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Minsk | Reuters — Belarus, aiming to boost food exports to neighbouring Russia, has cancelled a ban on live cattle from the European Union, Yuri Pivovarchuk, the head of veterinary surveillance at the Belarussian agriculture ministry, said. Minsk said the cancellation of the ban was not caused by its plans to increase exports to Russia, […]


Colorado voters to weigh in on GMO food labeling — August 22, 2014

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Reuters — Colorado voters in November will have their say on a proposition that would require labels on foods that contain genetically modified ingredients (GMOs). Proponents of GMO labeling initiatives, who say they have the right to know what is in their food, have been gaining steam in the U.S. Their wins have come despite […]


France forced to import wheat as rain hits crop quality — August 22, 2014

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Paris | Reuters — France’s rain-hit wheat crop has delivered the first shock of the 2014-15 season: the EU’s top grower and exporter is buying Lithuanian and British milling wheat to mix with its unusually poor-grade crop to meet contracts signed before the harvest. French exports exceed those of Britain and Lithuania on the world […]


European quality issues support Prairie durum bids — August 21, 2014

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CNS Canada – Durum bids in Western Canada are showing strength relative to other wheat classes, with premiums for higher-quality supplies expected to remain in place or widen as the industry awaits Canada’s crop. Canada’s 2014-15 durum crop is estimated at 4.9 million tonnes by Statistics Canada, which compares with 6.5 million the previous year. […]


U.S. grains: Markets rebound from losses, contract low in soy — August 21, 2014

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Chicago | Reuters – U.S. grain futures edged higher on Thursday in a rebound from losses the previous session, with solid export sales helping to support the recovery. Soybeans settled mixed, after the new-crop contract matched a contract low set on Wednesday on expectations of bumper U.S. harvests. Expectations for massive U.S. crops continued to […]


U.S. livestock: CME hogs turn higher on short-covering — August 21, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog contracts closed higher on Thursday on short-covering and futures’ discount to CME’s hog index at US109.25 cents. October and December ended 1.125 cents higher at 93.625 and 87.55 cents per pound, respectively (all figures US$). CME hogs had a relative strength index (RSI) of 15. A RSI […]


StatsCan confirms small crops, but reaction subdued — August 21, 2014

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CNS Canada – Canada’s grain and oilseed production will be much smaller than the record crops of 2013-14, according to survey results Statistics Canada released Thursday — but a lack of reaction in futures markets was seen as a sign that the trade is already looking beyond the report. “All of the numbers came in […]


Russia eases some food bans to support own industry, Finland — August 20, 2014

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Moscow | Reuters – Russia’s government has eased some self-imposed bans on Western food, allowing imports of material that could be used to boost its own agricultural industry and softening the costs on some firms in neighbour Finland. Earlier this month, Russia banned all meat, fish, dairy, fruit and vegetable imports from the U.S., EU, […]


CBOT corn, soybeans see bearish weather and yield estimates — August 20, 2014

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CNS Canada – Corn contracts on the Chicago Board of Trade closed mixed on the week ending Wednesday, with only September contracts closing higher. December contracts for corn closed at US$10.38 per bushel, down from $10.4675 the previous week. Traders are focusing on yield estimates from ongoing crop tours in the U.S., according to industry […]


ICE weekly outlook: More downside possible for canola — August 20, 2014

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CNS Canada – ICE Futures Canada canola contracts moved sharply lower during the week ended Wednesday, following the weakness seen in global vegetable oil markets. The November future hit fresh contract lows, falling to $420.50 per tonne during the Wednesday trading session, beating the previous fresh low of $424.50 on Aug. 15. The bias is […]