New York | Reuters — U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry. The legislation, seen by Reuters, would impose a tax incentive of up to US$2 for every gallon […] Read more
U.S. lawmakers to propose tax credit for sustainable aviation fuel
Fuel from plant oils, animal fats would qualify
U.S. grains: Corn futures rise; soybeans, wheat weak
Kansas winter wheat tour sees record yield potential
Chicago | Reuters — U.S. corn futures rose on Thursday, with strong export demand highlighting concerns about dwindling crop supplies due to harvest shortfalls in Brazil, traders said. Soybeans and wheat weakened after firming early in the session. Private exporters reported the sale of 1.224 million tonnes of corn to China for delivery in the […] Read more
India’s federal police probe bosses of two fertilizer companies
Large-scale nutrient purchases often known to sway spot prices
Mumbai | Reuters — Indian authorities have opened an investigation into the heads of two leading fertilizer importing companies, alleging they secured commissions from overseas suppliers for inflating the prices of crop nutrient purchases. The Central Bureau of Investigation (CBI), India’s top crimefighting agency, said late Wednesday it was investigating U.S. Awasthi, managing director of […] Read more
Feed weekly outlook: Saskatchewan barley price spikes, drops
MarketsFarm — It was a tale of two weeks for Saskatchewan feed barley prices. The high-delivered bid for the crop on May 11 bolted from $6 per bushel to $6.75 in one day, according to Prairie Ag Hotwire data. Saskatchewan’s price spike put the bid only 80 cents behind Alberta’s. However, on May 19, while […] Read more
Prairie growers on lookout as insects seize opportunity
Dry conditions, delayed seeding lift pest counts
MarketsFarm — With most Prairie growers’ newly seeded crops already up against dry conditions, growers remain on the lookout for insects which further threaten the health of those seedlings. Considering the high prices of many crops this season, the potential damage would be more costly. John Gavloski, entomologist for Manitoba Agriculture, said there is a […] Read more
Ford wires its electric trucks for business customers
Tesla, GM seen positioning electric pickups as 'lifestyle vehicles'
Detroit | Reuters — Ford Motor Co.’s newly revealed electric version of its best-selling F-150 pickup doubles down on a bet that the company can beat Tesla and other rivals by giving new technology a familiar face and convincing longtime fleet and business customers that going electric saves money. Ford officially unveiled the battery electric […] Read more
ICE weekly outlook: Attention turns to new-crop canola
'Somebody's feet will be held to the fire'
MarketsFarm — Wide price swings in the nearby ICE Futures July canola contract over the past few weeks have sent most commercial trade into the new-crop November, with direction in the front month hard to predict given recent volatility. “Where (July canola) finally goes off the board, I have no idea, but I wouldn’t be […] Read more
CBOT weekly outlook: Commodities see ‘much needed’ correction
'You’re not going to go up every day'
MarketsFarm — A bullish market and sharp increases in commodities at the Chicago Board of Trade (CBOT), turned downward Wednesday in what Sean Lusk of Walsh Commercial Hedging Services called a “much needed correction.” Prices pulled back that day by varying degrees for soybean, corn and wheat futures, coinciding with declines in other commodity futures […] Read more
U.S. grains: Wheat, soybeans plunge on fund selling
Chicago July corn flat
Chicago | Reuters — U.S. soybean and wheat futures fell more than two per cent on Wednesday, with traders noting selling by investment funds as commodity contracts tumbled through key technical support points. The most-active corn futures ended unchanged, steadying after trading in negative territory for much of the session. Deferred contracts were slightly lower. […] Read more
U.S. livestock: Cattle, hog futures up with cash markets
Boxed beef, select cuts priced at one-year highs
Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose on Wednesday, with the market underpinned by strength in the cash markets. Prices for the cattle contracts hit their highest in nearly a week, but closed off their session peaks as the corn market recovered from sharp declines. The early weakness in corn […] Read more
Canadian Cattlemen Presents: Depth of Field
