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CBOT January 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Rains in drought-hit Argentina pressure CBOT futures

Recession fears add pressure to markets, analysts say

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Chicago | Reuters — Chicago Board of Trade grain and soybean futures slid on Monday after beneficial rains hit Argentina’s drought-stricken agricultural zone, analysts said. Argentina is the world’s leading exporter of processed soy, but its usually green Pampas plains have been hit by a historic drought that is preventing many farmers from planting their […] Read more
A November photo from Waterloo Brewing’s company blog promoting its “apple crumble porter” from its 2022 Signature Series Winter Collection. (WaterlooBrewing.com)
Barley, Crops, Markets

Carlsberg to buy Ontario’s Waterloo Brewing

Danish brewing giant paying $144 million to scale up Canadian business

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One of the world’s biggest beer companies is moving to expand its brewing capacity on Canadian soil with a $144 million deal for Kitchener-based Waterloo Brewing. Carlsberg Group on Wednesday announced an all-cash deal worth $4 per share for all shares of Waterloo Brewing, which bills itself as the largest Canadian-owned brewery in Ontario and […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Prices a mixed bag across West

U.S. wheat futures down on week

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MarketsFarm — Wheat prices on the Canadian Prairies for the week ended Thursday were mixed as CWRS wheat was either side of unchanged and CPSR was down slightly. Meanwhile, durum made modest gains. Declines in the U.S. wheat complex put pressure on western Canadian cash prices, but those declines were countered by a weaker Canadian […] Read more
File photo of the Rainbow Bridge across the Niagara River between Ontario and New York. (Bloodua/iStock/Getty Images)
Crops, Markets

Large gap between StatCan, USDA canola estimates

USDA sticks closer to StatCan expectations on wheat

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MarketsFarm — There’s a significant difference in the amount of canola grown in Canada during 2022-23, in the estimate from Statistics Canada (StatCan) compared to that from the U.S. Department of Agriculture (USDA). Earlier in December, StatCan’s survey-based production of principal field crops report pegged this year’s canola harvest at 18.17 million tonnes. That’s a […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC raises canola stocks projection, despite smaller crop

Department also trims wheat ending stocks

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MarketsFarm — Canadian canola ending stocks for 2022-23 were revised higher by Agriculture and Agri-Food Canada in its latest supply/demand estimates, released Friday. The larger carryout projection came despite a downward revision to production, as both exports and domestic usage were also down from the November report. The government agency now sees canola carryout of […] Read more
File photo of a cornfield in Mexico. (Roberto Cabrera/iStock/Getty Images)
Corn, Crops, Reuters

Mexico says it aims for agreement with U.S. on GM corn in January

U.S. officials threatening action under CUSMA pact

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Mexico City | Reuters — Mexico and the United States aim to reach an agreement in January over a pending Mexican ban on imports of genetically modified (GM) corn, the Mexican foreign ministry said on Friday after officials from the two countries held talks in Washington. In a statement, the ministry said talks would continue […] Read more
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, wheat futures fall on fund selling

Soybean futures rise

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Chicago | Reuters — U.S. corn and wheat futures dipped on Friday, with concerns about a weakening global economy deterring traders from extending gains made earlier this week. “Fund managers continue to interpret their supply and demand fundamentals through a lens coloured by recession fears,” Arlan Suderman, chief commodities economist at brokerage StoneX, said in […] Read more
ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola trade’s focus on South America

Canola still entrenched in $800-$900 range

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MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, looking for some direction to push values one way or the other. “We’re just watching South American weather now,” said Jaimie Wilton, commodities futures specialist with RJ O’Brien in Winnipeg, pointing to the drought in Argentina and the relatively favourable conditions […] Read more

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