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CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat slumps after Egypt again passes on U.S. product

Soybeans slip on low exports, livestock feed worries

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Chicago | Reuters — U.S. wheat futures retreated on Thursday as worries over favourable weather dissipated and demand concerns resurfaced after top importer Egypt passed on U.S. wheat in a purchasing tender for a second straight day. Soybean futures sagged on weaker-than-expected export sales and worries of diminished livestock feed demand, while corn firmed after […] Read more
(Alexey Rezvykh/iStock/Getty Images)
Crops

‘So far, so good,’ fertilizer sector says

Fertilizer Canada says vast majority of members have sufficient supplies in place or en route

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There shouldn’t be any problems in supplying farmers with fertilizer this spring, says the organization representing manufacturers and distributors. “Our members are set to go,” Fertilizer Canada president and CEO Garth Whyte said in a news release Wednesday. “COVID-19 plans were quickly established at facilities, in conjunction with being declared an essential service, there was […] Read more
Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)
Crops

Canopy Growth to close Saskatchewan pot plant

Ontario company stepping out of other international plays

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A major indoor cannabis grow site at Yorkton, Sask. is the latest casualty as pot producer/retailer Canopy Growth adjusts its worldwide footprint. Smiths Falls, Ont.-based Canopy Growth, whose cannabis brands include Tweed, Tokyo Smoke, Van der Pop and Spectrum Therapeutics, announced Thursday it will shut down its Tweed Grasslands production facility at Yorkton to “further […] Read more
CBOT May 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn futures set 3-1/2 year low as ethanol output tumbles

Soy futures consolidate after 3-1/2 week low

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Chicago | Reuters — U.S. corn futures dropped to their lowest level in about 3-1/2 years on Wednesday as weekly ethanol output set a record low, reflecting weak demand for the crop during the coronavirus outbreak. Soybean and wheat futures also fell at the Chicago Board of Trade. Demand for corn-based ethanol has suffered as […] Read more
ICE May 2020 canola (candlesticks, in Cdn$) and CBOT May 2020 soymeal (yellow line, US$). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Loonie’s rally kept canola lower

CBOT soymeal, soyoil also drag on canola

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MarketsFarm — Canola prices dropped over the last week due to a combination of factors, according to David Derwin of PI Financial in Winnipeg. The Canadian dollar was one of those factors, as it had a small rally that pushed the loonie to almost 72 U.S. cents. That rally ended Wednesday, however, when the dollar […] Read more
Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)
Crops, Reuters

Proxy advisers split over endorsing Bayer management

Chemical giant to host AGM April 28

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Frankfurt | Reuters — Shareholder advisory groups are divided over whether to endorse the management and directors at German drugs and pesticides company Bayer, according to recommendations submitted by proxy voting firms. Bayer is due to host its annual general meeting on April 28 but the company still faces potentially huge litigation risks stemming from […] Read more
(ArmadaFoods.com)
Crops, Lentils, Markets, Pulses

Pulse weekly outlook: Turkey may see larger red lentil crop

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MarketsFarm — Turkey is expecting to see an increase in lentil production in 2020, according to a processor in the country. White bean production is also expected to rise, although chickpea production could be down slightly on the year. Fethi Sonmez, CEO of Turkey-based Armada Foods, expects to see red lentil production in the country […] Read more
CBOT May 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans fall further on coronavirus demand risks

Wheat slides as U.S. crop ratings hold steady

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Chicago | Reuters — Chicago soybean futures slid lower on Tuesday as fears of demand destruction for livestock feed due the closure of several U.S. meat packing plants hung over the market. Corn also inched lower, hovering near a 3-1/2-year low as it tracked crude oil markets. More than a third of the U.S. crop […] Read more

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