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Dominic Barton. (Video screengrab from McKinsey.com)

Industry groups hail appointment of new China envoy

By David Ljunggren September 5, 2019

Ottawa | Reuters — Canada has appointed veteran business consultant Dominic Barton as ambassador to China, Prime Minister Justin Trudeau said on Wednesday, as the government grapples with a major diplomatic and trade dispute between the nations. Barton, 56, a Ugandan-born Canadian who stepped down as global managing partner of consulting firm McKinsey and Co. […] Read more

Louis Dreyfus’ grain elevator at Joffre, Alta., northeast of Red Deer. (LDC.com)

Crops

P+H to buy Louis Dreyfus’ Prairie elevators

By Dave Bedard, GFM Network News September 5, 2019

Updated — Commodities and agrifood giant Louis Dreyfus Co. is stepping out of the grain handling business it built in Canada with a deal to sell its Prairie elevator network. Louis Dreyfus (LDC) announced Wednesday it has an agreement in place to sell its 10 elevators across Western Canada to Winnipeg grain company Parrish and […] Read more

CBOT November 2019 soybeans with 21-day moving average. (Barchart)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Late U.S. crop should slow corn price declines

By Phil Franz-Warkentin September 4, 2019

MarketsFarm — Chicago Board of Trade corn futures fell to fresh contract lows during the week ended Wednesday, but could be running out of room to the downside amid concerns over the lateness of this year’s U.S. crop. “The weather is benign and the government is telling us there’s really no problem with the crop,” […] Read more

ICE November 2019 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Count on canola remaining rangebound

By Glen Hallick September 4, 2019

MarketsFarm — Despite three reports to be released between now and Thursday next week, canola is very likely to remain rangebound along with other oilseeds, said David Derwin of PI Financial in Winnipeg. Statistics Canada on Friday will release its report for grain stocks as of July 31; then the federal agency issues its satellite-survey […] Read more

CBOT December 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn extends slide on crop prospects

By Julie Ingwersen September 4, 2019

Chicago | Reuters –– Chicago corn futures fell for a third straight session on Wednesday, setting life-of-contract lows as improving crop ratings and benign weather forecasts raised confidence in U.S. harvest prospects, traders said. Wheat rose, with benchmark Chicago wheat rebounding from a three-month low set a day earlier and K.C. and Minneapolis hard wheat […] Read more

MGEX September 2019 spring wheat with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Wheat sags on abundant global supplies

By Julie Ingwersen September 3, 2019

Chicago | Reuters — Chicago Board of Trade (CBOT) soft red winter wheat futures fell to three-month lows on Tuesday while U.S. hard wheat futures hit their lowest levels in a decade, pressured by ample world supplies and strong export competition, analysts said. Corn futures fell to life-of-contract lows on mild crop weather that bolstered […] Read more

Canola, Corn, Crops, Markets, Soybeans

Short position steady in canola, growing in corn

By Phil Franz-Warkentin September 3, 2019

MarketsFarm — Fund traders were content to sit on their large net short position in canola during the week ended Aug. 27, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 62,104 on Aug. […] Read more

File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Crops, Markets, Pulses, Weather

Pulse weekly outlook: Harvest weighs on Saskatchewan bids

By Phil Franz-Warkentin September 3, 2019

MarketsFarm — Seasonal harvest pressure may be weighing on pea and lentil bids in Western Canada — but rain delays could lead to quality premiums down the road. Large green lentils delivered to the plant are currently trading at around 20 cents/lb. at the high end, with red lentils topping out at 16 cents/lb. delivered, […] Read more

File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Crops, Markets, Reuters, Spring Wheat

Brazil expected to introduce tariff-free wheat import quota from 2020

By Roberto Samora September 3, 2019

Sao Paulo | Reuters — Brazil is expected to introduce a tariff-free wheat import quota of 750,000 tonnes per year starting from 2020, the president of the country’s wheat industry group Abitrigo, Rubens Barbosa, said on Tuesday. Brazil announced the opening of the tariff-free wheat import quota earlier this year in connection with President Jair […] Read more

File photo of a combine harvesting a wheat crop in Ukraine. (SergBob/iStock/Getty Images)

Crops, Reuters

Ukraine president plans farmland reform, large privatizations

By Reuters September 2, 2019

Kiev | Reuters — Ukraine President Volodymyr Zelenskiy ordered his new government to submit a draft law for land market reform by the start of October and to prepare large-scale privatizations of state companies starting in April next year. Zelenskiy has pledged to lift a longstanding ban on the sale of farmland, a move that […] Read more

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

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