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File photo of barley being unloaded at a grain terminal in Ukraine on June 23, 2022. (Photo: Reuters/Igor Tkachenko)
Crops, Markets, Reuters

EU ag commissioner pushes for extension of Ukraine grain import ban

Restrictions due to expire Friday

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Brussels/Bucharest | Reuters — The EU agriculture commissioner said on Tuesday said he believes the European Commission should extend a temporary ban on Ukraine imports into five neighouring EU states, as the measure helped boost exports outside the bloc. Ukraine has become entirely dependent on alternative European Union routes, called Solidarity Lanes, for its grain […] Read more
(Christophe Paul photo courtesy USDA)
Crops, Markets

USDA adjusts soy, corn outlooks in September report

U.S. wheat usage, carryout estimates shift

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MarketsFarm — The U.S. Department of Agriculture made a number of slight changes to its forecast on soybeans and corn for 2023-24, while keeping its domestic wheat numbers from August. USDA on Tuesday issued its monthly world agricultural supply and demand estimates, adjusting its forecast on this year’s soybean yields at 50.1 bushels per acre, […] Read more
File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)
Crops, Markets, Pulses

Pulse weekly outlook: Saskatchewan production, yields ‘slightly lower’

Peas, lentils over 90 per cent harvested

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MarketsFarm — Dale Risula, Saskatchewan’s provincial specialist for pulses, forages and specialty crops, said that while this year’s harvest is progressing well, he expects average-at-best pulse production this year. As of Sept. 4, the province’s dry pea harvest was 92 per cent complete, while 91 per cent of the lentil crop was combined. Only 51 […] Read more
(OceanFishing/iStock/Getty Images)
Canola, Crops, Markets

Numerous revisions to USDA’s data on Canadian canola

Outlooks raised for ending stocks, cut for domestic use

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MarketsFarm — Canola production numbers for Canada as estimated by the U.S. Department of Agriculture underwent several changes for the 2022-23 and 2023-24 crop years. The data for Canada was among the estimates USDA’s Foreign Agricultural Service (FAS) put in its monthly report, Oilseeds: World Market and Trade. The FAS dropped its production estimates on […] Read more
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Futures sharply lower on U.S. harvest outlook

Wheat bounces on smaller-than-expected world stocks forecast

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New York | Reuters — Chicago soybeans plummeted to a three-week low and corn sharply dropped on Tuesday after a government report said crops were not hampered as much as some traders had expected by hot and dry summer weather. The U.S. Department of Agriculture raised its outlook for the corn harvest, as expectations for […] Read more
Oats. (Greg Berg photo)
Crops, Markets, Oats

StatCan expected to raise estimate for oats production

Ending stocks estimate 'probably fairly accurate'

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MarketsFarm — Ahead of the model-based Statistics Canada production report due out on Thursday, Scott Shiels of Grain Millers Canada in Yorkton, Sask. said it’s likely the agency’s numbers for oats will increase. StatCan issued its first model-based production report for 2023-24 on Aug. 29, which placed the country’s oats at about 2.429 million tonnes. […] Read more
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn choppy, wheat hits new contract low

Market eyes USDA's monthly supply-demand report for price direction

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Chicago | Reuters — Chicago corn futures were choppy and wheat futures slid to the lowest level since May on Monday as traders scrambled to adjust their positions ahead of a key government crop report. Corn futures firmed late in the session on short-covering, and as market players debated how big the cuts to the […] Read more
(Bhofack2/iStock/Getty Images)
Crops, Markets, Reuters

J.M. Smucker to buy Twinkies maker Hostess in US$5.6 billion deal

'Very surprised (anyone) is paying this amount'

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Reuters — J.M. Smucker on Monday agreed to buy Twinkies maker Hostess Brands for US$5.6 billion including debt in a deal that unites two major American snack makers. The deal was worth about $4.6 billion excluding debt, with Jif peanut butter maker Smucker paying Hostess shareholders $34.25 per share (all figures US$). The cash-and-stock offer […] Read more
File photo of a Prince Edward Island potato field. (Onepony/iStock/Getty Images)
Crops, Potatoes

P.E.I. potato growers, CFIA to draft plan for ‘pest-free places’

Plan would support movement of seed potatoes, feds say

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A system of “pest-free places of production” (PFPP) is now on the drawing board for Prince Edward Island’s potato sector, following a meeting between federal and industry officials. Federal Agriculture Minister and P.E.I. MP Lawrence MacAulay on Friday reported meeting with staff and representatives of the P.E.I. Potato Board, to discuss next steps in the […] Read more
(Bhofack2/iStock/Getty Images)
Crops, Markets, Reuters

U.S. food companies go deal hunting as pandemic growth fades

Twinkies maker Hostess exploring a sale

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Reuters — U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of price hikes start to taper off. Last month, Campbell Soup struck a $2.7 billion deal for Rao’s sauce maker Sovos Brands (all figures US$). Unilever bought […] Read more

Canadian Cattlemen Presents: Depth of Field

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