Chicago | Reuters — U.S. soybean futures dropped to a one-month low on Thursday as doubts over the chances for the U.S. and China to reach a trade deal soon hung over the market. Corn futures inched up, while wheat slumped. Price movements were limited by uncertainty over progress in talks between Washington and Beijing […] Read more
U.S. grains: Soybeans set one-month low on trade doubts
Syngenta to halt Canadian cereal development operations
Seed and ag chem giant Syngenta plans to wrap up a decade of cereal seed research and development work in Canada by the end of the year. The company announced Wednesday it will discontinue its Canadian cereal seed research and development program effective at the end of calendar 2019, affecting five Syngenta Canada staff positions. […] Read more
Down with DON: a clear corn crop
Toxin levels are lower this year thanks to weather and farmer and supplier vigilance
The Ontario corn ear mould and mycotoxin survey showed levels are considerably lower than 2018 with 96 per cent of samples testing less than two parts per million of deoxynivalenol (DON). OMAFRA field crop specialists, Grain Farmers of Ontario and members of the Ontario Agri-Business Association collaborated to complete the survey. Why it matters: Farmers […] Read more
U.S. grains: Soybeans sag on diminishing hopes for China deal
Chicago | Reuters — U.S. soybean futures slipped on Wednesday on diminishing hopes for a deal to ease the trade war with China that has slowed exports of U.S. agricultural products. The market turned lower after a report that trade negotiations “hit a snag” over farm purchases. U.S. President Donald Trump on Tuesday dangled the […] Read more
Ukrainian lawmakers vote to lift ban on sale of farmland by 2020
Kiev | Reuters — Ukrainian lawmakers voted Wednesday to remove a ban on the sale of farmland for the first time in nearly two decades, a move supported by the country’s foreign backers that risks a political backlash. The proposal must be voted on a second time to come into force. The ban would be […] Read more
ADM says to focus on organic growth after acquisitions
Geneva | Reuters — Grain trader Archer Daniels Midland does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday. “With this level of acquisitions we have had, I don’t think you will see ADM being a very […] Read more
Glencore’s head barley trader leaves post
Paris | Reuters –– Glencore Agriculture removed head barley trader Mathieu Kleine from his post last week, market sources familiar with the matter said. The grain merchant, which is part owned by diversified commodity group Glencore, dismissed Kleine due to disappointing results, two of the sources said. It was not clear if Kleine was still […] Read more
Alberta harvest likely finished for 2019 in some regions
MarketsFarm – Alberta farmers managed to make some progress despite trying conditions of cold temperatures mixed with snow and rain, including some hail, according to the province’s latest weekly crop report. For the week ended Nov. 5, approximately 88.0 per cent of all Alberta crops were in the bin. That’s up from 80.9 per cent […] Read more
CWRS bids edge lower with Minneapolis futures, CPSR up
MarketsFarm – Wheat bids in Western Canada were mixed during the week ended Nov. 7, with a steady to lower tone in Canada Western Red Spring Wheat as a downtrend in the Minneapolis future weighed on values. However, the Chicago and Kansas City winter wheat contracts trended higher, which underpinned Canada Prairie Spring Red (CPSR) […] Read more
Feed weekly outlook: Barley, feed wheat at par in southern Alberta
MarketsFarm – Feed barley prices in southern Alberta’s feedlot alley moved higher over the past few weeks, but the price rise will likely slow down as barley trades at par with feed wheat. Feed barley and feed wheat are both currently trading at around C$225 per tonne delivered into Lethbridge, Alta. “That’s a sell signal […] Read more
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