Cereals Archives | Page 367 of 681

White House seen aiming to calm U.S. farmer unrest over biofuels

By Humeyra Pamuk, Jarrett Renshaw August 20, 2019

New York/Washington | Reuters — President Donald Trump’s administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline, sources told Reuters on Tuesday. Trump held a two-hour meeting on Monday with members of […] Read more

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

Crops, Markets

U.S. grains: Wheat slides on global supplies, drags corn lower

By Julie Ingwersen August 20, 2019

Chicago | Reuters — U.S. wheat futures fell to a three-month low on Tuesday, pressured by ample global supplies and technical selling, analysts said. Corn futures also hit a three-month low, turning down as wheat sagged and storms brought crop-friendly rains to the Midwest. But soybean futures clung to modest gains, supported by declining U.S. […] Read more

ILTA Grain opened its processing plant at Belle Plaine, east of Moose Jaw, in 2017. (ILTAGrain.com)

Crops

Viterra to buy ILTA Grain pulse processing plant

By GFM Staff August 20, 2019

Creditor-protected Prairie pulse processor and exporter ILTA Grain is set to sell a next-to-new southern Saskatchewan facility to one of Canada’s biggest grain firms. Glencore Agriculture’s Viterra arm said Tuesday it has signed a purchase deal for the assets of ILTA’s processing facility at Belle Plaine, Sask., about 25 km east of Moose Jaw. Financial […] Read more

Prairie grain handler G3, in which Bunge is a joint-venture owner, marked the grand opening of a new elevator at Maidstone in western Saskatchewan on Aug. 14. (G3.ca)

Crops, Markets

Bunge CEO looks to avoid ‘stroke-of-the-pen’ risk in ongoing trade war

By Karl Plume August 20, 2019

Chicago | Reuters — A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge is facing an even more uncertain business environment, with a new CEO determined not to get burned again. Gregory Heckman, who joined Bunge’s board late last year and took on the […] Read more

Crops, Markets

Oats market steady, watching harvest

By Phil Franz-Warkentin August 19, 2019

MarketsFarm — Western Canada’s oats market is stable at prices a bit better than a year ago, as harvest gets underway and participants wait to see how much will move off the combine to the market. Early yield reports range anywhere from 80 to 140 bushels per acre, said Tyler Palmer, grain buyer with Emerson […] Read more

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

Crops, Markets

U.S. grains: Corn, soybeans slide on beneficial weekend rains

By Julie Ingwersen August 19, 2019

Chicago | Reuters — U.S. corn futures fell 1.6 per cent on Monday and soybean futures also declined after much-needed rains crossed dry areas of the Corn Belt over the weekend, bolstering crop production prospects, analysts said. Wheat followed the softer trend. Chicago Board of Trade December corn settled down 6-1/4 cents at $3.74-1/2 per […] Read more

Delmar Commodities’ Jordan Mills soybean crush plant at Roland, Man., about 25 km north of Winkler. (DelmarCommodities.com)

Crops

Ceres closes on option to buy Delmar Commodities

By GFM Staff August 19, 2019

U.S. commodities firm Ceres Global Ag Corp. has exercised its option and closed its deal to buy Manitoba grain merchandising firm Delmar Commodities. Ceres announced Friday it has completed the deal to buy all of Delmar’s shares for about $15.25 million in cash and assume about $7.6 million in existing term debt. The Minneapolis firm […] Read more

Screengrab from a Farm At Hand promotional video via Vimeo.

Crops, Machinery

Telus buys Farm At Hand

By GFM Staff August 19, 2019

Vancouver farm management software development firm Farm At Hand has become an arm of one of the Big Five in Canada’s communication services sector. Farm At Hand, which makes the cloud-based Crop Planner software suite for farmers and the Farm At Hand Agronomy suite for agronomists, announced Tuesday it has been wholly acquired by Telus […] Read more

Crops

Prairie hail claims pass 10,000 for year

By MarketsFarm Team August 16, 2019

MarketsFarm — More than 10,000 claims for hail damage have been filed by Prairie farmers so far in 2019 with insurance companies belonging to the Canadian Crop Hail Association. Between July 27 and Aug. 6, hail on the Prairies saw farmers add 900 claims alone, according to a CCHA press release Friday. To date overall, […] Read more

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

Crops, Markets

U.S. grains: Corn, soy, wheat rise but post big weekly losses

By Mark Weinraub August 16, 2019

Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Friday on a technical rebound as traders evened up positions after the grains market posted sharp declines during the week. The heavy weekly losses — corn posted its biggest weekly drop in percentage terms since June 2016 — stemmed from a surprise boost […] Read more

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