Chicago | Reuters — U.S. corn futures eased on Thursday on a round of profit-taking following a rally to a nine-month high, with forecasts for improved planting weather in key growing areas also weighing on prices, traders said. “The central and southern Midwest and Delta should finally see an extended stretch of drier weather, lasting […] Read more
U.S. grains: Corn, wheat futures back away from peaks
U.S. grains: Corn hits nine-month high
Chicago | Reuters — U.S. corn futures rallied to a nine-month peak and wheat rose to its highest in nearly seven weeks on Wednesday, supported by a round of short-covering amid persistent concerns about adverse weather curtailing harvest expectations for both grains, traders said. Soybean futures also were firm, with U.S. President Donald Trump’s announcement […] Read more
CTA to bump up Prairie grain freight cost index
Fuel and infrastructure improvements are expected to push up the cost of railroading and, in turn, the index guiding how much money Canada’s big two railways get to keep from hauling Prairie grain in the next crop year. The Canadian Transportation Agency (CTA) on Wednesday announced it will set the volume-related composite price index (VRCPI) […] Read more
U.S. grains: Wheat, soy, corn rebound after early drops
Chicago | Reuters — U.S. wheat futures rallied on Tuesday, surging 2.4 per cent on a bargain buying rebound after falling to their lowest in nearly three weeks early in the session. The gains in wheat spilled over into the corn market and soybean futures also rose, snapping a four session losing streak. But strength […] Read more
Grain handle drops in CN’s first quarter
Reduced traffic in grain, fertilizers and petroleum, against increased costs from “challenging operating conditions,” ate into the first-quarter bottom line for Canadian National Railway (CN). Montreal-based CN on Monday booked net income of $741 million on total revenues of $3.194 billion for its quarter ending March 31, down from $884 million on $3.206 billion in […] Read more
Farmland values rise, but interest rates curb market
CNS Canada — Prices of Canadian farmland were seen rising in 2017, with most sales happening in the first half of 2017 before interest rate increases and the drought in Western Canada hit. That’s according to the annual Farmland Values Report released Monday by Farm Credit Canada (FCC), based on 90 per cent of farmland […] Read more
Trade predicts fewer pulse acres, another canola record
CNS Canada — With the uncertainty regarding the pulse exports to India, it’s looking like 2018 could see more canola acres planted in Canada. Statistics Canada will release its Principal Field Crop Areas report on Friday (April 27). Last year saw Canada’s canola area at a record 23 million acres, but this year could again […] Read more
U.S. grains: CBOT soybeans extend losing streak
Chicago | Reuters — U.S. soybean futures fell for a third straight session on Monday, with concerns about demand from China in focus amid a lack of fresh deals with the top global buyer of the oilseed, traders said. Wheat futures were mixed, with Chicago Board of Trade soft red winter wheat contracts retreating from […] Read more
Strike action postponed at CP
Conductors, engineers and signal maintainers at Canadian Pacific Railway won’t be walking off the job Saturday, but will instead vote soon on a contract offer their unions recommend they reject. Federal Labour Minister Patty Hajdu on Friday agreed to a request from CP to have the Canadian Industrial Relations Board administer a ratification vote on […] Read more
U.S. grains: Wheat, corn, soy fall on weather outlook
Chicago | Reuters — U.S. wheat, corn and soybean futures fell on Friday, with forecasts for beneficial crop weather across key growing areas sparking a round of fund liquidation ahead of the weekend, trader said. Wheat led the declines with the front-month Chicago Board of Trade soft red winter wheat contract sagging 2.8 per cent. […] Read more
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