Chicago | Reuters — Chicago Board of Trade wheat futures sank 3.2 per cent on Friday, following a six-day rally that had pushed prices to their highest in 7-1/2 months, traders said. “This has just been a fantastic week of gains,” said Bill Gentry, a broker at Risk Management Commodities. “The funds are taking a […] Read more
U.S. grains: Wheat drops on profit-taking
Steel shock drives wedge into sluggish NAFTA talks
Mexico City | Reuters — Negotiators trying to rework the NAFTA trade deal on Thursday were hit by the prospect of a battle over U.S. steel tariffs that could make it more complicated to build autos in North America, one of the most sensitive issues at the talks. U.S. President Donald Trump said he would […] Read more
Farmers seek ‘urgent’ action from Senate on rail service
Groups representing Canadian grain growers touched down in Ottawa Thursday to urge quick passage of legislation to avoid a sequel to the grain handling logjam of 2013-14. Representatives from the Canadian Federation of Agriculture, Grain Growers of Canada, Keystone Agricultural Producers, Agricultural Producers Association of Saskatchewan, Alberta Federation of Agriculture and B.C. Agriculture Council went […] Read more
Feed weekly outlook: Prairie feed grain prices on rise
CNS Canada — Prices are rising for feed grains in Lethbridge, with buyers starting to consider their options. “Seems every day this last week we’re surprised at higher offers being triggered than the day before,” said Jared Seitz, trade manager with Agfinity Inc. In Lethbridge, feed barley bids last week were at $5 per bushel […] Read more
U.S. grains: Wheat, soybean futures rally
Chicago | Reuters — U.S. wheat futures rose for the sixth day in a row on Thursday, with new forecasts calling for extended dryness in the U.S. Plains pushing prices to fresh 7-1/2-month highs, traders said. Soybean futures rallied to a 13-month high on signs of strong export data. Parched soils in Argentina that threatened […] Read more
U.S. grains: CBOT wheat notches fifth day of gains
Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures jumped 3.3 per cent on Wednesday to their highest level in more than seven months, breaking through key technical barriers on support from concerns about crop development in the U.S. Plains, traders said. The gains in the wheat market spilled over into […] Read more
Tepid rail service cripples farmer deliveries on Prairies
CNS Canada — Prairie farmers are struggling to generate cash flow for their operations due to the lack of rail cars that are available to pick up their grain. “Spring is coming up, farmers need cash flow and we don’t get cash flow if your grain is sitting in a bin waiting for a train […] Read more
U.S. grains: Wheat hits seven-month high on crop ratings
Chicago | Reuters — U.S. wheat prices rose to roughly seven-month highs on Tuesday as low crop ratings and limited chances of rain in drought-hit parts of the Plains growing region kept attention on the risk of yield losses. The gains were fueled by U.S. Department of Agriculture data released late on Monday that rated […] Read more
New rules on passive investment arrive in budget
It’s got no new nuggets specifically for crop or livestock producers, but Tuesday’s federal budget includes the end results of last year’s consultations — and backlash — on corporate taxation. Finance Minister Bill Morneau’s 2018 budget proposes a couple of new limits on Canadian-controlled private corporations’ (CCPC) ability to benefit from a lower tax rate […] Read more
Trump pushes for more talks after ‘no deal’ on biofuels
Reuters — U.S. President Donald Trump has asked for more talks between representatives of the oil and corn industries after a meeting on Tuesday failed to yield an agreement on how to help refiners cope with the country’s biofuels policy. Trump has called the talks between Big Corn and Big Oil amid rising concern in […] Read more
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