Chicago | Reuters — U.S. winter wheat futures surged to their highest in at least four months on Tuesday, led by a more than three per cent rally in hard red winter wheat, after the government slashed condition ratings for the drought-hit U.S. Plains crop. Soybeans and corn also advanced on technical buying and short […] Read more
U.S. grains: Winter wheat jumps as crop conditions drop
EU review of Bayer’s Monsanto bid postponed further
Frankfurt/Brussels | Reuters — Bayer’s quest to win regulatory approval for its planned takeover of Monsanto ran into further delays on Monday as European Union antitrust investigators extended their investigation by five working days until March 12. The ongoing proceedings would have given the German drugs and pesticides maker until midnight on Monday to offer […] Read more
U.S. grains: Corn, soy rise on South American weather worries
Chicago | Reuters — U.S. soybean and corn futures climbed on Monday on short-covering and concerns that the weather in South America could hamper production of the crops in Brazil and Argentina. Wheat rallied around two per cent as commodity funds exited short positions and on increasing worries that dry weather in the U.S. Plains […] Read more
U.S. rejects proposals to unblock NAFTA, but will stay in talks
Montreal | Reuters — U.S. President Donald Trump’s trade chief on Monday dismissed Canadian proposals for unblocking NAFTA modernization talks but pledged to stay at the table, easing concerns about a potentially imminent U.S. withdrawal from the trilateral pact. Trump, who described the 1994 pact as a disaster that has drained manufacturing jobs to Mexico, […] Read more
At NAFTA talks, Canada hails jet case as victory for free trade
Montreal | Reuters — Canadian plane maker Bombardier won a major U.S. case on Friday, which government officials said showed the importance of free trade at a time when talks to modernize the NAFTA pact are moving slowly. A U.S. tribunal unexpectedly dismissed a complaint by Boeing against alleged dumping by Bombardier in the case […] Read more
Feds pledge funds for organic standards review
A review and update of Canada’s organic standards for compliance with international norms will get federal funding to make sure it’s complete by its 2020 deadline. Agriculture Minister Lawrence MacAulay on Friday announced the government will foot the “necessary funds” to the Canadian General Standards Board (CGSB) to cover the cost of the 2020 Canadian […] Read more
U.S. grains: Hard red winter wheat jumps as traders watch weather
Chicago | Reuters — U.S. soybean futures sagged on Friday, pulling back from a rally above $10 a bushel a day earlier, while hard red winter wheat futures climbed to their highest price in more than three months. Traders in both markets were eyeing unfavourably dry weather in important growing areas: Argentina for soybeans and […] Read more
More canola, wheat acres expected at pulses’ expense
CNS Canada –– Canadian farmers will seed more wheat and canola in 2018 at the expense of pulse crops, according to Agriculture and Agri-Food Canada’s latest supply/demand estimates that include their first projections for the upcoming 2018-19 crop year. Total canola acres in 2018 are forecast at 24 million by the government agency, which would […] Read more
U.S. anti-trade agenda could benefit Canadian ag
Winnipeg | CNS Canada — As U.S. President Donald Trump follows his “America first” policy and pulls out of trade deals, it could spell future opportunity for the Canadian agricultural industry, according to Dermot Hayes, a professor with the department of economics at Iowa State University. “In D.C. it’s chaotic. It’s the craziest situation I’ve […] Read more
Cash oats steady despite climb in futures
CNS Canada — Oats futures at the Chicago Board of Trade have posted solid gains over the past month, but the cash market in Western Canada remains steady overall. “It’s been a nice little rally up,” said Scott Shiels, grain procurement manager with Grain Millers Canada on the 35 U.S. cents per bushel rise in […] Read more
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