CNS Canada — Dry conditions in southern Saskatchewan are cause for vigilance, but rain could still pull out a healthy harvest, according to a provincial soil and nutrient specialist. The area of concern lies within a triangle shape, with the northern tip at Saskatoon, one arm stretching southeast to Weyburn, Estevan and the U.S. border, […] Read more
Southern Saskatchewan dry, but Prairies mostly OK for now
Oats buyers filled for now, watching weather
CNS Canada — The hot, dry weather concerns supporting spring wheat prices across North America are also lending some strength to oats, but large old-crop supplies and a lack of significant end-user demand is limiting price movement for now. “We’ve been bought up for old crop for months,” said Scott Shiels of Grain Millers Inc. […] Read more
U.S. grains: Wheat, corn futures fall
Chicago | Reuters — U.S. wheat futures fell on Thursday, shrugging off signs of further deterioration in already stressed crops, on a round of profit-taking following a rally to multi-year highs, traders said. Corn futures also fell, snapping a streak of seven straight higher closes, on pressure from the U.S. Agriculture Department’s surprise boost to […] Read more
U.S. proposes cutting biofuels requirements due to ‘market realities’
New York | Reuters — The U.S. government on Wednesday proposed reducing the volumes of biofuel required to be used in gasoline and diesel in 2018, in a move that could mark the first step towards a broader overhaul to the controversial energy policy. The U.S. Environmental Protection Agency (EPA) proposal marked a slight decline […] Read more
Three shortlines to buy Saskatchewan’s grain cars
The Saskatchewan government has picked the three buyers who will divvy up its provincially-owned fleet of grain hopper cars. The province, in its March budget, announced a request for offer (RFO) for the Saskatchewan Grain Car Corporation’s (SGCC) fleet of rail cars as it winds down that operation. The province said it would give “first […] Read more
U.S. grains: Corn, wheat extend winning streak as forecast heats up
Chicago | Reuters — U.S. wheat futures rose for a sixth day in a row on Wednesday, with technical buyers stepping into the market after prices sank into negative territory, traders said. Chicago Board of Trade corn and soybean futures also closed higher. Corn, which has risen for seven straight trading sessions, received support from […] Read more
EU, Japan officials seal trade agreement
Brussels | Reuters — Japan and the European Union should agree on Thursday to a free trade pact that could be completed within months, after senior officials removed final snags to a political deal intended as a signal to U.S. President Donald Trump. “We ironed out the few remaining differences,” European Trade Commissioner Cecilia Malmstrom […] Read more
Prairie wheat commissions, grain firms to fund Cigi
The technical institute for Canadian field crops will get its core funding from now on through the Prairies’ major grain export firms and its three provincial wheat grower commissions. Cigi, the Canadian International Grains Institute, on Tuesday announced the new funding model, plus a new governance model setting up a new 10-member board of directors […] Read more
U.S. grains; Wheat, corn, soy climb; spring wheat tops US$8
Chicago | Reuters — U.S. wheat, soybean and corn futures rose in an abbreviated session ahead of the Fourth of July holiday, buoyed by worries that hot and dry weather in the northern Plains spring wheat belt could spread into the western Midwest, analysts said on Friday. Spring wheat futures on the Minneapolis Grain Exchange […] Read more
Pacific trade bloc adds ‘associate’ members, including Canada
Cali, Colombia | Reuters –– Four new countries will be admitted to the Pacific Alliance as associate members, the trade group said on Thursday, as it seeks to expand commerce with the Asia-Pacific region while the U.S. pushes for protectionist measures. The alliance, which comprises Colombia, Chile, Mexico and Peru, will on Friday admit Singapore, […] Read more
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