Reuters — Two of North America’s biggest fertilizer companies reported large drops in quarterly profit on Wednesday, and warned of tough times ahead as abundant supplies weighed on prices. At […] Read more
Oilseeds
Fertilizer price slump chops profits at Agrium, CF
Ackman exits CP, freeing up cash for next bet
Boston/Montreal | Reuters — Billionaire U.S. investor William Ackman has exited his hedge fund’s investment in Canadian Pacific Railway, freeing up roughly US$1.5 billion in cash to make other future […] Read more
Bunge canola plant damaged in fire
U.S. agrifood processor Bunge is sizing up damage to its canola crushing plant at Nipawin in northeastern Saskatchewan after a fire in one of its buildings Tuesday. According to local […] Read more
Crescent Point pipeline leaks into Saskatchewan field
Reuters — A Crescent Point Energy pipeline in southwestern Saskatchewan leaked 100 cubic metres (630 barrels) of oil emulsion on Tuesday, a government official said on Wednesday. The spill happened […] Read more
ICE weekly outlook: Canola sitting right above support
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but held above major support as prices remain relatively cheap compared to other oilseeds. Fund […] Read more
U.S. grains: Wheat, corn, soy end higher on bargain hunting
Chicago | Reuters –– U.S. wheat, corn and soybean futures rose on Wednesday, rallying on bargain hunting after all three key commodities fell to multimonth or multiyear lows a day […] Read more
CBOT weekly outlook: Yield prospects key for soybeans, corn
CNS Canada — Corn and soybean futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, as expectations of massive crops and high yields edge closer […] Read more
Clinton campaign studying alternative to U.S. ethanol mandate
Washington/San Francisco | Reuters — Democratic U.S. presidential candidate Hillary Clinton’s campaign has solicited advice from California regulators on how to revamp a federal regulation requiring biofuels such as corn-based […] Read more
U.S. grains: Soybeans sag on weather, prospects for big crop
Chicago | Reuters — U.S. soybean futures declined on Tuesday as favorable weather in the Midwest bolstered expectations of a large crop, analysts said. Front-month corn futures on the Chicago […] Read more
ADM eyes ethanol asset sales as weak margins hit Q2
Chicago | Reuters — U.S. grain trader Archer Daniels Midland is pulling back in ethanol and exploring sales of its corn dry mills that produce the biofuel, the company said […] Read more
Cyber-Savvy Farmer
