Canadian grain handling and storage equipment maker Ag Growth International plans to dial up its collaboration with ag tech firm Farmobile and has taken a minority stake in the U.S. company to that end. Winnipeg-based AGI announced Tuesday it had agreed to make a “minority equity investment” of US$15 million (C$19.57 million) in Farmobile, effective […] Read more
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Grain equipment firm AGI takes stake in Farmobile
Today’s precipitation
Data from weather stations across the Prairies are available to Glacier FarmMedia members at the WeatherFarm website, where you can also sign up for a daily forecast email for your area. On the go? Get the WeatherFarm mobile app, available for iPhone and Android devices. To learn more about the CoCoRaHS system that generates these precipitation maps […] Read more
CBOT weekly outlook: Market stuck in range until acreage report
MarketsFarm — Until the U.S. Department of Agriculture issues its next acreage report, expect the Chicago Board of Trade to remain stuck within a range, a trader said. “Until the August report and the USDA verifies the plenty of preventative planting acres, and if August happens to be hot and dry side, I can expect […] Read more
ICE weekly outlook: Choppy canola trade likely
MarketsFarm — The ICE Futures canola market tested major chart support during the week ended Wednesday, but could be due for some choppy activity and eventual strength over the next few weeks, depending on what happens with the weather and in U.S. corn and soybean markets. The canola crop looks good across much of Alberta […] Read more
U.S. grains: Wheat, soybeans slightly lower after midday rise
Chicago | Reuters — Chicago wheat and soybean futures settled slightly lower on Wednesday as forecasts for cooler weather lifted expectations for better crop conditions after this week’s hot spell, though corn edged higher. Markets had been falling since Monday’s U.S. Department of Agriculture (USDA) weekly crop progress report, which showed conditions for soy and […] Read more
U.S. livestock: Hogs near limit up on renewed pork export hopes
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared by the daily limit and approached a one-month high on Wednesday on renewed hopes that China will increase pork imports to compensate for pigs killed in a widespread outbreak of a fatal swine disease. China’s agriculture ministry said a new outbreak of African swine […] Read more
U.S. to move BLM headquarters to Colorado
Reuters — The U.S. Bureau of Land Management will move its headquarters to Colorado from Washington, officials said on Tuesday, sparking ire from conservationists who said the decision would weaken the agency dedicated to managing the country’s vast public lands. The Department of Interior, which oversees BLM, announced the move in letters to key congressional […] Read more
Ocean freight index hits five-and-a-half year highs
MarketsFarm — The Baltic Dry Index (BDI) has steadily increased over the past few months, hitting its highest levels in five-and-a-half years. The BDI settled Tuesday at 2,011 points, the highest level for the ocean freight rate indicator since January 2014. The BDI has been on a steady uptrend since hitting a two-and-a-half year low […] Read more
U.S. grains: Corn, soy slip on rains, crop ratings
Chicago | Reuters — U.S. grain and soybean futures extended losses on Tuesday as crops in the U.S. Midwest were poised to benefit from rains, traders said. Technical selling and better-than-expected U.S. Department of Agriculture crop condition ratings added pressure on prices. Showers in parts of the Midwest and Mississippi Delta temporarily eased concerns about […] Read more
U.S. livestock: Cattle futures weaken as beef prices decline
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures slumped on Tuesday as concerns about declining beef prices continued to hang over the markets. Decreasing beef prices have spurred expectations that meat packers such as Tyson and Cargill may be less aggressive when bidding to buy cattle, said Mike Sands, […] Read more
