Chicago | Reuters — U.S. corn, soybean and wheat futures climbed for a second straight session on Thursday in a short-covering and technical bounce following a steep drop earlier this week. Gains in wheat ignited the rally as hopes for a pickup in U.S. wheat export demand pushed prices through key technical levels. Corn and […] Read more
Daily news
U.S. grains: Wheat, corn, soy break through key technical levels
Charts point toward pullback for oats
CNS Canada — If you’re looking to sell some of your oats, now is the time to do so, according to Ed Baldwin. “We contacted our clients and said ‘Hey, if you got oats you want to sell, price them today,’” Baldwin, manager of advisory services and grain marketing for AgChieve Grain Marketing Experts in […] Read more
Rural development strategy sought in federal shuffle
Rural economic development has been given a promotion at the federal level in Prime Minister Justin Trudeau’s latest cabinet shuffle. In the shuffle, following the departure of Treasury Board president Scott Brison from cabinet, Trudeau on Monday called up Bernadette Jordan, MP for the southern Nova Scotia riding of South Shore-St.Margaret’s, to head a newly […] Read more
ICE weekly outlook: Quiet winter has canola steadying
CNS Canada — The ICE Futures canola market is expected to stabilize now as there isn’t really any big news to drive North American oilseed markets. “We don’t have something very dominant for traders to focus on and supplies are pretty comfortable everywhere in the oilseed complex for now… the only factor that has hurt […] Read more
CBOT weekly outlook: Lack of USDA reports taking toll
CNS Canada — A lack of reports from the U.S. Department of Agriculture (USDA) because of the partial U.S. government shutdown is taking its toll on the Chicago Board of Trade. As of Wednesday, the partial shutdown of the U.S. government is in its 26th day and affecting USDA. One of the department’s key functions, […] Read more
U.S. livestock: Hog futures tumble to two-month low
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures dropped as much as 3.7 per cent on Wednesday, skidding to the lowest levels in two months on pressure from chart-based selling and ample U.S. hog supplies, traders said. Hog prices on Tuesday had dipped below their closely watched 200-day moving average and on Wednesday […] Read more
USDA recalls workers to help with farm loans, taxes; data uncertain
Washington | Reuters — The U.S. Department of Agriculture will reopen about 980 Farm Service Agency (FSA) offices for three days starting on Thursday to help process farm loans and tax documents during the partial federal government shutdown. About 2,500 FSA employees who have been furloughed by the partial shutdown that began on Dec. 22 […] Read more
Louis Dreyfus to exit dairy by mid-2019
Paris | Reuters –– Louis Dreyfus Co. said on Wednesday it would sell or wind down its small dairy business by the middle of this year as part of an overhaul to revive growth at the agricultural commodity giant. Privately-held Louis Dreyfus had previously earmarked dairy as one of several activities to be sold or […] Read more
U.S. grains: Corn rebounds in export demand, bargain buying
Chicago | Reuters — U.S. corn futures firmed on Wednesday in a bargain-buying and short-covering bounce as the market’s steep drop to six-week lows in the previous session triggered renewed demand for the feed grain. Wheat and soybeans also rebounded after both markets hit two-week lows on Tuesday, although buying interest evaporated late in the […] Read more
Pulse weekly outlook: Fewer U.S. acres likely due to surplus
CNS Canada — Large crops followed by poor export demand have led to burdensome supplies and cut into pulse prices in the U.S., which should cut into acreage ideas for peas, lentils and chickpeas in 2019, an industry official says. “With the trade issues we’re facing right now, we have quite a surplus,” said Shannon […] Read more
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