The new Prairie grain player tapped to take a majority stake in the former Canadian Wheat Board is now considering the possibility of its own port terminal. Bunge Canada and […] Read more
Markets/Business
CWB’s chosen suitor weighs West Coast terminal idea
Prairie wheat bids fall as U.S. futures drop sharply
CNS Canada –– Cash bids for wheat on the Prairies were weaker during the week ended Friday, as a sharp drop in U.S. wheat futures weighed on prices. Average Canada […] Read more
U.S. grains: Short-covering sparks rally in wheat
Chicago | Reuters –– U.S. wheat futures rallied 3.4 per cent on Monday, bouncing off of their lowest in nearly three weeks, on a round of short-covering, traders said. “Frankly […] Read more
U.S. livestock: CME live cattle rally on discount to cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday and erased Friday’s losses, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. […] Read more
Klassen: Feeder cattle prices remain firm
Western Canadian feeder cattle prices were steady to $2 higher on average with limited sales occurring this past week. The Livestock Markets Association of Canada held its annual convention in […] Read more
Cuba produces best sugar harvest in 11 years
Havana | Reuters — Cuba’s sugar harvest grew 18 per cent this year to 1.9 million tonnes, the most for the beleaguered industry in 11 years and the best performance […] Read more
Gluten-free claim allowed on some oat products
Celiac sufferers needing foods free of gluten will now be able to get certain oat products with a “gluten-free” claim. Federal Health Minister Rona Ambrose on Friday announced the allowed […] Read more
U.S. seeks middle ground on biofuel targets, pleasing few
New York | Reuters — U.S. regulators on Friday unveiled much-delayed biofuel targets that sought to strike a middle ground for the nation’s contentious renewable fuels policy but still met […] Read more
New Russian wheat tax puts exporters, traders on edge
Moscow | Reuters –– Russia approved the launch of a new wheat export tax from July 1, which traders say could threaten profits on advance contracts for the new crop […] Read more
U.S. grains: Corn drops, soybeans rise on new biofuel targets
Chicago | Reuters –– U.S. corn futures fell on Friday and posted a second straight weekly decline after the U.S. government lowered its targets for ethanol blending and as corn […] Read more
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