Washington | Reuters — U.S. senators backing the federal biofuel mandate said Wednesday they believe the Obama administration will likely raise proposed targets for 2014 biofuel use when it issues […] Read more
Markets/Business
U.S. Democrats optimistic EPA to reverse course on biofuel cuts
U.S. livestock: CME hog futures close higher but off session tops
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed higher Wednesday in anticipation of tighter supplies linked to the porcine epidemic diarrhea virus (PEDv), traders said. May hogs, which […] Read more
U.S. grains: Wheat falls on supply glut, pulls corn lower
Chicago | Reuters –– U.S. wheat futures fell for the sixth day in a row on Wednesday, extending a losing streak during which the benchmark contract has shed 6.6 per […] Read more
Egypt raises price paid to local wheat farmers
Cairo | Reuters — Egypt, the world’s biggest wheat importer, will pay local wheat farmers 500 Egyptian pounds (US$70.87) per Egyptian ardeb, the equivalent of around 150 kg, according to […] Read more
Bimbo’s Canada Bread takeover gets federal approval
Mexican bakery giant Grupo Bimbo’s proposed takeover of Canada Bread is expected to close as planned on May 23 after clearing its last regulatory hurdle. The Toronto company, 90 per […] Read more
U.S. official sees no final TPP agreement in Singapore
Washington | Reuters — Pacific trading partners are not expected to reach a final agreement on an ambitious free trade pact at a ministerial meeting in Singapore next week, a […] Read more
U.S. livestock: Cash price bounce sends CME hogs mostly higher
Chicago | Reuters — Most Chicago Mercantile Exchange hog futures gained on Tuesday, driven by short-covering in response to higher prices for slaughter-ready or cash hogs, traders said. Aside from […] Read more
U.S. becomes world’s biggest wine market as French drinkers cut down
Paris | Reuters — The United States became the world’s biggest market for wine last year, beating France into second place for the first time as consumption slides in the […] Read more
CP, grain handlers plan for face time
Canadian Pacific Railway (CP) and players in the Prairie grain industry are ready to sit down at the same table and discuss logistics issues, representatives from both industries said. In […] Read more
U.S. grains: Soybeans and corn firm, but wheat weak
Chicago | Reuters –– U.S. soybean futures rose 1.3 per cent on Tuesday, rebounding from Monday’s sell-off on a round of bargain buying and some position squaring ahead of a […] Read more
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