UPDATED, May 30, 2014: The federal government’s legislative package to tighten the terms of grain freight service agreements between shippers and railways has cleared the House of Commons. Bill C-30, […] Read more
Markets/Business
Feds’ grain freight legislation heads to Senate
Prairie CWRS wheat bids up sharply with U.S. futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved sharply higher during the week ended Monday, following gains seen in U.S. wheat futures. Concerns about […] Read more
U.S. grains: Wheat rises as hot weather adds to crop woes
Chicago | Reuters — U.S. wheat futures jumped nearly two percent on Monday as scorching temperatures in the southern Plains deepened fears about weather damage to the U.S. hard red […] Read more
U.S. livestock: CME live cattle sag on profit-taking
Chicago | Reuters –– Chicago Mercantile Exchange live cattle finished lower on Monday, pressured by profit-taking that erased Friday’s gains pegged to steady-to-better market-ready or cash cattle prices, traders said. […] Read more
No surprise for canola in StatsCan stocks report
CNS Canada –– Statistics Canada on Monday released its report on Canadian field-crop stocks as of March 31, pegging Canola stocks at 9.018 million tonnes — no surprise to the […] Read more
U.S. wheat futures still rising, but ‘getting tired’
CNS Canada –– All three U.S. futures markets climbed higher over the past week, rising to some of their best levels of the year. There is some more room to […] Read more
Klassen: Lower available supplies bolster feeder market
Western Canadian feeder cattle prices were a solid $4-$6 per hundredweight (cwt) higher last week in comparison to seven days earlier; however, certain auction barns reflected a hesitant uneven tone […] Read more
Mustard growers remain optimistic for 2014
CNS Canada — Despite a colder-than-normal spring, softening prices and uncertainty over Canada’s chief export rival, mustard growers continue to be enthusiastic about this year’s crop. Snowfall and excess moisture […] Read more
U.S. livestock: CME live cattle end lower after volatile day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Friday after a choppy session, dragged down by profit-taking that trumped steady-to-higher prices for market-ready or cash […] Read more
SW Ont. tobacco farmers arrested in black-market probe
Farmers and brokers in southwestern Ontario’s tobacco sector are among nine people arrested for alleged roles in a black-market network for domestic tobacco. RCMP at London, Ont. on Friday reported […] Read more
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