CNS Canada — It’s so far, so good with grain shipments to the three major Canadian ports according, to a spokesperson with Quorum Corporation, which compiles weekly performance updates on Canada’s grain handling sector. The spokesperson said there not have been any big problems recently, only a few sporadic instances in rail shipments. There has […] Read more
Tag Archives commodities — page 8
No big problems seen in grain transportation so far
U.S. grains: Corn, wheat follow broad commodities weakness
Chicago | Reuters — U.S. corn futures fell more than one per cent on Tuesday, following broad declines in commodities led by sagging crude oil futures, analysts said. Wheat futures fell about two per cent, retreating after Monday’s short-covering rally, and soybeans were also lower. Chicago Board of Trade December corn settled down 4-3/4 cents […] Read more
U.S. maps out tariff-related direct payments to farmers
Chicago | Reuters — The U.S. Department of Agriculture said on Monday its farm aid package would include US$4.7 billion in direct payments to farmers to help offset losses from retaliatory tariffs on U.S. exports this season. The bulk of the payments, $3.6 billion, would be made to soybean farmers (all figures US$). That amounts […] Read more
Rains should mean healthy Ontario corn crop
Global trade tensions and dry weather in the U.S. and Europe continue to affect markets
Timely rain over the past couple weeks across Ontario has sustained yield potential. However, the Bruce, Grey and Niagara counties only received about 25 mm or less during this time and yields may be lower in these areas. Steady Chinese demand for Ontario soybeans has supported local basis levels. The Ontario winter wheat harvest was […] Read more
U.S. crop planting on schedule, but corn carry-out could still be tight
China-U.S. trade threats are causing uncertainty in global grains and oilseed trade
Grain and oilseed markets continue to digest northern hemisphere weather and crop conditions. Australia remains dry as farmers begin winter grain sowing. Precipitation levels have improved in Argentina for winter wheat seeding but have delayed the corn and soybean harvests. The Brazilian soybean harvest is in the final stages; however, drier conditions have plagued the […] Read more
CBOT weekly outlook: Traders flee stocks for commodities
CNS Canada — Traders shifted attention to Chicago Board of Trade (CBOT) corn and soybean markets in the wake of a drop in Wall Street stocks, causing a commodities rally Wednesday. Wall Street was dragged down Tuesday by U.S. bond yields, which hit the three per cent mark for the first time in four years. […] Read more
U.S. grains: Wheat, corn lower in pause after multi-month highs
Chicago | Reuters — U.S. wheat and corn futures fell on Friday, retreating from multi-month highs established a day earlier as traders took profits and focused on prospects for better weather in the drought-hit U.S. Plains wheat belt. Soybeans sagged on much-needed rains in Argentina’s crop belt and worries about U.S. soybean export demand. Broad […] Read more
Dreyfus to sell Australian fertilizer unit to Agrium
Paris/Winnipeg | Reuters — Global commodity trader Louis Dreyfus has agreed to sell its fertilizer business to Canada’s Agrium as it continues an overhaul in response to tough agricultural markets. Louis Dreyfus is to sell Macrofertil Australia, which has annual sales of around US$120 million, to Agrium’s Australian unit Landmark Operations in a deal expected […] Read more
U.S. grains: Soy, corn follow broad commodities strength higher
Chicago | Reuters — U.S. soybean futures rose Friday and corn futures hit a three-week high, following broad strength in commodities at the start of the month and a softer U.S. dollar, analysts said. The 19-market Thomson Reuters CoreCommodity Index rose 0.8 per cent, snapping a four-session slide. Chicago Board of Trade January soybeans settled […] Read more
Bunge leaves door open to selling itself
Reuters — Bunge Ltd. kept the door open on Wednesday to a sale of the company as it reported a 34 per cent drop in quarterly earnings and cut its full-year outlook, but its chief executive officer predicted a grains market rebound that would reverse the slide. CEO Soren Schroder said planned cost cuts should […] Read more
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