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File photo from CNH-owned FPT Industrial’s Bourbon-Lancy engine manufacturing plant in eastern France. (Photo courtesy CNH Industrial)
Crops, Machinery

CNH to temporarily shut several plants in Europe

Eight-day shutdown due to supply disruptions

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Reuters — Italian-American vehicle maker CNH Industrial said Wednesday it will temporarily shut several of its European agricultural, commercial vehicle and powertrain manufacturing facilities due to the disruptions of procurement of components, including semiconductors. The maker of farm machinery, Iveco commercial vehicles, construction equipment and powertrains plans to shut the concerned plants for eight working […] Read more
ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets

ICE weekly outlook: Canola feeling the energy

Canola riding on fuels' bullish momentum

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MarketsFarm — ICE Futures canola contracts moved steadily higher over the week ended Wednesday, hitting the top-end of a three month trading range. While tight Canadian supplies due to a Prairie drought have underpinned the market for some time, the latest strength and any future direction may be more closely tied to movement in energy […] Read more
Yara’s fertilizer terminal at Stockton, California. (Sebastian Braum photo, Yara.com)
Crops, Markets

Norway’s Yara curtails European ammonia output

Surge in price of natural gas cited

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Oslo | Reuters — Norway’s Yara is curtailing ammonia production at a number of plants due to a surge in the price of natural gas, the fertilizer maker said Friday. “Record high natural gas prices in Europe are impacting ammonia production margins,” Yara said in a statement. “Including optimization of ongoing maintenance, Yara will by […] Read more
CBOT September 2021 wheat (candlesticks) with 20-day moving average (yellow line) and MGEX and K.C. September wheats (green and orange O/H/L/C). (Barchart)
Crops, Markets

U.S. grains: Wheat posts biggest weekly climb in six years

Weather woes in North America, Russia, Europe spur concerns

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Chicago | Reuters — Chicago wheat futures rose about three per cent on Friday and recorded their largest weekly gain in six years as parched conditions for North American spring wheat and adverse weather in Europe and Russia stoked concern about global supplies. Soybean futures ended higher on uncertainty about U.S. crop weather, while corn […] Read more
CBOT May 2021 soyoil with Bollinger (20,2) bands. (Barchart)
Crops, Markets

CBOT weekly outlook: Futures very likely to remain on upswing

Soyoil driving crop commodity gains

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MarketsFarm — As prices rise on the Chicago Board of Trade (CBOT), the opportunity for profit-taking becomes more prevalent. That said, values are very likely to continue increasing overall going into the week of April 26, according to analyst Terry Reilly of Futures International in Chicago. “By the end of this week, I do expect […] Read more
CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy, corn rise as funds step in after two losing sessions

Wheat up on 'water deficit' concerns

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Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday, bouncing back from two days of declines on bargain buying by investment funds and concerns about tight supplies of both commodities, traders said. Wheat futures also firmed, with concerns about dry soils limiting U.S. and European production underpinning prices. Corn and soybean futures […] Read more
File photo of a farmed mink. (Konstantin Sokolov/iStock/Getty Images)
Livestock

Canada’s mink farms brace for COVID

Producers have had time to increase biosecurity efforts at the farm level

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Canada’s 40 mink farms are operating under heightened biosecurity requirements after reports of COVID-19 jumping from humans to mink in Europe. Alan Herscovici, an industry spokesperson who operates the website Truthaboutfur.com, said early reports out of Denmark and other European countries gave Canadian producers some time to prepare. “These farms have always had a certain […] Read more
(PortOfThunderBay.com)
Crops, Markets

Export demand keeps Thunder Bay grain traffic solid

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MarketsFarm — Grain movement out of Thunder Bay continues to run at a very strong pace, with shipments to Europe, the Middle East and North Africa behind much of the increased movement. As of Saturday, more than two million metric tonnes of grain have been directly exported from Thunder Bay elevators by ocean-going (saltie) vessels […] Read more
File photo of a cooking oil bottling line in Spain. (Sabor de España/iStock/Getty Images)
Crops, Markets

Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

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Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more

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