Lower canola acreage no surprise to farm groups — April 24, 2014

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CNS Canada – A slight decline in canola acres in Statistics Canada’s forecast Thursday may have come as a surprise to industry analysts — but farm groups closer to the situation agreed the crop was due for a bit of a pullback. StatsCan’s report indicated Canadian farmers intend on seeding 19.8 million acres of canola […]


Guenther: Amid tension in Ukraine, positive change sought for farmers — April 24, 2014

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As seeding progresses in Ukraine, farmers are eyeing input prices, markets and weather, just as their counterparts do in other parts of the world. But Ukraine’s farmers have the added worry of whether conflict in the eastern part of the country will boil over. Last week Russian and Ukrainian officials signed an accord agreeing to […]


Ardent flour merger closer to completion with mill sale — April 24, 2014

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Reuters — U.S. food and grain-handling companies ConAgra Foods, Cargill and CHS have moved closer to sealing a deal to merge their North American flour mill operations by agreeing to sell four mills to a Japanese company. Miller Milling Co., a U.S.-based unit of Tokyo-based Nisshin Flour Milling, will buy the four U.S. mills, the […]


U.S. grains: Wheat surges on dry weather concerns, Ukraine tension — April 24, 2014

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Chicago | Reuters — U.S. wheat futures jumped nearly two per cent on Thursday on concerns about dry conditions in the U.S. Plains winter wheat belt and some key production areas of Western Europe as well as worries about tensions in eastern Ukraine. Soybeans bounced back on bargain-buying after shedding more than three per cent […]


U.S. livestock: CME feeder cattle hit new high as corn prices slip — April 24, 2014

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Chicago | Reuters – Back-month Chicago Mercantile Exchange feeder cattle futures on Thursday set new contract highs, sparked by weak corn prices that could help ease input costs for feedlots, traders said. Feeder cattle futures drew more support from buying in the neighbouring CME live cattle pit. May feeders gained more ground after breaking through […]


StatsCan canola area intentions come in below expectations — April 24, 2014

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CNS Canada – Canadian farmers intend to seed less canola than most industry participants had anticipated this year, according to the first survey-based estimates from Statistics Canada, released Thursday. However, adjustments to actual seedings are still possible, as spring seeding has yet to begin across Western Canada. StatsCan pegged canola area at 19.8 million acres, […]


Long fund position could be bearish for CBOT soybeans — April 23, 2014

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CNS Canada – Old-crop soybean futures on the Chicago Board of Trade moved sharply lower during the week ended Wednesday, with new-crop values seeing less severe losses. The narrowing in of the old crop/new crop spread was a feature of the week’s activity. Going forward, the trend looks to bearish, according to analysts. Values came […]


ICE weekly outlook: Canola down, but still watching beans — April 23, 2014

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CNS Canada – ICE Futures Canada canola contracts moved lower during the week ended Wednesday, hitting their softest levels in a month as bearish technical signals and increased farmer selling weighed on values. While the technical bias has turned lower, the Canadian market could still find some spillover strength from the CBOT soy complex, according […]


U.S. livestock: Fund buying pushes CME hogs two per cent higher — April 23, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog futures jumped two per cent on Wednesday, with some months up the three-cent limit, driven by fund buying after contracts punched through moving average levels, traders said. May hogs closed up 2.95 cents per pound at 123.975 (all figures US$). June and July ended up their three-cent […]


U.S. grains: Corn gains on firm cash market, rain-delayed planting — April 23, 2014

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Chicago | Reuters – U.S. corn futures advanced for a second straight session on Wednesday, adding more than one per cent on firm cash markets and as cooler and wetter weather in the central U.S. stalled planting of the crop in the western corn belt. Soybeans were mixed, with nearby prices pressured by spread trading […]