Western Canada wheat yields higher than average — July 30, 2014

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Yorkton, Sask.— Spring wheat and durum yields are trending above average in Western Canada, but large pockets had no crop after heavy rain earlier this month, a crop tour observed on Wednesday. Much of the crop that survived is also developing late in western Manitoba and eastern Saskatchewan and will need extra time to ripen […]


GRAINS – U.S. wheat rises on bargain buying bounce; soybeans fall — July 30, 2014

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CHICAGO, July 30 (Reuters) – U.S. wheat futures rose 1.4 per cent on Wednesday, rebounding from contract lows hit on Tuesday on a round of bargain buying and signs of overseas demand, traders said. Corn futures firmed  slightly, with bargain hunting and short covering providing a base of support following a 1.7 per cent decline on Tuesday. Soybeans dropped, led […]


LIVESTOCK – CME hogs futures slump on lower cash, pork prices — July 30, 2014

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CHICAGO, July 30 (Reuters) – Chicago Mercantile Exchange hogs on Wednesday settled lower, pressured by weak prices for slaughter-ready, or cash, hogs and pork at wholesale, traders said. August finished 2.300 cents per lb lower at 119.150 cents, and October was down 2.375 to 103.700. The Wednesday afternoon average price of hogs in Iowa/Minnesota dropped […]


Rains leave swampy, fallow fields in Manitoba, Saskatchewan -scouts — July 29, 2014

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Spring wheat and canola fields in western Manitoba and southeastern Saskatchewan are dotted by cattails and swamps, while others are unplanted or abandoned, evidence of heavy spring rains that reduced Canada’s potential crop output, scouts on a crop tour said on Tuesday. Other spring wheat and canola fields are growing but are less mature than […]


U.S. proposes allowing more pork imports from Mexican states — July 29, 2014

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    The U.S. Department of Agriculture has proposed a change in regulations that would relax restrictions on pork imports from certain areas of Mexico, potentially allowing for increased U.S. imports at a time of a supply shortage. The proposal would permit pork to be imported from certain parts of Mexico defined as having a […]


Grain groups urge USDA to restore inspections at Washington port — July 29, 2014

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A coalition of U.S. grain groups has urged the Department of Agriculture to immediately restore official grain inspection services at the Port of Vancouver, Washington, which is involved in a long-running labor dispute. In a letter to Agriculture Secretary Tom Vilsack, the 22 national, regional and state organizations said disruptions at the port “put at […]


Brazil cattle herd to grow two per cent this year — July 29, 2014

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sao paulo Brazil, home of the world’s largest commercial cattle herd, will likely grow its stock by two per cent this year from 2013, reaching a record 198.7 million head, according to a report sponsored by analysts Informa Economics FNP. The increase is due to better management and more investment in maintaining pastures, according to […]


GRAINS – U.S. corn, soybeans, wheat drop after recent gains — July 29, 2014

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CHICAGO, July 29 (Reuters) – U.S. wheat futures fell 2.8 per cent to fresh contract lows on Tuesday due to plentiful global supplies as well as strong competition on the export market, traders said. Corn and soybean futures also fell as forecasts for rain in the U.S. Midwest next week alleviated concerns about dry conditions reducing harvest prospects for both […]


LIVESTOCK – CME hogs futures fall with sagging cash prices — July 29, 2014

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CHICAGO, July 29 (Reuters) – Chicago Mercantile Exchange hogs on Tuesday finished lower following slumping prices for ample supplies of slaughter-ready animals, traders said. August finished 2.225 cents per lb lower at 121.450 cents, and October down 0.550 to 106.075. The morning’s average price of hogs in Iowa/Minnesota fell $1.23 per cwt from Monday, and […]


Grain drain — are carryover projections off the mark? — July 28, 2014

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Canada will carryover more grain than usual when the crop year ends July 31, but analysts say it may be less than some people think. That mountain of Western grain created from a record harvest last fall, combined with poor rail service until spring, is being whittled away. In its July Outlook for Principle Crops […]