Russia eases some food bans to support own industry, Finland — August 20, 2014

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Moscow | Reuters – Russia’s government has eased some self-imposed bans on Western food, allowing imports of material that could be used to boost its own agricultural industry and softening the costs on some firms in neighbour Finland. Earlier this month, Russia banned all meat, fish, dairy, fruit and vegetable imports from the U.S., EU, […]


CBOT corn, soybeans see bearish weather and yield estimates — August 20, 2014

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CNS Canada – Corn contracts on the Chicago Board of Trade closed mixed on the week ending Wednesday, with only September contracts closing higher. December contracts for corn closed at US$10.38 per bushel, down from $10.4675 the previous week. Traders are focusing on yield estimates from ongoing crop tours in the U.S., according to industry […]


ICE weekly outlook: More downside possible for canola — August 20, 2014

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CNS Canada – ICE Futures Canada canola contracts moved sharply lower during the week ended Wednesday, following the weakness seen in global vegetable oil markets. The November future hit fresh contract lows, falling to $420.50 per tonne during the Wednesday trading session, beating the previous fresh low of $424.50 on Aug. 15. The bias is […]


U.S. grains: New-crop soy hits contract low as tour sees big yields — August 20, 2014

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Chicago | Reuters – New-crop U.S. soybean futures touched a new contract low on Wednesday and corn slid as a closely watched crop tour projected hefty U.S. yields in key states and forecasts for rain fuelled massive harvest expectations. Wheat retreated from gains on Tuesday as concerns eased about the risk of reduced supplies from […]


U.S. livestock: CME hogs slide with cash, pork prices — August 20, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog futures on Wednesday posted losses for a second straight day, pressured by eroding cash hog and wholesale prices. October ended down 2.325 cents at 92.5 cents per pound, and December at 86.425 cents, 2.2 lower (all figures US$). Wednesday afternoon’s average price of hogs in Iowa/Minnesota slumped […]


Dr. Oetker orders McCain pizza — August 20, 2014

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Germany’s Dr. Oetker is set to take a bigger slice of the Canadian and U.S. pizza market, with a deal to buy McCain Foods’ North American frozen pizza business. New Brunswick-based McCain announced Wednesday it will sell its non-Pizza Pocket-related frozen pizza business to Dr. Oetker for an undisclosed sum, pending regulatory approvals in Canada. […]


U.S. livestock: Profit-taking undercuts CME live cattle — August 19, 2014

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, weighed down by profit-taking that pared morning gains and snapped the market’s three-day winning streak. August live cattle ended 1.1 cents per pound lower at 150.5, and October down 1.325 cents at 147.225 cents (all figures US$). CME live cattle spiked […]


Poland asks EU to complain to WTO over Russian embargo — August 19, 2014

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Warsaw | Reuters — Poland has asked the European Commission to lodge a formal complaint to the World Trade Organization (WTO) over a Russian ban on EU food products that has hit Poland particularly hard, the Polish economy ministry said Tuesday. The Commission has so far been cautious about taking the embargo case to the […]


U.S. grains: Wheat rises on Ukraine supply concerns — August 19, 2014

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Chicago | Reuters — U.S. wheat futures advanced on Tuesday on concerns about reduced supplies from Ukraine, a major exporter, while new-crop soybeans slipped as a widely watched crop tour projected bumper U.S. harvests. Traders focused on Ukraine, expected to be the world’s second-largest grain exporter in the 2014-15 marketing year, as a spokesman for […]


Trade’s crop estimates for 2014 optimistic despite flooding — August 19, 2014

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CNS Canada – Despite summer flooding on the eastern Prairies and generally late seeding, 2014-15 crop production across much of Western Canada looks reasonably robust, several agricultural analysts say. Statistics Canada on Thursday will release its first survey-based production estimates for the country, using data gathered in late July during the height of flooding problems […]