Reading Time: 2 minutes Chicago soybeans rose on Wednesday, bouncing back on technical trading after hitting another four-year low, according to analysts.
Cereals
U.S. grains: Soybeans firm after bouncing back from latest four-year low
CBOT Weekly: Conditions for U.S. soybeans, corn ‘just ideal’
Reading Time: < 1 minute With rain forecast for most of the United States Corn Belt, the prospects for larger than expected soybean and corn crops is pretty much certain, according to broker Scott Capinegro of AgMarket Inc. in Chicago.
Industry and shippers brace for Canada rail stoppage, fear ‘catastrophe’
Reading Time: 3 minutes North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars' worth of economic damage.
Agriculture groups redouble pressure on governments, railways stop strike or lockout
Reading Time: 2 minutes Producer and agriculture groups across Canada launched a ‘Stop the Strike’ writing campaign asking the federal ministers of agriculture and labour to use all their means to stop rail workers from walking off the job.
U.S. grains: Soybeans set another four-year low following USDA report
Reading Time: 2 minutes Chicago soybean futures lost more ground on Tuesday, setting another four-year low a day after U.S. Department of Agriculture data reinforced the prospect of a bumper U.S. harvest.
Combining underway in Manitoba
Reading Time: 2 minutes The harvesting of fall cereals was well underway in Manitoba, according to the province’s latest crop report released on Aug. 13. Manitoba Agriculture said 39 per cent of the fall rye and 17 per cent of the winter wheat had been combined.
Changes to Canadian Entrepreneurs’ Incentive won’t offset capital gains losses says Grain Growers of Canada
Reading Time: 2 minutes Grain Growers of Canada says proposed changes to the Canadian Entrepreneurs’ Incentive will help some grain farmers but won’t offset losses due to changes to the capital gains inclusion rate.
U.S. grains: Corn and soy futures near four-year low, wheat rises
Reading Time: 2 minutes Chicago corn and soy futures closed near four-year lows on Friday and posted weekly losses, while wheat prices rose on expectations of a poor crop in France as traders positioned for Monday's U.S. supply and demand report.
Prairie spring wheat bids dip with U.S. futures, rising loonie
Reading Time: 2 minutes Average Canada Western Red Spring (13.5%) wheat prices were down C$0.90 to down C$3.30 per tonne across the Prairies, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from C$244.80 per tonne in southeastern Saskatchewan to as high as C$272.60 per tonne in southern Alberta.
Canada labour board ruling opens door for rail workers to be off the job by Aug. 22
Reading Time: 2 minutes Workers at Canada’s two major railways could be on strike as early as Aug. 22 following a decision by the Canada Industrial Relations Board (CIRB) issued Aug. 9 on the safety implications of a stoppage.