Reading Time: < 1 minute U.S. grains merchant Bunge BG. and Glencore-backed Viterra's plan to create a $34 billion agricultural trading giant will be decided by EU antitrust regulators by July 18, a European Commission filing showed on Monday.
Oilseeds
EU regulators to decide on Bunge and Viterra merger by July 18
Prairie soil scientist and author Les Henry, 83
Henry's outreach to farmers spanned more than half a century
Reading Time: 2 minutes Glacier FarmMedia — Saskatchewan soil scientist Les Henry, well known for his work on improving Prairie farmland and his outreach to Prairie farmers in the pages of Grainews, has died. Ending a long fight with congestive heart failure, Henry died Friday in Saskatoon at age 83, having continued to write until very shortly before his […] Read more
ICE weekly: Canola futures volatile amidst selling, rainy weather
Reading Time: 2 minutes Intercontinental Exchange (ICE) canola futures went on a rollercoaster ride during the week ended June 12. The July contract failed to record consecutive gains or losses during the week, with prices ranging from C$615.40 to C$641.80 per tonne. The November contract, which traded as high as C$662.90 earlier in the week, fell to its lowest […] Read more
Canadian Grain Commission announces grain grading changes
Reading Time: 2 minutes The Canadian Grain Commission (CGC) announced several grain grading changes for the 2024-25 crop year to better meet the needs of the domestic grain sector and global buyers. “The Canadian Grain Commission values stakeholder input and is implementing these changes based on feedback from the sector. They will support continued growth and Canada’s reputation as […] Read more
U.S. grains: Wheat marks biggest weekly loss in nearly a year as Turkey bans imports
Reading Time: 2 minutes Chicago wheat futures Wv1 fell for an eighth day on Friday for their lowest close in a month after Turkey said it would halt wheat imports in a blow to the global demand outlook.
U.S. grains: Corn and soy futures rise on new Brazilian tax rule
Reading Time: 2 minutes Chicago Board of Trade corn Cv1 and soybean Sv1 futures rose on Thursday as news of tighter rules on industry tax credits in Brazil made traders and producers hopeful that it could boost U.S. export business, traders said.
Planting in Saskatchewan on the verge of completion
Reading Time: 2 minutes Spring planting in Saskatchewan moved into its final days as it advanced 17 points at 94 per cent complete as of June 3. Saskatchewan Agriculture noted that despite the speed seeding has been going it was a shade behind the five and 10-year averages of 97 per cent finished.
Strong Thunder Bay grain movement through May
Reading Time: < 1 minute The Port of Thunder Bay continues to see strong grain movement during the 2024 shipping season, with 923,700 tonnes moved in May, according to a report. That marked the second highest monthly grain total of the past two years and compares with 899,100 tonnes in May 2023.
Crop woes may lead Russia to narrow grain exports
Russian government says it may declare a nationwide emergency as frost, drought affects crop
Reading Time: 2 minutes Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB board member Vitaly Sergeуchuk said.
ICE canola weekly outlook: Peaks likely in for the season
Reading Time: < 1 minute The ICE Futures canola market fell sharply lower during the first few trading days of June, taking out several former support levels on the way down as large old crop supplies, relatively favourable new crop production prospects and speculative fund selling weighed on prices.