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(Photo illustration: Reuters/Dado Ruvic)
Crops

Bayer, Corteva among companies stepping off Facebook

Major firms pledge to pause advertising for July

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Reading Time: 2 minutes A couple of major players in the agriculture sector are on an expanding list of major companies pausing advertising on Facebook for the month of July in pursuit of policy changes at the U.S.-based social media giant. Bayer and Corteva Agriscience recently announced they have joined the #stophateforprofit campaign, backed by organizations including the Anti-Defamation […] Read more
CBOT December 2020 corn with 20- and 50-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy slip on less-threatening weather

CBOT wheat futures rise

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures eased on Tuesday as weather forecasts looked less threatening to America’s crops than they had a day earlier, analysts said. Traders took profits after soybean futures reached a four-month high on Monday on concerns that hot, dry conditions could threaten crop yields in the U.S. Midwest. […] Read more
ICE November 2020 canola with 20-, 100- and 200-day moving averages. (Barchart)
Canola, Crops, Markets

Canola futures testing chart resistance

November canola briefly topped $480 Monday

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Reading Time: < 1 minute MarketsFarm — Recent price activity in the ICE Futures canola market has been bullish from a technical standpoint, with the futures poised for a break higher if the rally can be sustained. After trading at a low of $468.10 per tonne in late June, the November canola contract rallied to briefly trade above the psychological […] Read more
South West Terminal’s Antelope facility, about 45 km southwest of Swift Current, Sask., last month set the record for the largest grain train loaded and launched on the Prairies from a single point of origin, with this 224-car train of durum wheat. (SWT.ca)
Crops

Solid grain exports continue through Thunder Bay

June's handle includes record-large CP grain train

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Reading Time: < 1 minute MarketsFarm — Grain shipments through the Port of Thunder Bay continue to run at a strong pace, with season-to-date volumes of 3.2 million tonnes, up 35 per cent from the five-year average, according to an update from the port. A total of 866,066 tonnes of grain were shipped through the port, located on the northern […] Read more
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans hit four-month high on hot, dry weather

CBOT corn futures near 3-1/2-month peak

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Monday as expectations for unfavourably hot, dry weather increased concerns over the crops, after the federal government said last week that U.S. farmers planted fewer acres than expected. Soybeans touched a four-month high and corn traded near last week’s 3-1/2-month peak as the markets […] Read more
(Xinzheng/Getty Images)
Crops, Reuters

China says could take more action against Canada

Ottawa and allies 'kicking against the pricks,' foreign ministry says

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Reading Time: < 1 minute Beijing | Reuters — China said on Monday it reserved the right to take more action after Canada suspended its extradition treaty with Hong Kong and said efforts to pressure Beijing were “doomed to fail like kicking against the pricks.” Chinese foreign ministry spokesman Zhao Lijian made the remarks about the potential for more action […] Read more
ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola stronger after Canada Day

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Reading Time: < 1 minute MarketsFarm — Canola contracts have made small gains this week after pausing on Wednesday for Canada Day. As the July canola contract has expired, attention turns to new-crop contracts. Areas of the Prairies have received significant rain lately, with flood warnings and high water advisories across southwestern and western Manitoba after several consecutive storms. It’s […] Read more
(OntLA.on.ca)
Crops, Reuters

Ontario investigating 17 temp agencies after virus outbreaks on farms

"We stand firm against exploitation in our province"

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Reading Time: < 1 minute Toronto/Winnipeg | Reuters — Ontario is investigating 17 temporary recruitment agencies, the province’s labour ministry said, after health officials warned that agencies that move workers from farm to farm could be contributing to COVID-19 outbreaks. Canadian farms rely on some 60,000 people who come to Canada on temporary work permits every year, typically living and […] Read more
CBOT September 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn pauses after fund buying spree, watches weather

Soybeans touch new three-month top, wheat eases after rally

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures trimmed from a near 3-1/2 month high on Thursday, following strong gains after the U.S. government reported farmers had planted fewer than expect corn acres. The corn market remained on pace for the strongest gain in a year, as investors watched weather reports. Corn across much of the […] Read more

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