Reading Time: 3 minutes New York | Reuters — The March floods that punished the U.S. Midwest have roiled the ethanol industry, hammering prices and trapping barrels in the country’s interior while the U.S. coasts suffer from shortages of the biofuel. The historic March floods have dealt a series of blows to large swaths of an ethanol industry that […] Read more
Midwest floods hammer U.S. ethanol industry
CBOT weekly outlook: Soybeans wait on China news
Reading Time: < 1 minute CNS Canada — Soybean futures at the Chicago Board of Trade started 2019 on a firm note, bouncing higher on rumours of fresh Chinese buying interest. However, with the U.S. government still in partial shutdown mode, confirmation of that business was lacking and additional advances remain questionable. “We’re basically buying the rumour at this point,” […] Read more
Corn, soybeans may have seen low point for now
Reading Time: < 1 minute CNS Canada — Agricultural markets throughout North America continue to weather a storm of tariffs and uncertain political interventions — and from where one trader sits, prices for corn and soybeans may have seen their low points. “We have gotten back down to recent lows in corn while beans have gotten cheap again,” said Brian […] Read more
U.S. grains: Wheat up as crop ratings, Russia news spur short-covering
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rose on Tuesday as a decline in U.S. crop ratings and news of radioactive pollution in the Ural mountains triggered a round of short-covering and concern about wheat exports from Russia, the world’s top supplier. Corn and soybean futures closed little changed after a choppy session. Chicago Board […] Read more
U.S. grains: Corn near one-year high, spring wheat soars
Reading Time: 2 minutes Chicago | Reuters — U.S. spot corn futures hit their highest level in nearly a year before paring gains on Thursday and Minneapolis spring wheat neared a two-year top on worries about hot and dry weather stressing crops in the northern Plains and Midwest, analysts said. Soybean futures also firmed. Chicago Board of Trade July […] Read more
Tight high-protein supplies underpin Minneapolis wheat
Reading Time: 2 minutes CNS Canada — Spring wheat futures in Minneapolis are outpacing the Chicago and Kansas City winter wheats to the upside, and tight world supplies of higher-protein wheat should remain supportive until the 2017 North American crop becomes better known. “A lot of it is the protein market,” said analyst Bryan Strommen of Progressive Ag in […] Read more
MGEX spring wheat futures pull away from winter wheat
Reading Time: 2 minutes CNS Canada — Minneapolis spring wheat futures are pulling away from their winter wheat counterparts, as quality issues with the North American spring wheat crop bring in protein premiums, according to an analyst who said there was more room to the upside in spring wheat. Kansas City and Chicago winter wheat contracts hit 10-year lows […] Read more
Nufarm to shut Calgary herbicide plant
Reading Time: 2 minutes Crop chemical manufacturer Nufarm plans to make its North American business more “cost-effective” by shutting its plant in Calgary and shipping the production work to Chicago. The “rationalization” in Calgary, expected to be complete by next fall, “will allow us to increase flexibility, reduce complexity and more efficiently utilize our facilities,” Nufarm manufacturing group executive Elbert […] Read more
ConAgra to cut 1,500 jobs, shift base to Chicago from Omaha
Reading Time: 2 minutes Reuters — ConAgra Foods said it would cut about 1,500 jobs and move its headquarters to Chicago from Omaha as part of a plan to save at least US$300 million in three years. The maker of Chef Boyardee pasta and Healthy Choice dinners is under pressure to cut costs and accelerate growth as consumers shift […] Read more
A message from April Stewart, Country Guide's Associate Editor
