CP, CN book higher Q1 grain revenue, smaller grain handle — April 23, 2014

Posted

First-quarter revenue from grain handling is up at both Canadian Pacific (CP) and Canadian National (CN) Railways as the two companies both reported higher overall quarterly profit. CP on Tuesday booked overall first-quarter net income of $254 million on revenues of $1.509 billion for the period ending March 31 — the company’s best-ever Q1 result, […]



Barclays joins retreat from commodities as new rules bite — April 22, 2014

Posted

London | Reuters – Barclays will quit most of its commodities trading businesses, joining a broader retreat by banks as profits tumble in the face of tougher regulation. The British bank’s exit means three of the top five banks in commodities have significantly reduced or shuttered their natural resource trading arms since last summer, with […]


CME Group overhauls daily grain price limits — April 22, 2014

Posted

Chicago | Reuters – CME Group Inc., the world’s largest futures market operator, said Tuesday it will overhaul the system for setting daily price limits for U.S. grain and oilseed futures to reflect fluctuations in crop prices. Starting on May 1, CME, owner of the Chicago Board of Trade (CBOT) and other exchanges, will apply […]


U.S. grains: Corn rises on planting delays; soybeans sink — April 22, 2014

Posted

Chicago | Reuters — U.S. corn futures jumped on Tuesday as concerns about slow planting progress helped fuel a rebound from sharp losses the previous session, while soybean futures tumbled on increased imports into the U.S. Weather took centre stage for the corn market as traders worried rains may prevent farmers from making progress in […]


U.S. livestock: Solid beef demand drives CME live cattle higher — April 22, 2014

Posted

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures on Tuesday gained, supported by short-covering sparked by strong demand for beef at wholesale, traders and analysts said. Tuesday morning’s wholesale choice beef price, or cutout, climbed $2.26 per hundredweight (cwt) from Monday to $231.32 (all figures US$). Select cuts rose $1.23 to $219.30, based […]


GRAINS-Corn rises on U.S. planting delays; soybeans sink

(Updates with U.S. trading, previous dateline SYDNEY) * Rain threatens corn planting progress after slow start * Expectations for U.S. imports weigh on soybeans * Wheat traders eye forecasts for rain in dry U.S. Plains By Tom Polansek CHICAGO, April 22 (Reuters) – U.S. corn futures edged higher on Tuesday as concerns about slow planting […]




Less wheat, more canola expected in Canada — April 21, 2014

Posted

CNS Canada – Canadian farmers are expected to seed less wheat and more canola in 2014, according to average trade guesses ahead of Statistics Canada’s planting intentions report due out Thursday. “Compared to last year, we’ll see less wheat,” said Jon Driedger of FarmLink Marketing in Winnipeg, estimating spring wheat area could be down by […]