Russia eases some food bans to support own industry, Finland — August 20, 2014


Moscow | Reuters – Russia’s government has eased some self-imposed bans on Western food, allowing imports of material that could be used to boost its own agricultural industry and softening the costs on some firms in neighbour Finland. Earlier this month, Russia banned all meat, fish, dairy, fruit and vegetable imports from the U.S., EU, […]

CBOT corn, soybeans see bearish weather and yield estimates — August 20, 2014


CNS Canada – Corn contracts on the Chicago Board of Trade closed mixed on the week ending Wednesday, with only September contracts closing higher. December contracts for corn closed at US$10.38 per bushel, down from $10.4675 the previous week. Traders are focusing on yield estimates from ongoing crop tours in the U.S., according to industry […]

ICE weekly outlook: More downside possible for canola — August 20, 2014


CNS Canada – ICE Futures Canada canola contracts moved sharply lower during the week ended Wednesday, following the weakness seen in global vegetable oil markets. The November future hit fresh contract lows, falling to $420.50 per tonne during the Wednesday trading session, beating the previous fresh low of $424.50 on Aug. 15. The bias is […]

U.S. grains: New-crop soy hits contract low as tour sees big yields — August 20, 2014


Chicago | Reuters – New-crop U.S. soybean futures touched a new contract low on Wednesday and corn slid as a closely watched crop tour projected hefty U.S. yields in key states and forecasts for rain fuelled massive harvest expectations. Wheat retreated from gains on Tuesday as concerns eased about the risk of reduced supplies from […]

U.S. livestock: CME hogs slide with cash, pork prices — August 20, 2014


Chicago | Reuters – Chicago Mercantile Exchange hog futures on Wednesday posted losses for a second straight day, pressured by eroding cash hog and wholesale prices. October ended down 2.325 cents at 92.5 cents per pound, and December at 86.425 cents, 2.2 lower (all figures US$). Wednesday afternoon’s average price of hogs in Iowa/Minnesota slumped […]

Dr. Oetker orders McCain pizza — August 20, 2014


Germany’s Dr. Oetker is set to take a bigger slice of the Canadian and U.S. pizza market, with a deal to buy McCain Foods’ North American frozen pizza business. New Brunswick-based McCain announced Wednesday it will sell its non-Pizza Pocket-related frozen pizza business to Dr. Oetker for an undisclosed sum, pending regulatory approvals in Canada. […]

GRAINS-Corn edges lower on U.S. crop tour findings

SYDNEY, Aug 20 (Reuters) – U.S. corn futures fell on Wednesday, giving back all of the gains from the previous session, as findings from a widely watched U.S. crop tour reaffirmed bumper supplies. FUNDAMENTALS * Chicago Board of Trade December corn fell 0.2 percent to $3.71-1/2 a bushel, having gained 0.2 percent in the previous […]