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French poultry leader seeks more double-digit price rises on costs
Markets, News

French poultry leader seeks more double-digit price rises on costs

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LDC, France’s largest poultry group, will need to raise its prices by around 10 per cent next year to cover energy and other costs after already increasing prices by a third since last year, the company said Nov. 23. Food prices in France rose 12 per cent year-on-year in October, making food a main contributor,
CBOT March 2023 soft red winter wheat with 50-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat slides to 13-month low

Soybeans slip despite demand hopes

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Chicago | Reuters — Chicago wheat dropped on Monday, pressured by higher global supplies despite stronger-than-expected weekly U.S. exports, analysts said. Corn eased, pressured by lower wheat, though dry conditions in South America added support. Soybeans ended lower, underpinned by export demand and strong meal trade, though wheat weighed on the oilseed as well, traders
(Stoller Group video screengrab via YouTube)
Crops

Corteva to buy biological plant stimulant firm Stoller

Corteva paying US$1.2 billion cash

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One of the majors in seed and crop protection is set to further expand its reach in the crop biologicals sector with a deal to buy the Stoller Group. Corteva Agriscience said Wednesday it had signed a “definitive agreement” to buy Houston-based Stoller in an all-cash acquisition worth US$1.2 billion (C$1.61 billion), which it expects
CBOT March 2023 soft red winter wheat with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat plunges to three-month low on export competition

Corn also down on weak demand, soybeans rise after selloff

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Winnipeg | Reuters — Chicago wheat extended losses on Friday to a fresh three-month low as modest weekly U.S. exports kept traders’ focus on competition from cheaper Black Sea supplies. Corn also fell, while soybeans rebounded, consolidating after a selloff in the previous session over disappointing U.S. biofuels levels. The most-active wheat contract on the
(Dave Bedard photo)
Crops, Markets, Weather

StatCan data show smaller Canadian canola, durum production

Report also logs more barley, oats than previous estimates

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MarketsFarm — Canadian farmers grew less canola and durum than originally thought in 2022, but more barley and oats, according to updated production estimates from Statistics Canada released Friday. “There were both bullish and bearish surprises,” MarketsFarm Pro analyst Mike Jubinville said. While canola production of 18.174 million tonnes was still up considerably from the
File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops

Biden administration makes case for quick Senate vote to avoid rail shutdown

Bill imposing deal on workers clears House

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Washington | Reuters — The Biden administration on Thursday urged the U.S. Senate to quickly pass a bill to block a railroad strike, warning that serious economic disruptions could be felt within days. The U.S. House of Representatives on Wednesday voted to approve a bill to impose a tentative contract deal reached in September on
(Mysticenergy/iStock/Getty Images)
Weather

Environment Canada sees ‘average’ Prairie winter ahead

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MarketsFarm — An ‘average’ winter is in the forecast for most of the Canadian Prairies, according to the latest long-range seasonal forecast for December through February from Environment Canada, released Wednesday. The government department is calling for normal temperatures across all the agricultural areas of the three Prairie provinces — aside from the northernmost reaches
CBOT January 2023 soybeans (candlesticks, right column) with 20- and 100-day moving averages and CBOt January 2023 soyoil (blue line, left column). (Barchart)
Crops, Markets

U.S. grains: Soy snaps win streak on disappointing biofuel mandates

Wheat falls on export sale data; soy weakness weighs on corn

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Winnipeg | Reuters — Chicago soybeans fell on Thursday, snapping five days of gains as soybean oil sold off sharply after the U.S. government proposed smaller-than-expected biofuels blending requirements. Wheat slid on disappointing export sales, while soybean weakness dragged corn lower. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled down 39-3/4
(Vonkara1/E+/Getty Images)
Crops, Markets, Weather

Opinions divided ahead of StatCan production report

Agency's previous estimates model-based

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MarketsFarm — Ahead of the crop production report from Statistics Canada (StatCan) due out Friday, trade expectations are above and below what the federal agency estimated in September. In August, and in September, StatCan issued production reports based on a satellite model and without any input from farmers filling out surveys. That has caused some
CBOT March 2023 soft red winter wheat with 20-day moving average (dark green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat rises on short-covering, China optimism

Wheat still lost nearly 10 per cent in November; soybeans rise on fresh China sales, corn down

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Winnipeg | Reuters — Chicago wheat rose for a second straight session on Wednesday, supported by end-of-the-month short-covering and investor hopes that China will loosen COVID-19 rules, although the grain declined sharply in November on competition from Black Sea supplies. Soybeans also ticked up, touching a two-month peak, as optimism that China will ease restrictions

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