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U.S. grains: Corn up as crop ratings ease

By GFM Network News June 25, 2019

Chicago | Reuters — Chicago corn futures rose for a second straight day on Tuesday after the U.S. Department of Agriculture said the condition of U.S. crops deteriorated last week following rain, although gains were pared late in the session on improving weather. Soybeans turned lower on forecasts for a window of warmer and drier

Crops, Markets

U.S. CFTC awards nearly US$2.5 million to Cargill whistleblower

By GFM Network News, Reuters June 25, 2019

Chicago | Reuters — The U.S. Commodity Futures Trading Commission has awarded about US$2.5 million to a whistleblower in a 2017 case against global grain trader Cargill over alleged violations in how it handled trades, the agency said Tuesday. The award, while significant in size, was reduced “because of the whistleblower’s delay in reporting” the

Crops, Weather

Rain gives farmers relief, for now, from three-year drought

By GFM Network News, Rod Nickel June 25, 2019

Winnipeg | Reuters — With drought turning Chad Ross’s pastures brown, the southeastern Saskatchewan rancher sent 140 head of cattle to slaughter earlier than usual this spring, as the Prairies’ three-year drought made them too expensive to feed. The ranch and feedlot near Estevan has lost money two straight years. Long-awaited rains that swept the

Markets

Farm labour shortage seen costing billions, expected to rise

By GFM Network News, Reuters June 25, 2019

Ottawa | Reuters — Canada’s farm labour deficit is expected to double by 2029 to 123,000 workers, or one in three jobs, as shortages continue to hit the sector’s bottom line, the Canadian Agriculture Human Resource Council said on Tuesday. Farmers in Canada have long reported challenges in recruiting farm workers because the rural-based work

Ardent Mills’ baking mix plant at Burlington, between Toronto and Hamilton, is now part of Michigan-based baking ingredient firm Dawn Foods. (ArdentMills.com)

Cereals, Crops

Ardent Mills sells Ontario bakery ingredient plant

By GFM Network News, Gfm Staff June 25, 2019

Flour miller Ardent Mills plans to push off further from the sweet baking ingredient business, with a deal to sell its southern Ontario ingredient mix plant. Denver-based Ardent said Monday it closed a deal the previous Friday to sell its Burlington, Ont. plant to U.S. bakery ingredient processor Dawn Foods. The deal’s financial terms weren’t

Crops, Markets, Weather

Flexibility available for farmers on FCC loan payments

By GFM Network News, Gfm Staff June 24, 2019

Farm Credit Canada says it remains willing to work around the various forces majeures standing between its farmer clients and their cash flows this year. The Crown lending agency reiterated Monday it will work with customers “to come up with solutions for their operations on a case-by-case basis” in view of this spring’s weather worries

Crops, Markets

Less canola, more barley area expected in next StatsCan report

By GFM Network News June 24, 2019

MarketsFarm — Canadian farmers will likely grow less canola and more barley in 2019, though the jury is out on exact acreage numbers ahead of Statistics Canada’s seeded area estimates due out Wednesday. Barley prices have hit “historic highs” thanks to inclement corn-growing weather in the United States, which has buoyed most feed grain prices.

Kansas City September 2019 hard red wheat with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Weather

U.S. grains: Wheat rises on global weather worries

By GFM Network News, Karl Plume June 24, 2019

Chicago | Reuters — U.S. wheat futures climbed nearly two per cent on Monday due to weather-damaged crops in key production areas around the world, while corn and soybeans firmed as wet U.S. Midwest conditions stoked concerns about reduced harvests. Some optimism that U.S.-China trade talks may get back on track also underpinned markets. The

CBOT July 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

U.S. grains: Soy, corn ease as traders expect improving weather

By GFM Network News, Tom Polansek June 21, 2019

Chicago | Reuters — U.S. corn and soybean futures slumped on Friday on expectations that crops may benefit next week from a break in the rains that stalled plantings across the American Midwest this spring. Widespread storms caused unprecedented delays in corn plantings and prevented farmers from planting crops across millions of acres. The weather

A green lentil crop in southeastern Saskatchewan on May 31, 2019. (Leeann Minogue photo)

Markets

Farm equity growth slows in 2018

By GFM Network News, MarketsFarm Team June 21, 2019

MarketsFarm — Equity in Canada’s farm sector increased by 3.6 per cent in 2018, hitting $522.2 billion, according to a report Thursday from Statistics Canada. The growth was well below the 6.4 per cent increase reported the previous year, and continued a trend of slower growth since 2013. Realized net farm income was down by

Daily Network News

B.C. ostriches culled, CFIA confirms

U.S. livestock: Cattle, hogs end week on high note

U.S. grains: Soybeans bounce as Chinese demand assessed, wheat drops

Cereals

U.S. grains: Corn up as crop ratings ease

U.S. CFTC awards nearly US$2.5 million to Cargill whistleblower

Rain gives farmers relief, for now, from three-year drought

Farm labour shortage seen costing billions, expected to rise

Ardent Mills sells Ontario bakery ingredient plant

Flexibility available for farmers on FCC loan payments

Less canola, more barley area expected in next StatsCan report

U.S. grains: Wheat rises on global weather worries

U.S. grains: Soy, corn ease as traders expect improving weather

Farm equity growth slows in 2018

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