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CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans hit summertime-level highs

Dryness in Brazil and Argentina in view for soy and corn; investors show renewed appetite for risk, traders say

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Chicago | Reuters — Unfavourable dryness in crop-growing areas of South America on Tuesday pushed Chicago Board of Trade corn futures to their highest price since July and soybeans to an August high, analysts said. Wheat futures also rallied. South American weather was in the spotlight amid concerns about dry weather in southern Brazil, the
File photo of a dicamba-damaged soybean plant. (Reuters)
Crops, Weather

U.S. EPA reviewing dicamba over crop damage claims

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Chicago | Reuters –– The U.S. Environmental Protection Agency is assessing whether dicamba herbicide can be sprayed safely on soybean and cotton plants genetically engineered to resist the chemical, without the procedure posing “unreasonable risks” to other crops, an agency official said Tuesday. Farmers and scientists for years have reported problems with dicamba drifting away
Kellogg, whose products are shown here in a National Breakfast Week promotion with actress and talk show host Drew Barrymore on March 8, has reached a deal with striking U.S. workers. (Kelloggcompany.com)
Cereals, Crops

Kellogg strike ends as workers approve new labour agreement

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Reuters — Workers at Kellogg’s U.S. breakfast cereal plants voted in favour of a new contract that offers better terms for transitional employees and across-the-board wage increases, ending a weeks-long strike, the company said Tuesday. The five-year contract ends the stalemate between the Froot Loops maker and its factory workers in Michigan, Nebraska, Pennsylvania and
A tractor-mounted snowblower runs through rows of piled-up surplus potatoes on a field near Victoria, P.E.I., about 35 km west of Charlottetown, on Dec. 20, 2021. The shredded potatoes are expected to break down over the winter as compost. (Screengrab from P.E.I. Potato Board video)
Crops, Markets

Feds put up funds toward managing P.E.I. potato surplus

Ottawa budgets $28 million for distribution and disposal

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Prince Edward Island potatoes locked out of the U.S. export market will go either to food banks or “environmentally-sound” disposal with new federal funding. Federal Agriculture Minister Marie-Claude Bibeau on Monday announced $28 million “to support the diversion of surplus potatoes, including help to redirect surplus potatoes to organizations addressing food insecurity and support for
Crews work as Canadian Pacific Railway tracks are suspended above the washed-out Tank Hill underpass of the Trans-Canada Highway after devastating rain storms caused flooding and landslides, northeast of Lytton, B.C. on Nov. 20, 2021. (Photo: B.C. Ministry of Transportation and Infrastructure handout via Reuters)
Crops, Weather

Grain movement to Vancouver picking up

Railways seen recovering from B.C. damages faster than many had expected

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Western grain movement to the Port of Vancouver was at 60 per cent of normal as of Dec. 15 and is expected to continually improve, Mark Hemmes, Canada’s grain monitor and president of Quorum Corp. said in an interview Wednesday. “I think by next week it’s going to look a lot better,” he said. “Is
(Dave Bedard photo)
Crops, Markets

AAFC adjusts grain, oilseed balance sheets slightly

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MarketsFarm –– Updated supply and demand tables from Agriculture and Agri-Food Canada (AAFC), released late Friday, included only minor adjustments to balance sheets for the country’s major crops. The department’s projected ending stocks for wheat and canola were left unchanged from the previous month. Factoring in the official estimates from Statistics Canada, released Dec. 3,
File photo of a CN locomotive in Winnipeg. (Dave Bedard photo)
Crops

Vena withdraws as candidate for CN CEO role

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Reuters — Canadian National Railway said on Monday Jim Vena, who was backed by a group of investors to lead the country’s largest railway operator, had pulled out of the running to serve as its new chief. Shares of CN fell as much as 6.5 per cent on the news. The former Union Pacific executive
CBOT March 2022 wheat (candlesticks) with K.C. March 2022 wheat (yellow O/H/L/C). (Barchart)
Crops, Markets

U.S. grains: Winter wheat futures rise on demand, crop woes

CBOT soybeans up, corn down

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Chicago | Reuters –– U.S. winter wheat futures rose on Monday on global demand and concerns about poor crop weather in America’s Plains region, while concerns about unfavourable dryness in parts of South America helped lift U.S. soy futures, analysts said. Traders focused on weather conditions after crop observers in Kansas said hurricane-force winds that
CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soy, corn set multi-month highs

South American crop uncertainty, chart-based buying are factors

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Chicago | Reuters — U.S. soybean futures closed higher on Friday, hitting a 2-1/2 month top on worries about South American crop weather coupled with chart-based buying, traders said. Corn futures set a four-month high near $6 a bushel and wheat followed the firm trend (all figures US$). Chicago Board of Trade January soybeans settled

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