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File photo of hogs on a Chinese farm. (Songqiuju/iStock/Getty Images)
Crops, Markets

Feed weekly outlook: Grain exports, prices rise

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MarketsFarm — As more Canadian feed grains make their way overseas, especially into China, domestic buyers may need to pay more secure supplies from emptying bins over the next few months. “Anything extra we’re able to export is getting exported at this point,” Brandon Motz, owner and sales manager of CorNine Commodities at Lacombe, Alta.,
CBOT March 2021 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Corn slips after touching new high on Chinese demand

U.S. export, supply-demand data awaited for China update

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Chicago | Reuters — U.S. corn futures ended lower on Thursday after hitting a 7-1/2-year high, supported by the U.S. Agriculture Department’s confirmation of strong Chinese demand. Soybeans closed higher on strong weekly export sales as traders weighed rain delays to Brazil’s harvest. Wheat fell, despite weekly export sales at the high end of analysts’
CBOT March 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

CBOT weekly outlook: Corn, soybeans may see seasonal slowdown

However, more upside remains possible

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MarketsFarm — Corn and soybean futures at the Chicago Board of Trade, now trading at their highest levels in years, could come under some pressure over the next month, although the longer-range outlook remains strong, according to a broker. Crop insurance levels in the U.S. are based in part off of new-crop futures prices during
(RonTech2000/iStock/Getty Images)
Crops

Manitoba crop conference recovers allegedly phished funds

Court order frees event organizers' money from frozen account

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The organizers of one of the last big Prairie farm events held before the onset of the COVID-19 pandemic have recovered funds temporarily lost to an alleged phishing scam. The CropConnect Conference — an annual crop production and farm management conference co-organized by Manitoba grain, oilseed and pulse grower groups — has received back almost
CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn ends up off early declines, on export demand

Soybeans climb after two days of correction

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Chicago | Reuters — Chicago corn futures ended higher on Wednesday as traders anticipated strong export sales would continue. Soybeans moved higher, as traders turned attention to the U.S. Department of Agriculture’s monthly supply and demand report on Feb. 9, expecting to see a continued tightening of ending stocks. Wheat followed corn and soybeans, turning
A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Crops, Markets

China’s appetite for feed barley sucks in new crop from Canada, France

Tariff on Australian barley favours other suppliers

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Paris | Reuters — China’s buying spree of French and Canadian barley is spilling into the 2021-22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help feed a pig
A deal for Planters would be Hormel Foods’ biggest to date, the Wall Street Journal said. (Kraft Heinz promotional video screengrab via YouTube)
Crops

Kraft Heinz reported in talks to sell Planters snack business

Pandemic-based surge in snack demand wanes

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Reuters — Kraft Heinz is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods for about US$3 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The deal could be announced as soon as next week if talks do not fall apart, the Journal

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