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Husky Energy’s ethanol plant at Minnedosa, Man., about 45 km north of Brandon. (HuskyGrain.com)
Cereals, Crops

Husky, Cenovus shareholders approve merger deal

Cenovus to be Western Canada's biggest ethanol, DDGS producer

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Reuters — Cenovus Energy’s $6.07 billion deal to buy Husky Energy was approved by the shareholders of the two companies on Tuesday, creating Canada’s No. 3 oil and gas producer in a rapidly consolidating industry. Cenovus said 93 per cent of shareholder votes were cast in favour of the merger at a special meeting, while
CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Bullish crush data sparks rally in soybeans

CBOT corn, wheat futures firm

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Chicago | Reuters — U.S. soybean futures rallied on Tuesday, supported by a report showing processors were busier than expected during November, adding further pressure to a tight supply base, traders said. The strength in soybeans pulled corn higher, which closed in positive territory after trading lower for much of the session. Wheat futures also
Crops, Markets

U.S. grains: Wheat slides on Russian export tax details

CBOT soybean, corn futures firm

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Chicago | Reuters — U.S. wheat futures dropped 2.9 per cent on Monday, their biggest daily sell-off in two weeks, with traders saying that Russia’s export tax plan was bearish for prices in the short term. Soybean futures were firm, supported by a rising forecast for imports by top global producer Brazil, while corn edged
CBOT March 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat soars as Russia eyes export curbs

Tightening supplies underpin corn, soybeans

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Chicago | Reuters — U.S. wheat futures surged on Friday on concerns about thinning global supplies after the U.S. Department of Agriculture (USDA) slashed its grain stocks outlook and as top supplier Russia pondered export curbs. Corn and soy futures also rose as tightening supplies, particularly of soybeans, and lingering concerns about South American crops
CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soy retreat as USDA’s supply cuts disappoint

Renewed talk of Russian export curbs supports wheat

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Chicago | Reuters — U.S. corn and soybean futures turned lower on Thursday after the U.S. Department of Agriculture (USDA) trimmed its soybean supply outlook by less than expected and left its corn stocks view unchanged in an monthly report. Wheat futures pulled back from early highs on spillover pressure from retreating corn and soybeans,
(Qingwa/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Some surprises in USDA’s WASDE

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MarketsFarm — The U.S. Department of Agriculture has thrown a few curveballs in an otherwise mundane supply-and-demand report issued Thursday, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Although USDA, in its December world agricultural supply and demand estimates (WASDE), lowered soybean ending stocks for the 2020-21 marketing year, the cut wasn’t
In this photo from Mike Cowbrough’s October 2019 Pest Patrol column in Country Guide, light-green waterhemp plants approach the top of a soybean canopy after two ineffective applications of glyphosate. (Supplied photo)
Crops

Group 27 herbicide resistance arrives in Canada

Mesotrione-resistant waterhemp confirmed in Quebec

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A persistent and fiercely competitive weed that has developed resistance to several herbicide groups since its arrival in Canada is now the first in the country to fight off a Group 27 product. Quebec’s Reseau d’avertissement phytosanitaire (RAP) last Friday reported a patch of waterhemp with resistance to mesotrione herbicide in the Haut-Richelieu municipality, in
CBOT March 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Futures rebound on short covering, pre-report positioning

Wheat bounces from two-month low

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Chicago | Reuters — U.S. soybean and grain futures firmed on Wednesday in a short-covering rebound from prior session losses and as investors took positions ahead of a monthly U.S. Department of Agriculture (USDA) supply and demand report on Thursday. Wheat, which hit a two-month low this week, posted the strongest advance, while improving crop
CBOT January 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybeans sink on South American rains, slowing demand

Wheat pressured by bumper crops in Australia, Canada

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Chicago | Reuters — U.S. soybean futures fell for a third straight session on Tuesday on slowing export demand and as forecasts for more rain in South American crop areas tempered concerns about tightening supplies. Corn and wheat followed soybeans lower, pressured by improved South American crop prospects and a firmer U.S. dollar. Grain prices

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