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Tag Archives U.S. Department of Agriculture

Grain Markets, Oilseeds

“Farmers will be driving Maseratis” and other news

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Nov. 6 higher. Canola prices rallied as farmers virtually turned off the tap and stopped delivering. Traders feel it will take farm gate bids of
Cereals, News

Conditions favour CWB single desk: USDA

Declining grain prices, the Conservative government’s ongoing minority status and the current global financial crisis may help protect the Canadian Wheat Board’s single marketing desk “for a while longer,” a U. S. ag agency’s report suggests. The Global Agriculture Information Network (GAIN), operated by the U. S. Department of Agriculture’s Foreign Agriculture Service (FAS), noted
News, Oilseeds

World more dependent on Latin American soybeans

The global soybean market will become increasingly dependent on South American supplies in coming months, following a lower-than-expected U. S. soybean crop, Hamburg-based oilseeds analysts Oil World said Nov. 4. The U. S. Department of Agriculture on Oct. 28 reduced its forecast of the U. S. soybean crop by 1.5 per cent in an unprecedented
Cereals, Grain Markets, Oilseeds

Corn prices drop 50 per cent, ethanol production still high

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada win Winnipeg closed the week ended October 31 mixed, with canola down. Canola declined despite the firm tone in the U. S. soy complex. The lack of fresh demand and a
News, Oilseeds

USDA data snafu lends support, raises questions

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“Having a wet planting season does create some difficulties in forecasting a lot of this information.” – Shawn McCambridge, Prudential Bache Commodities The U. S. government’s unprecedented correction of crop data on Oct. 28 gave some relief to grain markets battered by financial turmoil, but it may also have bruised the credibility of the U.
Beef cattle, News, Poultry

U. S. meat shares drop amid talk of slowing exports

Shares of leading U. S. meat companies fell sharply Oct. 28 amid increasing talk that the global credit crisis is slowing exports of beef, pork and chicken, analysts said. “That news might be starting to trickle through to the people,” Paul Aho, economist for Poultry Perspective, said of slowing meat exports. Exports of beef, pork,
Hogs, News

COOL choking off Manitoba hog exports

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Manitoba’s hog exports are plummeting and pork producers are scrambling for slaughter space as fallout from the new U. S. country-of-origin labelling (COOL) rule mounts. Slaughter hog shipments to the U. S. are down 75 per cent over the past three months because many American packers are refusing Canadian pigs until confusion over COOL subsides.
News

Ethanol no longer seen as big driver of food price

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Heavy demand for corn from ethanol makers was seen as a key driver of corn futures to record highs in June, but since then the sharp decline of corn along with other commodities shows that belief was mistaken. Corn is down about 50 per cent from its record high in June, even as the amount
Cereals, Crops, Grain Markets, Oilseeds

Grains outlook muted by bearish economy

DON BOUSQUET It’s Your Business For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Oct. 17 lower, as steep declines in Chicago futures markets and the continued instability in financial markets pressured prices down.
Beef cattle, Livestock, Livestock Markets

COOL blunts U. S. packers’ need for cattle

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“They’re going to need cattle but COOL is standing in the way.” – Kevin Grier, George Morris Centre The U. S. is feeding fewer beef cattle but country-of-origin labelling will likely restrict opportunities for Canadian cattle exports. Uncertainty over COOL will override the U. S. industry’s need to make up for a shortfall of cattle

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