Officials in both Russia and Ukraine are considering tougher trade protections to keep food prices from spiraling as their currencies collapse, with Moscow taking more aggressive steps than Kiev to control exports.
Polina Devitt and Pavel Polityuk
February 24, 2015
A “farmer” who plants seeds that don’t grow in the same way for years is “probably not a farmer,” Cargill Inc. Vice President Devry Boughner Vorwerk told a Monday summit on restoring relations with Cuba.
Wheat slipped lower last week as traders continue to show concerns about slow export demand. It was a short trading week, as the markets were closed Feb. 16 in observance of President’s Day. For the week ending Feb. 19, March Minneapolis lost 13 cents, March Chicago dropped 5.25 cents and March Kansas City gave back 17.75 cents.
WINNIPEG, Manitoba — The three different mustards have distinctly different markets.
Yellow is hot. Western Canadian farmers grew a larger crop last year than the year before, and most was yellow. Prices fell hard after harvest but have been on the upswing since, and new-crop prices are even higher. Trade is brisk. Farmers are selling and processors are busy. Yellow bids range between 33.5 to 36 cents per pound. Most, but not all, processors are buying.
U.S. Labor Secretary Tom Perez on Tuesday urged shipping company executives and union leaders for 20,000 dockworkers to settle a contract dispute that has led to months of clogged cargo traffic and other disruptions at 29 West Coast ports.
WINNIPEG, Manitoba — Lentil markets remain red-hot. It’s a gift, considering the poor quality. The year started out looking heavy, with 2014 plantings way up from 2013, but it was a tough production year, both quantity and quality.
U.S. wheat ending stocks for 2014 to ’15 are projected to increase 5 million bushels, as reduced exports more than offset an import reduction. Projected imports decreased 20 million bushels to 160 million on pace to date.
U.S. Department of Agriculture
February 16, 2015
U.S. companies can already export food and farm equipment to Cuba, but the bill and another one that would ease travel to Cuba are of great interest to U.S. farm and agribusiness leaders because they would make it easier to export.
The wheat market finally was able to turn and post solid gains for last week. It seems like it has been since the middle of December that wheat has had a stronger week and all the news just seems to focus on the negative. Last week was the week that wheat said enough. For the week ending Jan. 5, March Minneapolis gained 22.25 cents, March Chicago was up 23 cents and March Kansas City gained 23.75 cents.
WINNIPEG, Manitoba — The prairie flax market, while maybe not on fire, is certainly strong.
Farmers are netting $14.50 freight on board pretty much everywhere with $15 per bushel available delivered Winkler, Manitoba. One caveat — quality matters.
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