American Crystal Sugar Co. has come out with an initial payment projection of $37 per ton for 2014 crop beets — a dollar lower than last year’s projection at this date and likely a money-loser for farmers and shareholders, if realized.
Wheat started last week with gains, but slipped lower for the rest of the week. For the week ending Nov. 6, December Minneapolis dropped 20.25 cents, December Chicago slipped 12.25 cents and December Kansas City gave back 14.75 cents.
World food prices edged lower in October, after a series of sharp declines, as prices of oils and sugar rose while dairy and meat prices fell, the UN’s food agency says.
The Food and Agriculture Organization’s price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 192.3 points in October, down 0.2 percent from September.
WINNIPEG, Manitoba — Yellows and browns are a bit weaker than a year ago, while Oriental is firmer. All mustard prices remain well above the lows of 2010 and 2011 when big carryover stocks weighed on markets.
Wheat traded with strong gains for the first three sessions of last week, but lost some ground on Oct. 30. Support spilled over from a stronger U.S. soybean meal market, which continues to see support from tight supplies.
WINNIPEG, Manitoba — Another good harvest weather week advanced the prairie harvest to 95 percent, up from 85 percent Oct. 13. Except for the wettest areas in eastern Saskatchewan and western Manitoba, cereals and canola are close to finished. Grain corn and soybeans are most of what is left.
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