- Temperatures dropped across Brazil on Thursday - with rare snowfall overnight in some places - as a polar air mass advanced toward the center-south of the global agricultural powerhouse, threatening coffee, sugarcane and orange crops with frost. Cars, streets and highways were blanketed in ice while people took the opportunity to take pictures and play in the snow, building snowmen.
In Pilgrim's Chicken Plants, Hopes for Labor Relief. In the midst of a nationwide run on chicken, poultry producer Pilgrim's Pride aims to grow its flocks--those on farms as well as the workers who staff processing lines in the Colorado company's plants. The latter has long been tough for the meat industry, and Covid-19's rapid spread through U.S. meat plants last year exacerbated the challenge.
WINNIPEG, Manitoba--The ICE Futures canola market was mostly weaker at Thursday's close, but off its lows for the session after uncovering some support to the downside. Sharp strength in the Canadian dollar accounted for some selling pressure in canola. Speculative long liquidation also weighed on prices in early activity.
At one of Ecuador's oldest flower farms, workers are planting hemp on land that traditionally used for roses, making a bet that selling cannabinoid products will help offset the decline in flower sales caused by the pandemic.
WINNIPEG, Manitoba--The ICE Futures canola market was posting small gains in the most active months at midday Thursday, recovering from early declines after finding some support to the downside. Sharp strength in the Canadian dollar, which was up by roughly half of a cent relative to its United States counterpart, accounted for some selling pressure in canola. Speculative long liquidation also weighed on prices in early activity.
WINNIPEG, Manitoba--The ICE Futures canola market was weaker Thursday morning, testing nearby support as speculators continued to liquidate long positions and book profits. The November contract dipped below the 20- day moving average, which was bearish from a chart-standpoint. A firm tone in the Canadian dollar, which moved above 80 United States cents, also weighed on values.
WINNIPEG, Manitoba--ICE Futures canola contracts held within a relatively narrow range during the week ended July 28, as traders wait to get a better handle on the size of the Canadian crop. "We're just waiting to see as we get into harvest what the crop size and crop yields look like," said Jamie Wilton, commodity futures specialist with RJ O'Brien in Winnipeg. General expectations are that the crop was down on the year, but the extent of the reduction remains to be seen.
McDonald's Sales Surpass Pre-Pandemic Levels-- 2nd Update. McDonald's Corp. said its sales are surpassing pre-pandemic levels across the world as more of its dining rooms reopen and U.S. customers try new chicken offerings. The burger giant reported sales of $5.9 billion for its quarter ending in June, up 57% from a year earlier when it was hit by Covid-19-related lockdowns.
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