Canola rises again on dry Argentina

Canola futures rose Tuesday with continuing support from soybeans, that were lifted by concern about dry weather in Argentina. January soybeans rose to close above US$10 a bushel for the first time since Oct. 16. Traders in Canada were waiting in anticipation for Statistics Canada’s final crop report of the year issued tomorrow morning. Watch […] Read more

CME feeder cattle futures 3-month low on fund selloff

CHICAGO, Dec 5 (Reuters) – Chicago Mercantile Exchange feeder cattle futures on Tuesday hit a three-month low, led by fund liquidation after contracts slipped beneath chart support levels, said traders. CME live cattle market selling, and as much as $5 per cwt lower cash feeder cattle prices, pressured the market, they said. January feeder cattle […] Read more

Brazil soy farmers rely on barter for funding

SAO PAULO, Dec 5 (Reuters) – Soy farmers in Brazil’s grain frontier state of Mato Grosso are relying more on barter then on their own capital to secure crop financing, growers association Aprosoja told Reuters on Tuesday. Based on data compiled by Mato Grosso-based research agency Imea, Aprosoja’s director general, Wellington Andrade, said self funding […] Read more

U.S. confirms duties on Argentine, Indonesian biofuel

CHICAGO, Dec 5 (Reuters) – The U.S. International Trade Commission (ITC) on Tuesday made a final finding that biodiesel imports from Argentina and Indonesia harm U.S. producers, ensuring that anti-dumping and anti-subsidy duties remain in effect for at least five years. The U.S. Commerce Department last month set steep trade barriers that brought to a […] Read more

Australia’s wheat crop forecast falls to 20.3 mln T

SINGAPORE, Dec 4 (Reuters) – Australia’s 2017-18 wheat crop forecast has been lowered, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said on Tuesday, after recent storms damaged the crop and following a severe drought earlier in the season that reduced yields. The world’s fourth-largest wheat exporter is forecast to produce 20.3 […] Read more

Cargill may partner on $4.3 billion rail project

SAO PAULO, Dec 4 (Reuters) – The Brazilian unit of Cargill Inc is in talks to form a consortium to bid for a $4.3 billion railway project that would unite grain-growing regions in central Brazil with northern ports, the business head said on Monday. Cargill’s prospective partners to bid for the Ferrogrão railway project include […] Read more

Analyst raises Ukraine 2017-18 rapeseed export forecast by 20 pct

KIEV, Dec 4 (Reuters) – Ukrainian agriculture consultancy UkrAgroConsult on Monday increased its forecast for Ukraine’s 2017-18 rapeseed exports by about 20 percent to two million tonnes after a bumper harvest. The rapeseed crop has jumped by 85 percent to 2.2 million tonnes in 2017, the consultancy said in statement, adding that Ukraine had already […] Read more

Cash price jitters drop CME live cattle to 4-1/2 month low

CHICAGO, Dec 4 (Reuters) – Chicago Mercantile Exchange live cattle futures slid to their lowest level in almost five months on Monday, led by the prospect that packers might pay less for supplies later this week, said traders. December live cattle finished down 0.850 cent per pound at 116.375 cents, and February ended 0.800 cent […] Read more

Canola up Monday on dry Argentina

  A strong day for soybean meal overcame weakness in soybean oil to give canola a respectable gain Monday. Weakness in the Canuck buck also helped keep canola futures positive. Soybeans rose as well, whilst wheat contracts and corn fell a few cents. Trade in canola futures is expected to decline tomorrow as people get […] Read more

LIVESTOCK-CME live cattle futures tumble on long liquidation

CHICAGO, Dec 1 (Reuters) — U.S. cattle futures fell to a one-month low on Friday on fund-driven long liquidation and worries about declines on Wall Street, while hog futures firmed in largely technical trade, traders and analysts said. Live cattle fell despite higher wholesale beef values. Choice-grade wholesale beef prices rose $1.35 to US$205.99 per […] Read more