Fund selloff sinks CME live cattle to 4-month low

CHICAGO, Nov 20 (Reuters) – Chicago Mercantile Exchange live cattle futures fell to their lowest level in four months on Monday, hit by fund selling and Friday’s bearish U.S. government cattle report, traders said. Last Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report showed ranchers in October placed the highest number of cattle in feed […] Read more

End to supply management now official U.S. NAFTA goal

MEXICO CITY, Nov 17 (Reuters) — The Trump administration on Friday revised its negotiating objectives for revamping the North American Free Trade Agreement, largely to reflect the demands it has made in NAFTA talks on agriculture, intellectual property and investment. The revised objectives are now in line with U.S. proposals to eliminate Canada’s import tariffs […] Read more

CN Rail on hiring spree as shipments surge

By Rod Nickel and Allison Lampert WINNIPEG, Manitoba/MONTREAL, Nov. 17 (Reuters) – Canadian National Railway plans to extend a major hiring spree into next year as Canada’s biggest freight railroad scrambles to handle surging shipments and fill vacancies, a company official said on Friday. The hiring blitz, which has added 3,500 workers through this year […] Read more

U.S. feedlot placements top expectations, more cattle in 2018

By Theopolis Waters CHICAGO, Nov 17 (Reuters) – Ranchers in October put 10.2 percent more cattle into U.S. feedlots than the same period last year, the U.S. Department of Agriculture reported on Friday. The result surpassed analysts’ average prediction. It also was the highest for the month in six years, suggesting weaker cattle prices beginning […] Read more

Canola futures edge up, export pace slows

Canola futures edged higher on Friday and posted a modest $4.30 a tonne gain over the week. Soy meal led the market higher on Friday, but soy oil was barely changed. Soybeans and meal were supported by forecasts for growing dry areas in Argentina, but that was offset by forecast for rain in Brazil. The […] Read more

CME live cattle slip on softer cash, beef prices

CHICAGO, Nov 16 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday reversed some of Wednesday’s gains, led by weaker cash and wholesale beef values, traders said. Some market participants tweaked positions before Friday’s U.S. Department of Agriculture (USDA) monthly Cattle-On-Feed report. “We saw a small rally yesterday, and a steady opening today, that […] Read more

Canola dips as soy oil retreats

Soy oil price movements continued to dominate the oilseed markets Thursday as it gave back some of Wednesday’s advance. Soy oil fell even though American crushers say the amount of oil squeezed from this year’s soybean crop is below normal. The National Oilseed Processors Association said said its members reported an oil yield of 11.54 […] Read more

Canadian flax prospects dimmed by China’s silk road

WINNIPEG, Nov. 16 (CNS) – China’s construction of a new “silk road” connecting the country to Europe isn’t likely to be good news for Canadian flax exporters. For several years, Canada has been the main exporter of flax to China but that could likely change if Kazakhstan ever has a direct link to China. “We […] Read more

Trade talks in a dicey situation: Andrew Coyne

Winnipeg, Nov. 16 (CNS) – With Canada in the midst of negotiations for two trade agreements, the North American Free Trade Agreement and the Trans-Pacific Partnership, trade concerns are getting muddled, according to National Post columnist Andrew Coyne, who spoke at Grain World in Winnipeg on Nov. 15. “We need to be conscious of diversifying […] Read more

EU soft wheat area might fall, durum steady

PARIS, Nov. 16 (Reuters) – Difficult sowing conditions in northern Europe prompted consultancy Strategie Grains to cut its monthly estimate for the area sown with soft wheat for the 2018 crop, with farmers also put off by low prices. Strategie Grains on Thursday projected ongoing soft wheat sowings in the European Union would reach 23.5 […] Read more