CME live cattle futures slump 3rd straight session

CHICAGO, Nov 8 (Reuters) – Chicago Mercantile Exchange live cattle lost ground for a third day in a row on Wednesday, led by lower early-week cash prices, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index periodically sold, or “rolled,” December long positions mainly into deferred […] Read more

Agrium posts bigger than expected 3rd qtr loss

Nov. 7 (Reuters) – Canadian fertilizer maker Agrium Inc. , the world’s biggest farm retailer, reported a bigger-than-expected quarterly loss as demand for its products was reduced by severe dry weather in Australia and Canada. The company cut its full-year forecast for earnings per share from continuing operations to between $4.65 and $4.80, from its […] Read more

Cash price unease weakens CME live cattle futures

CHICAGO, Nov 7 (Reuters) – Chicago Mercantile Exchange live cattle on Tuesday settled lower, pressured by sell stops and caution in advance of cash prices later this week, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index sold, or “rolled,” December long positions mainly into February […] Read more

Oilseeds edge higher ahead of USDA report

It was another day of modest moves in crop futures markets Tuesday with canola and soybeans up, corn almost unchanged and wheat mixed. Most-traded January canola closed at $520.10 per tonne, up $1.20. The loonie was weaker, helping to support canola futures. ALBERTA HARVEST The final crop report of the year from Alberta Agriculture showed […] Read more

Cargill fined $10 mln for inaccurate swaps information -CFTC

WASHINGTON/CHICAGO, Nov 6 (Reuters) – Cargill Inc. will pay a US$10 million fine for providing inaccurate information on swaps to protect its revenue, and for failing to supervise the company’s swap dealers, the Commodity Futures Trading Commission said on Monday. The CFTC said that beginning in 2013, Cargill did not comply with regulations on thousands […] Read more

China to pledge more US soy imports during Trump visit

BEIJING, Nov 7 (Reuters) – China will commit to buy more U.S. soybeans during President Donald Trump’s visit to Beijing this week, a U.S. industry official said, underlining the importance of trade in farm goods even as tensions grow between the world’s top two economies. China is the world’s biggest soybean importer and the U.S. […] Read more

Agrium sells US plants to ease Potash Corp merger concerns

WINNIPEG, Manitoba, Nov 7 (Reuters) – Canadian fertilizer producer and farm supplier Agrium Inc. said on Tuesday it will sell its Idaho phosphate production facility for $100 million to fertilizer company Itafos, to address concerns of U.S. regulators about its merger with Potash Corp of Saskatchewan. Separately, Agrium will sell its North Bend, Ohio, nitric […] Read more

Canola rises even as loonie climbs

January canola futures eked out a gain Monday as the crop continues to show relative short-term weakness. Soy oil futures rose about double canola’s gain, with canola’s strength limited by the rising Canadian dollar. “It’s choppy right now,” said Ken Ball, broker with P.I. Financial in Winnipeg. “The markets are going to be choppy going […] Read more

Profit-taking undercuts CME live cattle futures

CHICAGO, Nov 6 (Reuters) – Chicago Mercantile Exchange live cattle closed lower on Monday, hit by profit-taking after last week’s sharply higher cash prices drove some trading months up by their 3-cents per pound daily price limit on Friday. Funds “rolled” the December contract and simultaneously bought deferred ahead of similar moves on Tuesday. Tuesday […] Read more

Live cattle hit daily price limit Friday on higher cash prices

CHICAGO, Nov 3 (Reuters) – U.S. live cattle futures surged more than two percent on Friday, rising by as much as their three cent daily price limit on technical buying and following gains in cash cattle markets late Thursday, traders and analysts said. All but front-month December live cattle reached life-of-contract highs while feeder cattle […] Read more