Canola sold off Monday as soybean oil suffered another day of losses, weakening the overall vegetable oil crop markets. Canola is particularly vulnerable to weakness in vegoil prices because most of its value comes from its oil content. Where vegoil prices go, canola follows. “Bean oil has really rolled over in the last few days,” […] Read more
Daily news
Vegoil weakness hurts canola
Feed pea benchmarks declining
WINNIPEG — Following are highlights in the Canadian and world pulse markets from Monday morning. • Shortages and resulting high local prices in India remain at the forefront of the global pulse market. The government recently imposed restrictions on how many tonnes companies can store in an effort to curb hoarding. A number of state […] Read more
Rains hit and miss in U.S. Plains wheat belt
CHICAGO, Ill. (Reuters) — Storms brought much-needed rain to parched areas of the southern U.S. Plains winter wheat belt last week, but other areas still need rain. Torrential rain from Hurricane Patricia’s wake led to flooding across a swath of southern and southeast Texas, but that is not the heart of the winter wheat region. […] Read more
Ag Canada adjusts pulse-special crops supply-demand tables
WINNIPEG — Agriculture Canada released its latest supply and demand report for Canadian pulse crops Oct. 22, raising the production expectations slightly while lowering the ending stocks forecast for 2015-16. Stocks at the end of 2015/16 are expected to total 515,000 tonnes, down from the September estimate of 565,000 tonnes. Ending stocks for 2014-15 were […] Read more
WHO declares red meat probably carcinogenic
The World Health Organization has concluded that red meat is probably carcinogenic to humans and processed meat is carcinogenic to humans. In a release issued this morning, the International Agency for Research on Cancer, a WHO division, said there is a direct link between eating processed meat and the likelihood of cancer. “For an individual, […] Read more
World Health Organization takes aim at red meat
WINNIPEG — The following is a glance at the news moving markets globally. Processed meat causes cancer: World Health Organization Eating processed meat can cause bowel cancer, the World Health Organization said today. The WHO added processed meat, such as hot dogs and ham, to its group one list, which also includes items like asbestos […] Read more
September U.S. feedlot cattle placements drop close to 20-year low
By Theopolis Waters CHICAGO, Oct 23 (Reuters) – The number of cattle placed in U.S. feedlots in September was the fewest since the U.S. Department of Agriculture began compiling the data in 1996. The drop was expected and the report will likely have little effect on the futures market. Placements were down four percent from […] Read more
Bye bye CWB
G3 Canada is putting its stamp on what was the CWB. Workers this week were changing the logo sign at the top of the building in downtown Winnipeg that houses the grain company. G3 Canada, a joint venture between Bunge Canada and SALIC Canada Ltd., a wholly owned subsidiary of Saudi Agricultural and Livestock Investment […] Read more
Canola futures post modest weekly gain on currency shift
The falling Canadian dollar helped canola edge higher on Friday, capping a week when November canola gained 0.6 percent. There was little news specific to canola. November canola gained $1.10 to $475.50 per tonne, remaining in the $470 to $480 range it has been in for weeks. We won’t know for sure until the StatsCan […] Read more
Cattle futures finish mostly weak before USDA report; hogs down
By Theopolis Waters CHICAGO, Oct 23 (Reuters) – Most Chicago Mercantile Exchange live cattle contracts closed down slightly on Friday after investors tweaked positions in advance of Friday’s government’s monthly Cattle-On-Feed report at 2 p.m. CDT. Analysts expect the report to show fewer cattle entered feedlots last month than in September 2014. “We were getting […] Read more
