Markets
CAFTA weighs in on CUSMA review … feeling more optimistic than they were a year ago.
Markets
Ag exporters push for trade deal extension
The Canadian Agri-Food Trade Alliance says the Canada-U.S.-Mexico Agreement is vital for food exporters
China imports no US soybeans for third month; Argentine arrivals up 634 per cent
China imported no soybeans from the United States for a third straight month in November, as buyers turned to South American supplies amid fears of a shortfall if the trade war with Washington dragged on.
Prairie Wheat Weekly: Modest increases for cash prices
Spring wheat and durum cash prices were moderately higher across the Canadian Prairies for the week ended Dec. 19. This was despite losses in Chicago and Kansas City wheat and Agriculture and Agri-Food Canada projecting larger all wheat ending stocks for 2025/26. Minneapolis wheat bumped up on the week, lending some support to Canadian cash prices.
Huge crops in South America says analyst
Although there’s a debate over the size of the South American soybean crop, there’s little doubt that it will be an enormous one, said consultant Michael Cordonnier of Soybean and Corn Advisor in Hinsdale, Ill.
U.S. livestock: ‘Cattle on feed’ report supports prices
Chicago cattle futures rose as the USDA’s ‘Cattle on Feed’ report showed inventories two per cent down from a year ago. Most-active April live cattle futures gained 1.850 cents to close at 230.000 cents a pound. June contracts settled at 223.825 cents per pound, up 1.725 cents. Most-active March feeder cattle futures gained 4.800 cents […] Read more
U.S. grains: Wheat trades near contract lows under ample global supply
Chicago | Reuters – Chicago wheat futures ended higher on Friday, but hit their biggest weekly drop since June as abundant and cheap global supply kept prices near an eight-week low. Soybean futures declined for a sixth day, reaching their lowest price since October 24, as speculators continued to unwind long positions due to ample […] Read more
Canada October retail sales down 0.2 per cent; seen up 1.2 per cent in November
Canadian retail sales fell by 0.2 per cent in October from September to $69.44 billion, on lower sales at food and beverage retailers, Statistics Canada said on Friday.
Parrish & Heimbecker to buy GrainsConnect Canada
Farmers see the planned purchase as another sign of continuing consolidation in the western Canadian grain business
P&H is buying GrainsConnect Canada, creating further consolidation in Western Canada’s grain sector.
U.S. grains: Wheat recovers on short covering, soy continues to fall
Chicago | Reuters – Chicago wheat futures found their footing on Thursday on short covering but remained near eight-week lows after China cancelled purchases from the United States and as large harvests in Argentina and Australia poured new grain into a well-supplied market, analysts said. Soybean futures continued the previous day’s fall on long liquidation […] Read more
U.S. livestock: Cattle futures lower on falling beef prices, selling
Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures tipped lower on Thursday as falling wholesale boxed beef prices and long liquidation pressured the market, analysts said. A decline in boxed beef prices has made meatpackers, whose margins continue to remain in the red, less willing to pay up for cattle. “The […] Read more
