Markets
LONDON (Reuters) – The global wheat market is expected to see the first drawdown in stocks in six seasons in 2018/19 with production forecast to fall, the International Grains Council said on Thursday. “In 2018/19, reductions in both area and average yields may see the global wheat harvest recede and stocks are predicted to […] Read more
Markets
IGC sees drawdown in wheat, corn stocks in 2018/19
Brazil’s Parana soy harvest, corn seeding way behind last year
SAO PAULO (Reuters) – Soybean harvesting and planting of the main corn crop in Brazil’s second-largest producer of grains is far behind what occurred last year, as excessive rains delay field work, Paraná’s research body, Deral, said on Thursday. The state, which together with Mato Grosso makes up the bulk of Brazil’s soy and corn […] Read more
South American weather will affect U.S. soy, corn seeding plans
Most analysts expect American farmers will reduce corn acres this spring and increase soybeans. The question is the magnitude of the shift. The outcome will affect the prices of most crops, including canola and wheat. If soybean acreage turns out even bigger than expected, it could weigh down 2018-19 oilseed prices. A key determinant to […] Read more
U.S. soybean shipments sluggish
Now might be the time to put some soybean sales on the books while the market is temporarily distracted by Argentina’s troubles, says an analyst. Rich Nelson, chief strategist with Allendale Inc., believes prices will fall when the market shifts from worrying about Argentina’s lingering dryness to focusing back on U.S. supply and demand fundamentals. […] Read more
WP livestock report
Hogs rise The U.S. national live price average for barrows and gilts was US$51.42 per hundredweight Feb. 16, down from $54.81 Feb. 9. U.S. hogs averaged $64.82 on a carcass basis Feb. 16, down from $69.72 Feb. 9. The U.S. pork cutout was $76.99 per cwt. Feb. 16, up from $74.44 Feb. 9. The estimated […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Fed prices up slightly Alberta direct cattle sales were seasonally light last week, and average prices firmed […] Read more
USDA 2018 forecasts see soy ending 35 years of corn dominance
ARLINGTON, Va., (Reuters) – U.S. farmers will plant the same amount of soybeans and corn this spring, the U.S. Department of Agriculture projected on Thursday, potentially marking the first time since 1983 that corn has not been the nation’s top crop. Soybeans have gained favor among U.S. farmers as rising global demand, especially from China, […] Read more
Asia-Pacific imports of high-protein wheat likely to drop as regional output grows
SINGAPORE/BEIJING (Reuters) – The Asia-Pacific is this year likely to import less of the high-protein wheat used to churn out food such as noodles and pizza as growers in the region ramp up output, traders said. Australia, the world’s No.4 wheat exporter, has harvested larger volumes of protein-rich hard wheat in the 2017/18 crop year, […] Read more
Canola follows soy higher
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex continued to rise alongside U.S. soybeans and soyoil. Dry weather in Argentina underpinned the futures. Spread action was steady as traders continued to roll out of the March contract and into May. Weakness in the Canadian dollar was supportive. However, farmer selling and the […] Read more
Argentine soy, corn face ‘worst-case’ drought scenario
BUENOS AIRES (Reuters) – Argentina’s soy and corn fields were expected to stay mostly dry next month as a four-month-old drought bites deeper into crop yields, analysts said on Wednesday, with one warning of a “worst-case scenario” developing on the Pampas grains belt. Hot, dry weather in the world’s No. 3 exporter of raw soybeans […] Read more
