Markets
SAO PAULO (Reuters) – The amount of soy and corn moved through Brazil’s new port terminals in the country’s north reached 51.2 million tonnes in 2017, 80 percent more than a year earlier, as traders increase shipments through the terminals that are closer to export destinations. According to annual statistics released late on Thursday by […] Read more
Markets
Grain movements at northern Brazil ports jumped 80 pct in 2017
Canola up ahead of long weekend
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Friday, as traders adjusted positions ahead of the long weekend. Many Canadian markets will be closed for provincial holidays on Monday, including Louis Riel Day in Manitoba and Family Day elsewhere. Meanwhile, U.S. markets will also take a long weekend for Presidents Day. […] Read more
Critical time for U.S. wheat as drought threatens
Farmers in Kansas, Oklahoma, Colorado and Texas are hoping for relief this week from persistent drought conditions that threaten yields in many of the United States’ most productive winter wheat growing areas. Sources at the U.S. Department of Agriculture say lack of rainfall since late October along with extremely low topsoil moisture conditions are heightening […] Read more
Malting barley exports are frothy
Cheers to Canadian barley exporters. The crop has been moving at an incredible clip so far in the 2017-18 crop year. Exporters shipped 925,300 tonnes of barley through week 27 of the campaign, an 85 percent increase over the same period the previous crop year. “It’s pretty phenomenal this year,” said Phil de Kemp, executive […] Read more
New supply-demand report doesn’t tell dramatic tale
The USDA’s World Agricultural Supply and Demand Estimates report shows supplies of corn and soy aren’t historically high, but wheat remains big
There was a time when the world waited on the U.S. Department of Agriculture to write the outlook for the commodity markets, but last week’s report was more like punctuation of a sentence already penned. Improved global supply and projected crop reconnaissance might be a growing factor in the reduced impact of the monthly World […] Read moreAg markets hold their own as stock markets swirl
Have you been transfixed by the mayhem in the world’s stock markets? If you’re a fan of financial news, it’s been the most dramatic time in recent memory, with explosive volatility erupting out of a glib and complacent equity market. It’s been big. It saw the biggest one-day selloff in history (by points if not […] Read more
Crop market ignoring stocks volatility
The stock markets might be undergoing a correction, but the decline so far hasn’t hurt grain futures prices. I’ve been reading about how some analysts, notably Goldman Sachs, think commodities could be a big beneficiary from the decline in equities with the potential to lift prices, including agricultural product values. However, others disagree with that […] Read more
Livestock forecast: good with a chance of maybe
PHOENIX, Ariz. — Agribusiness intelligence sources suggest 2018 could be a good year with some fringes of uncertainty. There are record amounts of beef, pork and poultry in the United States so retail prices should be stable, said Cattlefax analyst Mike Murphy. “We got into that extremely tight supplies in 2014 that drove retail prices […] Read more
WP livestock report
Hog prices variable The U.S. national live price average for barrows and gilts was US$54.81 per hundredweight Feb. 9, up from $54.57 Feb. 2. U.S. hogs averaged $69.72 on a carcass basis Feb. 9, down from $72.59 Feb. 9. The U.S. pork cutout was $74.44 per cwt. Feb. 9, down from $81.63 Feb. 2. The […] 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 market strengthens Fed steer prices rose by 29 cents last week to average 163.52 per hundredweight. […] Read more
