Markets
Canola futures edged higher on Wednesday, supported by stronger soybeans, which neared $10 a bushel. The stronger Canadian dollar limited the gains in canola. Soybeans were supported by a lack of farmer selling and some weather risk premium to account for the potential of the developing La Nina to bring dry weather to Argentina. the […] Read more
Markets
Wed. market closes little changed ahead of US holiday
VIDEO: Canada’s agricultural markets update – November 22, 2017
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered.
CME live cattle rebounds on cash, beef prices
CHICAGO, Nov 21 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday rallied from Monday’s losses, ignited by short-covering as investors digested initial cash prices and firmer wholesale beef values, said traders. Technical buying contributed to market advances along with unwinding of Monday’s short live cattle futures long hog spreads, they said. December live […] Read more
Tuesday markets: canola dips, wheat rises
Canola futures edged lower for a second day Tuesday pressured by a slightly stronger loonie and a dip in soybeans, while wheat edged higher. Trade in most crop futures is lackluster with prices changing in only a narrow range and is likely to continue so as long as there is no major new news that […] Read more
Australia’s GrainCorp posts bumper profit but cloudy outlook hits shares
Company sees "substantially" smaller crop in year ahead
Nov 21 (Reuters) – Australia’s biggest grain handler GrainCorp Ltd said on Tuesday its annual underlying profit nearly tripled on the back of a record wheat crop, but warned of a shrinking harvest and volatile energy costs ahead, sending its shares sharply lower. The negative reaction to GrainCorp’s best result in four years underscored its […] Read more
Canola falls on vegetable oil weakness
Canola futures fell Monday, attributed to overall vegetable oil weakness. India’s announcement of restrictions on vegetable oil imports hurt the prospects for oilseeds around the world, which was felt in futures markets. Canola was also hurt by the knock-on effects of rains in northern Brazil, which has been dry. The Brazilian planting season is going […] Read more
Fund selloff sinks CME live cattle to 4-month low
CHICAGO, Nov 20 (Reuters) – Chicago Mercantile Exchange live cattle futures fell to their lowest level in four months on Monday, hit by fund selling and Friday’s bearish U.S. government cattle report, traders said. Last Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report showed ranchers in October placed the highest number of cattle in feed […] Read more
Canola futures edge up, export pace slows
Canola futures edged higher on Friday and posted a modest $4.30 a tonne gain over the week. Soy meal led the market higher on Friday, but soy oil was barely changed. Soybeans and meal were supported by forecasts for growing dry areas in Argentina, but that was offset by forecast for rain in Brazil. The […] Read more
U.S. corn and DDGS producers court Alberta feedlots
Feed barley prices are being kept in check by an abundance of U.S. corn, says a trader. Barley is selling for $215 per tonne delivered into a Lethbridge feedlot, up from about $170 per tonne a year ago. That is a hefty 26 percent increase, but it won’t likely drift much higher because U.S. corn […] Read more
USDA proposes pork grading focus on flavour, texture
If adopted, the grading system would once again play up pork as a red meat and drop the white meat comparison
Pork is getting closer to becoming “the other steak” and backing away from being “the other white meat,” says a taste-focused pig genetics company. And it believes that’s the best news the pork market has had in years. “I think it’ll create an evolution. The premium will be for hard marbling, darker meat, closer to […] Read more
