Markets
CHICAGO, Nov 16 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday reversed some of Wednesday’s gains, led by weaker cash and wholesale beef values, traders said. Some market participants tweaked positions before Friday’s U.S. Department of Agriculture (USDA) monthly Cattle-On-Feed report. “We saw a small rally yesterday, and a steady opening today, that […] Read more
Markets
CME live cattle slip on softer cash, beef prices
Russia determined to boost grain export capacity by 50 percent
MOSCOW — Russia, which has shattered wheat harvest records three years running and is expanding production of other crops as well, aims to increase its grain export capacity by 50 percent to 7.5 million tonnes a month within three years. And its importance on world wheat markets is reflected in the CME Group’s announcement Nov. […] Read more
Canadian flax prospects dimmed by China’s silk road
WINNIPEG, Nov. 16 (CNS) – China’s construction of a new “silk road” connecting the country to Europe isn’t likely to be good news for Canadian flax exporters. For several years, Canada has been the main exporter of flax to China but that could likely change if Kazakhstan ever has a direct link to China. “We […] Read more
Canola exports demand soaring
Canola demand might be booming, but its recent price couldn’t escape the effects of a negative U.S. production report and a rising Canadian dollar. Canola exports in the week to Nov. 5 were 470,200 tonnes, the largest one-week movement for the oilseed ever. The total exported in the first 13 weeks or one quarter of […] 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. The Canfax fed steer-weighted average was $149.24, up $1.09, and heifers were $148.78, up $1.01. In moderate […] Read more
WP livestock report
Hogs down The U.S. national live price average for barrows and gilts was US$48.25 per hundredweight Nov. 10, down from $48.93 Nov. 3. U.S. hogs averaged $59.70 on a carcass basis Nov. 10, down from $62.33 Nov. 3. The U.S. pork cutout was $81.92 per cwt. Nov. 10, up from $77.56 Nov. 3. The estimated […] Read more
EU soft wheat area might fall, durum steady
PARIS, Nov. 16 (Reuters) – Difficult sowing conditions in northern Europe prompted consultancy Strategie Grains to cut its monthly estimate for the area sown with soft wheat for the 2018 crop, with farmers also put off by low prices. Strategie Grains on Thursday projected ongoing soft wheat sowings in the European Union would reach 23.5 […] Read more
China’s COFCO seeks more Canadian canola
By Rod Nickel WINNIPEG, Nov. 15 (Reuters) – State-owned Chinese agribusiness COFCO Corp. looks to buy 2.5 million tonnes of Canada’s canola crop next year, a boost of more than one-third over its expected purchases this year as its Canadian office gets established, said the company’s global head of softseeds on Wednesday. COFCO opened its […] Read more
VIDEO: Canada’s agricultural markets update – November 15, 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.
Short-covering pares recent CME live cattle losses
CHICAGO, Nov 15 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday settled higher after short-covering helped recoup some of the market’s recent cash price related losses, traders said. A few investors adjusted positions before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report on Friday. December live cattle finished 0.700 cent per pound higher […] Read more
