Markets
I might be presumptuous, but I think China’s capacity for canola imports is better than the pessimistic outlook issued by a major Chinese grain company executive. Felix Muller, head of global soft seeds for COFCO International, last week said China’s imports will likely be capped at about 10 percent above the current level. We’ve reported […] Read more
Markets
Crop yields to rise even with climate change
Benefits of higher carbon dioxide levels will offset impact of global warming, an American speaker says at Grain World
Some people peer closely at crop statistics. Others get down on their hands and knees to figure out exactly how many cobs and kernels of corn or heads and kernels of wheat are in a square yard of farmland. Kurt Ahrens does both, and the fanatical crop tour participant gave good news to Grain World’s […] Read moreChinese protein needs hurt canola
Canada’s canola industry needs to dial back its ambitions for exports to China because there’s little chance they will be as large as many hope. That was a repeated message from Felix Muller, head of global soft seeds for Chinese crop trading giant COFCO International. “Demand in China is highly price sensitive,” Muller said at […] 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 CATTLE LOWER The Canfax weighted average fed steer price was $147.46 per hundredweight, down $1.78, and […] Read more
WP livestock report
HOGS DOWN U.S. hog prices fell as packers slowed buying in advance of a short week because of U.S. Thanksgiving. The U.S. national live price average for barrows and gilts was US$45.69 per cwt. Nov. 17, down from $46.91 Nov. 9. U.S. hogs averaged $56.96 on a carcass basis Nov. 17, down from $59.90 Nov. […] Read more
LIVESTOCK-Fund buying rallies CME lean hog futures
By Theopolis Waters CHICAGO, Nov 22 (Reuters) – Chicago Mercantile Exchange lean hogs settled higher on Wednesday, with support from fund buying and short-covering before the U.S. Thanksgiving Day holiday, traders said. CME livestock markets will be closed for Thursday’s holiday, but resume on Friday at 8:30 a.m. CST and close early at 12:15 p.m. […] Read more
Wed. market closes little changed ahead of US holiday
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
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
