Markets
Finding perfection in futures markets is an impossible task. However, brokers and traders say North America’s main futures contracts can provide good risk management, even if they sometimes take a bit of engineering and TLC. “A lot of times it’s never going to be a perfect hedge, especially with wheat, but it’s giving you some […] Read more
Markets
Hedging with U.S. futures and options tricky but possible
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 rallies The weaker Canadian dollar and rising cash cattle market in the United States drove […] Read more
WP livestock report
U.S. hogs lower While the weaker Canadian dollar helped support cash hog prices in Canada, the U.S. market weakened on improving market-ready supply. The United States is proposing to change its hog grading standards to include colour and fat marbling, putting greater emphasis on factors that affect flavour. If implemented, the new grading would be […] Read more
Can U.S. corn crop get even bigger?
WASHINGTON, Nov 9 (Reuters) – The U.S. Department of Agriculture’s 2.1 percent bump to its corn yield forecast on Thursday signals this year’s bumper harvest may get even bigger, as the government has in the past followed up late season increases with further upward adjustments. The USDA added 3.6 bushels per acre to its already […] Read more
Muted reaction as USDA boosts corn yield to record, leaves soybean unchanged
WASHINGTON, Nov 9 (Reuters) – U.S. corn production will be higher than expected as harvest yields came in higher than expected despite some concerns about the crop throughout the growing season, government data showed on Thursday. The U.S. Department or Agriculture also surprised the market by leaving its soybean yield estimate unchanged. Traders had expected […] Read more
VIDEO: Canada’s agricultural markets update – November 8, 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 futures slump 3rd straight session
CHICAGO, Nov 8 (Reuters) – Chicago Mercantile Exchange live cattle lost ground for a third day in a row on Wednesday, led by lower early-week cash prices, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index periodically sold, or “rolled,” December long positions mainly into deferred […] Read more
Surprise Indian duty on peas leaves Canada scrambling
WINNIPEG — The Canadian pea industry was shocked this morning to wake up to a notice from India declaring a 50 percent tax on pea imports to the country. “This sort of moves us beyond even where India has been before in pulse import duties.… More than a decade ago we were at 10 percent. […] Read more
India slaps duty on peas, wheat
India’s government has imposed a 50 percent duty on peas and a 20 percent duty on wheat. Pulse prices in India are suffering because of a bumper harvest of all crops in 2016-17 and a good summer crop in the current crop year. The country also still has substantial supplies of imported pulses. The Times […] Read more
Cash price unease weakens CME live cattle futures
CHICAGO, Nov 7 (Reuters) – Chicago Mercantile Exchange live cattle on Tuesday settled lower, pressured by sell stops and caution in advance of cash prices later this week, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index sold, or “rolled,” December long positions mainly into February […] Read more
