Markets
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
Markets
Muted reaction as USDA boosts corn yield to record, leaves soybean unchanged
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
Profit-taking undercuts CME live cattle futures
CHICAGO, Nov 6 (Reuters) – Chicago Mercantile Exchange live cattle closed lower on Monday, hit by profit-taking after last week’s sharply higher cash prices drove some trading months up by their 3-cents per pound daily price limit on Friday. Funds “rolled” the December contract and simultaneously bought deferred ahead of similar moves on Tuesday. Tuesday […] Read more
U.S. biodiesel import limit opens door to canola
A biodiesel trade war in the United States should result in new demand for Canadian canola oil, says an economist. The U.S. commerce department issued a preliminary ruling last week paving the way for antidumping duties on imports of biodiesel from Argentina and Indonesia. The duties range from 54 to 70 percent on soy biodiesel […] Read more
India ponders pulse import limits
India is contemplating import duties on peas and lentils, says a commodity markets specialist. In an article he wrote for the Hindu Business Line, G. Chandrashekhar said the Indian government is at its wits end trying to figure out how to prop up low pulse prices. Market rates for pigeon peas are 20 percent below […] Read more
CME live cattle futures retreat from 5-month high
CHICAGO, Nov 2 (Reuters) – Chicago Mercantile Exchange live cattle on Thursday settled lower, pressured by profit-taking after futures posted new highs for the contract and reached their highest level in almost five months, said traders. December futures led decliners after funds “rolled” that month and at the same time purchased deferred contracts ahead of […] Read more
