Markets
CHICAGO, Oct 6 (Reuters) – Chicago Mercantile Exchange lean hog futures tumbled by about 3 percent on Friday, weighed down by spreading and abundant supplies that pressured cash markets, traders said. Front-month October and most-active December hogs bore the brunt on the selling, while deferred hog contracts were only narrowly lower. CME October hogs dropped […] Read more
Markets
Hog futures plunge on spreading, weaker cash markets
Palm recovery weighs on oilseed price
The price of canola is determined by a host of factors. The supply and demand of canola is a key determinant but so too the global supply and demand for other types of oilseeds, particularly soybeans and palm oil. Currency fluctuations also work into the price. Canola prices are also affected by the markets for […] Read more
Poor fall weather takes toll on EU rapeseed plantings
PARIS, France (Reuters) — The rapeseed area for next year’s harvest in the European Union could fall slightly as adverse weather prevents some farmers from carrying out all their planned sowings, crop consultancy Strategie Grains said. The firm’s analysts estimate the area sown with rapeseed for the 2018 harvest at 16.4 million acres, down one […] Read more
Canada-EU free trade deal now in force
When the Canadian government was selling the free trade deal with the European Union to the public, it repeatedly mentioned one of the benefits being the elimination of duties on wheat and durum. It said the Comprehensive Economic and Trade Agreement (CETA) would wipe out tariffs of up to $122 per tonne on wheat and […] Read more
Wheat markets struggle with high production
Hopes that the wheat market had already posted its harvest low were dashed last week when the U.S. Department of Agriculture raised its estimate of the spring wheat harvest. The report was negative for prices but was really just a modest readjustment when placed in the context of the global wheat market. And in that […] Read more
Wheat premiums to vary by region
It’s two different worlds with wheat in the United States and Canada. And things could get and stay wacky until everybody’s figured out what they’ve got. “It’s going to take the system some time to figure out how much of what is out there,” said Brian Voth, who operates the marketing advisory firm Intellifarm in […] Read more
Soybean prices take hit on U.S. proposal
Soy oil prices dipped last week after the U.S. government an-nounced it is considering dropping biodiesel mandates in 2018 and 2019. “It’s certainly getting the trade’s attention here, especially after the market had been feeling that we’d be doing nothing but increasing (mandate) amounts in the coming years,” said Rich Nelson, chief strategist with Allendale […] Read more
WP livestock report
Hogs The U.S. quarterly hogs and pigs report showed the total herd was up two percent, similar to trade expectations. The breeding herd was up one percent and the market hog herd up three percent, also similar to expectations. The trade thinks that today’s low ham prices will attract strong export demand that will help […] 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 down The Canfax weighed average steer price was $131.63 per hundredweight, down $2.95. There was […] Read more
India nixes Canada’s exemption on pulse fumigation fee
Pulse shipments to Canada’s top customer suddenly got more expensive, at least temporarily. Canada and other exporters have received a fumigation derogation from India allowing them to ship pulses without fumigating them with methyl bromide until Dec. 31, 2017. That derogation came with a stipulation they would have to pay five times the regular inspection […] Read more
