Markets
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.
Markets
Most CME live cattle futures gain on spreads
CHICAGO, Oct 4 (Reuters) – Chicago Mercantile Exchange live cattle gained modestly on Wednesday during a trading strategy known as bear spreading in which investors sold October futures and simultaneously bought deferred months. Some market participants used the spreads to avoid possible deliveries on Monday evening against the October contract. Profit-taking and uncertainty about this […] Read more
Oat prices firm as harvest rolls in
WINNIPEG, Oct. 3 (CNS) – Oat prices firmed this week in Saskatchewan even as reports streamed in indicating yields were slightly better than anticipated. Harvest in Saskatchewan is over three-quarters complete although recent rains have delayed progress somewhat. The province is the dominant growing area for oats in the country. Bids rose five cents to […] Read more
Russia low balls crop to support prices
MOSCOW, Oct 3 (Reuters) – A desire to support local grain prices has been a key factor in the rare situation of Russian officials being among the last in the global agriculture industry to say Russia’s 2017 grain crop would hit a record, analysts and sources said. Some countries are routinely suspected of understating their […] Read more
Canola hangs around familiar levels
Canola futures eased a bit Monday, but stayed above the $490 per tonne level, the point at which it’s been static for days. “Canola remains kind of trapped,” said Ken Ball, broker with P.I. Financial in Winnipeg. “But it has been trading very strong in relative value.” Canola’s chart flatness is a much better situation […] Read more
Bargain hunters, fund buying boosts CME hog futures
CHICAGO, Oct 2 (Reuters) – Chicago Mercantile Exchange lean hog futures finished sharply higher on Monday, fueled by bargain buying in the technically oversold market, said traders. They said funds helped accelerate market advances after contracts punched through technical resistance levels. October hogs, which will expire on Oct. 13, ended 1.850 cents per pound higher […] Read more
Spring wheat future down on bearish USDA report, canola little changed on week
December spring wheat future were slammed down 3.3 percent Friday as the USDA said the crop was larger than expected. The USDA reports were more positive for soybeans and corn, causing modest rallies in those crops that spilled over to support canola. November canola closed at $492.40 per tonne, up $1.60 on the day. The […] Read more
Soy, corn up following U.S. stocks report, wheat down
WASHINGTON, Sept 29 (Reuters) – U.S. soybean and corn stockpiles are massive, but not quite as huge as the trade expected. Corn and soybean futures were trading a little higher following the U.S. Department of Agriculture stocks report issued today, but wheat was down as its stocks were higher than the midpoint of trade expectations. […] Read more
LIVESTOCK-CME hog futures settle mostly lower before USDA report
CHICAGO, Sept 28 (Reuters) – Most Chicago Mercantile Exchange lean hog contracts closed lower on Thursday, pressured by profit-taking ahead of the U.S. Department of Agriculture’s quarterly hog report at 2 p.m. CDT (1900 GMT). “The industry will no doubt show herd expansion and record large production, it’s just […] Read more
Pea processors proliferate
Pea growers are on the verge of seeing a massive new market materialize in their own backyard. If all the proposed pea fractionation and ethanol plants are built over the next couple of years, it will create 750,000 tonnes of new demand for the crop. Carl Potts, executive director of Saskatchewan Pulse Growers, said that […] Read more
