Markets
WASHINGTON, Oct 12 (Reuters) – The U.S. Department of Agriculture on Thursday lowered its outlook for the soybean yield from its September forecast but left the total production view for the oilseed largely unchanged due to increased harvested acres. However, it lowered its forecast of year end soybean stocks. It bumped up its domestic corn […] Read more
Markets
VIDEO: Canada’s agricultural markets update – October 11, 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 Group declares victory over cattle market volatility, users not so sure
CHICAGO, Oct 11 (Reuters) – CME Group Inc. plans no further moves to reduce volatility in its cattle futures market, after making a series of changes to rein in wild price swings that drove away hedgers, a managing director said on Wednesday. Over the past two years, the exchange operator, which owns the Chicago Mercantile […] Read more
Hogs rise on stronger cash markets; cattle about flat
CHICAGO, Oct 11 (Reuters) – Chicago Mercantile Exchange lean hogs climbed for the second straight session on Wednesday, buoyed by short-covering and rising cash hog prices, traders and analysts said. Live cattle and feeder cattle futures each were little-changed in relatively light-volume trading in livestock futures ahead of a U.S. Department of Agriculture monthly grain […] Read more
Manitoba corn harvest starts, yields show potential
Oct. 10 (CNS Canada) – Manitoba’s corn harvest is just getting underway as many producers hold off combining to provide extra dry down time. More farmers will likely get into their grain corn this week and next, said Pam de Rocquigny, general manager of Manitoba Corn Growers. “The weather looks great so, hopefully corn continues […] Read more
Cattle, hog futures jump on spreading, packer demand
CHICAGO, Oct 10 (Reuters) – U.S. live cattle and lean hog futures rose more than 1 percent on Tuesday, lifted by spreading and investment fund buying backed up by robust demand from meat packers, traders and analysts said. Beef and pork packers were capturing big profit margins given higher meat prices and comparatively lower prices […] Read more
Brazil’s 2017-18 grain output may drop due to weather
SAO PAULO, Oct 10 (Reuters) – Brazilian farmers will likely produce a smaller amount of corn and soy in 2017-18 due to less favourable weather than the prior crop year, food supply and statistics agency Conab said on Tuesday. In its first forecast for the 2017-18 crop, Conab estimated Brazilian total grain production at between […] Read more
Strong crush and exports support canola futures
Canola posted another modest rally on Friday, supported by a stronger soybean complex. A rising pace of canola exports and crush also helped support canola, which closed at $496.70, up $1.50 in the November contract. Also the slow pace of the canola harvest in northern Alberta supported the price. Alberta Agriculture said that as of […] Read more
Hog futures plunge on spreading, weaker cash 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
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
