Markets
China has announced ambitious plans to require a 10 percent ethanol blend in gasoline by 2020. This could be as big a factor in crop markets as the huge increase in U.S. ethanol production in the 2000s that helped to lift corn prices for years. It has the potential to bring massive changes in the […] Read more
Markets
Chinese ethanol plan could shake up markets
WP livestock report
HOGS SHARPLY LOWER The opening of a new hog slaughter plant in Iowa is not yet helping the cash hog price. Hog supply is ample, even as U.S. slaughter for the week was up about 13 percent over last year at the same time. Average U.S. carcass weight was 211.64 pounds, up about two pounds […] Read more
Growers frustrated by low prices offered for winter wheat
Winter wheat growers are frustrated. The 2017 crop in Western Canada had low disease and high quality, but some producers feel grain elevators are low balling the price. That’s because buyers are using it to blend into spring wheat or for feed, said Jake Davidson, executive director of Winter Cereals Canada. “The problem right now […] Read more
Cargill offers new options
Limb by limb the post-CWB marketing animal is evolving in Western Canada. It’s becoming a more complex beast, but that complexity is the farmer’s friend, or should be. Each new element is something that some farmer somewhere could find ideal. “The transparency is very important for the credibility of the program,” Tom Halpenny, a grain […] 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 MARKET STABILIZES The Canfax average fed steer price moved off its lowest point of the year, […] Read more
Australia wheat struggles to compete as dryness cuts output
SINGAPORE, Sept 21 (Reuters) – Australian wheat prices have risen above offers being made for U.S. cargoes in Asia, a rare market situation that is expected to drive more purchases from North America, two trade sources said. Australian wheat exporters have made little progress in selling new-crop wheat into Asia this year as the smallest […] Read more
Live cattle surge on cash optimism, technical buying
CHICAGO, Sept 20 (Reuters) – Chicago Mercantile Exchange live cattle futures notched their biggest gains in 11 months on Wednesday, boosted by optimism for higher cash cattle prices and technical buying, traders and analysts said. Higher cattle sales at a weekly online auction helped to trigger the rally. Feeder cattle and lean hog futures also […] Read more
Corn and soybeans look for export demand amid harvest pressure
WINNIPEG, Sept. 20 (CNS) – The ongoing U.S. harvest is keeping a lid on rallies in corn and soybean markets. Corn futures on the Chicago Board of Trade chopped above and below the psychologically-important US$3.50 per bushel mark during the week ended Sept. 20. Soybeans felt some pressure from fund selling and generally seemed to […] Read more
Feeder cattle hit 2-month high, hogs firm on technical buying
CHICAGO, Sept 19 (Reuters) – U.S. livestock futures gained on technical buying on Tuesday, with feeder cattle rising to a two-month high and lean hogs climbing by as much as 2.6 percent, traders said. Fresh news remained scant, but traders were more optimistic about higher cash prices for both cattle and hogs. Declining prices for […] Read more
Canola edges higher despite bearish StatsCan report
Canola futures edged higher Tuesday for a fifth straight session, supported by crusher buying and slowing farmer sales, traders said. Rain in areas across the Prairies is stalling harvest. There was snow northwest of Edmonton. Canola’s mild strength today did not come from soybeans, which ended the day a little lower. STATISTICS CANADA There was […] Read more
