Markets
Hogs down The U.S. national live hog price average for barrows and gilts was US$61.59 per hundredweight Aug. 4, down from $62.94 Aug 4. U.S. hogs averaged $77.85 on a carcass basis Aug. 11, down from $79.82 Aug. 4. The U.S. pork cutout was $94.44 per cwt. Aug.11, down from $95.77 Aug. 4. The estimated […] Read more
Markets
WP livestock report
Asia Grains-Indonesia buys Canadian wheat, Australia offers new crop
SINGAPORE, Aug 15 (Reuters) – A flour miller in Indonesia bought 25,000 tonnes of Canadian spring wheat in a recent deal for arrival in November while Australian exporters are offering new-crop wheat, traders said. The Indonesian miller purchased Canadian wheat between US$320 and $325 a tonne, including cost and freight. Spring wheat prices rallied to […] Read more
Corn soybean futures struggle under heavy supplies
WINNIPEG, Aug. 16 (CNS) – Corn and soybean traders continue to assess the fallout from last week’s world supply and demand report from the United States Department of Agriculture. The monthly report stunned analysts with predictions for U.S. corn yields at 169.5 bushels per acre and soybean yields of 49.4 bu./acre. “That just destroyed the […] Read more
ICE Canada canola futures slide for fifth straight day
WINNIPEG (Reuters) — ICE Canada canola futures slipped on Wednesday for a fifth straight session, pressured by a stronger Canadian dollar. Dry conditions in Western Canada modestly underpinned canola, but buyers have been content to wait and see how the crop turns out, a trader said. November canola lost $1.60 to $492.70 per tonne, touching […] Read more
CME live cattle futures give back Tuesday’s gains
CHICAGO, Aug 16 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday reversed some of Tuesday’s advances, led by fund liquidation and expectations for softer prices for slaughter-ready, or cash, cattle this week, traders said. “We obviously still see liquidation by funds that are still long the market,” West Oak Commodities analyst Tom Tippens […] Read more
ICE Canada canola futures fall as U.S. rains pressure oilseeds
WINNIPEG (Reuters) — ICE Canada canola futures dropped on Tuesday, dragged lower by rains that were favorable to the U.S. soybean crop. Canola’s losses were more modest than those of soybeans for much of the session due to concerns about low yields in the western Canadian canola crop, but finished with similar declines, a trader […] Read more
CME live cattle rebound after bargain hunters step in
CHICAGO, Aug 15 (Reuters) – Chicago Mercantile Exchange live cattle futures closed sharply higher on Tuesday, ignited by bargain buying after burdensome supplies recently sank the contract to eight-month lows, said traders. “Everybody was just overly bearish and we had lots of long liquidation by funds pushing the market down. So we’ve got to where […] Read more
ICE Canada canola futures fall to 10-day low
WINNIPEG (Reuters) — ICE Canada canola futures slid on Monday to a 10-day low, pressured by outlooks for favourable U.S. weather in soybean growing areas. Canola was underpinned by concerns about dry weather curbing yields in Western Canada. November canola lost $4.80 to $502.10 per tonne. The November-January canola spread traded 870 times. Chicago Board […] Read more
CME live cattle retreat on softer cash price outlook
CHICAGO, Aug 14 (Reuters) – Chicago Mercantile Exchange live cattle futures fell on Monday on expectations for lower prices for slaughter-ready, or cash, cattle this week amid ample supplies, traders said. The decline triggered pre-determined sell orders, and funds sold the October contract after it slipped beneath its 200-day moving average of 107.183 cents. August […] Read more
China’s soybean crushers get reprieve as port chaos starts to clear
BEIJING, Aug 11 (Reuters) – Chaos that swept China’s soybean market in recent weeks as lossmaking crushers flipped cargoes and closed plants appears to have eased by Friday, allaying fears of widespread contract defaults like those that shook the world’s top consumer in 2014. Three ships carrying soybeans that had been sitting anchored off the […] Read more
