Markets
Hogs rally The U.S. wholesale pork cutout was the highest since October 2014, indicating that demand could continue past the July 4 holiday. High temperatures this week could slow hog weight gain. The U.S. national live price average for barrows and gilts was US$66.82 per cwt. June 30. U.S. hogs averaged US$85.76 on a carcass […] Read more
Markets
WP livestock report
Wheat sharply down midmorning Thursday
U.S. spring wheat September futures are down about 39 cents a bushel or 4.8 percent at mid morning Thursday after touching a new four-year high a day earlier. Other wheat contracts are also lower, as is wheat, but canola is up a little and soybeans are about steady. “I’m surprised by the extent of the […] Read more
VIDEO: Canada’s agricultural markets update – July 5, 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.
U.S. hogs rise on pork gains; feeder cattle ease
CHICAGO, July 3 (Reuters) – U.S. lean hog futures climbed to fresh life-of-contract highs on Monday, gaining on bear-spreading as wholesale pork prices reached the highest levels in more than two years. Dealers continued to buy back Chicago Mercantile Exchange July hog contracts and roll positions into deferred months such as most-active August hog futures […] Read more
Crop futures close much higher after bullish USDA report
Bullish USDA acreage and stocks reports for spring wheat and soybeans Friday caused crop futures markets to rally higher. Spring wheat acreage was lower than the trade expected and soybean acreage, although a record, was also less than expected. Corn acres were higher than expected. A heatwave expected in the U.S. Northern Plains also supported […] Read more
Solid Canada growth raises talk of July rate hike
OTTAWA, June 30 (Reuters) – Canada’s economy grew for a sixth consecutive month in April, while a central bank survey of business sentiment showed firms were feeling more upbeat, accelerating expectations for a possible sooner-than-expected rate hike. The economy grew by 0.2 percent in April, Statistics Canada said on Friday, matching expectations and indicating Canada […] Read more
U.S. spring wheat, soy acreage less than expected – USDA
Almost all crop futures were trading higher on Friday following major reports from the U.S. Department of Agriculture, but the true bullish numbers were in spring wheat on lower than expected seeded area and soybeans on lower than expected quarterly stocks. USDA pegged spring wheat acreage at 10.899 million acres, down from its March estimate […] Read more
U.S. spring wheat, soy acres smaller than expected – USDA
Almost all crop futures are trading higher on Friday following major reports from the U.S. Department of Agriculture, but the true bullish numbers were in spring wheat on lower than expected seeded area and soybeans on lower than expected quarterly stocks. USDA pegged spring wheat acreage at 10.899 million acres, down from its March estimate […] Read more
StatCan – Canadian farmers raise canola, soybean seeded acres
Canadian farmers say they favoured oilseeds as they wrapped up planting the 2017 crop, according to a survey by Statistics Canada. The report issued Thursday morning pegged canola area at 22.837 million acres, at the high end of the trade’s range of expectations. The area is 12.1 percent more than last year. It will be […] Read more
Spring wheat soars again as heatwave approaches
The spring wheat market shifted from deeply concerned to panic Thursday and old crop canola saw a nice gain. Most-traded September Minneapolis wheat closed up 4.45 percent at US$7.39 ½. Earlier in the day it traded as high as $7.68. In Canada PDQInfo.ca said No. 1 CWRS 13.5 percent protein cash ranged C$8.08-$8.23 per bushel […] Read more
