Markets
Dry conditions across the U.S. northern plains and spring seeding setbacks in Western Canada could boost prices
A developing drought in the United States northern plains, early signs of a low protein U.S. winter wheat crop and planting problems in Western Canada could spark a spring wheat price rally, say analysts. Jim Peterson, marketing director for the North Dakota Wheat Commission, says it has been hot and dry in Montana, western North […] Read more
Markets
Hempseed acre increase may lead to excess supply
Hempseed may top 140,000 acres in Western Canada this year, a significant increase from recent levels of 70,000 to 100,000 acres. If acreage does jump and yields are decent, Canada could produce an excess of hempseed in 2017, says an industry leader from Saskatchewan. “We are probably going to end up with way more than […] Read more
CME live cattle close mixed, hog futures higher
CHICAGO, June 8 (Reuters) – Chicago Mercantile Exchange live cattle futures settled mixed on Thursday after an up-and-down session, supported by futures’ discounts to preliminary cash prices but pressured by profit-taking, traders said. June closed up 0.175 cent per pound at 131.375 cents, and August down 0.150 cent at 124.025 cents. On Thursday, a small […] Read more
Heavy net short market, weather issues a recipe for price volatility
The dominant story in grain markets has been the perception of excessive global crop supply. Recent concerns that China’s demand for commodities is sagging and that Chinese soy crush margins are poor added to the negative sentiment. The pressure has been all downward and the big commodity speculation funds are all on the sell/short side […] Read more
Russian wheat prices rise
markets briefs black sea MOSCOW, June 5 (Reuters) – Russian wheat export prices have edged higher for a third consecutive week due to persistent concerns over wheat crops in Russia and Ukraine to be harvested this summer, analysts said on Monday. Cold weather in central Russia is delaying crop development. Last week, Russia’s agriculture ministry […] 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 price falls The Alberta fed market was unable to gain momentum even with the strong market […] Read more
WP livestock report
Hogs rise Profitable packer margins, good pork demand and seasonally tightening supplies lifted hog prices. U.S. hogs averaged US$72.98 on a carcass basis June 2, up from $71.01 May 26. The U.S. pork cutout was $91.40 per cwt. June 2, up from $90.28 May 26. The estimated U.S. weekly slaughter for the week to June […] Read more
Huge grain supplies dampen impact of USDA reports
CHICAGO, June 8 (Reuters) – The U.S. Department of Agriculture monthly crop reports, which have often provided huge shocks to the market, have been met by a shrug in 2017, with price moves and volume muted by the massive global supply of grains. USDA will release its next supply and demand report on Friday at […] Read more
High prices linger for spring feedgrains
Farmers with feedgrains have been able to ride the traditional spring rally for weeks longer than usual this year. “It’s come on the back of crazy weather, late seeding, late combining and a mixed bag of problems,” said Brandon Motz of CorNine Commodities in Lacombe, Alta. Lethbridge delivered barley prices in the week of May […] Read more
Cattle futures firm, hogs mixed on technical trading
CHICAGO, June 7 (Reuters) – U.S. live cattle futures rose on Wednesday in a rebound from losses in the previous session while some lean hog contracts weakened following recent gains in technically driven consolidation trade, traders and analysts said. Rising wholesale beef prices buoyed cattle futures as retailers bought to stock meat coolers ahead of […] Read more
