Markets
By Michael Hirtzer and Julie Ingwersen CHICAGO/MANHATTAN, Kan., May 5 (Reuters) – U.S. flour millers were scrambling to find high-protein wheat supplies remaining from last year’s harvest amid fears the developing crop, some of which was hit by snow in Kansas this week, could produce lower-quality grain, buyers said on Friday. Wheat plants in […] Read more
Markets
Profit-taking plunges CME live cattle by 3-cent limit
CHICAGO, May 5 (Reuters) – Chicago Mercantile Exchange nearby live cattle futures on Friday finished down their 3-cents daily price limit, hit by profit-taking after spiking this week to new highs, said traders. Friday was the first of five days that funds in CME’s livestock markets that track the Standard & Poor’s Goldman Sachs Commodity […] Read more
Wrapup crop market analysis – Canola supported by tight stocks, strong exports
Confirmation of tight canola stocks and rising soy oil futures helped lift canola futures on Friday. July canola settled at $525.80, up $3 and November closed at $504.80, up $2.90. March 31 canola stocks came in a 6.6 million tonnes, compared the mid point of the pre-report Reuters analysts’ poll of 6.7 million tonnes. Soyoil […] Read more
Analysts weigh in on StatsCan stocks report
Winnipeg, May 5 (CNS Canada) – Stocks numbers from Statistics Canada were bullish for canola and wheat, though the effects of the report on the market may be short-lived, analysts say. Figures for barley, lentils, and peas were above year-ago levels, but movement in those markets are more likely be driven by demand factors. CANOLA […] Read more
StatsCan canola stocks as expected, but wheat, durum smaller than trade forecast
Statistcs Canada’s March 31 grain stocks report came in as expected for canola, but the all-wheat and durum numbers were smaller than the average of trade forecasts in a Reuters poll. Total canola stocks were down 23.3 percent from the same day a year earlier to 6.6 million tonnes. That was almost spot on the […] Read more
CME live cattle up 3rd straight session but off highs
CHICAGO, May 4 (Reuters) – Chicago Mercantile Exchange nearby live cattle futures on Thursday rose for a third straight day, led by bullish market fundamentals before profit-taking pulled contracts from new highs, said traders. June settled 1.250 cent per pound higher at 131.300 cents, and spiked by its 4.500-cent expanded trading limit and a new […] Read more
Sunflowers down, but not out in western Canada
Winnipeg, May 4 (CNS Canada) – Canadian sunflower seedings will be down in 2017, but perhaps not by as much as the official government estimate. Statistics Canada forecast the country’s sunflower area at only 50,000 acres in its planting intentions report. That would be down from 70,000 the previous year and the second-lowest acreage-base of […] Read more
China’s canola demand may rise
Expect an extra one million tonnes of canola demand from China in 2017-18, say two exporters. Two large soybean crush facilities are being converted into canola processing plants and a third could follow suit. Late last year, the Chinese government granted approval for a switch plant located along the Yangtze River in Nantong, China, to […] Read more
Little impact from spike in Black Sea pea output
The 30 percent increase in production over 2016 will be offset by a decline in North American supply, says analyst
There will likely be a dramatic surge in Black Sea pea production this year, but it should not affect Canadian prices that much, says an analyst. APK Inform, a Ukrainian agribusiness consulting firm, is forecasting Ukrainian farmers will plant 926,250 acres of peas, a 57 percent increase over 2016. It is projecting 973,000 tonnes of […] Read more
Consumers developing hunger for meat again
Much is made of the growth of vegetarianism in North America, but domestic meat consumption data indicates that most people in Canada and the United States still have a taste for beef, pork and poultry. Jim Long of Genesus Genetics, a pig genetics company, often has interesting observations about the pork industry around the world. […] Read more
