Markets
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.
Markets
Canola dips on large global soybean stocks in USDA report
Canola futures fell on Wednesday, pressured by weakness in U.S. soybeans after a U.S. government report estimated rising global soy inventories. The stronger Canadian dollar also weighed on canola. The trade was also starting to wind down the wide spread between old and new canola prices. U.S. December corn futures rose 1.7 percent on after […] Read more
Cattle fall 2 pct on profit-taking reversal; hogs firm
CHICAGO, May 9 (Reuters) – U.S. live cattle and feeder cattle futures declined 2 percent or more on Tuesday, reversing from earlier gains as traders took profits on concern that surging prices could hurt beef demand, traders and analysts said. Lean hog futures were higher at the Chicago Mercantile Exchange but finished well off their […] Read more
India keeps Canadian lentil market at a standstill
Winnipeg, May 9 – Lentil prices are largely stagnant, one market participant says, as key buyer India sits on the sidelines. And from the outside, stocks appear ample, but new-crop production could shift the dynamic of Canada’s lentil market. Statistics Canada stocks data as of March 31 pegged lentil supplies at about 1.1 million tonnes, […] Read more
India may move on fumigation issue
Saskatchewan Pulse Growers says there has been a positive development in an ongoing market access issue with India. India has posted draft amendments to a plant quarantine order that had previously threatened to derail exports to Canada’s top pulse market. The document suggests India is willing to recognize and accept Canada’s systems approach to dealing […] Read more
Cattle mostly sharply higher on roll, beef gains
CHICAGO, May 8 (Reuters) – U.S. live cattle futures were mostly sharply higher on Monday, rising as investors rolled positions forward and as wholesale beef prices extended gains, traders and analysts said. Feeder cattle and lean hogs also climbed at the Chicago Mercantile Exchange, with all three recouping a portion of the losses notched on […] Read more
U.S. flour millers scramble for high-protein wheat on quality fears
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
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
