Markets
Attempts by Canada’s top durum customer to end imports of the crop have fallen short of the mark. Algeria has stated that it will become self-sufficient in durum production by 2019. The government hopes to achieve that goal by boosting the amount of land under irrigation to five million acres. Algeria’s agriculture department is paying […] Read more
Markets
Algeria’s goal for self-sufficiency in durum a stretch
VIDEO: Canada’s agricultural markets update – April 26, 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.
Higher cash prices propel CME live cattle to 1-year high
CHICAGO, April 26 (Reuters) – Chicago Mercantile Exchange live cattle on Wednesday reached its highest level in a year, ignited by short-covering and futures’ discounts to initial cash prices, traders said. They said bargain buying briefly sent some deferred live cattle months to fresh highs and up their 3.000-cents per pound daily price limit. April […] Read more
C$ slumps to 14-month low after U.S. sets lumber duties
By Alastair Sharp TORONTO, April 25 (Reuters) – The Canadian dollar slumped to a 14-month low against its U.S. counterpart on Tuesday after the United States said it would impose preliminary anti-subsidy duties averaging 20 percent on imports of Canadian softwood lumber. The move sets a tense tone as the two countries and Mexico prepare […] Read more
ICE Canada canola futures dip on profit-taking, later contracts rise
WINNIPEG, Manitoba, April 25 (Reuters) – ICE Canada canola futures mostly fell on Tuesday as investors booked profits, but deferred contracts representing the next harvest edged higher on fears of planting delays. The most-active contract gained about 10 percent in the three-week period ending on Monday, and investors were locking in profits by selling, a […] Read more
Snow, unharvested crop lift canola futures Monday
More snow and rain in parts of the prairies over the weekend and today helped lift canola futures on Monday. Worries are increasing that the amount of overwintered canola that will be fit for crushing is dropping with the poor weather. Also the weather is delaying field work. It will put extreme pressure on those […] Read more
CME live cattle drop from one-year peak, hogs rise
CHICAGO, April 24 (Reuters) – Chicago Mercantile Exchange live cattle fell on Monday in a profit-taking setback after notching one-year highs for four straight days last week, traders said. Larger-than-expected cattle placements in a monthly government report issued after the market closed on Friday added pressure to start the week, with deferred contracts posting the […] Read more
CME live cattle scores 1-year top for fourth straight day
By Theopolis Waters CHICAGO, April 21 (Reuters) – Chicago Mercantile Exchange live cattle notched a one-year high for a fourth consecutive session on Friday, bolstered by improved wholesale beef demand and futures’ discounts to this week’s cash prices, traders said. Analysts viewed the U.S. Department of Agriculture’s monthly Cattle-On-Feed report, issued after the market closed, […] Read more
Pulse acreage could change from forecast
Pulse crop acres will be down more than analysts expected in 2017, according to Statistics Canada’s seeding intentions report. But some analysts think lentil acres in particular are being under-estimated for a variety of reasons. According to the March survey of 11,600 farmers, growers plan to seed 4.39 million acres of lentils, down 25 percent […] Read more
WEEKLY WRAP: May canola rises $25.90 on week as farmer look for warmer weather
Canola closed little changed on Friday even though the Statistics Canada seeding intentions report was somewhat bearish for the oilseed. It was generally a neutral day in the grain markets and the Canadian dollar was a little lower. StatsCan said canola area would rise 10 percent to a record 22.39 million acres. Analysts were surprised […] Read more
