Markets
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
Markets
CME live cattle drop from one-year peak, hogs rise
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
Analysts’ views of seeding report: record canola area, huge jump in soybean acres
By Dave Sims, Commodity News Service Canada WINNIPEG, April 21 (CNS) – Canadian oilseed acreage is set to boom according to the latest acreage estimates from Statistics Canada. Today, the agency released its Principal Fields Crops Acreage Summary for 2017-18 on April 21. It pegged canola acreage at a record 22.387 million acres, a jump […] Read more
Loonie dips on cool inflation
By Fergal Smith TORONTO, April 21 (Reuters) – The Canadian dollar weakened on Friday against its U.S. counterpart as cooler-than-expected domestic inflation reduced pressure on the Bank of Canada to consider interest-rate hikes. The annual rate fell to 1.6 percent from the previous month’s 2.0 percent, exceeding economists’ forecasts for a decline to 1.8 percent. […] Read more
StatsCan seeding intentions: canola and soybean area increase, less durum
Canadian farmers seen planting biggest-ever canola area By Rod Nickel and David Ljunggren WINNIPEG/OTTAWA, April 21 (Reuters) – Canadian farmers intend to plant their biggest-ever canola area, exceeding trade expectations, and trim wheat sowings, according to Statistics Canada’s first report on seeding for the year, released on Friday. The report turned ICE Canada November canola […] Read more
Seeding Intentions: canola and soybeans increase
Canadian farmers seen planting biggest-ever canola area By Rod Nickel and David Ljunggren WINNIPEG/OTTAWA, April 21 (Reuters) – Canadian farmers intend to plant their biggest-ever canola area, exceeding trade expectations, and trim wheat sowings, according to Statistics Canada’s first report on seeding for the year, released on Friday. The report turned ICE Canada November canola […] Read more
Spring harvested canola unlikely to be food quality
Plenty of canola from the 2016crop remains to be harvested but not much will be food worthy, says an analyst. Derek Squair, president of Agri-Trend Marketing, believes 1.3 million acres are left in fields across Western Canada. He estimates 20 percent of what remains is still standing and the remainder is in swaths. “Anything that’s […] Read more
CME live cattle futures again notch 1-year highs
CHICAGO, April 20 (Reuters) – Chicago Mercantile Exchange live cattle futures climbed on Thursday to a one-year top for the third straight day, and deferred contracts marked fresh highs, helped by firmer wholesale beef values, traders said. April live cattle closed 1.700 cents per pound higher at 129.625 cents. June ended 0.525 cent higher at […] Read more
