Markets
WASHINGTON, April 11 (Reuters) – The U.S. Department of Agriculture on Tuesday raised its outlook for domestic soybean supplies, with massive crops in Brazil and Argentina seen keeping a lid on U.S. exports of the oilseed. Corn ending stocks were left unchanged, USDA said in its monthly supply and demand report. U.S. soybean ending stocks […] Read more
Markets
USDA raises outlook for domestic soybean supplies
CME live cattle up for fourth straight session, but off session tops
CHICAGO, April 10 (Reuters) – Chicago Mercantile Exchange live cattle rose for a fourth consecutive session on Monday, fueled by short-covering and futures’ discounts to last week’s cash prices, said traders. Last weekend’s news that China offered to lift its ban on U.S. beef helped spike Chicago Mercantile Exchange over 1 percent on Monday. But, […] Read more
CME live cattle futures extend gains as funds buy
CHICAGO, April 7 (Reuters) – Chicago Mercantile Exchange live cattle rose for a third straight day on Friday with support from fund buying and futures’ discounts to late-afternoon cash price expectations, said traders. They said some market participants sold April futures and simultaneously bought deferred months in a trading strategy known as bear spreading. April […] Read more
Nov canola gains $7.90 on week
Canola futures on Friday closed higher for the fourth time in five days this week, supported by slow farmer selling and stronger soy oil. May canola closed at $489.10 per tonne, up $3.80 on the day while new crop November closed at $484.30 up $3.30. Over the week May canola rose $4.70 per tonne. New […] Read more
Canadian peas holding range ahead of coming production
Winnipeg, April 7 – A policy extension from major pulse buyer, India, brought short-term support to Canada’s dry pea market, but values are hanging in a range. In late March, India extended its fumigation policy requirement for three months, allowing the market some breathing room, though officials are still hoping to come to a long […] Read more
Final oat supply numbers, quality still unclear
Alan Butuk drove 150 kilometres through northeastern Saskatchewan in the last week of March, and saw only one crop of oats in the field. The drive would suggest that only a few Saskatchewan growers were unable to harvest oats last year because of a wet fall, but Butuk said the number is much higher. “I’m […] Read more
Firm caters to healthy demand
Grain Millers may soon become the largest oat miller in the world, but Terry Tyson isn’t pre-occupied with that label. In March, the U.S. company announced a $100 million expansion to its mill in Yorkton, Sask., where it manufactures a range of conventional and organic oat products. The investment will add 80,000 tonnes of capacity […] Read more
Bargain buying rallies CME hogs from 4-month low
CHICAGO, April 6 (Reuters) – Chicago Mercantile Exchange lean hogs closed higher on Thursday after bargain buying lifted futures from four-month lows, said traders. They said buy stops and deferred-month technical buying furthered market advances. April hogs ended up 0.300 cent per pound to 63.925 cents, and May 1.200 cents higher at 69.550 cents. “We […] Read more
Alta. elk producers needed to fill growing demand
EDMONTON — The Alberta elk industry is shrinking at a time when cervid products are in good demand. The number of elk farms in the province dropped to 162 last year from 391 in 2005. These reductions in production are coinciding with a period in which meat and velvet antler for the health supplement market […] Read more
Desperately seeking profit may lead to disaster
Canola is many farmers’ biggest moneymaker, and good crop rotation is many farmers’ best financial hedge. However, those two factors have collided in a way that is undermining not only individual farmers’ security but also those of their neighbours, and even the future of the canola industry itself. For two decades, I’ve heard agronomists urge […] Read more
