Markets
CHICAGO, April 3 (Reuters) – Chicago Mercantile Exchange lean hog futures fell on Monday, pressured by concerns that the seasonal bump in supplies might further hurt cash prices and curb retail pork buying, said traders. They said sell stops and fund liquidation hastened hog market losses. April hogs ended 0.875 cent per pound lower at […] Read more
Markets
CME hog futures slump on pork demand fears
Weekly wrap: USDA reports have modest impact on canola futures
Canola futures fell a little Friday, weighed down by USDA planting intentions and stocks reports that were bearish for soybeans. Also, canola struggled this week with weaker export and domestic use data. However, the impact on canola futures when all was said and done was fairly small. May canola closed at $484.40 per tonne, down […] Read more
USDA: Soybean plantings seen at record high despite ample stocks
By Mark Weinraub WASHINGTON, March 31 (Reuters) – Soybean futures fell and corn rose following the USDa report that said U.S. farmers plan to seed a record amount of soybean acreage this spring, even with supplies trending near all-time highs. Growers will dial back their corn seedings this spring despite signs of firm demand as […] Read more
Shockingly high production in Brazil lifts soy forecast to 113.3 mln tonnes
SAO PAULO, March 30 (Reuters) – Brazil’s 2016-17 soybean crop forecast was raised to a record 113.3 million tonnes on Thursday compared to 111 million tonnes seen earlier in March, after independent consultancy Agroconsult finished a crop tour through main producing areas. Agroconsult said most Brazilian states reported record average soybean yields in the fields, […] Read more
IGC sees smaller global crops in 2017-18, but total supply still large
LONDON, March 30 (Reuters) – The International Grains Council on Thursday forecast a drawdown in global grains stocks in 2017-18 for the first time in five seasons, amid falling production and rising consumption. In its first forecast for the 2017-18 season, the IGC estimated global grains production at 2.05 billion tonnes, down from 2.106 billion […] Read more
Get advice on energy deals
READYMADE, Alta. — Negotiating with solar and wind project developers is not the same as negotiating for oil and gas development, says Alberta’s Farmers Advocate Office. Landowners need to know this, now that provincial and federal carbon policies are fostering more renewable energy proposals. Among the differences: Alberta’s Surface Rights Act does not apply to […] Read more
Wheat surplus might shrink
There is an ever-so-slight bullish sentiment creeping into the wheat market, says an analyst. Even as wheat futures prices fell in the past week, a few events happening around the world could help reduce the burdensome global supply of the crop, said Neil Townsend, senior market analyst with FarmLink Marketing Solutions. One positive is the […] Read more
Brazilian meat fraud rocks markets
Analysts have no clue how much the Brazilian meat scandal could affect Canadian meat exports or prices. However, as some of Brazil’s main markets re-open their doors to the country’s beef and poultry, the direct physical dislocation of the country’s products might not be the biggest impact. “We’ll have to figure out how deep it […] Read more
Lamb price steady but no herd expansion seen
Alberta lamb prices are projected to remain stable, supported by tight supplies and limited growth in herd size and in consumer demand. A similar situation exists around the world, where flocks are not growing and demand for lamb is flat, Jason Wood, a livestock market analyst at Alberta Agriculture, said in a recent webinar. “Consumption […] Read more
When will the run of global good weather run out?
Rain this week in the United States southern Plains and the Midwest is putting to rest for now concerns about drought in American winter wheat crops. Winter wheat crops in Europe, Ukraine, and India are all said to be in good shape. Rain in Russia might not be enough to sustain another record crop, but […] Read more
