Markets
HAMBURG, April 12 (Reuters) – Germany’s 2017 wheat crop will rise by 2.7 percent on the year to 25.26 million tonnes as crops benefited from a warm end to winter, the association of farm cooperatives said on Wednesday. The association forecast Germany’s 2017 winter rapeseed crop would rise 7.1 percent on the year to 4.93 […] Read more
Markets
German 2017 wheat and rapeseed harvests seen up on year
Cattle hit 2-1/2-week highs, hogs gain on fund buying
CHICAGO, April 11 (Reuters) – U.S. live cattle futures jumped to a 2-1/2 week peak on Tuesday while lean hogs were mostly higher on support from investment fund buying linked to big gains in wholesale beef prices, traders and analysts said. Most-active Chicago Mercantile Exchange June live cattle futures gained for the fifth straight session, […] Read more
UPDATE: USDA raises global year end stocks forecast
WASHINGTON/CHICAGO, April 11 (Reuters) – The U.S. Department of Agriculture on Tuesday raised its outlook for global soybean, corn and wheat inventories above traders’ expectations, adding pressure to futures prices already struggling under the weight of massive supplies. However there was not a severe reaction in Chicago futures prices. Corn and soybeans were down less […] Read more
China edible oil surplus weighs down veg oil price, could affect canola market
SINGAPORE/BEIJING, April 11 (Reuters) – Steep falls in Chinese edible oil prices have knocked soybean processing margins deep into negative territory, leading to a likely drop in imports of palm oil by the world’s top oilseed buyer. That could weaken vegetable oil prices generally, which would weigh down canola futures. Higher vegetable oil imports in […] Read more
Australian farmers commit to wheat despite price slump, threat of dry weather
SYDNEY, April 11 (Reuters) – Australian farmers will maintain wheat acreage during the 2017-18 season at a near three-year high, farmers and analysts said on Tuesday – rejecting incentives to plant alternative crops amid low prices and unfavourable weather forecasts. Australia – the world’s fourth-largest wheat exporter – will begin planting wheat crops in the […] Read more
USDA raises outlook for domestic soybean supplies
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
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
