Markets
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.
Markets
CME live cattle end firmer despite cash price pessimism
CHICAGO, April 5 (Reuters) – Chicago Mercantile Exchange live cattle futures gained modestly on Wednesday, aided by their discounts to this week’s cash price expectations, said traders. They said sufficient supplies and seasonally tepid wholesale beef demand capped market advances. April live cattle closed up 0.050 cent per pound to 118.275 cents, and June up […] Read more
CME hog futures hit 4-month low as cash prices slide
CHICAGO, April 4 (Reuters) – Chicago Mercantile Exchange lean hog futures fell to their lowest level since early December on Tuesday, with ample supplies dragging down cash prices for a ninth straight session, said traders. April hogs ended 1.125 cents per pound lower at 63.675 cents, and May closed down 1.225 cents to 68.175 cents. […] Read more
CME hog futures slump on pork demand fears
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
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
