Markets
SEOUL/CHICAGO (Reuters) — South Korea, Japan, Taiwan and Hong Kong have limited imports of U.S. poultry after the United States detected its first case this year of avian flu on a commercial chicken farm, South Korea’s government and a U.S. trade group said March 6. South Korea will ban imports of U.S. poultry and eggs […] Read more
Markets
Some Asian countries restrict U.S. poultry
Current rally more than biofuel based
The triggers for grain price movements are often clear, but not always, as was the case last week when crop prices, including canola, rose. The controversy over potential American biofuel policy changes was certainly one factor that pushed crop futures prices higher, but other factors were also at work. The biofuel hubbub was typical of […] Read more
Canola’s economic influence explodes
Canada’s canola industry produces tens of billions of dollars of economic value, creates hundreds of thousands of jobs and is a major export earner. It’s a stunning result for a crop that didn’t truly exist 50 years ago and that had only one-third the impact just a decade ago. “We see an incredible amount of […] Read more
WP livestock report
Hogs weaken U.S. hog cash prices fell hard last week because traders expect larger market-ready numbers are coming down the pipeline. Cut-out values were volatile as pork belly values swung widely. The overhyped story a few weeks ago about bacon shortages might have pushed pork prices too high, and now they are correcting. The Canadian […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Fed cattle higher Fresh highs for the year were posted with the steer average at $163.22 per […] Read more
U.S. biofuel sector up in arms over policy confusion
NEW YORK, N.Y. (Reuters) — Crop futures rose recently as the United States biofuel industry was shaken over confusion about White House plans for overhauling the U.S. biofuel program. Although administration spokespeople denied talk that changes were coming that could include methods to increase the amount of ethanol and biodiesel in the fuel supply, the […] Read more
U.S. soy stocks rising as bumper Brazil crop cuts into exports-USDA
WASHINGTON, March 9 (Reuters) – Soybean futures are trading down more than one percent Thursday following a USDA supply and demand report that raised its outlook for Brazilian soy production and lowered the forecast for American soybean exports. With the reduced exports, U.S. soybean year end supplies will be bigger than expected, the government said. […] Read more
VIDEO: Canada’s agricultural markets update – March 8, 2017
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.
CME live cattle sink on technical selling; hogs firm
CHICAGO, March 6 (Reuters) – Chicago Mercantile Exchange live cattle futures eased on Monday on profit-taking and technical selling, although losses were limited by firm wholesale beef prices and the discount of futures to cash prices, traders said. April live cattle closed down 0.425 cent per pound to 115.550 cents, slipping below the contract’s 50-day […] Read more
Video: Merger, U.S. farm bill, trade and hybrid wheat major topics at Commodity Classic
SAN ANTONIO, Texas — Day one of the 2017 Commodity Classic ended with a series of press conferences for the 165 journalists attending the event. The most intriguing one was the joint Bayer-Monsanto press conference where two former adversaries embraced one another for a photo opp. Adrian Percy, global head of research and development with […] Read more
