Markets
CHICAGO, Jan 17 (Reuters) – Chicago Mercantile Exchange nearby live cattle contracts on Tuesday climbed to their highest level in 10 months after investors digested last week’s better-than-expected cash prices, traders said. February live cattle closed 1.050 cents per pound higher at 119.575 cents, and April up 1.075 cents to 119.000 cents. “It was a […] Read more
Markets
Cash prices boost CME live cattle to 10-month high
Key Argentina soy areas flooded, more rains seen starting Friday
BUENOS AIRES, Jan 16 (Reuters) – Hard rains inundated key Argentina soybean-growing areas over the weekend, local farm experts said on Monday, raising doubts about production in a year that has already seen a reduction in soy planting as growers tend more toward corn. More than 97 percent of the 47.7 million hectares that the […] Read more
Live cattle rally on fund buying, cash optimism
CHICAGO, Jan 13 (Reuters) – Chicago Mercantile Exchange live cattle futures gained about 1 percent on Friday, rallying from losses in the previous session on the back of investment fund buying and optimism for higher prices in U.S. Plains cash cattle markets, traders said. Feeder cattle prices rose while lean hogs were mostly higher, underpinned […] Read more
EU wheat seen coping with winter freeze despite risks in east
PARIS, Jan 13 (Reuters) – Wheat crops in the European Union should mostly withstand freezing weather this month, helped by protective snow cover and good growth before winter, though eastern EU states such as Poland and Hungary could suffer losses, analysts said. After a cold snap last weekend in central and eastern Europe that took […] Read more
Cattle ease on technical selling, hogs narrowly mixed
CHICAGO, Jan 12 (Reuters) – U.S. cattle futures fell more than 1 percent on Thursday, extending losses to the second straight session on a technical sell-off as wholesale beef prices also continued to lose ground, traders and analysts said. Lean hogs were mixed at the Chicago Mercantile Exchange, with some front-month hog futures contracts rising […] Read more
Report shows winners, losers
ST. JEAN BAPTISTE, Man. — It looks like Manitoba farmers will likely make money on most of what they grow this year. And while anything could happen with crop prices and yields, the current outlook for revenue exceeding operating and fixed costs for many crops is a lot better than at the same time in […] Read more
Wheat surplus may drop, boosting prices in 2017
Wheat futures are edging higher in early 2017, and the crop has generated some market talk. The gist is that wheat prices have been in the doghouse for so long that they might be due for an improvement. There is some reason for this hope, but the crystal ball view is clouded by a lot […] Read more
Huge Australian lentil crop could see prices weaken
Pulse crop analysts believe red lentil prices could fall in the second half of 2016-17. The biggest immediate threat is the unusually large Australian lentil harvest making its way to markets in Asia and the Middle East. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates farmers harvested 450,000 tonnes of lentils, […] Read more
Canadian prices buoyed by weak loonie
ST. JEAN BAPTISTE, Man. — Canadian farmers should continue to be shielded by a relatively weak loonie and friendly domestic stocks of crop, says analyst Bruce Burnett of G3 Canada. But farmers shouldn’t count on continued strength in world oilseed prices nor a significant de-cline of the world glut of wheat. “I know prices aren’t […] Read more
Argentine soybean, corn seeding delayed by rain
BUENOS AIRES, Argentina (Reuters) — Expectations of big South American soybean and corn crops have been thrown into question by weather in Argentina. Brazilian weather is still favour-able to a big crop, but in late December and early January storms pounded Argentina’s breadbasket province of Buenos Aires, delaying corn and soy planting. The country is […] Read more
