Markets
CHICAGO, Ill. — Crop markets are not behaving as they should given the fundamentals, says an analyst. “There’s a lot of things going on in our markets that really don’t seem to make sense,” said Tregg Cronin, a farmer and broker from South Dakota. When that happens, he looks to the basis and spreads for […] Read more
Markets
Fund buyers send soybean futures prices off kilter
VIDEO: Canada’s agricultural markets update – December 14, 2016
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 futures slip on cash prices
CHICAGO, Dec 14 (Reuters) – Chicago Mercantile Exchange live cattle contracts finished in bearish territory on Wednesday, weakened by profit-taking and disappointing early-week cash prices, traders said. December live cattle closed down 0.025 cent per pound to 111.100 cents, and February down 0.275 cent to 113.700 cents. Cattle at Wednesday morning’s Fed Cattle Exchange (FCE) […] Read more
US soy acres set to soar on China demand, weak corn price
By Karl Plume CHICAGO, Dec 13 (Reuters) – Corn has long reigned as king of the crops in the United States, but soybeans will close the gap in 2017 to one of the narrowest on record as Chinese demand and low grain prices prompt farmers to plant more acres of the oilseed. American farmers, facing […] Read more
Record yield to encourage more soybean acres
WINNIPEG, Dec. 13 (CNS) – Soybean acreage looks set to increase next year in Manitoba due to good yields and prices. The expansion comes despite the fact the province is overdue for a killing frost and U.S. acreage is set to grow. “This year we had just over 1.6 million acres planted. Early projections call […] Read more
CME live cattle futures climb ahead of arctic blast
CHICAGO, Dec 12 (Reuters) – Chicago Mercantile Exchange live cattle futures closed higher on Monday, partly in anticipation of bone-chilling temperatures in the U.S. Plains and Midwest by week’s end, said traders. Extreme cold typically slows down weight gain in cattle, making them less available to packers. Also grocers tend to stock up on meat […] Read more
Canola falls slightly but shows toughness
On a flat day in crop markets, wheat contracts rose slightly while soybeans weakened. Canola fell slightly too, but showed relative strength. “Canola was sturdy. It didn’t want to go down,” said Ken Ball of P.I. Financial in Winnipeg. “It’s a little bit on the cheap side, so it will tend to not want to […] Read more
Video: Farm Forum Event, 2016
The Western Producer’s Robin Booker attended the Farm Forum Event in Calgary, Alberta, December 5 -7. The following video is a collection of conversations he had with presenters at meeting. 0:40 – Marlene Borsch of Mercantile Consulting Venture 3:40 – Jim Bottomley, Entrepreneur, Consultant 5:30 – Randy Allen RWA Financial Services 7:00 – Markus Braaten Agri-Trend 9:10 – Darryl Mathews, Head […] Read more
China exports flour to Canada
China’s state-owned grain handling and processing company COFCO has shipped its first international export of flour and the destination was Canada. “The export of Fortune Jindian dumpling flour, multi-purpose flour and Xiangxue dumpling flour and steamed bun flour mainly caters to the needs of overseas market for China’s quality special purpose flours, enabling local Chinese […] Read more
USDA leaves U.S. corn, soy, wheat ending stocks view unchanged
WASHINGTON, Dec 9 (Reuters) – The U.S. Agriculture Department left its domestic supply estimates for corn, soybeans and wheat unchanged on Friday, holding usage forecasts for all three commodities steady with its November outlook. On the global front, the government raised its ending stocks outlook for corn, soybeans and wheat due to increased production outlooks […] Read more
