Markets
CHICAGO, Nov 25 (Reuters) – U.S. cattle and hog futures extended gains to fresh multi-month highs on Friday, buoyed by technical buying and strong demand from beef and pork packers, traders said. Live cattle jumped more than 1 percent at the Chicago Mercantile Exchange, capping their fifth consecutive week of higher prices. Lean hog futures […] Read more
Markets
Cattle, hogs futures extend rally on packer demand
G3 Canada lowers wheat PROS, raises canola
Winnipeg, Nov. 25 (CNS Canada) – Projected returns for wheat marketed through G3 Canada Limited’s annual pool were revised slightly lower in the latest monthly report, while canola and peas were higher. G3 also released its first winter pool projections of the marketing year on November 24. Wheat markets held fairly steady since the October […] Read more
Price next year’s crop now
Five hundred is a nice number. That’s true especially when it’s in dollars per tonne for new crop canola and gives farmers a chance to take some 2017-18 price protection. “It gives us that nice round number to look at,” said David Derwin, an adviser with P.I. Financial in Winnipeg. Both Derwin and Jon Driedger […] Read more
South America ready to grow its markets
Sean Pratt reports from the Oilseed & Grain Trade Summit in Minneapolis, Minn. MINNEAPOLIS, Min. — South America will dramatically expand its share of agricultural markets in the coming years, says an analyst. Jose Gobbee, director of GOAGRO, an agricultural investment management company, said Brazil and Argentina are expected to convert millions of acres into […] Read more
Oil prices set to rise for soy, canola
Expert predicts tight world stocks of vegetable oil will pressure prices for soy oil higher, which in turn will boost canola
Sean Pratt reports from the Oilseed & Grain Trade Summit in Minneapolis, Minn. MINNEAPOLIS, Min. — Market analysts are bearish on most agricultural commodities, but one is definitely bullish on soy oil, which bodes well for canola. Bill Lapp, president of Advanced Economic Solutions, said stocks of most agricultural commodities are rising, but that is […] Read moreRussia takes crown as world’s top wheat exporter
Records are being set in the world wheat market this year. For the first time, Russia is expected to be the world’s largest wheat exporter in 2016-17, surpassing the collective exports of the countries of the European Union. Closer to home, analysts forecast that American farmers will seed the smallest wheat crop since the pioneer […] Read more
Policy change may flood grain market
Sean Pratt reports from the Oilseed & Grain Trade Summit in Minneapolis, Minn. MINNEAPOLIS, Minn. — Wheat and corn exporters can expect increased competition from Argentina as farmers there adjust to the removal of punitive export taxes on most crops. “The past government was kind of anti-farming and mainly was capturing all the value that […] Read more
CFIA dismisses injured cow claims
A Canadian Food Inspection Agency investigation is complete into an August report of an injured dairy cow aboard a livestock transport truck in Ontario. The agency said it followed up with the parties involved and found that one animal had a surface injury that did not compromise its health and well-being during transport. No enforcement […] Read more
WP livestock report
Hogs fall The U.S. hog slaughter was the second largest ever. The ample supply of hogs and the record pace of slaughter this fall kept downward pressure on hog and pork prices. The U.S. national live price average for barrows and gilts was US$32.72 per cwt. Nov. 18, down from $33.25 Nov. 11. U.S. hogs […] Read more
Canfax report
Fed cattle rise The weekly fed steer weighted average rose $3.11 to $142.44 per hundredweight, and heifers climbed $3.43 to $141.42. Tight supplies and rebounding cattle futures supported the market.Weekly dressed trade was generally up $5-$7 per cwt. with most the sales from $238-$240 delivered. A significant volume of heifers traded. The cash-to-futures basis weakened […] Read more
