Markets
CHICAGO, Nov 15 (Reuters) – Chicago Mercantile Exchange lean hog futures on Tuesday fell for a third consecutive session, dragged down by weaker cash and wholesale pork prices amid abundant seasonal supplies, said traders. December closed down 0.775 cent per pound to 46.125 cents, and February ended 0.700 cent per pound lower at 52.900 cents. […] Read more
Markets
Ample supplies drop CME hogs for 3rd straight session
CME live cattle futures finish mostly firmer
CHICAGO, Nov 14 (Reuters) – Most Chicago Mercantile Exchange live cattle contracts on Monday finished modestly higher after investors sold December futures and simultaneously bought deferred months in a trading strategy known as bear-spreading, traders said. December live cattle closed down 0.025 cent per pound at 105.575 cents. February ended up 0.225 cent at 106.525 […] Read more
CME live cattle futures climb as cash price outlook improves
CHICAGO, Nov 10 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday gained for a third straight day, driven by short-covering following renewed optimism for cash prices by Friday, traders said. December and February contracts broke through their respective 10-day moving averages of 102.90 and 104.86 cents, which triggered fund buying. December live cattle […] Read more
To dry or not to dry — the costly question
A poor quality crop may not be worth spending money to dry, but high quality grain is more marketable if moisture is addressed
The devil won’t be sweating about the grain drying details this winter, but thousands of farmers probably will. Farmers with millions of tonnes of wet crops in bins must now assess what’s worth drying and selling, what is better to immediately sell and what crops are safe to bin and ignore for a year or […] Read more
China’s dockage issue stalls early season exports
The evidence is in on how much the China canola dockage issue hurt exports of the oilseed. Canada shipped only 80,000 tonnes of canola to China in September compared to 314,211 tonnes in the same month in 2015 and 280,539 in 2014, according to Statistics Canada September trade data released last week. August shipments to […] Read more
Mustard prices steady despite rain
WINNIPEG — The cold, wet weather that has downgraded the quality of some of Canada’s main staple crops isn’t having the same effect on mustard, according to two experts on the specialty crop. Much of this year’s harvest is already over, but a significant number of acres remain in Saskatchewan and Alberta, said Walter Dyck […] Read more
New food guide has clout to alter eating habits
Health Canada is revising Canada’s food guide for the first time in nearly a decade. Commodity groups are keenly interested in what recommendations will be contained in the new guide because it can have a big impact on consumption patterns. But this time around, the groups won’t have the same influence on shaping the guide […] Read more
Canaryseed outlook depends on late harvest success
If farmers manage to harvest their canaryseed crops there should be plenty of supply, but that’s a big if, says an analyst. Saskatchewan Agriculture reports that half of the crop was still in fields as of Oct. 24. Canaryseed and flax are typically the last crops harvested, so it is not unusual for farmers to […] Read more
Sask. tax incentive entices B.C. firm
Agrocorp Processing plans to take advantage of provincial incentives to move its Canadian head office from Vancouver to Moose Jaw. Design work is underway for an office building next to the pulse processing plant that has been operating in the city since 2013. Colin Topham, managing director of Agrocorp Processing, said the company is evaluating […] Read more
Winter cereal acres unclear due to wet conditions in Man., Sask.
WINNIPEG — Variable conditions across Manitoba and Saskatchewan have made it difficult to estimate winter cereal acreage, the head of an industry group says. But crops that are in the ground have seen mostly favourable weather. Jake Davidson, executive director of Winter Cereals Canada Inc., said he’s waiting for data from Statistics Canada due Dec. […] Read more
