Markets
WINNIPEG, Manitoba, Dec 1 (Reuters) – Canada’s wheat and canola crops withstood wintry weather that stalled the autumn harvest, and production is expected to top last year’s output, according to Reuters’ industry survey of 13 analysts and traders. Statistics Canada on Tuesday will issue its final crop production estimates for the 2016-17 marketing year. The […] Read more
Markets
Forecast: Canadian wheat, canola crops weather snow, top last harvest
Cattle, hogs rise on cash markets, capping monthly gains
CHICAGO, Nov 30 (Reuters) – Chicago Mercantile Exchange cattle and hog futures rose about 1 percent on Wednesday, rallying after two straight sessions of losses on the back of gains in U.S. cash cattle and hog markets, traders and analysts said. Most-active CME February live cattle settled 1.650 cents higher at 111.950 cents per lb. […] Read more
VIDEO: Canada’s agricultural markets update – November 30, 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.
U.S. says biofuels program not expected to meet targeted emissions cuts
NEW YORK, Nov 28 (Reuters) – The U.S. biofuels program, designed to boost demand for renewables in gasoline and diesel, is unlikely to meet its targets for cutting greenhouse gas emissions, the government said in two reports on Monday. The Renewable Fuel Standard (RFS), the more than decade-old biofuels policy, is unlikely to meet targeted […] Read more
CME live cattle futures extend losses
CHICAGO, Nov 29 (Reuters) – Chicago Mercantile Exchange live cattle futures ended lower for a second day in a row on Tuesday, pressured by more profit-taking ahead of potentially steady to weaker cash prices by Friday, said traders. December live cattle closed down 0.375 cent per pound to 108.925 cents, and February ended 0.725 cent […] Read more
Cattle, hogs futures extend rally on packer demand
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
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 more
