Markets
CHICAGO, Nov 1 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday reached their highest level in a month, driven by short-covering and recent increase in wholesale beef values, said traders. They added that some investors bought CME live cattle futures, and simultaneously sold lean hog contracts, in anticipation for possibly firmer cash cattle […] Read more
Markets
CME live cattle futures leap to one-month high
CME lean hog futures rise for third straight session
CHICAGO, Oct 31 (Reuters) – Chicago Mercantile Exchange lean hog futures on Monday settled higher for a third consecutive session, with strength from buy stops and firmer wholesale pork values on the final trading day for the month, traders said. Most actively traded December lean hogs closed 1.150 cents per pound higher at 47.950 cents. […] Read more
Canola remains stable, wheat shows glimmers
Canola futures tickled high prices not seen since June, but then eased off slightly Monday. Soybeans and soybean components were also little changed at the close, following losses Friday. However, wheat showed some light and gained on what some said was short-covering, following a United States Commodity Futures Trading Commission report. It showed a growing […] Read more
EU, Canada sign free trade deal but battle not over
BRUSSELS, Oct 30 (Reuters) – The European Union and Canada signed a free trade agreement on Sunday that aims to generate jobs and growth though it must still clear some 40 national and regional parliaments in Europe in the coming years to enter fully into force. Canadian Prime Minister Justin Trudeau signed the treaty along […] Read more
Benefits of freer trade buried by protectionist rhetoric
These are hard times for free-traders. Both candidates for the United States presidency are threatening to rip up or renegotiate free trade deals and a tiny region of Belgium may effectively veto the Canada-European Union free trade agreement. Joe Glauber, former U.S. Department of Agriculture chief economist, has sat through dozens of free trade negotiations […] Read more
Pundits disagree on La Nina impacts
Market analyst expects La Nina will cut Argentina’s corn crop, while weather expert downplays the system
A well-know weather expert disagrees with analysts who are reducing South America’s production prospects due to a looming La Nina event. Reuters reports that one of its own analysts has decreased his estimate for Argentina’s potential corn harvest by more than eight million tonnes. That is because forecasters at the United States National Oceanic and […] Read more
Sunflower industry hopes for recovery
Sunflowers are down but not out in Manitoba. Seeded area fell to 66,000 acres this year, one of the smallest plantings in the last decade. However, industry representatives are feeling hopeful about next year because more buyers are interested in Canadian sunflowers. “We’ve had a couple of new organizations get into the business,” said Troy […] Read more
CME hog futures climb despite Smithfield plant close
CHICAGO, Oct 27 (Reuters) – Chicago Mercantile Exchange lean hog futures pared the prior day’s losses on Thursday, led by technical buying in the face of ample packer inventories and a temporary shutdown at an East Coast packing plant, traders said. December lean hogs finished 1.175 cent per pound higher at 45.375 cents. February ended […] Read more
Feedgrain market a bright spot amid gloom
Farmers have found a nice surprise this awful harvest: a peppier than expected Alberta feedgrain market. “If anything good happened from the snow, it’s that the price has found something to stand on,” said Jared Seitz of grain brokerage Agfinity. “I was surprised to see feed wheat rallying right along with feed barley last week.” […] Read more
U.S. September cattle placements reach record low
cattle futures CHICAGO, Ill. (Reuters) — Chicago cattle futures jumped higher Oct. 21, supported by a smaller than expected number of cattle entering U.S. feedlots in September. September placements were 1.905 million head, down two percent from 1.941 million last year, according to the U.S. Department of Agriculture’s cattle on feed report. That was well […] Read more
