Markets
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. Crops:
Markets
LIVESTOCK – Cattle, hogs mostly higher on short-covering after losses
CHICAGO, Sept 28 (Reuters) – U.S. cattle and hog futures were mostly higher on Wednesday, with feeder cattle rallying about 1 percent on short-covering following recent lows, traders said. Several Chicago Mercantile Exchange lean hog contracts fell to lifetime lows before trimming losses as traders squared up their positions ahead of a quarterly U.S. hog […] Read more
CME live cattle futures plunge 3-cents price limit
CHICAGO, Sept 27 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday slumped, with nearby contracts down the 3-cents per pound daily price limit, rattled by fund selling and uneasiness before cash prices by Friday, said traders. October and December settled down by the 3-cents limit to 103.825 and 103.125 cents, respectively. Live cattle’s […] Read more
Brazil eyes Asian middle class to expand food exports
BRASILIA, Sept 27 (Reuters) – Brazil is betting Asia’s rapidly growing middle class will help it capture one tenth of the global food market in five years by expanding its exports beyond soy, sugar and coffee, the country’s Agriculture Minister Blairo Maggi said on Tuesday. Maggi, a billionaire soy farmer, said Brazil will focus on […] Read more
Finland proposes Nordic countries to lift biofuel target
HELSINKI, Sept 27 (Reuters) – Finland has proposed that Nordic countries should set a joint target on biofuels and increase the minimum proportion of bio-based raw materials in all fuels, Finnish Prime Minister Juha Sipila told reporters on Tuesday. Finland has set itself a target for 20 percent of all transport fuel to come from […] Read more
Heavy rains expected to curb Australia wheat output
SYDNEY, Sept 27 (Reuters) – Australian wheat output will likely fall short of official estimates of near record volumes as heavy rains exacerbate recent damage to crops in the east of the world’s fourth largest exporter, farmers and analysts said on Tuesday. The country’s east coast is expected to receive as much as 100 millimetres […] Read more
Vegetable oil rally supports canola
Canola edged slightly lower on Monday, but held on better than soybeans, which fell about one percent on forecasts for drier harvest weather in the Midwest. The drier weather will be welcome after parts of the northern Midwest faced heavy rain and flooding since last week. Rain in Saskatchewan and Manitoba on Friday and Saturday […] Read more
LIVESTOCK – Lower cash prices send CME live cattle futures lower
CHICAGO, Sept 26 (Reuters) – Chicago Mercantile Exchange live cattle futures closed lower on Monday, pressured by technical selling and last Friday’s drop in prices for slaughter-ready, or cash, cattle, said traders. October live cattle ended 0.450 cent per pound lower at 106.825 cents, and settled below the 10-day moving average of 107.06 cents. December […] Read more
Canada works to counter protectionist mood of U.S. campaign
OTTAWA, Sept 26 (Reuters) – Canadian diplomats are fanning out across the United States to talk up the benefits of trade with state and local leaders and counter what senior officials see as a worrying mood of protectionism swirling through the U.S. election campaign. Amid voter anger about the supposed harm done by international trade […] Read more
Agricultural merger mania fuels fears among small seed sellers
Sept 26 (Reuters) – The U.S. Justice Department is looking into concerns that global consolidation among major seed and agricultural chemical companies may squeeze supplies of the building blocks for widely used genetically modified seeds, a farm group told Reuters. The department has asked the American Soybean Association for details about how small and independent […] Read more
