Markets
CHICAGO, Sept 23 (Reuters) – U.S. live cattle futures finished roughly unchanged on Friday, reversing from earlier steep losses as investors squared up positions ahead of a monthly supply report that was released after the market close, traders and analysts said. Feeder cattle and lean hogs also settled about flat at the Chicago Mercantile Exchange, […] Read more
Markets
LIVESTOCK-Cattle erase losses to finish flat; hogs mostly lower
U.S. August cattle feedlot placements jump to 4-year high
CHICAGO, Sept 23 (Reuters) – U.S. feedlots in August brought in 15.0 percent more cattle compared with a year ago, the U.S. Department of Agriculture said on Friday, topping average trade estimates and the highest for the month in four years. Analysts attributed last month’s sizable placement increase to ranchers who moved cattle to market […] Read more
Alberta releases latest crop report
Good harvest progress was made with warm, dry weather but the return of rain later in the week slowed operations to a crawl. Chickpea harvest at 63 percent complete, potatoes 42 percent, sugar beets four percent and dry beans at 70 percent. Half of the dryland hay crop and 60 percent of irrigated production is […] Read more
Germany’s top court to decide on EU-Canada trade deal in October
KARLSRUHE, Sept 23 (Reuters) – Germany’s Constitutional Court will rule on Oct. 13 on a complaint by activists aimed at stopping an ambitious trade agreement between the European Union and Canada. Three German groups handed in 125,000 signatures to the court in August to try and scupper the Comprehensive Economic and Trade Agreement (CETA), which […] Read more
Harvest halts, processors close as rains swamp upper Midwest
CHICAGO, Sept 23 (Reuters) – Heavy rains and flooding swamped a broad swathe of the northern Midwest this week, halting the harvest of corn and soybeans and forcing the closure of at least two Iowa crop processing plants, traders and farmers said on Friday. Farmers’ concerns grew that standing water in fields could damage unharvested […] Read more
India cuts import taxes on wheat, palm oil, refined oils
NEW DELHI, Sept 23 (Reuters) – India has cut import taxes on wheat, crude palm oil and refined vegetable oils, a finance ministry order showed on Friday, as part of efforts to curb food inflation. The international wheat trade hopes India will cut the taxes further to stimulate more imports and draw down modestly the […] Read more
China slaps anti-dumping duties on U.S. distillers grains
CHICAGO/BEIJING, Sept 23 (Reuters) – China on Friday slapped anti-dumping duties on a U.S. animal feed ingredient known as distillers’ dried grains (DDGS) amid an intensifying spat between the world’s two largest economies over agricultural trade which totaled over $20 billion last year. Beijing’s preliminary decision calls for duties of 33.8 percent, effective immediately, the […] Read more
Ceres hopes to double annual grain handlings
Officials with Ceres Global Ag say the amount of grain the company handles annually will likely double in 2016-17, thanks largely to the completion of the company’s new terminal at Northgate, Sask. Year-end financial data released by the company Sept. 22 listed total grain handlings for the 2015-16 fiscal year at 55.8 million bushels. Due […] Read more
EU bids to seal Canada trade pact as U.S. deal prospects fade
BRATISLAVA, Sept 23 (Reuters) – EU ministers took steps on Friday to approve a contentious free trade deal with Canada, while France and Austria demanded that talks towards a similar agreement with the United States should stop. Both deals have triggered demonstrations by unions and protest groups who say they will spark a ‘race to […] Read more
LIVESTOCK: Cattle decline 1 percent on profit-taking after multi-week high
CHICAGO, Sept 22 (Reuters) – Chicago Mercantile Exchange live cattle futures fell 1 percent on Thursday, pressured by technical selling and as investors took profits following Wednesday’s nearly four-week high, traders and analysts said. Feeder cattle futures also were mostly lower while lean hog futures were mixed, with the front-month contract hitting the lowest levels […] Read more
