Markets
WINNIPEG, Manitoba, Sept 7 (Reuters) – ICE Canada canola futures mostly dipped on Wednesday after Statistics Canada reported bigger than expected ending stocks. * Canadian canola stocks as of July 31, 2016 were an estimated 2 million tonnes, topping the average trade guess of 1.27 million tonnes. * Canola was underpinned by higher U.S. soy […] Read more
Markets
ICE Canada canola falls after StatsCan stocks surprise
Live cattle losses deepen on supply woes, weak beef prices
CHICAGO, Sept 6 (Reuters) – U.S. live cattle futures fell declined more than 2 percent on Tuesday, nearing their lowest levels in six years on pressure from big supplies of cattle and beef and lower wholesale meat prices, traders said. Cattle broke below the psychological threshold of 100 cents per lb for the first time […] Read more
ICE Canada canola drops, ends 3-day winning streak
WINNIPEG, Manitoba, Sept 6 (Reuters) – ICE Canada canola futures fell on Tuesday, to end a three-day winning streak, pressured by a stronger Canadian dollar and commercial hedges. * Canadian canola stocks, as of July 31, are estimated at their lowest in three years, according to a Reuters trade survey. Statistics Canada will report on […] Read more
China faces chicken shortage as ban on U.S. breeder bird imports bites
BEIJING, Sept 5 (Reuters) – China’s near two-year ban on U.S. imports of chickens used for breeding is threatening supplies of chicken meat in the world’s second-largest poultry market, leading to the first shortfall in at least a decade and potentially pushing up prices. China relies on imported breeding stock for production of white-feathered broiler […] Read more
Canada open to tweaking rules to spur China investment
TORONTO, Sept 4 (Reuters) – Canada’s Liberal government is open to the idea of fostering better trade ties with China by easing foreign investment restrictions, a senior legislator said on a national political talk show on Sunday. “It’s something we would consider amongst a number of different things,” David Lametti, parliamentary secretary to International Trade […] Read more
China gives farmers subsidies to plant soybeans instead of corn
BEIJING, Sept 5 (Reuters) – China’s top grain province is offering farmers subsidies of 150 yuan ($22.46) per mu (0.067 hectares) to rotate corn with soybeans, as it seeks to cut corn output amid huge oversupply. The move, part of a major overhaul of Beijing’s grain policy, is expected to significantly boost planting of soybeans […] Read more
Canadian wheat stocks seen smallest ever, canola pile shrinks
WINNIPEG, Manitoba, Sept 6 (Reuters) – Canada’s wheat stockpile shrank to its smallest mid-summer level on record and canola supplies also fell sharply year over year, a Reuters trade survey estimated ahead of a government crop report. Bumper crops are expected to replenish supplies this autumn, however, in the world’s No. 6 wheat producer and […] Read more
Live cattle tumble to 5-year lows on beef declines
CHICAGO, Sept 2 (Reuters) – U.S. live cattle futures fell to five-year lows on Friday, capping their worst weekly performance so far of 2016 in a technical selloff linked to bigger cattle supplies and lower wholesale beef prices, traders said. Lean hogs also tumbled, declining by as much as 4.8 percent at the Chicago Mercantile […] Read more
ICE Canada canola rises on short-covering, soyoil strength
WINNIPEG, Manitoba, Sept 2 (Reuters) – ICE Canada canola futures rose on Friday due to short-covering ahead of a three-day holiday weekend, and notched a weekly gain. * Strength in U.S. soyoil markets added to canola’s strength. * Prospects for a large Canadian crop have kept a lid on prices, but in Alberta, the government […] Read more
Ag Canada raises 2016/17 grain/oilseed carryout forecast
Winnipeg, Sept. 1 (CNS Canada) – Canadian grain and oilseed ending stocks for 2016/17 are forecast to be larger than earlier expectations, according to the latest monthly supply/demand estimates from Agriculture and Agri-Food Canada’s market analysis division, released September 1. The new estimates account for the updated Statistics Canada production estimates released August 23. Total […] Read more
