MarketsNew locks at the century old canal connect the present to the future by allowing ships triple the size, says official
The completion of an ambitious $5.4 billion expansion project at the Panama Canal is being hailed by shipping experts and Panamian authorities as a game-changing accomplishment that marks the beginning of a new era in global shipping. In a ceremony attended by heads of state and shipping executives from around the world, the expanded canal […] Read more
Markets
Competition squeezes out U.S. corn
CHICAGO (Reuters)— Mexico’s steady buying has helped U.S. corn export sales outpace last year, offsetting sluggish early-season purchases by traditional Asian customers like South Korea and Japan. Now, Mexico is primed to overtake Japan as the single largest U.S. corn importer, knocking Tokyo from the perch it has occupied since the mid-1980s and taking the […] Read more
Rally prospects fade in wake of good weather, expanded acres
Hopes for another weather rally in crop prices this summer declined as American farmers have seeded more corn and wheat than was expected. These bigger acreages provide insurance that supply will be adequate even if it gets hot and dry in the U.S. Midwest this summer. Because of its massive productive capacity, Midwest crop conditions […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Fed market stabilizes The fed cattle market found some footing last week following an $18 per hundredweight […] Read more
WP livestock report
Hogs futures fall U.S. retailers had their needs met for the July long weekend, and packers slowed their buying in anticipation of being closed for July 4. The Chicago hog futures contract fell 4.1 percent over the week, the most since April. The quarterly hog report showed that the U.S. herd was larger than expected. […] Read more
VIDEO: Canada’s agricultural markets update – July 6, 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. Crops:
Supply worries sink CME lean hog futures to 1-month low
CHICAGO, July 6 (Reuters) – Chicago Mercantile Exchange lean hogs on Wednesday slid to a one-month low, pressured by concerns over possibly more supplies ahead, traders said. July ended down 0.475 cent per lb to 81.575 cents. Most actively traded August finished 2.625 cents lower at 80.625 cents. The government’s quarterly hog report in late […] Read more
CME live cattle up 4th straight day on cash, beef prices
CHICAGO, June 30 (Reuters) – Chicago Mercantile Exchange live cattle futures extended a winning streak to four sessions on Thursday with help from better-than-expected cash prices and firm wholesale beef values, traders said. June live cattle, which expired at noon CDT (1700 GMT), closed 1.100 cents per lb higher at 120.000 cents. Most actively traded […] Read more
Market wrap: Canola futures ride soybeans higher following surprising USDA report
The USDA acreage report dominated crop markets Thursday with soybean rising after the worst fears of a huge soy acreage increase were not realized. But American farmers seeded many more corn acres than expected and that drove corn futures lower. Spring wheat and durum acres topped expectations but all three U.S. wheat markets closed the […] Read more
Panama Canal expansion promises to change global shipping
The completion of an ambitious $5.4 billion expansion project at the Panama Canal is being hailed by shipping experts and Panamian authorities as a game-changing accomplishment that marks the beginning of a new era in global shipping. In a ceremony attended by heads of state and shipping executives from around the world, the expanded canal […] Read more
