Markets
Pakistan has re-emerged as a major buyer of Canadian canola in 2015-16. It has purchased 682,800 tonnes through the first nine months of the current crop year. China, Japan and Mexico are consistently the top three buyers of canola seed in that order, but this year Pakistan is rivalling Mexico. It has bought nine percent […] Read more
Markets
Pakistan surprises with big canola order
VIDEO: Canada’s agricultural markets update – June 29, 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:
Cash price optimism lifts CME live cattle 3rd straight day
CHICAGO, June 29 (Reuters) – Chicago Mercantile Exchange live cattle futures rose for a third day in a row on Wednesday, with help from expectations of steady or better cash prices by week’s end, traders said. June live cattle, which expires on Thursday, closed 1.825 cents per lb higher at 118.900 cents. Most actively traded […] Read more
StatsCan seeding report shows record lentil acreage
WINNIPEG/OTTAWA, June 29 (Reuters) – Canadian farmers planted less spring wheat and about the same area of canola as last year, dedicating the most land ever to lentils, Statistics Canada said in a report on Wednesday that was in line with trade expectations. Statscan pegged all-wheat plantings, which also include the durum and winter varieties, […] Read more
Canadian farmers cut wheat plantings, sow record lentil area
WINNIPEG/OTTAWA, June 29 (Reuters) – Canadian farmers planted less spring wheat and about the same area of canola as last year, dedicating the most land ever to lentils, Statistics Canada said in a report on Wednesday that was in line with trade expectations. Statscan pegged all-wheat plantings, which also include the durum and winter varieties, […] Read more
Brexit gives final kick to terrible week on crop markets: canola falls again
The market uncertainty and currency fluctuations caused by the Brexit vote added to the negativity that has hung over crop markets all week. Canola futures fell again on Friday, along with other crop markets that have swooned as the weather in North America is mostly favourable for crop development. A 52 percent majority of Britons […] Read more
Big U.S. cattle placements in May point to more meat in Q3
CHICAGO, June 24 (Reuters) – Cattle placed in U.S. feedlots for fattening surged by 10 percent in May, the U.S. Department of Agriculture said on Friday in data that suggested beef supplies will be ample and prices potentially lower in the third quarter of 2016. However, analysts polled by Reuters predicted the spike in placements. […] Read more
Cattle tumble, hogs decline on liquidation after Brexit
CHICAGO, June 24 (Reuters) – U.S. live cattle tumbled more than 2 percent on Friday, extending the week’s losses to the largest in about two months, as investors liquidated holdings following Britain’s referendum vote to exit the European Union, traders and analysts said. Feeder cattle futures also fell sharply while lean hogs notched smaller declines […] Read more
Brexit casts cloud over Canada-EU trade deal
In the short term, the Brexit means Canada-U.K. and Canada-EU trade could be disrupted by currency volatility. In the long run, it’s hard to say what will happen, but free trade with Europe now seems much less likely than it did two days ago. Those are some of the quick conclusions of Sylvain Charlebois, the […] Read more
Cattle jump in technical rebound as corn extends losses
CHICAGO, June 23 (Reuters) – U.S. live cattle rose sharply on Thursday, extending gains to the third session in a row on technical buying and as falling corn prices reduced feed costs for fattening animals, traders and analysts said. Feeder cattle climbed to a 1-1/2 week high as corn slid to a six-week low while […] Read more
