Markets
SYDNEY, June 21 (Reuters) – Australia’s official agricultural forecaster on Tuesday said weak global wheat prices were driving farmers to plant other crops, capping the national output next year at 25.4 million tonnes, as much as 5 percent below some private forecasts. Despite heavy rains creating favourable growing conditions, Trish Gleeson, director of agricultural commodities […] Read more
Markets
Australia holds its wheat forecast below private estimates
Live cattle futures fall to 4-year low on beef price losses
CHICAGO, June 20 (Reuters) – U.S. live cattle futures tumbled to the lowest levels in more than four years on Monday as weak cash cattle prices and declining beef values underscored worries of flagging demand, traders and analysts said. Feeder cattle extended losses to a fresh three-year low while lean hogs trimmed declines to finish […] Read more
Canola futures fall two percent as market sags on good weather
The see-saw crop markets sawed down Monday, giving up substantial ground in all the main futures contracts. Corn futures fell almost four percent and canola was down about two percent. But some traders saw little behind the Monday action. “Nothing really has changed here,” said Ken Ball of P.I. Financial in Winnipeg. “The weather got […] Read more
“Veil of uncertainty” shrouds Port of Churchill grain season
Winnipeg, June 16 (CNS Canada) – The Port of Churchill is facing an uncertain grain shipping season, as ownership of the Hudson Bay facility is still up in the air months after the current-owners, OmniTrax, announced plans to sell the port and railway that services it. Denver, Colorado-based OmniTrax announced in late 2015 that it […] Read more
Cattle ease on cash weakness as lean hogs gain
CHICAGO, June 16 (Reuters) – Chicago Mercantile Exchange live and feeder cattle futures were mostly lower on Thursday as investors continued to liquidate their holdings amid expectations for more lower prices in cash cattle markets, traders and analysts said. All feeder cattle contracts <0#FC:> fell to lifetime lows, knocking out what had been their previous […] Read more
Pulse demand outweighs production
India’s growing population has prompted the government to increase research into high yielding varieties
Sean Pratt reports from the Global Pulse Convention in Cesme, Turkey, about what is driving pulse markets CESME, Turkey — India’s pulse demand will continue to grow at a frenetic pace, according to newly released estimates from the Indian government. The trend increases the pressure on India’s government to expand domestic production but it also […] Read more
VIDEO: Hog outlook optimistic
DES MOINES, Iowa — Hog farmers should have good profits this year, weaker profits next year and a rebound in 2018, a leading U.S. market analyst told farmers at the World Pork Expo. However, in the complicated mathematics of hog production economics, a number of factors could substantially alter that profitability forecast. Steve Meyer of […] Read more
Camelina acreage growing, but not fast enough
Aquaculture industry snapping up stocks of camelina oil for fish food while producers struggle to keep up with demand
This year, Saskatchewan is expected to grow about 5,000 acres of camelina, but growers and the industry will need to boost production soon to satisfy escalating demand. Smart Earth Seeds, a camelina production and plant breeding firm based in Vancouver, has developed customers in the aquaculture industry who want to buy camelina oil for fish […] Read moreAnalysts discount U.S. drought fears from La Nina event
DES MOINES, Iowa — Analysts at the World Pork Expo gave grain farmers little reason to be bullish this year, discounting ideas that a La Nina will soon kick in, leading to a dry Midwest and higher crop prices. It could mean crop production will be bountiful in the U.S. Midwest. “If it hasn’t turned […] Read more
Soybeans enjoy longest price rally in decades
Worries about a potential drying trend in North American cropping areas and confirmation of reduced soybean and corn production in South America kept crop prices edging higher last week. Indeed, last week marked the ninth consecutive weekly increase for soybeans, the longest bull run for that crop in 43 years. The rally started from an […] Read more
