Markets
China’s purchase of an additional 50,000 tonnes of green peas has brought down the large Canadian carryover
Sean Pratt reports from the Global Pulse Convention in Cesme, Turkey, about what is driving pulse markets CESME, Turkey — The trade is divided on whether it is bullish or bearish on peas despite forecasts for a sizable increase in world production. Stat Publishing forecasts 12.7 million tonnes of global production in 2016, up 2.3 […] Read more
Markets
Canola waits for news
Oilseed futures were settled today, with soybeans and canola moving sideways. Canola posted a modest loss on the ICE Futures platform in Winnipeg with July contracts dropping $1.50 to close at $522.50 per tonne. New crop canola also sank. The November contract ended $3 lower, finishing at $526.10 per tonne. Canola traded in a narrow […] Read more
VIDEO: Pinto, black bean supply may be tight
CESME, Turkey — Supply will be tight for two of the main classes of dry beans grown in Canada, according to an expert. “I think there is great potential for the pinto bean market to get tight,” said Randy Duckworth, director of worldwide activities for the U.S. Dry Bean Council. He forecasts total supply from […] Read more
Food loss measured to reduce waste, malnourishment
BARCELONA, Spain (Thomson Reuters Foundation) — A new global standard for measuring food loss and waste will help countries and companies step up efforts to store, transport and consume food more efficiently, its backers said June 6. One-third of all food, by weight, is spoiled or thrown away worldwide as it moves from where it […] Read more
New weather problems give crop markets added boost
Grain futures prices appear to have resumed their rise, supported by weather issues around the world and currency fluctuations. Last week, I wrote that the rally might run out of steam this month if North American weather remains favourable, the United States winter wheat harvest starts and forecasts show U.S. farmers made a big last […] 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 steady The Canfax fed steer weighted average was $160.84 per hundredweight, up 75 cents, and […] Read more
WP livestock report
Hogs rise Rising pork prices, good export demand from China and ideas that a hot summer in the U.S. Midwest could slow weight gain all supported hog prices last week. The U.S. national live price average for barrows and gilts was $57.20 per cwt. June 3, up from $56.90 May 27. U.S. hogs averaged $75.09 on […] Read more
Fund buying, beef demand rallies CME live cattle futures
CHICAGO, June 8 (Reuters) – Chicago Mercantile Exchange live cattle futures posted sharp gains on Wednesday, bolstered by technical buying and much-improved wholesale beef demand, traders said. June live cattle closed up 1.800 cents per lb to 123.025 cents, after topping the 100-day moving average of 122.67 cents. August ended 2.725 cents per lb higher […] Read more
Canola posting sustained gains
Canola futures continued their march upward today, with prices nearing highs not seen since last summer. The July canola contract in Winnipeg closed the day at $524 per tonne, up $6.00 per tonne. New crop canola also had a positive day. The November futures contract gained $5.10 per tonne to finish at $529.10. Canola futures […] Read more
GRAINS – U.S. soybeans, corn, wheat futures rise with temperatures
CHICAGO, June 8 (Reuters) – Chicago Board of Trade soybean futures jumped 3 percent to their highest in nearly two years on Wednesday as forecasts for hot temperatures to hit key growing U.S. regions stoked fears of damage to nascent crops, traders said. Corn and wheat futures also rallied, putting them on track to extend […] Read more
