Markets
WASHINGTON, March 14 (Reuters) – Peru has agreed to lift its remaining safety barriers to U.S. beef exports, further opening one of the fastest -markets in Latin America to U.S. ranchers, Obama administration officials said on Monday. U.S. Trade Representative Michael Froman and Agriculture Secretary Tom Vilsack said the agreement with Lima will remove certification […] Read more
Markets
Peru lifts trade barriers to U.S. beef
LIVESTOCK-CME live cattle futures close mostly firm; hogs lower
(Prices reflect settlements at 1:03 p.m. CST) CHICAGO, March 14 (Reuters) – Most Chicago Mercantile Exchange live cattle contracts gained modestly on Monday, after investors sold April and simultaneously bought deferred months in a strategy known as bear spreading, traders said. April ended 0.500 cents per lb lower at 139.300. June closed up 0.275 cent […] Read more
Hail threatens Indian farmers with fourth straight crop loss
NEW DELHI, March 14 (Reuters) – Hail and rain have damaged ripening wheat, chickpea and rapeseed in India’s key farm belts, potentially cutting output and exposing millions of farmers to a fourth crop loss in a row. Torrential rains at the weekend lashed Punjab, Haryana and parts of Uttar Pradesh and Madhya Pradesh, states which […] Read more
Canola futures gain $11.10 per tonne on week
Canola traders took some profits after Thursday’s strong gains and the oilseed closed a little down on Friday but for the week, the May contract gained $11.10 per tonne. May closed at $463.40 per tonne, down $1.90 on the day. The loonie rose almost 9/10th of a cent and that also weighed on canola on […] Read more
U.S. wheat acreage to hit 45 year low: USDA
Wheat plantings in the United States are expected to fall to their lowest levels since 1970, according to the U.S. Department of Agriculture. At its annual Agricultural Outlook Forum held in Arlington, Virginia, the USDA estimated total U.S. wheat acreage at 51 million acres, down six percent, or 3.6 million acres, from 2015-16. A report […] Read more
Pea, lentil acreage could hit 10 million, says AGT
Western Canada’s farmers are likely to produce their largest pea and lentil crops in history this year, according to the president of AGT Food & Ingredients. In a recent presentation to grain industry experts in Saskatoon, Murad Al-Katib predicted that plantings of dry peas and lentils in Saskatchewan, Alberta and Manitoba will exceed 10 million […] Read more
Canola thought to be hitting bottom
Analysts think the crop has a better outlook than others because of a bullish world vegetable oil situation
SAN DIEGO, Calif. — Bumping along at the bottom isn’t fun, but current low commodity prices should be the end of the bad times, two economists told the Canola Council of Canada’s annual convention. If commodity prices have hit bottom, it suggests the longer-term direction is upward, and the canola outlook is particularly bullish. “We are […] Read more
Alberta to get two grain elevators
Two new inland terminals have been announced for central Alberta, both on Highway 2 south of Red Deer. Winnipeg-based Paterson Grain says it will build a high throughput elevator with 55,000 tonnes of storage and a loop track rail system on Highway 2 near Bowden, Alta., about 15 kilometres south of Innisfail. GrainsConnect Canada, which […] Read more
Early spring livens up wheat market
A bullish reversal has occurred this week in wheat futures because concern about warm, dry weather in the southern U.S. Plains could pose a threat to the hard red winter wheat crop there. This does not mean sunshine and lollipops for the wheat market, but maybe the floor has been reached and better times are […] Read more
Cattle, hog herds make slow moves toward expansion
Canada’s beef herd has grown by .3 percent, but it remains 20 percent lower than the highs recorded in 2005
Canada’s livestock population is holding steady with just a hint of expansion in the cattle and hog herds. The Statistics Canada livestock census for Jan. 1 reported that the beef herd has grown by .3 percent, the first increase since 2013. Total inventory of beef cattle remains almost 20 percent lower than the highs recorded […] Read more
