Markets
CHICAGO, Jan 6 (Reuters) – Chicago Mercantile Exchange live cattle contracts posted modest losses on Wednesday amid investor jitters over fallen U.S. stock futures and uncertainty about cash price direction, traders said. Funds heavily invested in equities typically have a wide range of commodities in their portfolios, including CME livestock. February live cattle closed 0.250 […] Read more
Markets
Slumping stock market pressures CME live cattle futures
Canola futures edge higher on commercial buying, loonie, stronger soy
Canola futures halted their three day skid, rising on commercial buying and a weak Canadian dollar. Stock markets calmed down after Monday’s steep slide caused by jitters over China’s weakening economy. Support for canola also came from stronger soybeans, which saw a short-covering bounce. But gains were kept in check by improving soil moisture in […] Read more
Canola oil fares better than soy oil in market crash
Weakness in China knocked some stuffing out of world markets Monday as investors bet against Chinese import demand expanding any time soon. Soybean oil was a victim of the slump in Chinese stocks and world stock markets, falling about two percent in Chicago in the Monday session. Canola, a crop that relies mostly upon its […] Read more
Readers tell us their wild weather stories
The mightiest hailstorm Bill Greenhough of Genesee, Alta., was only six years old, but he can still remember the hailstorm of 1935 that destroyed grain in the field and ripped the roof to shreds. “What I remember most was the storm. They pretty well had to feed the cattle the next day,” Greenhough said. “The […] Read more
Pillows a tool of the trade to measure snow pack in Alta.
Mountain snow pack is usually talked about in the spring when weather forecasters worry about the possibility of flooding. Snow pack is the snow that falls and doesn’t melt until spring, and it’s not just in the mountains. It’s anywhere it snows, said Lisa Glover, a spokesperson for Alberta’s environment department. Mountain snow pack is […] Read more
Snow goes by many different names
Skiers, at least those who ski frequently, have many unique terms to describe snow, such as: champagne (ultralight, fresh snow) boilerplate (dense snow that resembles ice) corn (loose kernels of snow) death cookies (ice chips frozen to snow surface) Like skiers, Canada’s Inuit also have dozens of words for snow. Many southern Canadians have heard […] Read more
Profit-taking undercuts CME live cattle futures
CHICAGO, Dec 29 (Reuters) – Chicago Mercantile Exchange live cattle futures sagged for a second straight session on Tuesday, after participants took profits in the year’s final week of trading, traders said. Spot December and February each closed 0.650 cent per lb lower, at 130.200 and 135.500 cents respectively. Traders adjusted positions while awaiting the […] Read more
GRAINS-Wheat hovers near 3-week low as Argentina exports weigh
PARIS/SINGAPORE, Dec 24 (Reuters) – Chicago wheat futures held close to a three-week low on Thursday, staying on track for a biggest weekly fall in six, as resurgent Argentine exports reinforced a gloomy outlook for U.S. wheat overseas. Soybeans and were corn almost flat in subdued trade ahead of the Christmas holiday, with corn trading […] Read more
VIDEO: Canada’s agricultural markets update – Dec. 23, 2015
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: […] Read more
Vegetable oil rally sees canola price surpass soybeans
Soybean prices headed up on speculation that changes to a U.S. biodiesel blenders policy would spark domestic demand
Canola on the world market is trading on par with soybeans after more than a year of being at a significant discount. The canola value calculation takes the cash vegetable oil price in China, backs it off for freight to Canada and then applies the Canada-U.S. dollar exchange rate. Canola prices tend to follow soybean […] Read more
