Markets
CHICAGO, Dec 14 (Reuters) – Chicago Mercantile Exchange live cattle futures suffered sizable losses on Monday, with slumping wholesale beef values increasing the possibly of further cash price weakness ahead, traders said. Spot December ended down 1.925 cents per lb to 119.525 cents, and February 1.850 cents lower at 124.400. The Monday morning wholesale choice […] Read more
Markets
CME live cattle futures retreat with beef quotes
Canola increases despite falling soy oil
Crop futures almost all gained Monday, with the notable exception of soybean oil. But canola gained regardless of the soy oil losses, rising $1.10 per tonne for January to $477.50, and $1.50 for March to $487.30. The grains were the strongest part of the overall commodities complex, with energies and meats down. Stock markets were […] Read more
Can market devour record canola supply?
Some experts argue there’s nothing to worry about after Statistics Canada released a canola production estimate of 17.2 million tonnes. They say booming domestic crusher and export demand will eat up the excess production so that the 2015-16 carryout will be manageable. However, Errol Anderson isn’t buying that theory. “I’m not as bullish on the […] Read more
Canada’s railways do good job: grain monitor
Prairie farmers were frustrated with Canada’s railway companies in the winter of 2013-14. Producers accused the railways of failing to move grain from inland terminals to port, which clogged elevators across Western Canada and slashed cash prices. The railways’ performance may have been inadequate, but it doesn’t represent the state of the grain handling system […] Read more
Flax may lose lustre as export demand slows, supply grows
Strong flax markets over the past few years have made the crop one of the most profitable for prairie farmers. However a major North American flax buyer is bearish on the crop because of this year’s large global crop and possible slower demand from China. John O’Donnell of Archer Daniels Midland Co. told the Agritrend […] Read more
Canola price predicted to rise slightly but flax prices will struggle
Growers should hold off marketing their remaining canola until February or March, when prices could be on the rise, says an analyst. Marlene Boersch, a partner in Mercantile Consulting Venture, said Canadian exports will likely be stronger than Agriculture Canada expected in its November forecast because of favourable pricing in international markets compared to soybeans. […] Read more
Canfax report
Fed cattle down The cattle complex remains in limbo with uncertain demand and ample supply. A few cash cattle traded with the steer weighted average at $158.57 per hundredweight, down $1.33, and heifers at $157.17. Dressed sales were $260-$266.50 per cwt. delivered, with varied packer interest and negotiated delivery dates. Fed cattle and most of […] Read more
WP livestock report
Hogs edge higher Hog prices edged higher supported by a strong slaughter pace in the United States. Iowa-southern Minnesota hogs delivered were US$40.50 per hundredweight Dec. 4, up from $39-$39.50 Nov 27. U.S. hogs averaged $51.92 on a carcass basis Dec. 4, down from $50.72 Nov. 25. The U.S. pork cutout was $73.73 per cwt. […] Read more
VIDEO: Canada’s agricultural markets update – December 9, 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: The […] Read more
World oil glut to continue weighing down all commodities
Saudi Arabia has thrown down the gauntlet, challenging world oil producers to see who can suffer the most pain. On Dec. 4, the Saudis, who dominate the Organization of Petroleum Exporting Countries, said the organization wouldn’t back down. Members will continue to pump surplus oil, driving down prices to the lowest level since early 2009 […] Read more
