Markets
This weekend’s presidential election in Argentina will have lasting implications for grain markets, says an analyst. Both candidates say they will eliminate production-limiting export taxes on soybeans, corn and wheat. “The real bearish situation for me is that this adds to the oversupply situation in the long run,” said Pedro Dejneka, president of AGR Brasil, […] Read more
Markets
Argentine election has crop market twist
Analyst sees factors that could eventually lift markets
More short-term pain likely, but rising global ethanol production and weather problems in China and Indonesia could spark turnaround
Grain prices will continue to spiral downward for a few months, but a shift in market psychology could follow, says an analyst. “I think there’s a major bottom (coming),” said David Hightower, founder of the Hightower Report. However, there will be further carnage before the bottom arrives. “We haven’t absorbed the (U.S.) crop that is […] Read moreCanada, U.S. wheat prices near equal
Price disparity with United States ends as Canada’s railways catch up with demand, but sales are slow in both countries
Canadian wheat and durum prices have arbitraged with those across in the United States. Elevators in Saskatchewan and Alberta are buying spring wheat and durum for only slightly less than competitors in North Dakota and Montana. “I’m not hearing anybody going across the line, and why would they?” said grain industry analyst Larry Weber, who […] Read more
VIDEO: Canada’s agricultural markets update – November 18, 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: Ample […] Read more
CME live cattle futures extend gains; hogs close mixed
CHICAGO, Nov 18 (Reuters) – Chicago Mercantile Exchange live cattle futures closed higher for a second day in a row on Wednesday, helped by more short-covering as expectations improved regarding cash prices later this week, traders said. Spot December finished at 130.975 cents per lb, up 2.950 cents, and February 2.550 cents higher at 133.125 […] Read more
Liberals review TPP compensation agreement for dairy, poultry
MANILA, Phillipines (Reuters) — The federal Liberal government is reviewing a $4.3 billion package designed to compensate farmers for losses they might incur under a new Pacific trade deal, trade minister Chrystia Freeland told reporters today. Freeland’s remarks add to the uncertainty over whether the Liberals will ratify Canada’s participation in the 12-nation Trans-Pacific Partnership agreement, […] Read more
LIVESTOCK – CME live cattle futures finish strong after wild ride
CHICAGO, Nov 17 (Reuters) – Chicago Mercantile Exchange live cattle contracts closed higher on Tuesday amid massive short-covering spurred by higher wholesale beef values that overcame selling led by lower cash price expectations for later this week, traders said. Spot December finished at 128.025 cents per lb, up 0.350 cent, and February 0.925 cent higher […] Read more
Canola futures dip on currency, technical factors
Crop futures, including canola, moved only a little on Tuesday, mostly on technical factors and currency shifts. Canola dipped slightly even though soybeans edged higher on bargain buying and a slower than normal pace of seeding in Brazil. The biggest mover today was Chicago wheat, which fell more than one percent following the weekly crop […] Read more
Canola makes little movement
Staying flat at the bottom is better than falling, soybean growers probably think. And a slight gain in canola is better than the opposite, growers are likely to feel. That was what farmers were left looking at after the close of trading Monday, with soybean futures skidding along at what might be the end of […] Read more
VIDEO: Canada’s agricultural markets update – November 12, 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
