Markets
C anadians might be concentrating on the oil sands and pipelines as world leaders prepare to gather at the United Nations’ climate change conference in Paris next month. However, more global attention might be directed to deforestation and particularly the role of palm oil production in greenhouse gas production. Palm oil and soybean oil are […] Read more
Markets
Fires from palm production a major climate change issue
Alibaba gateway to Chinese consumers
OTTAWA — With 2.2 million employees, 260 million customers a week and annual sales of $482 billion, Walmart is the undisputed king of global retail. Until now. Alibaba, the Chinese e-commerce firm, is challenging Walmart’s supremacy, and Alibaba Group president Michael Evans said that represents a significant opportunity for Canada’s food industry. “Today about 12 […] 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 cattle lower The Chicago cattle futures market took another turn toward volatility last week with sharp […] Read more
WP livestock report
Hogs crash U.S. cash hog prices fell sharply lower on ample market-ready supply. Pork prices also declined. Retailers are aggressively featuring lower price turkey in the run-up to American Thanksgiving. Iowa-southern Minnesota hogs delivered were US42.50-$43 per hundredweight Nov. 6, down from $50-$50.50 Oct. 30. U.S. hogs averaged $53.48 on a carcass basis, down from […] Read more
Bearish USDA pushes canola/corn down two percent
US Ending stocks/bu. USDA latest Trade F’cast USDA Oct Corn 1.760 bln bu 1.597 1.561 Soybeans 0.465 0.436 0.425 Wheat 0.911 0.877 0.861 World ending stocks/tonnes USDA latest Trade F’cast USDA Oct Corn 211.9 mln t 188.4 187.83 Soybeans 82.86 85.32 85.14 Wheat 227.3 227.8 228.49 Canola and corn futures fell more than […] Read more
Technical trading, holiday fears sour CME hog, cattle futures
CHICAGO, Nov 9 (Reuters) – The Chicago Mercantile Exchange saw all of its live cattle and all but two feeder cattle futures contracts fall by the daily trading limit on Monday, pressured by technical selling and weakening wholesale beef prices, traders and industry analysts said. Meanwhile, CME lean hog contracts continued their slump on Monday, […] Read more
Canola hangs tough during Monday selloff
Canola and oilseeds showed some toughness in the face of a big selloff in wheat Monday, marking only a slight price decline while Chicago wheat fell 21 cents, or about four percent. “The oilseeds were quiet,” said P.I. Financial broker Ken Ball after trading closed. “It didn’t seem to influence the oilseeds markets much.” The […] Read more
Urea price at rock bottom, says analyst
Urea prices have dropped as low as they are going to go, according to a fertilizer analyst. “In our opinion, we’re at the bottom of the market,” said Glen Buckley, co-owner of NPK Fertilizer Advisory Service. The price at the Gulf of Mexico late last week was US$252 per short ton. “They have really tanked,” […] Read more
Weather threats force funds to cover shorts
Wheat futures saw a good rally last week with the Chicago December contract gaining 6.4 percent. The rise in Kansas hard red winter and Minneapolis hard red spring were less aggressive with Kansas up 3.8 percent and Minneapolis up 2.8 percent. The variation in the gains gave Chicago soft wheat a rare premium over Kansas […] Read more
Drought threatens Ukrainian 2016 wheat harvest: forecaster
KIEV, Ukraine (Reuters) — Severe drought across half of Ukraine has hit winter seeding and could sharply reduce the country’s 2016 wheat harvest, a senior state weather forecaster said Nov. 2. The drought, in which the central Dnipropetrovsk region suffered its driest autumn in 50 years, could lead to a 20 percent year-on-year fall in […] Read more
