Markets
NEW YORK, Oct 7 (Reuters) – The landmark Pacific Rim trade deal will boost Canada’s access to the U.S. sugar market by 19,200 tonnes, a trade group said on Wednesday, making it the second nation to gain greater access to the coveted U.S. sugar market through the pact agreed this week. That includes 9,600 tonnes […] Read more
Markets
Pacific Rim pact to boost Canada’s access to U.S. sugar market
Pulse on pulses: AGT growing, Australia dry, Indian demand rises
WINNIPEG — Following are a few highlights in the Canadian and world pulse markets from yesterday. • Saskatchewan-based AGT Food and Ingredients (formerly Alliance Grain Traders) had its target stock price (TSE:AGT) raised to C$37 from C$35 in a research report from National Financial on Oct. 6. The firm is also expecting the pulse and […] Read more
Livestock: Bounce in beef price pushes CME live cattle futures up 3-cent limit
CHICAGO, Oct 6 (Reuters) – Chicago Mercantile Exchange live cattle finished up their 3.0-cents per lb daily price limit on Tuesday, driven by short-covering and bargain hunting following the spike in wholesale beef prices, traders said. Spot October and December finished at 125.125 and 133.225 cents, respectively. Live cattle’s trading limit will be expanded to […] Read more
Sagging beef prices drag on CME live cattle futures
CHICAGO, Oct 5 (Reuters) – Chicago Mercantile Exchange live cattle resumed their recent downtrend on Monday after the seasonal drop in wholesale beef values trimmed last Friday’s futures gains, traders said. Spot-October settled down 0.950 cent to 122.125 cents per lb, and December 1.150 cents lower at 130.225 cents. Monday morning’s wholesale choice beef price, […] Read more
Cattle prices hammered lower – here is why
It was a horrible week for Chicago live cattle futures with the nearby contract falling US10.625 cents per pound or almost eight percent. The Canfax Canadian cash steer weighted average fell almost C$9 to $160.73 per hundredweight from last week. Alberta fed cattle prices are now below year ago levels for the first time since […] Read more
Cattle prices hammered lower this week – here is why
It was a horrible week for Chicago live cattle futures with the nearby contract falling US10.625 cents per pound or almost eight percent. The Canfax Canadian cash steer weighted average fell almost C$9 to $160.73 per hundredweight from last week. Alberta fed cattle prices are now below year ago levels for the first time since […] Read more
Weekly canola crush hits best level in over two months
WINNIPEG — Canada’s domestic canola processors are getting busier, with the latest crush data showing the most active week in two-and-a-half months. Capacity utilization during the week ended Sept. 30 climbed to 82.8 percent, which compares with only 66.9 percent the previous week, according to the latest report from the Canadian Oilseed Processors Association. A […] Read more
CME live cattle futures snap four-day losing streak
CHICAGO, Oct 2 (Reuters) – Chicago Mercantile Exchange live cattle finished the week on a positive note, fueled by short-covering and bargain hunting that halted future’s four-day skid, traders said. Spot-October settled 1.675 cents higher at 123.075 cents per lb, and December 1.375 cents higher at 131.375 cents. CME live cattle’s Relative Strength Index (RSI) […] Read more
It can happen if you just believe
Barley growers appear to believe two things: Western Canada is harvesting a small feed crop this year. Prices have to go up. Their belief in a small crop might cause prices to rise, says one Alberta feedgrains broker, even though reality might be different. “It almost matters as much (as supply and demand), what the […] Read more
Lentil crops poised to make top grade
Saskatchewan growers harvested a top-notch red and green lentil crop this year that will be easy to export
Growers harvested a highly marketable crop of red and green lentils this year, says a major processor. Analyst Stat Communications has a preliminary breakdown of grades with 12 percent of the crop making No. 1 and 59 percent No. 2 in Saskatchewan where most of the crop is grown. Moose Jaw based processor Simpson Seeds […] Read more
