Markets
Canola had a less-bad day than its sister North American vegoil commodities, which was about the best thing that could be said about Monday’s futures market. On Friday canola was the weak sister as soybeans rose, but Monday it was the tough one, handling a lot of downward pressure across markets without taking big losses. […] Read more
Markets
Canola and other crop futures fall on harvest pressure, worries about China demand
Live cattle mostly firm, hog mixed after choppy trade
CHICAGO, Sept 28 (Reuters) – Chicago Mercantile Exchange live cattle futures finished mostly firm on Monday after a volatile session stirred by bear spreading as investors sold the October contract and bought deferred months, traders said. They added that negative market fundamentals and anticipation of possible deliveries next Monday, Oct. 5, contributed to active bear […] Read more
Canadian Farm Groups Watching Trans Pacific Meetings This Week
Winnipeg, September 28 – Trans Pacific Partnership discussions are once again underway, spurring farming groups into action to rally up support for their causes. Negotiators from the 12 Pacific Rim countries began discussions on September 26 in Atlanta, and Canadian trade minister Ed Fast is expected to join the meeting on Wednesday. The Canola Council […] Read more
Farmer group disputes reports that Canada set to welcome more U.S. dairy products
Saskatoon newsroom A Dairy Farmers of Canada official has cast doubt on reports that Canada has offered more access to American dairy products at the Trans-Pacific Partnership trade talks. Isabelle Bouchard, director of communications, said the rumours that Canada could grant 10 percent access to U.S. dairy products without equal access for Canadian products into […] Read more
U.S. hosts meeting next week in bid to wrap up Pacific trade pact
WASHINGTON, D.C. (Reuters) — The United States has called ministers from the 12 nations negotiating a Pacific trade deal for a meeting Sept. 30 to Oct. 1 in a bid to finish the pact, a key part of the U.S. administration’s engagement with Asia. The Trans-Pacific Partnership seeks to cut trade barriers and set common […] Read more
Crop prices make positive moves
Crop prices trotted into the weekend with a nice green tone, with slight increases across the board during Friday trading. It was a week of crop price strength that allowed one analyst to speculate that crops were going past some of the traditional harvest lows. “It’s not shoot-out-of-a-cannon going crazy, but maybe it signals that […] Read more
LIVESTOCK-Bargain hunters send CME live cattle, feeder cattle limit up
CHICAGO, Sept 25 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday closed up their 3.0-cents per lb daily price limit, ignited by active short-covering and bargain hunting after contracts recently tumbled to two-year lows, traders said. Spot-October and December finished at 133.700 and 137.000 cents per lb, respectively. Live cattle’s trading limit will […] Read more
Soybean oil glut sends prices down
Slumping vegetable oil prices have been bad news for canola, says an analyst. Soybean oil futures prices have been on a steady downward slide since 2011, falling to US25 cents per pound from 60 cents. Large crops in the United States and South America, rising oil content in those crops and strong demand for soybean […] Read more
Statistics Canada, USDA must improve accuracy
A growing crop is a moving target that is hard to accurately measure. We reported last week that Statistics Canada’s July crop estimate, which is released in August, has under-reported the size of the canola crop compared to the final assessment in eight of the past nine years. Analyst Larry Weber had noted this discrepancy. […] Read more
VIDEO: Canada’s agricultural markets update – Sept. 24, 2015
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts three markets videos, oilseeds, cereals, and livestock. The videos are designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered. […] Read more
