Markets
A combination of weather, currency and political factors should result in another huge South American crop of corn and soybeans, further depressing grain and oilseed prices, says an analyst. Pedro Dejneka, president of AGR Brasil, an affiliate of AgResource Company, is forecasting a record 173 million tonnes of South American soybean production and a sizeable […] Read more
Markets
Record South American soybeans could pressure oilseed prices lower
Downgraded durum sparks premium
The premium market for durum is re-appearing in Western Canada, aided by harvest rain that has downgraded many late crops. It doesn’t make up for the price slide of recent months, but making a few cents more per bushel is a positive development. “Your number ones and number twos are probably going to be more […] Read more
Model-based forecasting debuts
Statistics Canada has made its first foray into model-based crop production estimates. On Sept. 17, it released its first official production forecast using the new approach. The forecast contained significant revisions to the canola and wheat production estimates from the July survey of farmers. “We’re the first or one of the first countries using modeling […] Read more
New crop price listing service succeeds on simplicity
The Alberta Wheat Commission’s new PDQinfo.ca crop price listing service offers an extremely simple glimpse of elevator bids across the Prairies. But is it anything new? Is it useful? Is it worth the money that the public and farmers put into it? There are rational and intuitive ways of looking at that question and I […] 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 market lower Volumes in the western Canadian cash market were too light to establish a weighted […] Read more
WP livestock report
Hog prices stabilize Improved pork buying supported cash hog prices in the United States after a two week losing streak. Retailers are buying pork for October. However, hogs could start gaining weight faster as the weather cools this fall. Iowa-southern Minnesota hogs delivered were US$50.50-51 per hundredweight Sept. 18, steady from $51 Sept. 11. The […] Read more
U.S. hosts meeting next week in bid to wrap up Pacific trade pact
WASHINGTON, Sept 24 (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 (TPP) seeks to cut trade barriers and […] Read more
Canola futures and other crops dip on harvest pressure
Harvest pressure slightly depressed crop futures prices across the board on Tuesday. Also there was some profit taking after Monday’s short covering rally. Canola futures dipped along with soybeans and on good weather that is advancing harvest. There was frost in large parts of Saskatchewan Tuesday morning but warm temperatures are on the way later […] Read more
Short covering lifts canola and other crops
Short covering was the order of the day on Monday, lifting all crop futures markets higher. “If you are looking for a fundamental reason for today’s price rally, look elsewhere, as it appears the action was all structural,” Charlie Sernatinger, global head of grain futures for ED&F Man Capital said in a note to clients, […] Read more
LIVESTOCK-Bargain hunting, USDA report boost CME live cattle futures
CHICAGO, Sept 21 (Reuters) – Chicago Mercantile Exchange live cattle futures finished higher on Monday, fueled by bargain hunting and short-covering following a four-day losing streak, traders said. Spot-October closed 1.000 cent per lb higher at 137.000 cents, and December ended up 1.375 cents to 139.750. Traders said CME live cattle were further supported by […] Read more
