Markets
Chicago | Reuters – Chicago Board of Trade corn futures hit their highest in more than two months on Tuesday, buoyed by a weaker dollar and uncertainty about the size of the U.S. crop, analysts said. Soybeans drew support from optimism about U.S. trade talks with China, the world’s largest soy buyer, given news that […] Read more
Markets
Traders forecast record lentil yields for Canada
Country’s competitiveness in key export markets is slipping as it loses ground to Australia, Russia and Kazakhstan
lentil yields could be phenomenal and that is dragging down prices for both reds and greens.
Pulse weekly: Large U.S. pea/lentil crops expected
Lentil production in the United States hit its largest level in nearly a decade, while the dry edible pea crop reached levels not seen in over five years, said updated production estimates from the U.S. Department of Agriculture.
Wheat markets are under duress
The U.S. is making deals that undermine Canadian wheat exports to key customers
Two of Canada’s top wheat buyers have agreed to significantly ramp up their purchases from the United States.
Asia millers buy more U.S. wheat on competitive prices, Black Sea delays
Flour millers in Asia have ramped up imports of U.S. wheat in recent weeks, driven by competitive prices from American suppliers and delays in shipments from the Black Sea.
U.S. grains: Corn sags as bumper US crop harvest advances, soybeans retreat
Chicago | Reuters – Chicago Board of Trade corn futures fell on Monday, retreating from a two-month high set on Friday, as market players focused on projections for a record-large U.S. harvest, analysts said. Soybean futures turned lower as worries resurfaced about export demand from top global buyer China. U.S. and Chinese officials met in […] Read more
High pea yields shock farmers
Prices crater as a large harvest and potential problems with demand point to a huge carryout this year
There is going to be a massive pea carryout at the end of this crop year.
U.S. livestock: Cattle futures rally, hogs rise
Chicago cattle futures rallied on Monday following losses in the previous trading session. Hogs also rose. Most-active December live cattle contracts closed at 236.275 cents a pound, up 4.350 cents. October live cattle settled at 234.600 cents a pound, up 4.625 cents. Most-traded October feeder cattle futures settled at 354.500 cents a pound, up 8.700 […] Read more
Fund traders flip to net short in canola futures
Speculative fund traders have moved to a net short position in canola futures for the first time in five months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. livestock: Cattle futures fall on expectations of US agriculture secretary announcement
Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on investor expectations that U.S. Agriculture Secretary Brooke Rollins might announce a re-opening of the border with Mexico for cattle imports in a speech in Oklahoma on Friday. The U.S. is currently closed to cattle imports from Mexico because of an infestation south of the […] Read more
