Markets
Chicago | Reuters – Chicago corn and soybeans futures rose on Thursday as traders squared positions before a government crop report on Friday that will include closely watched U.S. corn and soybean harvest forecasts, analysts said. Wheat ticked higher on short covering, though swelling global supply hung over the market. The most active soybean contract […] Read more
Markets
U.S. livestock: Cattle futures bounce on short covering
Chicago | Reuters – Chicago Mercantile Exchange cattle futures ticked higher on Thursday on a short-covering bounce, though a weaker cash market and concerns around consumer demand for beef continued to weigh on the market. Cattle futures also benefited from rising grains futures, which steadied ahead of the U.S. Department of Agriculture’s monthly supply and […] Read more
Feed Grain Weekly: Barley, wheat swinging upward
Prices for feed grains on the Canadian Prairies have “started to rebound a little bit,” said Matt Beusekom, trader with Market Place Commodities in Lethbridge.
Geopolitics can change trade routes
Geopolitical tensions can lead to massive infrastructure projects that can shift global trade patterns
WHISTLER, B.C. — Today’s geopolitical tensions could have dire long-term consequences, says the director of international policy at the University of Calgary. History has shown that these kinds of tensions lead to massive infrastructure projects around the world that can shift global trade patterns. China’s Belt and Road Initiative (BRI) was a response to similar […] Read more
Record EU soft wheat harvest expected this year
This year’s European Union soft wheat crop is expected to have reached a record high.
U.S. livestock: Cattle make gains, hogs mixed
Most Chicago cattle futures rose on Wednesday after Tuesday’s hard fall. Hogs settled on either side of unchanged. Most-active October live cattle futures closed at 231.150 cents per pound, up 0.975 cents. December contracts settled at 232.675 cents a pound, up 1.500 cents. Nearby feeder cattle futures rose, while deferred contracts lost steam. Most-traded October […] Read more
CBOT Weekly: Little change expected from USDA
Only minor changes to the grain and oilseed balance sheets are expected in the Sept. 12 supply and demand report from the United States Department of Agriculture, said an analyst.
U.S. grains: Soy and corn ease as traders await US crop report
Chicago | Reuters – Chicago soybeans and corn dipped on Wednesday as traders squared positions ahead of the U.S. Department of Agriculture’s global supply and demand report due on Friday, analysts said. Meanwhile, wheat dropped on falling global demand. The USDA is expected to trim U.S. soybean and corn yield forecasts on Friday, though production […] Read more
ICE canola weekly outlook: Rangebound market looking for direction
ICE canola futures recovered off five-month lows over the week ended Sept. 10, but were lacking any clear direction as the harvest picks up across Western Canada and trade uncertainty with China persisted.
U.S. market can’t easily be replaced
The North American agri-food supply chain is intertwined and would be very difficult to unravel
The deputy chief economist of Farm Credit Canada says 92 per cent of Canada’s total exports to the U.S. went into the country duty-free in June.
