CHICAGO, Feb 6 (Reuters) – The U.S. oat market soared to an all-time high on Thursday, ignited by a razor-thin supply of oats moving into the United States from top exporter Canada in the wake of logistical nightmares. Chicago Board of Trade oat futures rose the 20-cent daily trading limit – notching a record high […] Read more
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U.S. oat price soars to an all-time high on Canadian rail woes
Indian forecast for good pulse crop questioned
One of the world’s largest pulse crop processors is casting doubt on reports about India’s looming bumper crop. “The word from the Indian trade is that seeded acreage is down and the overall yields are projected to be average to sub-average,” said Murad Al-Katib, president of Alliance Grain Traders Inc. That contradicts official reports from […] Read more
Strong U.S. soy exports lift canola
Oilseed markets were mostly up on Thursday thanks to a strong weekly export sales report from the USDA. The strong pace of export sales this year has traders expecting that the USDA’s next report on Monday Feb. 10 might trim its forecast of year-end U.S. soybean stocks. Although weekly U.S. corn sales topped expectations, traders […] Read more
US soy climbs on exports, corn flat; oats hit record high
CHICAGO, Feb 6 (Reuters) – Chicago Board of Trade soybean futures rose for a sixth straight session on Thursday, setting a six-week high on strong export demand for U.S. soybeans and soymeal, traders said. Thinly traded CBOT oats surged, with the March contract soaring its daily 20-cent limit to $4.63-1/4 per bushel, the highest-ever spot […] Read more
German 2013 bioethanol production up 9.6 percent
HAMBURG, Feb 6 (Reuters) – German 2013 bioethanol production rose 9.6 percent to 672,000 tonnes from the previous year as low prices attracted buyers, German bioethanol industry association BDBE said on Thursday. BDBE Chief Executive Dietrich Klein said Germany’s bioethanol is competitive, noting sales of gasoline with a higher 10 percent bioethanol content also rose. […] Read more
EU ready to lift duties on most U.S. goods to reach trade pact
BRUSSELS, Feb 6 (Reuters) – The European Union will offer to lift tariffs on nearly all goods imported from the United States as part of negotiations towards the world’s largest free-trade deal, people familiar with the proposal have told Reuters. The offer will be made on Monday, a week ahead of face-to-face talks between EU […] Read more
Wheat maintains its rally but canola dips
Chicago wheat futures rose for the sixth consecutive day on Wednesday, still enjoying support from concerns about cold damage to the U.S. winter wheat crop. Chicago wheat’s 0.5 percent gain today was modest compared to the 3.68 percent gain on Tuesday after monthly USDA state reports that downgraded the condition status of wheat crops in […] Read more
Taiwan to accept more Canadian beef
WINNIPEG, Manitoba, Feb 5 (Reuters) – Taiwan has agreed to accept Canadian bone-in beef and other products from cattle under 30 months of age, Canada’s agriculture and international trade ministers said on Wednesday. The arrangement was signed on Feb. 3 and was to go into effect no later than 30 days later, Agriculture Minister Gerry […] Read more
CME live cattle end lower, hogs firm
By Meredith Davis CHICAGO, Feb 4 (Reuters) – Chicago Mercantile Exchange live cattle futures retreated on Tuesday, pressured by technical selling and by anticipation of softer cash prices in the near term, traders and analysts said. The CME February live cattle contract fell below the 20-day moving average, triggering some technical selling, a trader said. […] Read more
Wheat leads general crop rally
Crop markets posted solid gains Tuesday on concerns about weather in the United States and South America. Active U.S. grain exports also supported prices. Canola rose, but gains were limited by the big crop, large stocks and transportation problems. Wheat was the biggest mover of the three major U.S. grains. Monthly updates on winter wheat […] Read more
