By Theopolis Waters CHICAGO, Feb 3 (Reuters) – Chicago Mercantile Exchange hog futures retreated on Monday, led by profit-taking in anticipation of weaker cash prices in the near term, traders and analysts said. The morning’s average cash hog price in the eastern Midwest dropped $1.14 per hundredweight (cwt) to $78.71, according to U.S. Department of […] Read more
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Cash price jitters rattle CME hog futures, live cattle down with beef
Soybeans ease as record South American crop eyed; wheat up 3rd day
SINGAPORE, Feb 3 (Reuters) – U.S. soybean futures fell for the first time in three sessions on Monday as the market took a breather on expectations of record production in Brazil and Argentina. Wheat rose for a third consecutive session with support from extreme cold weather slowing grain movement in the Black Sea region, while […] Read more
Analyst ups 2014 EU rapeseed crop forecast due good weather
PARIS, Feb 3 (Reuters) – Analyst Strategie Grains raised slightly its forecast for the 2014 rapeseed harvest in the European Union, citing good weather conditions in the bloc. Rapeseed production in the 28-country EU is now expected at 21.4 million tonnes this year, up from the 21.3 million tonnes estimated last month and 500,000 tonnes […] Read more
CME live cattle futures drop as beef prices plunge from record highs
By Theopolis Waters CHICAGO, Jan 31 (Reuters) – Chicago Mercantile Exchange live cattle futures posted modest losses on Friday, but were up from session lows, dragged by retreating wholesale beef prices, traders and analysts said. The afternoon’s wholesale choice beef price, or cutout, was $223.49 per hundredweight (cwt), $7.26 lower than on Thursday, and select […] Read more
U.S. cattle supply sinks to 63-year low, herd rebuilding slow
By Theopolis Waters CHICAGO, Jan 31 (Reuters) – The U.S. cattle population dropped to its lowest level in 63 years as the lingering impact of years of drought took its toll on feed costs in the first half of 2013, analysts said in response to a government yearly cattle report on Friday. However, corn and […] Read more
March canola gains $2 on week, awaits stocks report Tuesday
A late session rally pushed canola futures higher Friday, resulting in a $2 per tonne gain on the week in the March contract and a $2.10 gain in the new crop November contract. There was no new significant market moving news so a lot of the trade Friday in canola was month end short covering […] Read more
Farmers advised to shop crop around
Prices changing daily | Delivery opportunities can pop up one day and close the same day
BRANDON — Get marketing but also get shopping, adviser Brenda Tjaden Lepp of FarmLink Marketing Solutions told farmers at Manitoba Ag Days. There’s no reason to hold back from moving old crop and contracting delivery for new crop, but farmers shouldn’t just take whatever bid their usual buyer is offering. “You’ve got to shop around […] Read more
Prairie soybeans poised for growth
Growers hunt for seed | More than 1.5 million acres of soybeans could be seeded on the Prairies in 2014
Seed sales in Saskatchewan and grower intentions in Manitoba indicate that soybean area on the Prairies could exceed 1.5 million acres this spring. Claude Durand, product development manager with NorthStar Genetics, one of the largest soybean seed dealers in Manitoba, said sales in Saskatchewan are booming. “Already, our seed bookings in Sask-atchewan have doubled over […] Read moreEmerging economies hammered as Fed tapers stimulus
By D’Arce McMillan If your eyes have widened at the surprise of seeing the Canadian dollar fall, think what a shock Argentines are feeling as their peso falls 20 percent. Currencies are gyrating around the world and emerging market stock prices are falling as global investors rejig their portfolios to take advantage of what they […] Read more
