By Theopolis Waters CHICAGO, Jan 28 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday moved downward in anticipation of possibly steady-to-lower cash prices this week, traders said. More cattle are available for sale than a week ago. Packers are reluctant to spend more for supplies to the detriment of their profitable margins. Indications […] Read more
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CME Livestock — live cattle futures sag on cash price expectations
Canola dips, U.S. cold supports wheat
Canola fell Tuesday despite support from higher soy oil futures and a weaker loonie, which fell below 90 cents US. Canola futures were a little higher in the morning but retreated with light commercial and small speculator selling. March closed at $426.40, down $2.40. There was little new market moving news. Rail transportation resources in […] Read more
CME live cattle, hog futures finish mixed
By Theopolis Waters CHICAGO, Jan 27 (Reuters) – Chicago Mercantile Exchange live cattle futures settled mixed on Monday after a choppy session. February live cattle closed 0.250 cent per pound lower at 143.150 cents US, and April ended 0.450 cent higher at 140.550 cents. Investors sold February live cattle futures and bought deferred contracts in […] Read more
Video: Weekly WP Canadian agricultural news & markets update
January is normally a busy agricultural information month in Western Canada, with several large provincial events taking place. Compounding the normal flow of information and meetings has been the significant transportation issues that have driven delivery basis spreads wider than at any time in recent memory. This week’s Western Producer news and markets video-cast catches […] Read more
U.S. December cattle placements rise unexpectedly
CHICAGO, Jan 24 (Reuters) – The number of cattle placed in U.S. feedlots in December unexpectedly increased one percent from a year earlier as cheaper feed encouraged them to bring in young cattle for fattening, a government report showed on Friday. The U.S. Department of Agriculture showed December placements at 1.681 million head, up one […] Read more
March canola falls $7.80 on the week
Nearby canola lost another $7.80 this week as the outlook for oilseeds generally turned more negative and Canada’s particular problems with logistics continued. Soybeans and soy oil barely changed in trading Friday but settled on the positive side. However March canola fell S4.90 on the day. November canola fell $4.60 on the day and $5.60 […] Read more
CME live cattle futures sag before USDA report, hogs up
By Theopolis Waters CHICAGO, Jan 24 (Reuters) – Chicago Mercantile Exchange live cattle futures moved lower on Friday on investor caution before the U.S. Department of Agriculture’s monthly cattle-on-feed report at 2 p.m. CST, traders said. Most analysts polled by Reuters believe placements of cattle in U.S. feedlots in December likely dropped 2.3 percent from […] Read more
Flax price rebound coming: analyst
St. Lawrence Seaway closed | Prices are expected to climb o.nce exports to the EU resume
The recent nosedive in flax prices will be short-lived, says a grain analyst. Bids have fallen to as low as $10 per bushel at some elevators from highs of $13 to $14 in December. “I think we’ll see a recovery,” Chuck Penner, an analyst with LeftField Commodity Research Inc., told growers attending his CropSphere 2014 […] Read more
Slow pulse exports may boost carryover
Slow sales | Analyst says growers may be wise to jump on new crop bids
Pulse exports are lagging well behind where they need to be, says an industry analyst. Bulk pea shipments in the first four months of 2013-14 were 739,413 tonnes. Pea exports will fall 500,000 tonnes short of Agriculture Canada’s expectations if that pace is maintained. “That’s not happy news,” Larry Weber, analyst with Weber Commodities Inc., […] Read moreMustard a solid bet for prairie growers in 2014: analyst
Mustard is one of the few crops that has maintained prices into 2014. Farmers can expect to see a fairly reliable market for their crops this year, Kevin Dick of All Commodities Trading said last week during the Saskatchewan Mustard Development Commission meeting at Crop Production Week in Saskatoon. Dick said prices for brown mustard […] Read more
