CHICAGO, March 14 (Reuters) – U.S. cattle futures declined on Tuesday, with live cattle easing 1 percent as traders locked in profits following recent steep gains and amid uncertainty over how cash markets would develop this week, traders and analysts said. Lean hog futures climbed to a three-week high at the Chicago Mercantile Exchange, boosted […] Read more
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Cattle decline 1 percent on profit-taking; hogs at 3-week high
Sask. premier asks RMs to watch their costs
Saskatchewan Premier Brad Wall delivered a mostly positive economic message March 14 to delegates attending the 112th annual convention of the Saskatchewan Association of Rural Municipalities in Saskatoon. But he also stressed the need for RMs to cut costs, scrutinize expenditures and look for ways to deliver services more efficiently. “We are hoping that all […] Read more
Oilseeds drift lower, corn supported by big China order
It was another down day for oilseed futures on Tuesday but corn edged slightly higher and wheat futures were mixed. May canola fell $3.70 to $514.20, and is bearing in on a support level of about $512.50 that has been the low spot so far in 2017. May soy in Chicago today dipped below $10 […] Read more
China seen importing 3 mln T of pork in 2017
SINGAPORE, March 14 (Reuters) – China is likely to import about three million tonnes of pork in 2017, similar to last year’s level despite rising domestic production, a senior industry official said on Tuesday. “Global prices are still attractive for importing pork into China,” Juhui Huang, Shanghai-based vice president of Brazilian food conglomerate BRF SA […] Read more
U.S. soy acres seen at 88.8 mln, corn 90 mln -survey
CHICAGO, March 14 (Reuters) – U.S. farmers will expand their plantings of soybeans by 6.5 percent in 2017 while scaling back on corn and wheat, according to a survey of growers released on Tuesday by Illinois-based research and brokerage firm Allendale Inc. Allendale’s survey of farmers in 33 U.S. states said plantings of soybeans would […] Read more
Drainage problems similar in Argentina, Canadian Prairies
By Luc Cohen BUENOS AIRES, March 13 (Reuters) – It was not just the heavy rains that left the streets of the Argentine town of Pozo del Molle flooded for three months last year. Nearby farmers built drainage ditches without authorization to drain their fields of surface water, redirecting flows toward urban areas and worsening […] Read more
Canadian durum lacks momentum ahead of competing harvests
Winnipeg, March 14, 2017 (CNS Canada) – Canadian durum prices are at a standstill as the market looks to upcoming production, while domestic crops act as a “wildcard,” one Winnipeg-based analyst says. “The durum market is certainly quiet right now. We’re kind of in that period where we’re in a lull,” said Jerry Klassen, manager […] Read more
CME live cattle futures gain for 4th straight session
CHICAGO, March 13 (Reuters) – Chicago Mercantile Exchange live cattle on Monday rose for a fourth consecutive session, with strength from buy stops and futures’ discounts to last week’s cash prices, said traders. They said profit-taking and caution ahead of this week’s cash returns pulled contracts from session highs. Monday was the final day in […] Read more
Canola dips Monday on weaker soy oil, rain forecast lowers wheat
Canola futures fell Monday, but stayed well within the trading band futures have been inside since mid-October. May fell $5 per tonne, or about one percent, to $517.90. That wasn’t a great way to begin a week, but the price is still above recent lows of around $512 set in mid-February and late-January. New crop […] Read more
LIVESTOCK-Cattle extend gains on higher beef prices, lower corn
CHICAGO, March 10 (Reuters) – U.S. cattle futures rose about one percent on Friday, with feeder cattle extending gains to the third straight session as wholesale beef prices rose and corn prices fell. Higher prices for meat and lower prices for animal feed boost profits in the cattle sector. Greening pastures also increased demand for […] Read more
