U.S. wheat futures pressured by weak French market — September 22, 2014

CNS Canada – U.S. wheat futures have fallen to four-year lows, but could have more room to the downside as large global supplies and declining world prices weigh on values. In addition to the ample world supply situation, much of the recent weakness in the U.S. wheat market is tied to a “freefall” in the […]

Frozen barley crops to push craft beer prices higher — September 22, 2014

Winnipeg | Reuters — Beer prices in North America may rise next year as brewers and maltsters face higher costs after cold, wet weather damaged Canadian barley crops and left farmers and tipplers crying in their beer. Canada, the world’s second-biggest exporter of malting barley, was already harvesting its smallest crop since 1968, before a […]

U.S. livestock: CME live cattle close mixed, hogs higher — September 22, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed mixed on Monday, pressured by last week’s lower cash prices but supported by bear spreads, traders said. Bear spreads consisted of investors who bought back months and simultaneously sold nearby contracts with the view that Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report confirmed tight […]

Wheat bids slide with U.S. futures — September 22, 2014

Average cash bids for Canada Western Red Spring (CWRS) wheat moved down across Western Canada during the week ended Friday, as continued losses in U.S. futures weighed on values. The highest CWRS prices were still available in Manitoba, but average bids in the province declined by $8 from the previous week, coming in at roughly […]

Warmer in west — September 22, 2014

Daytime highs rose well into the 20s C on much of the Prairies on Sunday, to as warm as 29 C in parts of north-central Alberta and the Peace region. Highs reached as warm as 25 to 27 C in western Saskatchewan and 24 C in northwestern Manitoba, but only 16 C in Manitoba’s southeast. […]

Klassen: Tight yearling supplies support feeder complex — September 21, 2014

Western Canadian feeder cattle prices were $3 to $4 per hundredweight (cwt) higher on average. Cattle buyers were scrambling to fill orders on yearlings as supply uncertainty continues to drive prices higher. Feedlot vacancy is at seasonal lows and operators want to fill pens as soon as possible. Feeding margins are narrowing with higher replacement […]

Lentil prices rise with Prairie rains, Asian demand — September 19, 2014

CNS Canada — A lentil watcher says Canadian prices for the crop are surging higher right now, in response to frequent Prairie rains and international demand. “It’s more than your usual slow rally, it (the market) spiked higher; especially the greens, which are shooting up right now,” said Chuck Penner of LeftField Commodity Research in […]

Three peanut firm officials guilty in deadly salmonella outbreak — September 19, 2014

Atlanta | Reuters – Three former U.S. peanut company officials were found guilty on Friday in connection with a 2009 salmonella outbreak that killed nine people and sickened hundreds, federal prosecutors said. The contamination at the Peanut Corporation of America plant in Blakely, Georgia, led to one of the largest food recalls in U.S. history […]