Chicago Mercantile Exchange (CME) live and feeder cattle futures eased on Thursday, as generally quiet cash market and a strengthening U.S. dollar left cattle futures in a range-bound trade, traders said.
Chicago Board of Trade wheat futures ended lower on Thursday as cheap Black Sea exports kept weighing on the market, which had risen overnight on a rally sparked by a Russian attack on Ukrainian port infrastructure.
Pasture conditions in much of Saskatchewan were diminishing due to the hot and dry conditions. While sporadic rainfall in north and east parts of the province will benefit later seeded crops as they mature, but came too late for early seeded crops.
With rain forecast for most of the United States Corn Belt, the prospects for larger than expected soybean and corn crops is pretty much certain, according to broker Scott Capinegro of AgMarket Inc. in Chicago.
North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars' worth of economic damage.
Producer and agriculture groups across Canada launched a ‘Stop the Strike’ writing campaign asking the federal ministers of agriculture and labour to use all their means to stop rail workers from walking off the job.
Chicago soybean futures lost more ground on Tuesday, setting another four-year low a day after U.S. Department of Agriculture data reinforced the prospect of a bumper U.S. harvest.
The harvesting of fall cereals was well underway in Manitoba, according to the province’s latest crop report released on Aug. 13. Manitoba Agriculture said 39 per cent of the fall rye and 17 per cent of the winter wheat had been combined.
Lentil combining in southeast and southwest Saskatchewan were 10 per cent complete as of Aug. 5, according to that province’s crop report. Harvesting of the pulse was six per cent done in the west-central region, while most of Saskatchewan’s lentil crop was still standing. Over in Alberta, the combining of pulses was expected to get underway this week.