Stories by GFM Network News - Canadian Cattlemen

U.S. grains: Corn futures rally; pull soybean, wheat prices higher

By Mark Weinraub, GFM Network News 12 hours ago

Chicago | Reuters – U.S. corn futures on Wednesday rallied 2.5 percent to their highest level in more than two months, supported by signs of robust ethanol production that bolstered demand for the yellow grain, traders said. The strength in corn spilled over into the soybean and wheat markets. “You had humongous ethanol numbers,” said […] Read more

Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cattle futures hit near two-month high as cash markets firm

By Mark Weinraub, GFM Network News 12 hours ago

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose for the third day in a row on Wednesday, nearing a two-month high on signs of improving cash markets. Traders also said a stepped-up pace of slaughter in recent days indicated demand for beef remains high. CME lean hog futures closed lower, with the front-month […] Read more

Markets

CBOT weekly outlook: Potential U.S.-China trade deal moving markets

By Adam Peleshaty, GFM Network News 14 hours ago

Speculation regarding a potential trade deal between the United States and China is sparking movement on the Chicago Board of Trade (CBoT). Ryan Ettner, broker for Allendale Inc. in McHenry, Ill., said there was optimism on the markets last week when trade representatives from both nations restarted talks. With the countries’ current deal expiring at […] Read more

Markets

Port of Churchill out of commission for two years

By Glen Hallick - MarketsFarm, GFM Network News 14 hours ago

The sight of grain vessels being loaded at the Port of Churchill in northern Manitoba won’t happen for two years, according to Sheldon Affleck, chief executive officer of the Arctic Gateway Group (AGG). The group consists of 29 Indigenous and a dozen non-Indigenous communities that own and operate the rail line from The Pas to […] Read more

Security wear face masks at the Greeley, Colorado, JBS USA meat packing plant where two staff members had died of COVID-19, April 8, 2020. Photo: REUTERS/Jim Urquhart/File Photo

Reuters

Coronavirus infections at U.S. meat plants far higher than previous estimates, House subcommittee hears

By Leah Douglas, GFM Network News 14 hours ago

Cases and deaths from COVID-19 among workers at the leading U.S. meatpacking plants were three times as high as previously estimated, according to a report by the House Select Subcommittee on the Coronavirus Crisis seen by Reuters. The subcommittee surveyed major meatpackers Tyson Foods, JBS USA, Cargill, National Beef , and Smithfield Foods, which together control over 80 percent […] Read more

Lentils, Markets, Pulses

Pulse weekly outlook: Possible seed shortage for lentils

By Glen Hallick - MarketsFarm, GFM Network News 22 hours ago

With lentil yields varying across the Prairies this year some growers could find themselves short on seed to plant in 2022. “It depends on if you have booked seed already somewhere or you normally clean your own,” said Dale McManus, trader with Johnston’s Grain in Welwyn, Sask. “A lot of lentils haven’t brought to the […] Read more

Markets, Reuters

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

By Arunima Kumar, Karl Plume, GFM Network News 22 hours ago

Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing […] Read more

Crops, Markets, Reuters

U.S. grains: Corn, soy firm as harvest slows; wheat falls on profit taking

By Mark Weinraub, GFM Network News 2 days ago

Chicago | Reuters – U.S. corn futures rose to their highest in more than three weeks on Tuesday after heavy rains across broad swaths of the U.S. Midwest stalled harvest, traders said. The harvest slowdowns also supported the soybean market. “Even if we get a break in the rains for one to two days, that […] Read more

Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cattle futures extend rally; hog contracts weaken

By P.J. Huffstutter, GFM Network News 2 days ago

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose to their highest in more than seven weeks on Tuesday, with traders noting follow-through buying after the market rallied on Monday. Concerns about supplies and strength in the cash market underpinned cattle futures. CME December live cattle futures settled up 1.925 cents at 131.45 per […] Read more

Marie-Claude Bibeau speaks during a sitting of the House of Commons in May 2020. Photo: REUTERS/Blair Gable

General

Bibeau keeps role as federal ag-minister, Canada gets a new environment minister

By Glacier FarmMedia staff, GFM Network News 2 days ago

Canada’s 44th Parliament was sworn in today in a ceremony at Rideau Hall in Ottawa. Prime Minister Justin Trudeau shuffled a number of his ministers from their previous roles, and today’s cabinet shuffle is a result of the federal election held on Sept. 20. Marie Claude-Bibeau maintains her role as federal Minister of Agriculture, a […] Read more

U.S. grains: Corn futures rally; pull soybean, wheat prices higher

U.S. livestock: Cattle futures hit near two-month high as cash markets firm

CBOT weekly outlook: Potential U.S.-China trade deal moving markets

GFM Network News

U.S. grains: Corn futures rally; pull soybean, wheat prices higher

U.S. livestock: Cattle futures hit near two-month high as cash markets firm

CBOT weekly outlook: Potential U.S.-China trade deal moving markets

Author Archives GFM Network News

U.S. grains: Corn futures rally; pull soybean, wheat prices higher

U.S. livestock: Cattle futures hit near two-month high as cash markets firm

CBOT weekly outlook: Potential U.S.-China trade deal moving markets

Port of Churchill out of commission for two years

Coronavirus infections at U.S. meat plants far higher than previous estimates, House subcommittee hears

Pulse weekly outlook: Possible seed shortage for lentils

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

U.S. grains: Corn, soy firm as harvest slows; wheat falls on profit taking

U.S. livestock: Cattle futures extend rally; hog contracts weaken

Bibeau keeps role as federal ag-minister, Canada gets a new environment minister

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