Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Thursday on a round of profit-taking after three straight days of gains, traders said. Signs of weakness in the cash market also weighed on cattle futures. The front-month feeder cattle contract was setting back from its highest since November 2015. Hog futures fell on […] Read more
U.S. livestock: Cattle futures weaken on profit-taking
Hogs fall on technical setback
ICE weekly outlook: Don’t bank on canola prices jumping higher
MarketsFarm — As canola remained steadfast in its following of Chicago soyoil, analyst Wayne Palmer of Exceed Grain stressed that the days of higher prices have very likely passed. “Farmers are tremendously undersold. This latest sell off took them totally by surprise,” he said. After August soyoil made some gains over the last week, it […] Read more
Larger U.S. barley crop expected in 2022
MarketsFarm — Barley production in the U.S. is forecast to be up substantially in 2022, with early indications pointing to the largest crop in seven years. In its latest production estimates, the U.S. Department of Agriculture forecast the country’s 2022 barley crop at 3.8 million tonnes, which would be up from the 2.6 million tonnes […] Read more
U.S. livestock: CME feeder cattle rally to highest since November 2015
August live cattle, lean hogs also up
Chicago | Reuters — Chicago Mercantile exchange cattle futures extended gains on Wednesday on follow-through technical buying after rallying in the previous two sessions. Tight supplies remained in focus as the front-month feeder cattle contract hit its highest on a continuous basis since November 2015. “Big picture, the U.S. Agriculture Department still has sharply reduced […] Read more
U.S. grains: Corn, soybean futures rise
Chicago wheat ends weaker
Chicago | Reuters — U.S. corn futures gained 1.5 per cent on Wednesday, supported by concerns that hot and dry weather in the U.S. Midwest could cut into harvest yields, traders said. Soybean futures also were firm, recovering from sharp declines after the U.S. Agriculture Department’s monthly world agricultural supply and demand estimates (WASDE) report […] Read more
Ukraine grain exports deal to be signed next week, Turkey says
Istanbul/United Nations | Reuters –– Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at resuming Ukraine’s Black Sea grain exports, but U.N. chief Antonio Guterres warned there was still “a long way to go” before there would be peace talks to end the war. Turkish defence minister […] Read more
CBOT weekly outlook: Volatility ahead as U.S. inflation rises
MarketsFarm — Shifting weather forecasts may have led to choppy activity in U.S. grain and oilseed markets during the week ended Wednesday, but rising inflation may create even more turbulence going forward, according to an analyst. The U.S. Bureau of Labor Statistics reported on Wednesday that the annual rate of inflation rose to 9.1 per […] Read more
Drought conditions remain in Alberta, Saskatchewan
MarketsFarm — After copious amounts of precipitation alleviated the most severe drought conditions in Saskatchewan and Alberta, there were still some areas dealing with extreme dryness entering July, according to the Canadian Drought Monitor. At the end of June, only 22 per cent of the Prairie region was classified in the Abnormally Dry (D0) to […] Read more
Larger spring wheat crop expected in U.S.
USDA expects reduced total worldwide wheat crop
MarketsFarm — Early indications point to a much larger spring wheat crop in the United States in 2022 compared to the drought-stricken 2021 crop despite the late seeding, according to the latest production estimates from the U.S. Department of Agriculture. In USDA’s first official production estimates of the growing season breaking out the different wheat […] Read more
Rajapaksa dynasty draws to humiliating close in Sri Lanka
Food shortages, fertilizer ban among flashpoints
Colombo | Reuters — The Rajapaksa dynasty dominated Sri Lankan politics until April when street protests against fuel and food shortages began to slip out of control. President Gotabaya Rajapaksa fled the country early on Wednesday, leaving no one from the once-illustrious family in a position of power. The president vowed last month to stay […] Read more
Canadian Cattlemen Presents: Depth of Field
