Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on a round of technical buying on Tuesday after snapping an eight-session losing streak on Monday, traders said. Hog futures rallied on a bargain-buying bounce after sinking to their lowest in more than a month and feeder cattle futures also were firm. CME April […] Read more
U.S. livestock: CME cattle firm, hogs rebound
Hogs up off lowest since Feb. 4
GM ramps up EV push with plans to make battery materials in Canada
Automaker and BASF both plan CAM plants at Becancour
Reuters — General Motors and South Korea’s POSCO Chemical will build a $400 million facility to produce battery materials in Canada as the carmaker ramps up plans to produce mainly electric vehicles (EVs) in the future, the companies said Monday. The plant will produce cathode active material (CAM) for vehicle batteries at Becancour, Que. Cathodes […] Read more
Iraq to create strategic wheat reserve
Reuters — Iraq will allocate US$100 million to urgently purchase wheat and create a strategic reserve by importing three million tons of the grain, the commerce minister said in a statement on Monday. “The ministry has a plan to achieve food security for citizens and to address the global rise in food prices due to […] Read more
U.S. grains: Wheat limit up to 14-year highs
CBOT May corn, soybeans down
Chicago | Reuters — U.S. wheat futures gapped higher on Monday, notching a limit-up move as it neared an all-time high on concerns that global supply shipments will be disrupted until the Russia-Ukraine conflict is resolved. European wheat has already hit record highs as deepening Western sanctions against Russia fuelled concerns about exports from the […] Read more
U.S. livestock: CME cattle bounce from multi-month lows
Chicago lean hogs extend declines
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rebounded from multi-month lows on Monday, while hog futures eased on follow-through selling after notching a limit-down decline on Friday. Live cattle futures snapped an eight-session losing streak that saw the April contract shed seven per cent of its value and drove prices to their lowest […] Read more
Low demand for barley keeps prices stable
Wheat's volatility not reflecting onto barley values
MarketsFarm — Unlike the dramatic leaps wheat prices have made since the Russian invasion of Ukraine 12 days ago, malt barley prices have moved very little, according to Kris Moric of Johnston’s Grains in Calgary. Wheat “is not pulling barley prices with it, as far as we can see on our end,” Moric said, noting […] Read more
WFP ramps up food aid to Ukraine amid reports of severe shortages
London | Reuters — The World Food Programme said on Friday it is ramping up food aid to war-torn Ukraine, citing reports of severe shortages of food and water in Kyiv, the capital, and the northeastern city of Kharkiv. The U.N. agency said it is in the process of finding partners in Ukraine to help […] Read more
Louis Dreyfus suspends operations in Russia
Paris | Reuters — Louis Dreyfus Co., (LDC), one of the world’s largest agricultural commodity merchants, has suspended its operations in Russia, it said on Friday. LDC did not provide further details in an emailed response to a question about the impact of Russia’s invasion of Ukraine on its activities. Like other crop traders, it […] Read more
Prairie cash wheat: Russia-Ukraine conflict fuels price rallies
U.S. wheat futures way up on week
MarketsFarm — Russia’s ongoing invasion of Ukraine has not only sparked a conflict between two of the world’s major wheat exporters, but also limit-up price rallies for wheat futures during the week ended Thursday. As sanctions grow against Russia, as well as uncertainty over access to Ukrainian ports on the Black Sea, fears of a […] Read more
U.S. livestock: CME cattle hit multi-month lows
Hogs drop by daily limit
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to a six-month low and feeder cattle hit a nine-month low on Friday, while lean hog futures sank by the daily exchange-imposed trading limit. Follow-through selling pushed down cattle contracts after a string of losses in the markets, brokers said. Recent weakness in wholesale […] Read more
Canadian Cattlemen Presents: Depth of Field
