Chicago | Reuters — Chicago soybean futures dipped on Thursday as broad selling in financial markets countered weather concerns in South America that had pushed prices to a five-month high. Corn ended just above even, paring losses as private estimates of South American crops fell further due to hot, dry conditions in the region. Wheat […] Read more
U.S. grains: Soybeans ease after weather rally
Corn firms, wheat slips to nearly three-month low
U.S. livestock: CME live cattle futures firm
Cash cattle prices provide support; lean hogs also firm with cash index
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures moved higher on Thursday, supported by cash cattle prices in the northern U.S. Plains, analysts said. “We’ve been under some pressure recently, but the cash trade was still at $138 to $140,” said Doug Houghton, technical analyst at Brock Capital Management (all figures US$). “That’s […] Read more
ICE weekly outlook: Canola strength shows no signs of fading
MarketsFarm — ICE Futures canola contracts started the new year on a firm footing, with little sign that the ongoing strength will end anytime soon. “Is canola expensive? Yes, but everything is expensive,” said analyst Mike Jubinville of MarketsFarm. While canola may look overpriced by some metrics, he noted the high prices were necessary to […] Read more
CBOT weekly outlook: South American dryness main source of support
MarketsFarm — After corn and the soy complex on the Chicago Board of Trade shot up on Tuesday following the fats and oils as well as the crushing reports from the U.S. Department of Agriculture (USDA), one trader said he isn’t expecting any surprises to come out of USDA’s supply and demand estimates or grain […] Read more
U.S. livestock: CME live cattle down on lagging slaughter rates
Lighter supplies support lean hog futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased for a fifth consecutive session on Wednesday, pressured by lagging slaughterhouse production, analysts said. “We’re just not processing cattle fast enough. Some of the supply chain bottle necks that have affected the cattle market up to this point, they still remain in play,” said […] Read more
U.S. grains: Soybeans up with session peak highest since July
Corn, wheat ease
Chicago | Reuters — Chicago soybeans ended stronger on Wednesday after trading both sides of even and hitting the highest in nearly five months, supported by extreme weather in South America that could result in yield losses. Corn eased after also rallying on South American weather risks, while wheat followed. The most-active soybean contract on […] Read more
New chair named for Canadian Dairy Commission
Appointment still leaves board shorthanded
Federal Agriculture Minister Marie-Claude Bibeau has hired from within the Canadian Dairy Commission to get it a new chairperson. Bibeau on Tuesday announced Quebec dairy farmer Jennifer Hayes as the CDC’s new chair for a four-year term starting Dec. 23, 2021. Hayes, who had served as commissioner on the CDC’s three-person board since January 2017, […] Read more
Colder-than-normal Prairie winter forecast
MarketsFarm — Colder-than-normal temperatures are in the long-range forecast across Western Canada over the next three months, while much of Eastern Canada should be warmer. The latest seasonal forecast from Environment Canada, released Friday, calls for a 50 to 90 per cent chance of below-normal temperatures from January through March for the four western provinces. […] Read more
U.S. livestock: CME live cattle, lean hogs dip on regulatory concerns
Biden proposal seen improving producers' cut of price
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday, pressured by new federal efforts to address a lack of competition in the U.S. meat processing sector. The initiative, announced by U.S. President Joe Biden on Monday, includes funding for more independent meat processors, strengthening enforcement of the Packers and Stockyards Act, […] Read more
Deere says its robo-tractors are ready to till the fields
Detroit | Reuters — Deere and Co. said Tuesday it will start commercial delivery this year of technology that enables a tractor to till a field without an operator in the cab, a first for the top North American tractor manufacturer after years of effort to automate farm work. Deere plans a low-volume launch this […] Read more
Canadian Cattlemen Presents: Depth of Field
