Chicago | Reuters — U.S. live cattle futures fell more than two per cent on Monday, pressured by ample beef supplies and fund-driven selling as Wall Street equities declined, analysts said. Feeder cattle futures fell even harder, dropping by three per cent as U.S. corn futures rose to almost $5 a bushel for the first […] Read more
U.S. livestock: Live cattle sag as Wall Street retreats, grain prices rise
Wholesale ham prices supportive for hogs
U.S. grains: Soy rally extends into 2021
South America soybean supply fears continue; corn ends mixed
Chicago | Reuters — U.S. soybean futures extended a rally to 6-1/2-year highs before trimming gains on Monday as dry crop weather and disruptions to exports in South America continued to unsettle investors at a time of brisk Chinese demand, analysts said. Wheat closed modestly higher, while corn ended mixed, as both commodities pared gains […] Read more
Mexico farm lobby blasts ban on GMO corn
Country's organic growers welcome ban
Monterrey, Mexico | Reuters — Mexico’s main agricultural lobby on Saturday criticized the government’s decision to ban genetically modified corn, while organic growers hailed the move that should protect smaller farmers. Mexico will “revoke and refrain from granting permits for the release of genetically modified corn seeds into the environment,” stated a decree issued Thursday […] Read more
U.S. grains: Corn, soy hit 6-1/2-year highs on Argentine corn export restriction, dry weather
Chicago | Reuters – U.S. corn futures extended gains on Thursday and hit their highest level in 6-1/2 years after major supplier Argentina said it would curb exports and as dry weather threatened harvests in South America. Soybeans also scaled a fresh 6-1/2-year peak on South American weather worries and tightening global supplies, while wheat […] Read more
ICE canola weekly outlook: Canola dips at midweek
MarketsFarm – ICE Futures canola contracts were weaker on Wednesday, sustaining contract prices around C$630 over the Christmas holidays. The nearby January contract closed at C$629.20 per tonne on Dec. 30, just a few pennies lower than its Dec. 23 close of C$630.90. Ken Ball of PI Financial in Winnipeg, Man., said canola prices will […] Read more
U.S. livestock: Live cattle futures ease as corn prices soar, raising feed costs
Chicago | Reuters – U.S. live cattle futures declined on Wednesday for a second session as surging corn prices signaled rising feed costs and pressured feeder cattle futures, traders said. Chicago Mercantile Exchange (CME) February live cattle futures settled down 0.125 cent at 114.450 cents per pound, while CME March feeder cattle tumbled 1.475 cents […] Read more
U.S. grains: Soybeans hold near 6-1/2-year peak as Argentina strike ends, dry weather remains
Chicago | Reuters – U.S. soybean futures held near a 6-1/2 year high on Wednesday as investors shifted their focus from a now-resolved labor strike in Argentina that had pushed up prices to continued dry weather in South America that threatened the upcoming harvest. Chicago Board of Trade (CBOT) wheat soared to a six-year peak […] Read more
Argentina suspends corn exports to ensure domestic food supplies
Buenos Aires | Reuters – Argentina will suspend corn exports until March 1, the agriculture ministry said in a statement on Wednesday that announced the surprise move as part of the government’s effort to ensure ample domestic food supplies. “This decision is based on the need to ensure the supply of grain for the sectors […] Read more
Argentine soy crushing operations normalize after 20-day labor strike
Buenos Aires | Reuters – Argentine soymeal and soyoil factories went back into production on Wednesday after a 20-day strike by oilseed workers was ended late the night before by a new wage contract for the coming year, union and industry sources said. The deal, following a more than 10-hour negotiation session hosted by the […] Read more
2020 grain market review: The year that felt like a decade
MarketsFarm – The column in this space a year ago led with the line ‘the more things change, the more they stay the same.’ That line was a jumping off point for a decade-in-review piece pointing out some of the through lines of the grain markets during the previous ten years. Well, the pandemic hit […] Read more
Canadian Cattlemen Presents: Depth of Field
