MarketsFarm — Soybean and corn futures at the Chicago Board of Trade backed away from nearby highs over the past week, but could be poised to retest those levels as the underlying fundamentals remain supportive. “I think we’ll need another headline of sorts, whether it be a weather or sales numbers (headline), to push corn […] Read more
CBOT weekly outlook: Soy, corn could retest highs
Wheat now 'doing its own thing'
JBS parent pleads guilty to U.S. foreign bribery charges
New York/Rio de Janeiro | Reuters — Brazil’s J+F Investimentos, parent company of the world’s largest meatpacker, JBS, pleaded guilty to U.S. foreign bribery charges and agreed to pay US$128.25 million in criminal fines, prosecutors said on Wednesday. J+F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian […] Read more
Brazil millers oppose sale of GMO wheat
Importing costs would rise, Abitrigo says, as Argentina approves new wheat
Sao Paulo | Reuters — Brazilian wheat millers association Abitrigo opposes the approval of genetically modified wheat products for sale in Brazil, saying it will make imports of the cereal more costly and impact prices on the domestic market. The statement comes after Argentine authorities approved a new genetically modified wheat that can resist drought […] Read more
U.S. grains: Soybeans up on Chinese buying, Brazil weather
Chicago corn, wheat end higher after mixed day
Chicago | Reuters — Chicago soybean futures climbed on Wednesday, supported by renewed exports and dryness in top exporter Brazil, traders said. Corn and wheat futures ended higher after trading both sides of even as markets digested conflicting indicators. The most active soybean contract on the Chicago Board of Trade gained 12-1/4 cents to $10.56-1/4 […] Read more
World Food Program seeking billions within six months to avert famine
Pandemic may double hunger worldwide, agency says
London | Reuters — The United Nations World Food Program (WFP) will need to raise US$6.8 billion over the next six months to avert famine amid the COVID-19 crisis, the agency said on Tuesday. The WFP, which was awarded the Nobel Peace Prize last week for its efforts to prevent the use of hunger as […] Read more
U.S. grains: Soybeans rebound from prior day’s plunge
Wheat flat as stronger dollar offsets dryness concerns; corn up on exports to Mexico
Chicago | Reuters — Chicago soybean futures rose on Tuesday, a day after the market’s largest drop in six months slowed a rash of farmer selling, traders said. Chicago wheat futures rose slightly but were capped by a strong U.S. dollar, while CBOT corn gained on fresh export sales to Mexico. CBOT November soybeans closed […] Read more
Pulse weekly outlook: Tight supplies push up green lentil prices
Summer exports 'unusually good'
MarketsFarm — Prices for green lentils in Western Canada have been on the upswing, with Lairds rising by between six and 12 cents/lb. “The summer exports were unusually good and are going fairly well right now,” said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. “People are realizing overall green lentil supplies, primarily in […] Read more
U.S. livestock: Cattle futures rebound on wholesale strength
Softening cash market drags on hog futures
Chicago | Reuters — U.S. live cattle futures rebounded on Tuesday, correcting after the biggest drop since June 30, amid a stronger wholesale market, traders said. Lean hogs stepped back for a second day, reflecting a softer cash market, while feeder cattle followed the cash market higher. Chicago Mercantile Exchange December live cattle futures added […] Read more
Klassen: Feeder market digests rising COVID-19 cases
Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded steady to $2 lower on average. The grain harvest is in its final stages and buying interest was noted from the farmer/backgrounding operator. The buying frenzy over yearlings has eased and finishing feedlots were active on all weight categories. Feather-light calves […] Read more
U.S. grains: Soybeans fall as harvest pressure fills bulls’ void
Corn follows soybeans lower; wheat ends slightly higher
Chicago | Reuters — Chicago soybean futures dropped sharply on Monday, as harvest pressure pushed the market lower, traders said. Corn followed soybeans lower, while wheat ended slightly higher on concerns that dryness across the U.S. Great Plains might limit winter wheat growth. Chicago Board of Trade most-active soybeans fell 31-3/4 cents to $10.33-3/4 per […] Read more
Canadian Cattlemen Presents: Depth of Field
