MarketsFarm — While extreme weather differences in Brazil remained the main focus of the Chicago Board of Trade’s attention, increased imports by China were becoming another major factor, according to Terry Reilly, senior agricultural specialist for Marex in Chicago. “People are watching China’s increased demand for soybeans, wheat and potentially corn,” Reilly said, noting the […] Read more
CBOT weekly: Mostly bullish influences on soy, corn, wheat
China increasing imports, Brazil in weather bind
ICE weekly outlook: Canola prices could rebound
'There's nothing all that exciting to look at'
MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume. […] Read more
U.S. grains: Chicago wheat finishes higher on short covering
Soybeans nearly unchanged, drought in Brazil looms over production
Chicago | Reuters — Chicago wheat futures climbed more than two per cent on Wednesday, extending gains from the previous session as traders covered their short positions ahead of month-end and first notice day for the spot December contract. Soybeans retreated in early trading before recovering as traders accessed adverse crop weather in Brazil. Corn […] Read more
U.S. livestock: CME cattle gain for second straight day after selloff
Chicago lean hog futures also firm
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose for a second consecutive session on Wednesday on short covering and follow-through technical and bargain buying after the market plunged to multi-month lows to start the week. Improving packer margins and futures’ steep discount to cash cattle prices also supported the market following the fund-selling […] Read more
Prairie Forecast: Quiet, mild start to December
Issued Nov. 29, covering Nov. 29 to Dec. 6
The last forecast played out pretty close to what the weather models were predicting, with one small deviation: temperatures ended up being about 2 to 4 C warmer than forecasted. This will be something to keep in mind as we look at this week’s forecast. The forecast is looking rather quiet for this time of […] Read more
Senate strikes down C-234 amendment, introduces another
Conservatives table motion in the House of Commons to call for Senate to pass bill
Hours after the Senate struck down an amendment some feared would kill Bill C-234, another amendment was introduced, Tuesday evening.
Bill C-234 proposes to exempt from the price on carbon propane and natural gas used on farm to dry grain or heat barns and greenhouses.
Delayed by war, Gaza’s olive harvest is too little, too late, say farmers
'The majority of the harvest was wasted'
Gaza | Reuters — Farmers in Gaza were taking advantage of the truce between Israel and Hamas to harvest what was left of their olives after weeks of fighting during which they dared not go to their lands for fear of getting killed. In a normal year the harvest would have started weeks earlier, but […] Read more
Pulse weekly outlook: Green lentils show strength, reds lag
Green lentil sales limited as farmers bullish
MarketsFarm — Green lentil bids in Western Canada are trading at their highest levels of the past year, with solid new-crop pricing opportunities already becoming available. Spot bids for large green lentils can currently be found in the 60 to 72 cents/lb. area, according to Prairie Ag Hotwire data, with new-crop contracts hitting 50 cents […] Read more
U.S. grains: Soybeans up on Brazilian heat, export demand
Wheat moves higher; corn slumps on ample supplies
Chicago | Reuters — Chicago soybean futures climbed more than one per cent on Tuesday on concerns that scorching weather conditions in South America were taking a toll on crops, while the market also drew support from a fresh round of private sales by U.S. exporters. Chicago Board of Trade (CBOT) wheat also rose more […] Read more
U.S. livestock: CME cattle up on short covering, discount to cash
Short covering also lifts CME hogs
Chicago | Reuters — Chicago Mercantile Exchange cattle futures surged on Tuesday in a short-covering rebound from multi-month lows in the prior session, supported by the market’s steep discount to cash market prices. Feeder cattle futures rose by as much as the daily trading limit, triggering expanded limits for both feeders and live cattle for […] Read more
Canadian Cattlemen Presents: Depth of Field
