Chicago | Reuters — U.S. soybean futures ended higher on Monday as the market recovered from its lowest level since early August, while corn and wheat futures also rose. After trading ended, the U.S. Department of Agriculture reported that soy and corn harvests advanced more slowly last week than analysts expected. The soybean crop was […] Read more
U.S. grains: Soy, corn futures end up
U.S. harvests advance slower than expected
U.S. livestock: CME live cattle slip, but stay near recent highs
December hogs up off three-week low
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange eased on Monday as the market pulled back slightly from life-of-contract highs set last week. The markets remain near their peaks as tight U.S. cattle supplies continue to fuel supply concerns. CME October live cattle futures settled 0.1 cent down at 186.975 cents/lb., […] Read more
Funding set to improve Ontario deadstock removal, disposal
Application intake open as of Sept. 21
Ontario’s livestock producers could see more and improved options for pickup and sustainable disposal of deadstock through a new federal/provincial program now on offer. The Ontario and federal governments on Thursday opened the intake for applications under what they’re calling the Increasing Deadstock Capacity Initiative, budgeted for $1.5 million over two years. The program, to […] Read more
High-path avian flu pops back up in Saskatchewan, Alberta
Canada keeps sights on 'country-level freedom' from virus
Even after 21 months of highly pathogenic avian influenza cases in Canada — including three new cases in domestic birds so far this month — Canada’s “stamping out” policy for the virus remains in effect. Canada’s active caseload of the virus now comes down to just eight of the 325 premises affected since December 2021. […] Read more
U.S. livestock: CME cattle up on bargain-buying, tight supplies
Hogs down in profit-taking
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Friday on tight U.S. cattle supplies and bargain-buying a day after the benchmark December contract hit a one-week low, traders said. CME October live cattle futures settled up 2.1 cents at 187.075 cents/lb. and most-active December ended up 1.85 cents […] Read more
Prairie cash wheat: Harvest pressure, falling U.S. futures weigh on bids
Canadian dollar up on the week
MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as seasonal harvest pressure and losses in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5.30-$8 per tonne across the Prairies, according to price quotes from a cross-section of […] Read more
Funds flip back to net short in canola
Trade remains net long in soybeans, for now
MarketsFarm — The overall fund position in ICE Futures canola flipped from a net long to a net short during the week ended Tuesday, marking the first net short position in the commodity in just over two months, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As […] Read more
U.S. grains: Soybeans end up in bounce from one-month low
Chicago wheat, corn futures firm
Reuters — U.S. soybean futures rose on Friday in a light technical rebound from six-week lows while corn and wheat also ticked higher on bargain-buying, but gains in all three markets were limited by a strong U.S. dollar, analysts said. Chicago Board of Trade (CBOT) November soybeans settled up 2-1/2 cents at $12.96-1/4, bouncing after […] Read more
U.S. livestock: December hogs limit-down on pork prices, macroeconomic fears
Cattle futures follow hogs, equities lower
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange tumbled on Thursday as a drop in wholesale pork prices coupled with worries about the global economy sparked a round of profit-taking, analysts said. Livestock futures, grains and Wall Street equity markets all declined on Thursday as the U.S. dollar set a six-month […] Read more
Russia’s leverage on grain to decline, senior U.S. official says
Attacks on ships may hurt pricing
New York | Reuters — Russia’s leverage over Ukraine’s export of grain via the Black Sea will likely erode in weeks to come as more ships are able to leave Ukrainian ports and rising costs could prompt Moscow to reconsider its abandonment of the grain deal, a senior U.S. State Department official said. James O’Brien, […] Read more
Canadian Cattlemen Presents: Depth of Field
