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CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Bearish supply outlooks spark selling in corn, soy, wheat

Wheat outlooks in Canada, Russia, Australia bearish

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Chicago | Reuters — U.S. soybean futures fell for the fourth day in a row to their lowest since June 30 as expectations kept building that growing supplies will outstrip demand even as top buyer China steps up its purchases, traders said. A bearish supply outlook also pressured wheat futures, which dropped to a one-month […] Read more
CME October 2020 lean hogs with 20- and 50-day moving averages and Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. livestock: Hog futures rise on good cash market demand

October live cattle close lower

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Friday on signs of strength in the cash market after prices had stagnated, traders said. “Recent price weakness uncovered fresh demand, triggering buying on the board this morning that tripped buy stops, accelerating gains,” StoneX chief commodities economist Arlan Suderman wrote in a note […] Read more
CBOT September 2020 wheat (candlesticks) with MGEX September 2020 wheat (green line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, soy futures fall on bearish supply view

Chicago corn steadies

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Chicago | Reuters — Chicago Board of Trade wheat futures sank 1.9 per cent on Thursday to their lowest in nearly a month, their third decline in four sessions, with expectations for rising global supplies pushing prices lower, traders said. Corn futures steadied after hitting fresh contract lows on Tuesday, with the outlook for massive […] Read more
KFC Canada says it will launch its ‘Plant-Based KFC’ sandwich nationwide Aug. 10. (CNW Group/KFC Canada)
Crops

Plant-based near-chicken on KFC’s Canadian menu to stay

Maple Leaf's Lightlife arm to make 'Plant-Based KFC' sandwich

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Updated, Aug. 18: Consumers’ response to a single-day test of plant-based near-chicken menu items in Mississauga last year has led KFC Canada to add the product, full time, to its menu nationwide. The Canadian arm of the Yum Brands-owned chicken chain announced Wednesday its ‘Plant-Based KFC’ sandwiches will be available permanently at its stores across […] Read more
(File photo by Lisa Guenther)
Corn, Crops, Markets, Reuters

Corteva posts weak revenue, disappointing outlook

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Reuters — Corteva Inc. on Wednesday missed analysts’ expectations for second-quarter revenue and its reinstated full-year forecast came in below estimates, sending the seed and pesticide producer’s shares down as much as nine per cent in extended trade. Good weather and higher planted area shifted corn volumes in North America to the first quarter, while […] Read more
File photo of an Alberta wheat field. (ImagineGolf/E+/Getty Images)
Crops, Markets, Weather

Crop tour suggests record-large wheat harvest ahead

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Winnipeg | Reuters — Canadian farmers are on track to harvest a record-large all-wheat crop, and more canola than last year, due mainly to favourable crop conditions, advisory service FarmLink Marketing Solutions estimated Wednesday. The Winnipeg-based company’s staff toured western Canadian fields during the last two weeks of July. “We expected a big crop and […] Read more
ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Weaker U.S. dollar ripples into canola

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MarketsFarm — As the Canadian dollar continues its rise, the adverse effects on canola could become more pronounced, according to Errol Anderson of ProMarket Communications in Calgary. Anderson’s expectations are for the loonie to hit a range of 75-77 U.S. cents, which could see canola drop $5-$10 per tonne. “The loonie, even though our economy […] Read more
The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Corn, Crops, Markets, Soybeans, Weather

CBOT weekly outlook: Benign weather keeps corn, soybeans pointed down

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MarketsFarm — Good U.S. Midwestern weather should keep the bias to the downside in corn and soybean contracts at the Chicago Board of Trade over the next few weeks, according to an analyst. Corn hit fresh contract lows on Tuesday before showing some recovery Wednesday, but “it’s not looking like it’s hit a bottom just […] Read more
A general view of damage at the site of Tuesday’s blast in Beirut’s port area on Aug. 5, 2020. (Photo: Reuters/Mohamed Azakir)
Crops, Reuters

After blast, Lebanon has less than a month’s grain reserves

Beirut port silos had capacity for 120,000 tonnes; about 15,000 tonnes were stored at time of blast

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Beirut/Dubai | Reuters — Lebanon’s main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month’s reserves of the grain but enough flour to avoid a crisis, the economy minister said on Wednesday. Raoul Nehme told Reuters a day after Tuesday’s devastating explosion that Lebanon needed reserves […] Read more

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