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Prairie cash wheat: Choppy U.S. futures lead to mixed bids

MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as choppy activity in U.S. futures spilled into the cash market. The futures traded within a wide range during the week, with the Minneapolis March spring wheat contract hitting its highest level in three weeks at one point before falling […] Read more

U.S. grains: Soybeans firm as South American crops struggle

Corn, wheat futures also higher

Chicago | Reuters — Chicago soybean futures ended higher on Friday as continued dryness in South America threatened to stress the crop in Brazil and Argentina, while strong export demand strengthened corn and wheat. Chicago Board of Trade’s most-active soybean futures added 7-3/4 cents to $11.91-3/4 a bushel, ending the week up 10-3/4 cents for […] Read more

U.S. livestock: Live cattle futures trim as traders weigh weak exports

Lean hogs down with pork export figures

Chicago | Reuters — Live cattle futures fell on Friday on profit-taking during a shortened holiday-trading day, while less-than-stellar weekly beef exports added pressure to livestock futures overall, traders said. Chicago Mercantile Exchange February live cattle futures fell for the first time in the past five trading sessions, ending the day down 0.925 cent at […] Read more

Canadian Financial Close: C$ strengthens

By MarketsFarm WINNIPEG, Nov. 27 (MarketsFarm) – The Canadian dollar was stronger on Friday, as investors backed away from the United States dollar in favour of riskier assets. Activity was somewhat thin, with many participants keeping to the sidelines due to the U.S. Thanksgiving holiday. The Canadian dollar closed at US$0.7701 or US$1=C$1.2985, which compares […] Read more

North American Grain & Oilseed Review

WINNIPEG, Nov. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed stronger on Friday, regaining the losses incurred earlier in the week. Chicago soyoil moved higher after markets reopened from the United States Thanksgiving holiday. Nearby soyoil contracts were up by about half of a cent on the day. Strength in the Canadian dollar […] Read more

China’s coronavirus testing chokes beef trade

Additional inspections, disinfections costly for importers

Beijing | Reuters — In a supermarket in downtown Beijing, refrigerator shelves normally filled with steak from around the world sit empty as tougher testing for the novel coronavirus creates supply bottlenecks and raises prices for importers. Fresh supplies of beef won’t arrive for days, a salesman at the Carrefour outlet told Reuters — […] Read more

Cattle markets remain in recovery mode

Prime Cuts with Steve Kay

The market for fed cattle in the U.S. is now out of intensive care. But it remains in recovery mode after the COVID-19 pandemic had an impact on cattle prices from mid-April through mid-July. Prices advanced US$7.05 per cwt live (based on USDA’s five-area steer average) in the four weeks to the week ended October […] Read more

ICE Canola Midday: Prices stronger midday Friday

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, bouncing back after yesterday’s losses. United States markets reopened overnight but will close early today. Chicago soyoil was up considerably in early trade, which gave canola prices a boost. Nearby contracts were up by over six tenths […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Nov. 27 (MarketsFarm) – The Canadian dollar was stronger Friday morning, moving past major chart points. However, activity in the currency markets remained thin with many participants in the United States keeping to the sidelines for an extended Thanksgiving break. At 8:47 CST Friday morning the Canadian dollar was at US$0.7701 or […] Read more