Markets Archives | Page 2 of 1048

U.S. livestock: Cattle extend climb on robust packer margins

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures advanced for a fourth straight session on Thursday, led by the nearby August contract as robust profit margins for beef packers fueled expectations of strong demand for cash cattle, traders said. “Packers are just raking it in, so the incentive is there to ramp up […] Read more

Canola, Crops, Markets, Reuters

Shut out of China, Canada finds canola buyers in drought-damaged Europe

By Gus Trompiz, Rod Nickel 3 days ago

Winnipeg/Paris | Reuters — Crop-scorching drought in Europe is providing Canadian canola farmers a timely new opportunity to move supplies that have piled up since China stopped buying this year. Rising European sales are taking some of the sting out of losing the Chinese market for Canadian farmers, although ICE canola futures prices are down […] Read more

Crops, Markets, Reuters, Soybeans

China buys U.S. soybeans after declaring ban on U.S. farm goods

By Tom Polansek 3 days ago

Chicago | Reuters — China snapped up a small volume of U.S. soybeans last week after pledging to halt purchases of U.S. farm products due to the escalating trade war between Washington and Beijing, U.S. Department of Agriculture data showed on Thursday. The world’s largest soybean importer struck deals from Aug. 9 to 15 to […] Read more

Global markets

Global Markets: Work to resume on Trans Mountain expansion

By GFM Network News 3 days ago

By MarketsFarm WINNIPEG, Aug. 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Construction on the Trans Mountain pipeline expansion is set to get moving again, as the federally-owned company has issued “notice to proceed” directives to construction contractors. “Construction work will soon begin in communities […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola trade’s eyes on StatsCan report

By Glen Hallick - MarketsFarm 3 days ago

MarketsFarm — Although Agriculture and Agri-Food Canada (AAFC) released its production forecast Wednesday, markets are focused on next week’s production report from Statistics Canada — a survey-based report which should provide a clearer picture of what’s to come. AAFC’s August report kept the canola production estimate at July’s 18.575 million tonnes. “Maybe we’ll see if […] Read more

Crops, Markets, Reuters

U.S. grains: Soybeans up on yield uncertainty

By Julie Ingwersen 3 days ago

Chicago | Reuters — U.S. soybean futures closed higher on Wednesday on technical buying and uncertainty about U.S. yield prospects, analysts said. Corn and wheat futures also firmed, steadying after the benchmark contracts for both grains dipped to three-month lows. Chicago Board of Trade November soybean futures settled up 4-3/4 cents at $8.73 per bushel […] Read more

Livestock, Markets, Reuters

U.S. livestock: CME cattle rise on strong beef demand

By Julie Ingwersen 3 days ago

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday for a third session as strong demand for beef ahead of the Labour Day holiday bolstered margins for meat packers, traders said. CME October live cattle futures ended up 0.225 cent at 100.225 cents/lb., and October feeder cattle settled up 0.9 […] Read more

Crops, Markets, Reuters

Farmer’s threat prompts USDA to pull staff from crop tour

By P.J. Huffstutter, Tom Polansek 4 days ago

Henry County/Chicago | Reuters — The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat came over the phone from an angry farmer. Farmers have complained this month that a government crop report did not reflect damage […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: U.S. grain traders watch yields, demand

By Marlo Glass 4 days ago

MarketsFarm — Soybean and corn prices on the Chicago Board of Trade remain at the behest of geopolitical pressures and questionable crop yields. Terry Reilly, a grains analyst with Futures International in Chicago, said traders are keeping a close eye on the U.S. Pro Farmer tour throughout the eastern Corn Belt region. The tour has […] Read more

Canola, Crops, Markets, Spring Wheat

Canada boosts 2019-20 wheat production estimate

By Phil Franz-Warkentin 4 days ago

MarketsFarm — Canadian wheat production in 2019-20 is forecast to come in at 500,000 tonnes above an earlier forecast, according to updated supply/demand tables released Wednesday from Agriculture and Agri-Food Canada. Wheat ending stocks were also raised in the report, while adjustments to the canola tables led a slight reduction to the still record-large carryout […] Read more

Japan set to grant TPP-level access for U.S. beef, pork

New EU import curbs on fruit not Canada-specific

U.S. livestock: CME hogs limit down as trade war heats up

GFM Network News