(File photo by Dave Bedard)

Canola fund short position grows

Funds also net short in U.S. wheats

MarketsFarm — The managed money net short position in canola grew in early May as fund traders were busy liquidating long positions and moving more money to the short side of the market, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 2, the net […] Read more

CBOT July 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chicago soy dips, corn flat as planting progresses

No agreement yet to extend Ukrainian export shipping

Mexico City | Reuters — Chicago soybeans ended down and corn was flat on Monday, as U.S. planting progressed ahead of last year and uncertainty over whether Ukraine’s safe shipping agreement for grain exports will be extended with the deal set to expire on May 18. Corn, one of the crops exported out of Ukraine, […] Read more


CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)

U.S. livestock: Hog futures extend losing streak

Feeder cattle turn higher on bargain buying

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for the fourth straight session on Monday, with the most-active June contract hitting a new low, with traders focused on cash market weakness and light demand for pork. In CME cattle futures, feeder cattle contracts rebounded from six straight losing sessions on some bargain […] Read more

CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chicago grains end week up as no new Black Sea ships authorized

Markets also have eye toward U.S. crop report

Mexico City | Reuters — Chicago grains and soy ended the week higher on Friday as hopes dimmed for the renewal of a U.N.-brokered deal allowing the safe Black Sea exports of Ukraine grain. Ukraine, Russia, Turkey and the United Nations failed to reach an agreement to authorize any new vessels to carry out Black […] Read more


CME June 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Weak pork demand knocks lean hogs to contract lows

June live cattle up; feeder cattle down

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures sank to contract lows on Friday on concerns over anemic U.S. demand for pork, analysts said. The dramatic price decline fueled projections among traders that hog farmers may reduce their herds, after losing money for months on each pig they raise. Farmers are grappling with […] Read more

CME August 2023 feeder cattle with 10-, 20- and 30-day moving averages. (Barchart)

U.S. livestock: CME feeder cattle stumble to three-week low

June live cattle, lean hogs also lower

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures slumped to their lowest price in more than three weeks on Thursday, while live cattle futures also eased. Traders said the markets were overbought and pressured by technical selling and long liquidation, after feeder cattle set contract highs last month and front-month live cattle futures […] Read more


Photo: File

Feed weekly outlook: Futures pressure Canadian prices

Some buyers still seeking coverage

MarketsFarm — Prices for feed grains in Western Canada continue to ease off, but seasonal activity isn’t the only reason contributing to the declines. Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta., said futures markets are also playing their part in pressuring feed grain prices. “Especially with the wheat markets due to […] Read more

CBOT July 2023 soft red winter wheat with Bollinger bands (20,2), Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Chicago wheat up on Black Sea deal doubts

Cancelled China sales weigh on corn prices

Mexico City | Reuters — Chicago wheat hit a one-week high and closed up on Thursday as markets cautiously eye developments on the Black Sea grains corridor following a wave of fresh tensions between Russia and Ukraine. Corn clawed back some ground lost early in the day to close nearly flat after news of cancelled […] Read more


CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle extend setback to six-week low

Lean hogs follow cattle futures lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures tumbled to a six-week low on Wednesday, extending a setback from an all-time high last month as technical selling and long liquidation hit the market, brokers said. Losses in equities also pressured cattle futures amid concerns that weakness in the U.S. economy could depress demand […] Read more

ICE July 2023 canola with 20-day moving average and November 2023 canola (yellow open/high/low/close). (Barchart)

ICE weekly outlook: Expect canola to climb higher

Seeding reported underway in southern Alberta

MarketsFarm — As better-than-expected weather across the Canadian Prairies is very likely to spur on farmers to begin their spring seeding, the market is poised to push higher over the next couple of months, according to an analyst. “We have come down to the low end of the range,” said David Derwin, commodity futures advisor […] Read more