U.S. livestock: Profit-taking undercuts CME live cattle — August 19, 2014

Posted

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, weighed down by profit-taking that pared morning gains and snapped the market’s three-day winning streak. August live cattle ended 1.1 cents per pound lower at 150.5, and October down 1.325 cents at 147.225 cents (all figures US$). CME live cattle spiked […]


Poland asks EU to complain to WTO over Russian embargo — August 19, 2014

Posted

Warsaw | Reuters — Poland has asked the European Commission to lodge a formal complaint to the World Trade Organization (WTO) over a Russian ban on EU food products that has hit Poland particularly hard, the Polish economy ministry said Tuesday. The Commission has so far been cautious about taking the embargo case to the […]


U.S. grains: Wheat rises on Ukraine supply concerns — August 19, 2014

Posted

Chicago | Reuters — U.S. wheat futures advanced on Tuesday on concerns about reduced supplies from Ukraine, a major exporter, while new-crop soybeans slipped as a widely watched crop tour projected bumper U.S. harvests. Traders focused on Ukraine, expected to be the world’s second-largest grain exporter in the 2014-15 marketing year, as a spokesman for […]


Trade’s crop estimates for 2014 optimistic despite flooding — August 19, 2014

Posted

CNS Canada – Despite summer flooding on the eastern Prairies and generally late seeding, 2014-15 crop production across much of Western Canada looks reasonably robust, several agricultural analysts say. Statistics Canada on Thursday will release its first survey-based production estimates for the country, using data gathered in late July during the height of flooding problems […]


Russia seeks ways to soften import bans’ impact — August 18, 2014

Posted

Moscow | Reuters – Russia will allow imports from neighbouring Belarus and Kazakhstan of food processed from Western raw materials, as Moscow seeks to damp down domestic food price rises triggered by its ban on food imports from the West. On Aug. 7, Russia banned all meat, fish, dairy, fruit and vegetable imports from the […]


EU fruit, veg growers get $180M to help with Russia ban — August 18, 2014

Posted

Brussels | Reuters — The European Union’s fruit and vegetable growers will get financial aid of up to 125 million euros (C$181.9 million) to help them cope with Russia’s ban on most Western food imports, which has created a glut of produce in peak harvest time, the European Commission said. Russia has declared a one-year […]


U.S. livestock: CME live, feeder cattle up third straight day — August 18, 2014

Posted

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures on Monday finished higher for a third session in a row, supported by spillover short-covering from late last week, traders said. August live cattle ended one cent per pound higher at 151.6, and October was up 0.8 cent at 148.55 cents (all figures US$). Futures […]


U.S. grains: Wheat dips on easing Black Sea fears — August 18, 2014

Posted

Chicago | Reuters – U.S. wheat futures slid on Monday, giving back some of the strong gains made in the previous two sessions as fears of potential supply disruptions from the Black Sea region eased. New-crop corn futures dropped as a private U.S. crop tour reported large yield potential, while soybeans inched higher. Tensions between […]


U.S. railcar crunch makes crop storage critical: CHS chief — August 17, 2014

Posted

Chicago | Reuters – The U.S. transportation network is inadequate to cope with bumper crops due to be harvested this season, creating a critical role for storage operations, the head of CHS Inc., a leading agricultural co-operative, said Friday. Farmers, who had already struggled with a tight supply of railcars delivering fertilizer this spring, will […]


Klassen: West’s feeder cattle hold value — August 17, 2014

Posted

Western Canadian feeder cattle prices were relatively stable with week-ago levels despite the softer tone in the U.S. market. Limited volumes at most auction markets were met with firm buying interest as feedlot margins remain in positive territory. The fed cattle market in Alberta remains near historical highs, with packers buying steers in the range […]