U.S. grains: Corn gains on firm cash market, rain-delayed planting — April 23, 2014

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Chicago | Reuters – U.S. corn futures advanced for a second straight session on Wednesday, adding more than one per cent on firm cash markets and as cooler and wetter weather in the central U.S. stalled planting of the crop in the western corn belt. Soybeans were mixed, with nearby prices pressured by spread trading […]


CP, CN book higher Q1 grain revenue, smaller grain handle — April 23, 2014

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First-quarter revenue from grain handling is up at both Canadian Pacific (CP) and Canadian National (CN) Railways as the two companies both reported higher overall quarterly profit. CP on Tuesday booked overall first-quarter net income of $254 million on revenues of $1.509 billion for the period ending March 31 — the company’s best-ever Q1 result, […]


Barclays joins retreat from commodities as new rules bite — April 22, 2014

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London | Reuters – Barclays will quit most of its commodities trading businesses, joining a broader retreat by banks as profits tumble in the face of tougher regulation. The British bank’s exit means three of the top five banks in commodities have significantly reduced or shuttered their natural resource trading arms since last summer, with […]


CME Group overhauls daily grain price limits — April 22, 2014

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Chicago | Reuters – CME Group Inc., the world’s largest futures market operator, said Tuesday it will overhaul the system for setting daily price limits for U.S. grain and oilseed futures to reflect fluctuations in crop prices. Starting on May 1, CME, owner of the Chicago Board of Trade (CBOT) and other exchanges, will apply […]


U.S. grains: Corn rises on planting delays; soybeans sink — April 22, 2014

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Chicago | Reuters — U.S. corn futures jumped on Tuesday as concerns about slow planting progress helped fuel a rebound from sharp losses the previous session, while soybean futures tumbled on increased imports into the U.S. Weather took centre stage for the corn market as traders worried rains may prevent farmers from making progress in […]


U.S. livestock: Solid beef demand drives CME live cattle higher — April 22, 2014

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures on Tuesday gained, supported by short-covering sparked by strong demand for beef at wholesale, traders and analysts said. Tuesday morning’s wholesale choice beef price, or cutout, climbed $2.26 per hundredweight (cwt) from Monday to $231.32 (all figures US$). Select cuts rose $1.23 to $219.30, based […]


Less wheat, more canola expected in Canada — April 21, 2014

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CNS Canada – Canadian farmers are expected to seed less wheat and more canola in 2014, according to average trade guesses ahead of Statistics Canada’s planting intentions report due out Thursday. “Compared to last year, we’ll see less wheat,” said Jon Driedger of FarmLink Marketing in Winnipeg, estimating spring wheat area could be down by […]


CWRS wheat prices down as basis widens — April 21, 2014

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CNS Canada – Cash bids for Canada Western Red Spring (CWRS) wheat eased during the week ended Monday, as U.S. wheat futures were weaker and basis levels widened. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $192 per tonne, or $5.32 per bushel, […]


U.S. grains: Markets sink on improved weather, fund selling — April 21, 2014

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Chicago | Reuters – U.S. wheat futures fell the most in more than a year on Monday as rains expected in the drought-stricken U.S. Plains raised hopes for the upcoming harvest. Improved weather also pressured corn and soybean futures amid projections for accelerated plantings in the U.S. Midwest. Technical and fund selling helped drive losses […]


U.S. livestock: Hog futures sink two per cent with sagging cash prices — April 21, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog futures tumbled two per cent on Monday, pressured by lower prices for market-ready or cash hogs, traders said. The morning’s average of hogs in the eastern Midwest dropped $1.02 per hundredweight (cwt) from Friday to $110.56, according to the U.S. Department of Agriculture (all figures US$). Hog […]