Chicago | Reuters — Cattle futures jumped at the Chicago Mercantile Exchange on Wednesday, bouncing off June lows hit this week on larger-than-expected U.S. supply numbers. Futures prices collapsed on Monday after the U.S. Department of Agriculture, in a report issued after markets closed on Friday, said that producers placed more cattle than expected into […] Read more
U.S. livestock: CME cattle, hogs rebound after recent losses
'Monday's washout was probably a bit overdone'
U.S. grains: Corn, soy, wheat futures sag as beneficial rains hit South America
Rains benefit Argentina's core farmland
Chicago | Reuters — U.S. grain and soybean futures ended lower on Wednesday as favourable rains reached crop belts in South America and the U.S., analysts said. Traders are watching global weather after drought has hurt crop production in Argentina and the U.S. Plains and slowed soybean plantings in Brazil. South American conditions are particularly […] Read more
Carbon tax exemption bill C-234 clears Senate committee
Divided senators defeated an amendment to make it more difficult to extend the bill's sunset clause
In final committee deliberations on Oct. 24, an amendment that would make it more difficult to extend the bill’s sunset clause was defeated with a tied vote.
Little change in AAFC’s October supply/demand outlook
Canola, wheat, pea carryout estimates unchanged
MarketsFarm — Supply/demand estimates for Canadian grains and oilseeds saw little change in the latest outlook for principal field crops from Agriculture and Agri-Food Canada (AAFC) released Monday. Canola ending stocks for 2023-24 were left unchanged at one million tonnes, which compares with the 2022-23 level of 1.506 million tonnes. Canadian canola exports in 2023-24 […] Read more
Pulse weekly outlook: Activity to ramp up for chickpeas
'Quality was good, yields were lower'
MarketsFarm — Things are quiet right now on the chickpea front, but that could change in a few weeks, according to Jake Hansen of Mid-West Grain in Moose Jaw. “I think everyone’s getting prepped and ready for Argentina’s harvest, but it’s quiet,” he said. “There’s still movement on previous contracts, but not a lot of […] Read more
U.S. livestock: Cattle futures set June lows at CME
Lean hog futures touch contract lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit their lowest levels since June on Tuesday, as the market continued to digest larger-than-expected U.S. supply numbers. The market stabilized, however, after the February contract on Monday tumbled by the exchange-imposed daily trading limit. Trading limits for live cattle will revert back to the […] Read more
U.S. grains: Corn dips on harvests, technical selling
CBOT soymeal climbs to seven-month high; Chinese ag companies sign U.S. purchase deals
Chicago | Reuters — Chicago Board of Trade corn futures fell for a third straight session on Tuesday and neared a two-week low under pressure from U.S. harvesting and technical selling, analysts said. Wheat futures also eased, while soybeans and soymeal jumped. A quick harvest pace for U.S. corn and soy is expected to continue […] Read more
Klassen: Feeder market vulnerable to weakness
Placements higher than expected
Compared to last week, western Canadian yearling markets traded $3-$5 on either side of unchanged. Prices for 800-plus-lb. yearlings were firm in Manitoba but softened in western regions. Calf prices were relatively unchanged from week-ago levels. There were larger volumes of calves on offer with many auction barns holding feature sales. The increase in supplies […] Read more
U.S. livestock: CME cattle sink to June lows
Lean hogs set contract lows
Chicago | Reuters — Chicago Mercantile Exchange cattle futures plunged to four-month lows on Monday under pressure from bigger-than-expected placements into U.S. feedlots last month. Lean hog futures set contract lows. The U.S. Department of Agriculture, in a monthly report issued after trading ended on Friday, said placements of cattle in feedlots during September totaled […] Read more
U.S. grains: Soybean, corn futures weaken as harvests progress
CBOT wheat rises on bargain buying
Chicago | Reuters — Chicago Board of Trade soybean futures finished lower on Monday as advancing U.S. harvests uncovered strong yields and increased farmers’ sales of their crops, analysts said. Pressure from harvests also hung over corn futures. U.S. farmers have finished harvesting 76 per cent of the country’s soybeans and 59 per cent of […] Read more
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