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CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn tops $7 for first time since 2013 in most-active contract

High corn prices are not destroying demand, Bunge CEO says

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Chicago | Reuters — U.S. corn futures on Tuesday topped US$7 a bushel in the most-active contract for the first time since 2013 as unfavourably dry crop weather in Brazil kept attention on tightening global supplies. Surging prices have done little to curb robust demand for corn used to feed livestock and produce ethanol, opening […] Read more
Barley south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Barley, Crops, Markets

Feed weekly outlook: Solid exports support domestic barley market

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MarketsFarm — Canada has already exported more barley through the first two-thirds of the 2020-21 marketing year than in any full crop year in over a decade. That solid export pace is keeping domestic prices well supported, with an increase in seeded area in 2021-22 expected. Export data from the Canadian Grain Commission through March […] Read more
CBOT May 2021 corn (candlesticks) with 20- and 40-day moving averages (yellow and orange lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy climb to multi-year highs

Tight supplies, weather woes supportive; wheat also up

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Chicago | Reuters — U.S. corn and soybean futures climbed to multi-year highs on Wednesday, supported by firm cash markets as old-crop supplies dwindle and weather issues threaten prospects for the 2021 harvests, analysts said. Wheat futures also rose, drawing additional support from frosty temperatures in the Plains and Midwest. Chicago Board of Trade May […] Read more
CBOT May 2021 corn (candlesticks) with 20-day moving average (yellow line) and December 2021 corn (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn up on weather outlook, weaker dollar

CBOT May wheat down, K.C. May wheat up

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Chicago | Reuters — U.S. corn futures rose on Monday, flirting with multi-year highs set last week, as forecasts for frosty weather and precipitation raised concerns about the pace of planting and germination, analysts said. A weaker dollar lent support, theoretically making U.S. grains more competitive globally. Soybeans followed corn higher, but wheat was choppy, […] Read more
ICE July 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark yellow and green lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: For canola, the only certainty is volatility

"The market has to feel comfortable there’s a crop on the way"

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MarketsFarm — After starting this week with losses, canola bounced back with back-to-back gains, raising prices by more than $20 per tonne for old-crop after falling back $4-$5 on Monday. Errol Anderson, an analyst with ProMarket Communications in Calgary, emphasized there will be a good amount of volatility in the markets, with wide swings possible […] Read more
Chickpeas. (Grigorenko/iStock/Getty Images Plus)
Crops, Markets, Pulses, Weather

Pulse weekly outlook: Seeding numbers may exceed USDA expectations

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MarketsFarm — The U.S. Department of Agriculture’s (USDA) prospective plantings report, delivered March 31, provided a mixed bag for pulse growers in that country as far as the numbers are concerned. Some analysts, however, believe the actual acres seeded will top USDA’s projections. Increasing demand from China, India and a recovering domestic market have raised […] Read more
CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn eases after WASDE report

Wheat futures firm on tight stocks; soybeans fall on South American production

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Chicago | Reuters — Chicago corn ended lower on Friday after the U.S. Department of Agriculture assessed global supply and demand within analyst estimates. Wheat strengthened as global supply shrank on Chinese feed consumption, while soybeans eased on larger stocks in South America. The most active corn contract on the Chicago Board of Trade ended […] Read more
CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle, lean hogs set new contract highs

June hogs turn lower before close

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Chicago | Reuters — Strong meat demand pushed U.S. live cattle and lean hog futures to new contract highs on Monday. The cattle market benefited from increasing demand for beef as the U.S. is entering the summer grilling season, analysts said. Prices for choice cuts of boxed beef soared by $5.82, to $258.67/cwt, while select […] Read more
(JBSFoodCanada.ca)
Beef Cattle, Hogs, Livestock, Reuters

JBS profit bolstered by weak currency, strong Chinese and U.S. markets

China became third largest beef export market for JBS Canada, company says

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Sao Paulo | Reuters — Meat processor JBS SA’s fourth-quarter profit rose 65 per cent from a year earlier, boosted by strong food sales in China and the U.S. and a sharp devaluation of Brazil’s real currency, the company said in a securities filing on Wednesday. For full-year 2020 its profit was 4.6 billion reais, […] Read more

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