Chicago | Reuters — U.S. corn futures fell 1.5 per cent on Wednesday, with investors shedding risky assets as concerns about the global economy spilled over into the grain markets. Forecasts for some rain in key growing areas of the U.S. Midwest in the coming weeks added to the pressure on the corn market and […] Read more
U.S. grains: Corn, soybean futures fall
Input Capital cuts costs as delayed sales lift Q3 profit
A hostile canola export market has left “commodity streaming” firm Input Capital paring back its staff count and halting its sales and marketing efforts. The publicly traded Regina company on Tuesday booked adjusted net income of $1.06 million on $4.95 million in adjusted total revenue for the quarter ending June 30, up from about $249,000 […] Read more
U.S. livestock: Lean hogs end mixed as trade gauges trade war impact
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures were mixed on Friday in choppy trading as investors weighed rising pork prices against weak cash hog values and rising concerns about pork exports to China. Spread trading steered some contracts up sharply while others, including actively traded October and December futures, retreated. “Spreads […] Read more
U.S. grains: Soy firm, corn mixed ahead of USDA report
Chicago | Reuters — U.S. soybean futures jumped to a 1-1/2-week high on Friday and posted their first weekly gain in a month, lifted by technical buying and short-covering amid concerns that dry U.S. Midwest weather would limit crop production. Corn and wheat were mixed as investors squared positions ahead of an eagerly awaited U.S. […] Read more
U.S. livestock: Lean hogs rally for second day
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures posted strong gains for a second consecutive session Thursday, lifted by short-covering and technical buying following the market’s recent drop. Rising pork prices and solid pork exports supported the market, largely diluting concerns over U.S. trade tensions with China, the world’s top hog and […] Read more
Government aid may be needed for canola growers, says analyst
China situation will drag on and stocks of unsold canola will continue to mount, says trade expert
Reading Time: 3 minutes With no end in sight to China’s ban on their biggest money-making crop, Ottawa may have to offer financial aid to canola growers, says an ag trade expert. “There will likely be discussions of compensation for canola farmers,” said Sarah Pittman, a policy analyst with the Canada West Foundation in Calgary. “I’m not sure we […] Read more
U.S. grains: Soy, corn close higher
Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there remained ongoing concerns in the […] Read more
U.S. livestock: Lean hogs bounce after sell-off, cattle also rise
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rallied as much as four per cent on Wednesday in a technical buying and short-covering bounce following a string of losses triggered by worries over exports to China. The world’s largest hog and pork market has threatened to halt all U.S. agricultural product purchases […] Read more
CBOT weekly outlook: Market bearish ahead of WASDE
MarketsFarm — Prices for commodities on the Chicago Board of Trade have been “under pressure and on the defensive” due to the lingering trade war between the U.S. and China, improved weather, and an unclear picture of planted acres. “Less threatening U.S. weather, coupled with the lack of China buying U.S. agriculture products, have definitely […] Read more
U.S. livestock: Lean hogs tumble on worsening U.S.-China trade ties
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell sharply on Tuesday as growing tensions between Washington and Beijing fueled worries about U.S. pork exports. China, the world’s largest hog and pork market, has threatened to halt all purchases of U.S. agricultural products after U.S. President Donald Trump announced he would slap […] Read more