Chicago | Reuters — Chicago Board of Trade soybean futures rose for a third consecutive session on Wednesday, hitting their highest in nearly a month on expectations that demand for U.S. supplies will remain strong due to harvest shortfalls in South America, traders said. The crop woes in Argentina and Brazil also lent support to […] Read more
U.S. grains: Export demand boosts soybeans
Corn firm, wheat weak
Fuel prices may remain high beyond Russian invasion, expert says
MarketsFarm — The decision by the U.S. to halt the import of Russian petroleum products due to the country’s invasion of Ukraine created sticker shock at the pumps in North America — but an end to that invasion would not necessarily mean an end to high fuel prices. On March 15, the average price of […] Read more
U.S. grains: Wheat up on Russian export suspension, U.S. drought
Corn futures firm, soy down
Chicago | Reuters — Chicago Board of Trade wheat futures gained on Tuesday, supported as export curbs by Russia fuelled concerns about global supply, while traders see the recent decline as an opportunity for bargain buying. Soybeans fell in reaction to investor worries that renewed coronavirus outbreaks in China could curb demand, while corn traded […] Read more
Good and bad in livestock outlook
Reading Time: < 1 minute “It will be another year of split margins in the cattle sector — positive for cow-calf and pressured for feedlots,” says a new forecast from Farm Credit Canada. The report also predicts higher prices for pigs but that feed costs for farrow-to-finish operations in the West mean “some profitability challenges may be present.” Not surprisingly, […] Read more
China blocks Lithuanian beef, dairy, beer as Taiwan row grows
Canada seeks to join EU trade case against China
Beijing/Vilnius | Reuters — China suspended imports of beef, dairy and beer from Lithuania this week, Lithuania’s veterinary control agency said on Thursday, amid a growing trade dispute over the Baltic nation’s relations with Taiwan. China’s General Administration of Customs had informed the country it was halting the exports due to “lack of documentation,” the […] Read more
U.S. grains: South American dryness lifts soybeans, corn
Wheat also up
Chicago | Reuters — Chicago soybean futures on Monday rose to eight-month highs, underpinned by concerns over possible reduced supplies from weather-damaged South American harvests. Corn also climbed on South American dryness, while wheat followed higher. Markets are also positioning ahead of world grain and oilseed supply and demand forecasts from the U.S. Department of […] Read more
Pork industry looks ahead from turbulent 2021
Pork prices expected to stay elevated in 2022
MarketsFarm — Labour shortages caused by the COVID-19 pandemic, high feed costs and lower prices posed constant threats to Canada’s hog industry in 2021. Nevertheless, pork appears to be in a good spot entering 2022, according to two analysts. “2021 was not the best, but not the worst,” said Tyler Fulton, director of risk management […] Read more
U.S. grains: Soybeans rise on South American crop shortfall
Corn, wheat also up
Chicago | Reuters — U.S. soybean futures were steady to mostly higher on Friday near an eight-month peak as some traders pocketed profits from strong gains this week, but the market remained underpinned by concerns about weather-reduced yields in South America. Corn was also steady to firmer, while wheat futures rose in a short-covering and […] Read more
U.S. grains: Corn sags on export worries
Soy ends lower after volatile session
Chicago | Reuters — U.S. corn futures fell on Thursday on profit-taking after this week’s multi-month highs and worries about export demand after China canceled a purchase of U.S. supplies, traders said. Wheat sagged on poor weekly export data and a lack of fresh supportive news while soybean futures posted modest losses after a volatile, […] Read more
U.S. grains: Soybeans up as Brazil crop estimates shrink
Corn, wheat futures rise
Chicago | Reuters — U.S. soybean futures rose to a seven-month high Tuesday on fears that a smaller-than-expected Brazilian harvest will tighten global soy stocks and steer export demand to U.S. supplies, analysts said. Corn futures followed soybeans higher and wheat firmed on bargain-buying after a three per cent dip a day earlier. The grains […] Read more
Cyber-Savvy Farmer
