Chicago | Reuters — Chicago soybeans slipped on Thursday after a seven-month peak a day earlier, while corn eased as traders set recent storm damage against generally strong prospects for harvest yields. Wheat ended higher as traders digested competing signals for global supply. The most-active soybean contract on the Chicago Board Of Trade closed down […] Read more
U.S. grains: Corn, soy ease as harvest, export prospects weighed
Wheat ends higher after mixed trade
U.S. grains: Soybeans touch seven-month high on export optimism
Wheat stays firm on demand
Chicago | Reuters — Chicago soybean futures climbed to a seven-month high on Wednesday on U.S. export optimism and concerns over continued dryness across parts of the U.S. Midwest, traders said. Chicago corn edged lower, as a Midwest crop tour estimated higher yields, offsetting storm damage concerns in Iowa. The most active soybean contract on […] Read more
Brandon pork plant’s exports to China suspended
Chinese protocols call for temporary pause, Maple Leaf says
New Chinese rules for exporters and a number of COVID-19 cases among its workers have led Maple Leaf Foods to temporarily halt pork traffic to China from its biggest hog plant. The company said Tuesday it has “temporarily suspended pork exports to China on a voluntary basis due to recent protocols adopted by the Chinese […] Read more
U.S. livestock: Live cattle gain as slaughter rates, beef exports rise
October lean hogs up three-quarters of a cent
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures continued to rally Thursday, holding to a nearly six-month peak in prices, as exports to China also grew, traders said. China was a big buyer of U.S. beef in the latest week, with sales of 1,927 tonnes for the period through Aug. 6, the most […] Read more
U.S. grains: Exports, storm damage offset big crop outlook
Corn, soy prices buck USDA forecasts; wheat rises on corn rally
Chicago | Reuters — Chicago corn prices surged to a four-week high on Thursday as forecasts of warmer weather and worries over recent storm damage in the U.S. Midwest countered pressure from huge government harvest forecasts. The corn rally also boosted wheat, as traders continue to debate how much impact the drought hammering Argentina’s farm […] Read more
U.S. livestock: Live cattle set five-month high, beef prices rise more
USDA cuts pork production forecast
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures leapt to a five-month high on Wednesday and feeder cattle futures neared a six-month peak as boxed beef prices continued to rise. Meatpackers are paying more for cattle due to the strength of the beef market, traders said. Prices typically rise heading into Labour Day, […] Read more
CBOT weekly outlook: Bearish USDA report generates bullish reaction
MarketsFarm — There were marked increases in yields for U.S. corn and soybeans that bested market expectations in the supply and demand report from the U.S. Department of Agriculture (USDA). Despite those increases, corn and soybean futures on the Chicago Board of Trade (CBOT) didn’t react as anticipated. “We’re getting a friendly reaction to bearish […] Read more
Canadian canola prices spike as shippers find back door to China
'Profits are extravagant... It is like gold oil now'
Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more
Mystery seeds from China prompt warning
Reading Time: < 1 minute People are being warned not to plant seeds from unsolicited packages arriving in the mail, apparently from China. Hundreds of Canadians, and thousands of Americans have received packets of seeds in the mail in recent weeks. It’s suspected it may be a ‘brushing’ scam (a way to boost online sales). Authorities are warning people not […] Read more
Canada says requirements for Huawei exec’s extradition to U.S. met
Reuters — Canada’s attorney general says the requirements for extraditing Huawei chief financial officer Meng Wanzhou to the United States on charges of bank fraud have been met, documents submitted in a British Columbia court show. Meng, 48, was arrested in December 2018 on a warrant from the United States, which alleges that she misled […] Read more
Cyber-Savvy Farmer
