Chicago | Reuters — Chicago wheat futures on Wednesday fell to their lowest point in 18 months on expectations for a Black Sea grains deal and continued poor demand for U.S. exports. “Wheat was down most of the day, initially on talk of corridor extension talks, then off a lackluster WASDE report,” Charlie Sernatinger of […] Read more
U.S. grains: Wheat at 18-month low on Black Sea deal hope
Soybeans boosted by slash to Argentina harvest
U.S. livestock: Feeder cattle highest since 2015 as corn sags
Live cattle mixed, hogs mostly higher
Chicago | Reuters — Front-month feeder cattle futures on the Chicago Mercantile Exchange hit the highest in nearly 7-1/2 years on Wednesday as falling prices for corn signaled cheaper feed costs, traders said. CME April feeder cattle futures settled up 1.4 cents at 200.075 cents/lb. after setting a life-of-contract high of 200.225 cents (all figures […] Read more
Canada reported seeking formal talks with Mexico on GMO rule
U.S. already seeking similar talks
Ottawa | Reuters — Canada has asked for formal consultations with Mexico over its restrictions on genetically modified (GM) agricultural imports under the North American free-trade agreement, Bloomberg News reported Wednesday, citing people familiar with the matter. Canada requested the talks on Tuesday, according to Bloomberg, a day after the U.S. requested formal trade consultations […] Read more
U.S. grains: Wheat rebounds off 17-month low
USDA's new WASDE awaited
Chicago | Reuters — Chicago wheat futures edged higher on Tuesday, consolidating above a 17-month low as the market assessed mixed growing conditions in the U.S. Plains and awaited further direction from U.S. government crop forecasts. Prices were rebounding after dipping below $7 a bushel, Don Roose, president of U.S. Commodities in West Des Moines, […] Read more
U.S. livestock: CME feeder cattle climb to another contract high
April live cattle lower, lean hogs up
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures reached a contract high for a second consecutive session on Tuesday, while live cattle futures retreated from a contract high set a day earlier, brokers said. Reduced U.S. herd sizes due to drought have propelled futures higher recently, though some brokers said supply concerns have […] Read more
U.S. demands formal trade talks with Mexico over GMO corn dispute
U.S. says new rules a breach of CUSMA
Chicago/Washington | Reuters — The United States requested formal trade consultations with Mexico on Monday over U.S. objections to its southern neighbour’s plans to limit imports of genetically modified corn and other agricultural biotechnology products. The U.S. Trade Representative’s office announced the request for technical talks after months of informal discussions with Mexican officials over […] Read more
U.S. grains: Wheat below US$7 on hopes for Ukraine export extension
CBOT corn down, soybeans up
Chicago | Reuters — Benchmark Chicago wheat futures dropped below US$7 per bushel on Monday for the first time in 17 months, pressured by reminders of adequate global supplies and optimism that the safe corridor to export grain from war-torn Ukraine will be extended, traders said. Corn futures also declined. But soybeans rose as Chicago […] Read more
U.S. grains: Soybean, corn futures end week strong
Chicago May wheat falls
Chicago | Reuters — U.S. soybean futures rose for the third consecutive day on Friday, supported by expectations that the soy crop in global supplier Argentina is smaller than estimated because of damage from drought conditions. “Behind the support in the market is the simple fact that this is horrible finishing weather for the soybeans […] Read more
Feed weekly outlook: Barley exports slowing down, local prices steady
Feedlots relatively well covered
MarketsFarm — Canadian barley exports slowed down in January, but out-of-country movement is still running ahead of the year-ago pace, according to updated export data from the Canadian Grain Commission. Canada exported 131,100 tonnes of barley from licensed facilities in January, with China the top customer taking 100,500 tonnes. Total barley exports were well off […] Read more
U.S. grains: Soybeans up on technical bounce
Wheat firm; corn weak
Chicago | Reuters — U.S. soybean futures rose on Thursday, extending their rebound from the one-month low hit this week on a round of technical buying, traders said. “I think we got too cheap too fast and we are seeing a technical recovery,” said Scott Harms, Ag risk specialist at Archer Financial Services. Wheat futures […] Read more
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