CNS Canada — Ongoing trade disputes between the U.S. and several other countries might offer short-term opportunities for Canadian peas, but do the overall industry no good, according to the executive director of Saskatchewan Pulse Growers. Carl Potts said ppeas could potentially find access to markets where the U.S. has been shut out, or in […] Read more
Pulse weekly outlook: Peas may find opportunities ahead
U.S. livestock: Cattle, hogs turn up on short-covering
Chicago | Reuters –– Chicago Mercantile Exchange livestock futures ticked higher on Thursday, boosted by short-covering and technical buying after prices probed new lows earlier this week, traders said. Futures for cattle and lean hogs notched narrow gains despite fears of weaker prices in cash markets and a lower trend in wholesale meat values — […] Read more
U.S. grains: Soybeans bounce after hitting new lows on trade war fears
Chicago | Reuters — U.S. soybean futures fell to contract lows on Thursday after the U.S. Department of Agriculture said a trade war with China would curb exports and swell supplies, but the market clawed back those losses late in the session in a short-covering bounce. Corn rallied from earlier contract lows as USDA, in […] Read more
ICE weekly outlook: More downside likely for canola
CNS Canada — ICE Futures Canada canola futures fell sharply lower during the week ended Wednesday, but could still have more room to the downside as the oilseed remains overpriced compared to the slumping U.S. soybean market. Mounting trade tensions between the U.S. and China led to a selloff in Chicago Board of Trade (CBOT) […] Read more
U.S. livestock: Hogs, cattle extend declines on trade war worries
Chicago | Reuters — U.S. livestock futures fell one per cent or more on Wednesday, extending declines on technical selling and fears reduced pork and beef exports could result in burdensome supplies in domestic meat markets, traders and analysts said. Most Chicago Mercantile Exchange lean hog futures contracts slumped to lifetime lows for the third […] Read more
Corn, soybeans may have seen low point for now
CNS Canada — Agricultural markets throughout North America continue to weather a storm of tariffs and uncertain political interventions — and from where one trader sits, prices for corn and soybeans may have seen their low points. “We have gotten back down to recent lows in corn while beans have gotten cheap again,” said Brian […] Read more
U.S. grains: Corn hits contract lows on favourable weather
Chicago | Reuters — U.S. corn futures fell to contract lows on Tuesday on forecasts for crop-boosting rain and milder temperatures in the heart of the U.S. corn belt, with three-quarters of the nation’s crop already in good-to-excellent shape. Wheat futures tumbled more than three per cent on dull export demand and improving spring wheat […] Read more
U.S. livestock: Hogs extend declines on demand worries
Chicago | Reuters — U.S. lean hog futures fell over three per cent on Monday, weighed down by plentiful supplies and worries of weaker demand later this year due to tariffs on imports of American pork in Mexico and Canada, traders and analysts said. Most-active Chicago Mercantile Exchange August hogs sank 2.65 cents to 72.775 […] Read more
U.S. grains: Soybeans fall on China trade woes, good crop weather
Chicago | Reuters — U.S. soybean futures retreated on Monday, giving up more than half of their gains from a bargain-buying rally before the weekend as investors weighed the impact of reduced Chinese demand following Beijing’s tariffs on U.S. supplies. Improved growing conditions in the U.S. Midwest also weighed on soybeans and corn before weekly […] Read more
U.S. grains: Soy rises but fears persist over China trade fight
Chicago | Reuters — U.S. soybean futures surged on Friday as the market recovered a day after nearing a decade low on concerns over the escalating trade war with China. Prices climbed as the U.S. implemented tariffs on $34 billion in Chinese imports and Beijing said it would retaliate with planned duties on products, including […] Read more
Cyber-Savvy Farmer
