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CBOT weekly outlook: Soybeans watch U.S. export sales

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tagged cbot corn futures option soybean futures
CNS Canada -- Corn futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, while soybean futures added gains for the September contract but recorded losses for the November contract. "Everything's coming off this week, (prices are) coming down... there's no real major issues going on," said Terry Reilly, senior commodity analyst with Futures International in Chicago. "I think it's general harvest pressure." Soybean futures for the September contract…
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ICE weekly outlook: Canola watching China before harvest

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tagged Australia blackleg canola futures canola markets canola prices China dockage ICE Futures Canada
CNS Canada -- The canola market continues to watch and wait for the Chinese and Canadian governments to resolve a dispute over the amount of dockage allowed in imports of Canadian canola. Until that happens, canola may face growing pressure between now and next week. On Sept. 1, China is scheduled to lower the amount of foreign material allowed in Canadian canola imports from 2.5 per cent to one per cent. Some have speculated the move is being made to give China time to eat…
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U.S. livestock: CME live cattle slump eighth day in a row

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tagged cattle futures closing markets CME feeder cattle hog futures lean hogs live cattle
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures on Wednesday settled in negative territory for an eighth straight day, and hit a one-month low, following disappointing preliminary cash prices, traders said. August live cattle ended down 0.525 cent/lb. at 112.725 cents (all figures US$). Most actively traded October closed 0.825 cent lower at 108.9 cents. On Wednesday morning market-ready, or cash, cattle in Kansas moved at $115/cwt, down $2 to $3 from last…
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U.S. grains: Soybeans weighed down by big harvest prospects

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tagged Canada cbot closing markets corn futures soybean futures ukraine USDA wheat futures
Reuters -- U.S. soybeans and grains dipped on Wednesday, weighed down by abundant harvest prospects in key countries. Soybeans led the way lower, as the closely watched four-day Pro Farmer U.S. Midwest Crop Tour scouted impressive crops in central Illinois, following its observation a day earlier of above-average soybean pod counts in Nebraska and Indiana. Southwestern Iowa's soybean crop potential, however, looked below average. U.S. soybeans benefit from strong demand, due…
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Western Prairies keep cooling

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tagged Canada prairies temperature weather
Temperature ranges on the western Prairies continued dropping on Tuesday, as highs at WeatherFarm stations reached just 10 C around Red Deer and Drumheller, Alta. and 13 C around Meadow Lake and Kindersley in western Saskatchewan, but rose to 25 C in the Weyburn/Estevan area and 29 C around Steinbach and Winkler in southern Manitoba. Lows on Tuesday dropped to 3 C around Beaverlodge, Alta. and Chetwynd, B.C. in the western Peace region, and 6 C around Shaunavon in southwestern Saskatchewan,…
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Saskatchewan adds new secretary for farm irrigation

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tagged Brad Wall Herb Cox irrigation expansion saskatchewan Scott Moe Warren Kaeding
A rookie MLA in the Saskatchewan Party caucus has been promoted to a legislative secretary post with responsibility for expansion of the province's farm irrigation systems. Premier Brad Wall on Tuesday named Warren Kaeding, the MLA for Melville-Saltcoats since April, as legislative secretary to the minister of agriculture, for irrigation expansion. Kaeding was previously a business development rep for canola producer financing firm Input Capital and served as executive director for the…
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U.S. Senate judiciary committee to hold hearing on ag chem deals

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tagged ChemChina Dow DuPont judiciary committee syngenta U.S. Senate
Washington | Reuters -- The U.S. Senate judiciary committee will hold a hearing in late September to discuss the mergers of Dow Chemical and Dupont as well as ChemChina's purchase of Syngenta, committee chair Charles Grassley said in a statement Tuesday. Grassley, a Republican from the farm state of Iowa, has already expressed concern that the deals would result in farmers paying more for seeds, pesticides and herbicides and reduce the companies' incentives to innovate. "The seed…
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U.S. grains: Corn touches one-week low on improved crop conditions

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tagged cbot closing markets corn futures Pro Farmer soybean futures USDA wheat futures
Chicago | Reuters -- U.S. corn futures slid to a one-week low on Tuesday and soybean futures lost ground, a day after a U.S. government report showed both crops were thriving. Expectations that a privately run U.S. crop tour would uncover stronger yields in the coming days than on Monday, when it began, put additional pressure on prices, traders said. Massive supplies of crops are a focus for traders as farmers will soon start bringing in harvests from their fields, adding to…
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U.S. livestock: More CME live cattle selling on weaker cash outlook

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tagged cattle futures cattle on feed closing markets CME feeder cattle hog futures Labour Day lean hogs live cattle USDA
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures' losing streak stretched to a seventh consecutive session on Tuesday in anticipation of softer cash prices by Friday, traders said. August live cattle ended down 0.175 cent/lb. to 113.25 cents (all figures US$). Most actively traded October closed 0.625 cent lower at 109.725 cents. Bids for market-ready, or cash, cattle surfaced in Texas and Kansas at $115/cwt with sellers asking more than $120, said feedlot…
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StatsCan’s canola estimates taken with grain of salt

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tagged canola production crop production oats production peas production estimates statistics canada statscan wheat production
CNS Canada -- Statistics Canada's latest crop production estimates are in and while they may raise a few eyebrows, the numbers aren't likely to cause havoc in the markets, according to most trade analysts. StatsCan on Tuesday pegged canola production in 2016-17 at 17 million tonnes. That compares to pre-report ideas of 15.9 to 20 million tonnes and the year-ago level of 17.2 million tonnes. "The average trade guess was 18.1 (million tonnes) so this is below the average trade…
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