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U.S. livestock: CME live cattle finish mostly weak

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tagged cattle futures closing markets CME feeder cattle hog futures lean hogs live cattle
Chicago | Reuters -- Most Chicago Mercantile Exchange live cattle contracts closed weak on Thursday, after investors sold deferred months and bought February in anticipation of at least steady cash prices by Friday, traders said. Packers in Kansas and Texas on Thursday bid $138/cwt for market-ready, or cash, cattle, which matched last week's sales, said feedlot sources (all figures US$). They said cattle owners are holding out for at least $140. Some processors are hesitant to…
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U.S. grains: Wheat falls on poor export data

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tagged cbot closing markets corn futures soybean futures statistics canada USDA wheat futures
Chicago | Reuters -- Wheat futures on the Chicago Board of Trade fell 1.5 per cent on Thursday on disappointing U.S. export sales data, traders said. Corn and soybeans also fell, retreating from six-week highs set this week, on improving crop prospects in South America. At the CBOT, March wheat settled down 7-1/4 cents at $4.72-3/4 per bushel. March corn ended down 2-1/2 cents at $3.68-1/2 per bushel and March soybeans fell 2-1/4 cents at $8.74-1/2 a bushel. Wheat fell after…
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StatsCan stocks numbers confirm rapid export pace

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tagged canola stocks domestic feed grain exports grain stocks oat stocks oilseed exports statistics canada statscan wheat stocks
CNS Canada -- Canada's grain and oilseed exports appear to be in fine form, based on the latest stocks figures on Thursday morning from Statistics Canada. Stocks of wheat, canola and oats are all down compared to last year's. In wheat's case, there were roughly five million fewer tonnes in farmers' bins at the end of 2015, compared to the year before. "It certainly confirms the idea Canada has been moving a fair bit of wheat, which is good," said Ken Ball of PI Financial in…
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Canada signs Trans-Pacific Partnership

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tagged ratification signing tariffs TPP Trans-Pacific Partnership
Trade ministers from the 12 countries in the Trans-Pacific Partnership have signed their trade agreement, committing them to take the deal to their home governments for review and/or approval. The deal, which Trade Minister Chrystia Freeland signed on Canada's behalf on Thursday in Auckland, New Zealand, is expected to see tariffs on Canadian products in the 11 other TPP markets eliminated or dramatically reduced over 15 years following ratification. Signing countries include Japan,…
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U.S. grains: Soy, corn ease from six-week highs

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tagged cbot closing markets corn futures Lunar New Year South America soybean futures wheat futures
Chicago | Reuters -- U.S soybeans and corn futures fell on Wednesday, pressured by profit-taking after recent six-week highs and outlooks for needed rains in South America. Wheat settled narrowly higher at the Chicago Board of Trade after a more than one per cent drop in the dollar against a basket of currencies made U.S. supplies more attractive in global markets. Overall ample world wheat supplies limited gains as wheat futures traded within the range established on Tuesday.…
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U.S. livestock: CME live cattle rise as weather crimps supply

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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 gained for a third straight day on Wednesday, with packers eyeing fewer available cattle as the U.S. Plains digs out from wintry weather, traders said. They said that while some processors have resumed normal operations, others still found it difficult to get employees and cattle to plants. On Wednesday packers processed 98,000 cattle, down 11,000 from last week, based on U.S. Department of Agriculture…
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China seeks food security with friendly bid for Syngenta

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tagged ChemChina China food security monsanto syngenta
Basel | Reuters -- China made its boldest overseas takeover move when state-owned ChemChina agreed a US$43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday, aiming to improve domestic food production. The largest ever foreign purchase by a Chinese firm, announced by both companies, will accelerate a shake-up in global agrochemicals and marks a setback for U.S. firm Monsanto, which failed to buy Syngenta last year. China, the world's largest agricultural…
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Klassen: Feeder market experiences defensive tone

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tagged beef demand beef prices cattle futures cattle markets cattle prices fed cattle feeder cattle
Feedlot operators continue to pull in the reins on replacement cattle purchases because another month-end budget for the bank does not look healthy. Alberta sales barns experienced a soft tone, with sales $4 to $6 below week-ago while eastern Prairie regions received spillover support from U.S. markets. Manitoba markets were notably $3 to $8 higher due to U.S. interest, but keep in mind these regions were non-active earlier in the year. Order buyers were under heavy scrutiny this week as…
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ChemChina said close to striking deal for Syngenta

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tagged ChemChina syngenta
Reuters -- China's state-owned ChemChina is nearing a deal to buy Swiss seeds and pesticides group Syngenta for around 43 billion Swiss francs (C$59.4 billion), two people familiar with the matter said on Tuesday. The deal, for roughly 470 Swiss francs (C$649) per share, would be the biggest cross-border deal involving a Chinese buyer and mark an acceleration of a shakeup in the global agrochemicals industry. Negotiations are in final stages but nothing has been signed, the two…
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Baltic index slips to fresh low, demand concerns persist

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tagged Baltic Dry Index Baltic Exchange ocean freight
Reuters -- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped to another all-time low Tuesday on worries about vessel oversupply and slowing global demand. The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertilizer, fell four points or 1.3 per cent, to 310 points. The index has yet to register a single session of gains this year, tumbling around 35 per cent…
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