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U.S. grains: Soybeans bounce, corn stabilizes

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tagged cbot closing markets Corn coronavirus exports futures ruble Russia soybean Wheat
Chicago | Reuters -- U.S. corn futures stabilized on Tuesday and soybean futures firmed in a mild recovery from the prior session's steep drop on fears about the impact of the coronavirus outbreak. Wheat futures were mixed after posting fresh lows on technical selling and pressure from ample global supplies and stiff competition for U.S. wheat in export markets. Grains largely shrugged off a second straight day of sharply lower outside markets, with Dow Jones Industrials and…
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U.S. livestock: CME cattle extend losses

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tagged Beef Cattle cash cattle closing markets CME coronavirus feeder cattle futures hogs lean hog live cattle Pork Swine
Chicago | Reuters -- Chicago Mercantile Exchange live and feeder cattle futures fell sharply for a second consecutive day on Tuesday as fears of a coronavirus pandemic stoked concerns about demand and slower global economic growth. Commodities funds liquidated more of their sizable long holdings in cattle after the U.S. Centers for Disease Control and Prevention said Americans should begin to prepare for community spread of the virus. The spread of the virus that has infected…
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Protestors put up new rail, road barricades in wake of arrests

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tagged blockade cn freight Hamilton ontario quebec rail Vancouver
Ottawa/Toronto | Reuters -- Protesters in Canada blocked train lines, Vancouver's port entrance and at least one highway on Tuesday in response to the arrest of 10 indigenous activists when police dismantled a rail barricade in southern Ontario a day earlier. Ontario Provincial Police on Monday arrested some of the Tyendinaga Mohawk campaigners who had shut down the line in solidarity with the Wet'suwet'en from British Columbia, who seek to stop construction of a gas pipeline over…
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Cattle inventories continue to decline, StatsCan says

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tagged breeding stock Cattle cows dairy exports hogs inventory sheep statistics canada statscan
MarketsFarm -- Canada's cattle herd in 2019 continued on its generally consistent path of declining numbers, according to new data Statistics Canada released Tuesday. Aside from a few slight increases in 2012, 2013 and 2018, Canadian cattle inventories have moved lower since 2005. At 11.2 million head, the reported number of cattle on farms in the country as of Jan. 1, 2020, was down 1.9 per cent from the previous year and showed a 24.8 per cent decline off its January 2005…
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Deere taps tractor-hailing tech in bid to break ground in Africa

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tagged Africa Agrimech banks credit Deere and Co. Ghana Hello Tractor John Deere Kenya mobile app ride-hailing tractor tractor data
Nanyuki, Kenya/Johannesburg | Reuters -- It's ride-hailing, farm style. Deere and Co. is teaming up with the "Uber of tractors" in Africa and betting on a future where farmers summon machines with the touch of a button. The world's leading farm equipment maker is outfitting its tractors with startup Hello Tractor's technology, which allows farmers to hail the machines via an app, monitors the vehicles' movements and transmits usage information such as fuel levels. The aim is to…
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Klassen: Calves remain firm while yearlings falter

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tagged calves fed cattle feeder cattle Feedlot heifers Jerry Klassen markets steers yearlings
Compared to last week, western Canadian yearling markets traded $3-$5 lower while calves and grassers traded within $5 on either side of unchanged. Calves were extremely variable with similar weight cattle sometimes trading $6-$8 apart at the same sale. Supplies of calves coming on the market appear to be lower than last year. This may be for two main reasons. Lighter calves were placed in finishing feedlots earlier than normal because of limited forage supplies in Western Canada. Secondly,…
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U.S. grains: Corn, soy, wheat plunge on coronavirus worries

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tagged cbot closing markets Corn coronavirus futures markets soybean U.S. dollar Wheat
Chicago | Reuters -- U.S. grain and soy futures tumbled on Monday as fears over the rapid spread of the coronavirus outbreak beyond China dragged down broader markets and underpinned the dollar. Technical selling further fuelled the drop, with corn and soybeans down nearly two per cent and wheat down almost three per cent. Corn futures notched life-of-contract lows in nearly all months while most 2021 soybean contracts hit new lows. Fears mounted that the COVID-19 coronavirus…
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U.S. livestock: Cattle, hogs dive as coronavirus rattles markets

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tagged Beef Cattle closing markets CME coronavirus feeder cattle futures hogs lean hog live cattle markets Pork Swine
Chicago | Reuters -- Chicago Mercantile Exchange cattle and hog futures plunged on Monday as a surge of coronavirus cases beyond China stoked fears of U.S. meat export delays and slower global economic growth. The actively-traded April live cattle contract and nearly all feeder cattle contracts closed down by their daily trading limits, triggering expanded limits on Tuesday. Lean hog futures ended with their steepest losses of the month in actively traded nearby contracts after…
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La Coop federee set to go full Sollio

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tagged annual general meeting La Coop federee Sollio Sollio Agriculture
After gently getting the Canadian public used to the idea, one of the biggest agricultural co-operatives in the world is set to make its rebranding official. La Coop federee announced Monday it will officially present Sollio Cooperative Group as its "new identity" on Thursday during the organization's annual general meeting in Montreal. The co-operative, ranked No. 24 on the list of the world's biggest ag co-ops, recently telegraphed the change on social media and has already…
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