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Pulse weekly outlook: Little excitement in market

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tagged Canpulse cp india lentils pulse market pulses rail seeding
The pulse market has been largely quiet for the last couple of months, according to Adam Krieser of CanPulse Foods in Saskatoon, although rail shipments were curtailed due to weather and other issues including a fatal crash. Three Canadian Pacific Railway crew members were killed Feb. 4 when a grain train derailed on CP's mainline near Field, B.C. Rail service had been very good for most of the…
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U.S. grains: Wheat futures plunge on sluggish exports

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tagged cbot China closing markets corn futures K.C. wheat MGEX soybean futures Syria wheat futures
Chicago | Reuters -- Chicago Board of Trade grain and soybean futures all soured on Tuesday as U.S. wheat sellers failed to nab any export sales and traders waited impatiently for news on the latest of talks on the U.S.-China trade war. Wheat was the story of the day: Most CBOT wheat futures contracts -- including most actively traded May -- fell to new contract lows, while Kansas City wheat futures contracts all fell to new lows across the board. Grain traders said they were…
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U.S. livestock: Cattle futures jump on snowstorm

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tagged cattle futures closing markets CME contract high feeder cattle hog futures lean hogs limit down live cattle snow
Chicago | Reuters -- U.S. cattle futures approached a one-year high on Tuesday on concerns that wintry weather in the middle of the country will temporarily tighten supplies. Snow in states such as Kansas, Nebraska and Iowa this week is expected to slow the transportation of cattle to processing plants run by companies such as Tyson Foods and JBS, traders said. Cattle typically do not gain weight as quickly in cold weather because they consume feed to generate body heat, which…
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Today’s precipitation

tagged Canada CoCoRaHS prairies temperature weather WeatherFarm
Data and maps from weather stations across the Prairies are available to Glacier FarmMedia members at the WeatherFarm website, where you can also sign up for a daily forecast email for your area. On the go? Get the [Read more]

Buhler cutting overhead to boost margins

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tagged Buhler Farm King Rostselmash tractor Versatile
Tractor and farm equipment maker Buhler Industries has added financing from its majority owner to a regime of cost cuts in a bid to lift its quarterly results out of the red. Citing "depressed" sales due to "weak" commodity prices, the Winnipeg company on Thursday booked a net loss of $4.4 million on $57.3 million in revenues for its first quarter ending Dec. 31, down from a $5.8 million loss on $74.6 million in its year-earlier Q1. Buhler, the maker of Versatile tractors and Farm King…
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Canada, U.S. to challenge India’s pulse price supports

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tagged black matpe Canada chickpeas COA lentils Lighthizer mung beans Perdue pigeon peas price supports pulses USDA USTR WTO
Canada and the U.S. are set to challenge India's market price supports for certain pulses including chickpeas and lentils. U.S. Trade Representative Robert Lighthizer and U.S. Agriculture Secretary Sonny Perdue on Friday announced that "together with Canada" they've submitted a "counter notification" on the matter to the World Trade Organization (WTO) Committee on Agriculture (COA). The counter notification, as filed Tuesday, concerns India's market price supports for chickpeas, lentils,…
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U.S. grains: Wheat falls to multimonth lows as global prices sag

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tagged cash wheat cbot closing markets corn futures K.C. hard red winter Presidents Day soybean futures wheat futures
Chicago | Reuters -- U.S. wheat futures fell to multimonth lows on Friday, despite broad strength in commodity and equity markets as grain traders monitored bearish technical signals as well as falling prices in the global cash wheat market. Soybeans climbed on optimism about U.S. trade negotiations with China, the world's top soy importer, while corn futures were little changed. U.S. markets, including the Chicago Board of Trade (CBOT), will be closed on Monday in observance of…
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U.S. livestock: Lean hogs bounce on short-covering, technical buying

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tagged cattle futures closing markets CME feeder cattle hog futures lean hogs live cattle USDA
Chicago | Reuters -- U.S. lean hog futures ended higher for the first time in three sessions on Friday on short covering and technical buying ahead of the extended Presidents Day holiday weekend, traders and analysts said. Futures had been technically oversold after sinking to seven-month lows early this week under pressure from large hog and pork supplies and weak pork prices. U.S. hog supplies, which had been running ahead of U.S. Department of Agriculture (USDA) forecasts…
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Barley ‘price war’ seen sparked by China, Saudi demand drop

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tagged Australia barley barley prices China Europe exports Saudi Arabia Strategie Grains
Paris | Reuters -- A drop in demand from China and Saudi Arabia sent barley prices tumbling in recent weeks, despite low global supply, and price pressure may continue if harvest prospects for next season remain good, analysts at Strategie Grains said. The barley market rallied earlier in the 2018-19 season with weather-hit crops in Europe and Australia expected to contribute to a fall in global stocks, which the U.S. government sees hitting a 35-year low. However, competition…
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Brazil may raise farm subsidies despite belt-tightening

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tagged benefits Brazil farm insurance farm loans Guedes premiums subsidies
Brasilia | Reuters -- Brazil could double spending on subsidized farm insurance in 2020 and may expand subsidized loans, the country's agriculture policy secretary said on Thursday, even though the new government's economic team has pledged to cut spending. The negotiations on next year's farm subsidies highlight the powerful agribusiness lobby's struggle to preserve benefits at a time when Economy Minister Paulo Guedes is pushing for belt-tightening efforts including cutting…
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