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Cash wheat bids: Red spring gains, durum eases

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tagged Canadian dollar cash wheat cbot CPSR CWRS durum K.C. wheat MGEX Wheat wheat bids wheat futures wheat prices
MarketsFarm -- Wheat bids in Western Canada were mostly higher for the week ended Thursday. Strong gains were seen in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPRS) wheats, while Canada Western Amber Durum (CWAD) was steady to lower. The Canadian dollar gained almost nine-10ths of a cent during the week, closing at 76.09 U.S. cents on Thursday. Average CWRS (13.5 per cent protein) wheat prices were up $9-$12 per tonne, according to price quotes from a…
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Future of ag policy remains unclear ahead of election

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tagged ag policy agriculture agriculture committee Alistair MacGregor CETA Commons compensation Conservatives CPTPP Liberals Marie-Claude Bibeau NDP
Ottawa – If polls and pundits are to be believed, Monday’s federal election will result in a minority government -- meaning no single party would alone be dictating the immediate future of agricultural policy in Canada. While the true results won’t be known until Monday night, most pollsters are speculating either a Conservative or Liberal-led minority government. One scenario could see the Conservatives win the most seats, but only by a slim margin. That opens the door for…
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Corn exports expected down in AAFC’s October outlook

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tagged AAFC Agriculture and Agri-Food Canada canola.corn carryout durum ending stocks exports field crops outlook production tonnes Wheat
MarketsFarm -- Agriculture and Agri-Food Canada (AAFC) on Friday issued its October outlook for principal field crops, with some revisions compared to the September report. One of the most notable numbers from AAFC was the drop in 2019-20 corn exports, which were estimated to be about 1.5 million tonnes, over 20 per cent less compared to the September estimate. Also for that crop year, the carryout was lowered by more than 18 per cent, to 1.8 million tonnes. Carryout for…
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U.S. grains: Wheat hits three-month high on signs of tightening supplies

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tagged argentina Australia cash prices cbot China closing markets Corn Egypt export sales futures Saudi Arabia soybean Wheat
Chicago | Reuters -- Chicago wheat futures touched a three-month high on Friday, buoyed by rising cash prices and signs of tightening global supplies, analysts said. Soybean futures rose on worries about the size of the U.S. harvest while corn fell on disappointing weekly U.S. export sales. At the Chicago Board of Trade, December soft red winter wheat futures ended up 6-3/4 cents at $5.32-1/4 per bushel after reaching $5.32-3/4, its highest since July 15 (all figures US$). For…
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U.S. livestock: Lean hogs sag as traders parse USDA pork sales data

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tagged Beef Cattle Cattle China closing markets CME feeder cattle hogs lean hog live cattle Pork sales Swine USDA
Chicago | Reuters -- U.S. lean hog futures closed lower on Friday after a roller-coaster session in which prices jumped on news of massive weekly pork export sales, only to turn down after the U.S. Department of Agriculture (USDA) said its figures could include pork sold in previous weeks. Toward the close, lean hog futures on the Chicago Mercantile Exchange pared losses as traders exited short positions, traders said. CME December lean hog futures settled down 0.2 cent at 67.95…
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As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets

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tagged beverages Canada cannabis edibles extracts investors marijuana markets producers
Reuters -- A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. So-called cannabis 2.0 -- legalization of marijuana derivatives including edibles, beverages, extracts and vape pens -- takes effect on Thursday, with sales seen beginning in mid-December. While that's expected to…
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U.S. livestock: Lean hogs slide on technical selling, China worries

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tagged Beef Cattle cargill Cattle China closing markets CME feeder cattle futures hogs lean hog live cattle Pork Swine swine fever Tyson
Chicago | Reuters -- U.S. lean hog futures closed lower on Thursday for a second straight session on bearish chart signals and uncertainty about export demand from China, traders said. China is facing a huge pork shortage due to an outbreak of a fatal pig disease, African swine fever. But so far the country's purchases of U.S. pork have fallen short of some traders' expectations. Chicago Mercantile Exchange December lean hog futures settled down 2.475 cents at 68.15 cents/lb.…
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U.S. grains: Wheat futures approach three-month high

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tagged cash prices cbot China closing markets Corn Egypt futures soybean USDA Wheat
Chicago | Reuters -- U.S. wheat futures hit their highest level in nearly three months on Thursday as signs of rising global cash prices prompted a round of short covering, traders said. Corn and soybean futures also climbed, supported by worries about the size of U.S. crops, while traders continued to monitor prospects for a partial U.S.-China trade deal. Chicago Board of Trade December soft red winter wheat futures settled up 12-1/4 cents at $5.25-1/2 a bushel after reaching…
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Tyson bans ractopamine from its U.S. hog supply

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tagged Canada China European Union JBS Paylean Pork pork exports ractopamine Tyson
Reuters -- Tyson Foods in February will stop buying U.S. hogs raised with a growth drug banned by China, the company said on Thursday, as global meat suppliers seek an edge in boosting sales to Chinese buyers facing a huge pork shortage due to an outbreak of a fatal pig disease. The halt in the use of the drug, ractopamine, reflects a change in strategy for Tyson, company watchers say. The company previously sought to profit by filling holes in U.S. supplies that were left when…
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Cargill suspends shifts at Kansas beef plant after explosion

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tagged beef blood meal cargill Dodge City explosion Kansas Tyson
Chicago | Reuters -- Cargill said Thursday it had suspended some shifts at its Dodge City, Kansas beef-packing plant after an explosion injured two employees. Cargill spokesman Daniel Sullivan said the company expects the facility to be fully operational soon and that it would meet all it customer commitments. The company is investigating the cause of the accident at a stand-alone building on the site, he said. Livestock analyst Cassie Fish said the explosion was at a building…
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