» Daily news

U.S. livestock: CME cattle, hogs firm on winter weather woes

No Comments

tagged Beef Cattle Cattle closing markets CME feeder cattle futures hogs lean hog live cattle Midwest Plains Pork slaughter storm Swine USDA winter
Chicago | Reuters -- Front-month lean hog futures on the Chicago Mercantile Exchange (CME) settled about one per cent higher on Friday, supported by fears that a weekend winter storm in the Plains and Midwest would slow the transport of livestock and complicate pork and beef plant operations, traders said. "We see some significant disruptions on the pork side (and) we see disruptions on the beef side, with plants having trouble getting loads out the door," said Altin Kalo,…
[Read more]

CGC revises domestic canola usage downward

No Comments

tagged canadian grain commission Canola crush demand domestic disappearance exports processing reporting error tonnes
MarketsFarm -- Domestic canola demand remained well ahead of exports in the latest Canadian Grain Commission report for the week ended Sunday -- but revisions to data now show the crush pace is not quite as active as reported earlier in the month. The original data for the week ended Jan. 5 showed domestic disappearance of 4.8 million tonnes of canola during the 2019-20 crop…
[Read more]

Prairie cash wheat: Bids mostly lower

No Comments

tagged alberta Canadian dollar cash wheat cbot CPSR CWRS durum K.C. wheat MGEX saskatchewan western canada wheat bids
MarketsFarm -- Wheat bids in Western Canada were mostly lower for the week ended Friday. Losses were observed in Canada Western Red Spring Wheat (CWRS) and Canada Prairie Spring Red (CPSR), with durum (CWAD) slightly higher. Average CWRS (13.5 per cent protein) wheat prices were down by about 50 cents to $1 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from about $227 per tonne in…
[Read more]

Funds shift to long side in soybeans, covering canola shorts

No Comments

tagged Canola cbot CFTC commitment of traders Corn ICE Futures long position short position soybean
MarketsFarm -- Fund traders moved to a small net long position in soybeans and reduced their overall short position in canola during the second week of January, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 21,401 contracts, a decrease of about 12,000 contracts from the previous week. Open interest in the canola market increased by…
[Read more]

U.S. grains: Corn soars on bargain buying

No Comments

tagged bargain hunting cbot China closing markets Corn futures phase one soybean Wheat
Chicago | Reuters -- U.S. corn futures jumped 3.7 per cent on Friday, more than recovering from the prior day's 3.1 per cent drop, buoyed by a mix of short-covering and expectations of increased export demand for U.S. supplies, traders and analysts said. Wheat and soybeans followed the firm trend. Chicago Board of Trade March corn rose 13-3/4 cents, its biggest single-day move since October, to settle at $3.89-1/4 per bushel (all figures US$). CBOT March wheat ended up 5-1/4…
[Read more]

U.S. farmers expected to get third and final tranche of trade aid

No Comments

tagged aid package bailout China dairy farm aid government assistance Pork Sonny Perdue Soybeans tariffs trade aid USDA
Washington | Reuters -- U.S. Agriculture Secretary Sonny Perdue said he expected the federal government to pay farmers a third and final tranche of 2019 trade aid a day after an initial deal with China was signed, Bloomberg reported on Thursday. Washington and Beijing signed the Phase One pact on Wednesday, setting trade tensions between the two economic giants on pause, though some major outstanding issues remain. Washington has paid two out of three parts of a $16 billion aid…
[Read more]

U.S. grains: Corn, soy to one-month lows

No Comments

tagged cbot China closing markets Corn CUSMA free trade futures Mexico soybean tariffs Wheat
Chicago | Reuters -- U.S. corn and soybean futures hit one-month lows on Thursday and wheat futures followed amid doubts about whether China will make the purchases from the United States promised in a trade deal between the two countries, analysts said. Chicago Board of Trade March corn futures tumbled three per cent, settling down 12 cents at $3.75-1/2 per bushel after dipping to $3.75-1/4, the contract's lowest since Dec. 12 (all figures US$). The March soybean contract ended…
[Read more]

U.S. livestock: CME hogs slide on Phase One uncertainty

No Comments

tagged Beef Cattle Cattle China closing markets CME feeder cattle futures hogs lean hog live cattle Pork purchases Swine tariffs
Chicago | Reuters -- U.S. lean hog futures on the Chicago Mercantile Exchange (CME) fell about 1.5 per cent on Thursday, joining a broad sell-off in agricultural futures that traders attributed to fund selling and uncertainty about the details of a U.S.-China trade agreement signed a day earlier. China agreed to increase purchases of U.S. agriculture products by $32 billion over two years, the deal said, including $12.5 billion above the corresponding 2017 baseline of $24 billion in…
[Read more]

Supercluster backing canola protein production

No Comments

tagged Botaneco bunge Burcon Canola canola breeding canola meal canola oil Corteva genetics Merit Functional Foods Peas Pitura Seeds protein Protein Industries Canada protein isolates R+D research supercluster Winning Combination
The federally-backed research and development "supercluster" set up to boost Canada's protein industries is funding work to wring more and better proteins out of canola seed. In Saskatoon on Wednesday, federal Industry Minister Navdeep Bains announced the Protein Industries Canada (PIC) supercluster has approved a new $27.6 million project to breed high-protein canola hybrids for both human…
[Read more]
« Older articles
COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2020 AGCanada is a production of Glacier FarmMedia Limited Partnership. Any affiliated or third party content is the property of its respective owner and is used with permission.
Please refer to Copyright Page for details.
Click here to view our Website Terms of Use.