Chicago | Reuters -- U.S. live cattle futures jumped to the highest levels in over a month on Friday, lifted by technical buying and expectations for bullish government supply data that was due after the close of trading.
The U.S. Department of Agriculture's (USDA) Cattle on Feed report, however, was deemed bearish by analysts, and that could pressure futures come Monday.
Chicago Mercantile Exchange October live cattle rose 1.475 cents to 111.575 cents/lb. while the most-active…
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Prairie canola, soy now in Cargill ProPricing portfolio
tagged canola canola contracts cargill InventoryPro ProPricing soybean contracts soybeans wheat wheat contracts
Canola and soybean growers in Western Canada are now able to get in on Cargill's ProPricing grain marketing program for the 2017-18 season.
The U.S. agrifood company's Winnipeg-based Canadian arm announced Sept. 14 it would offer its first-ever canola contract in its ProPricing portfolio, allowing eligible growers to hand off a portion of their canola marketing to Cargill traders.
ProPricing, previously available to corn, soybean and wheat growers in the U.S. and Ontario, was first…
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U.S. cattle placements spike in August
tagged beef cattle futures cattle on feed cattle placements cold storage feedlots USDA
Chicago | Reuters -- Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week.
Cattle placements rose about three per cent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline of nearly three per cent.
The placements were the largest for August since 2012 and the largest overall since May of this year, when 2.119…
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Post-secondary cannabis credentials on offer
tagged cannabis hemp hempseed licensed production marijuana Niagara College School of Environment and Horticulture
Degree and diploma aggies interested in producing commercial cannabis and/or hemp will be able to get college-certified starting next year.
Niagara College announced Tuesday it will launch a graduate certificate program in commercial cannabis production in 2018, a program it bills as Canada's "first post-secondary credential" in the crop's production.
Niagara picked up approval this summer from Ontario's Ministry of Advanced Education and Skills Development to offer the one-year…
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WTO panel set up on China-U.S. row on grain import quotas
tagged China Dispute Settlement Body grain imports import quotas tariff rate quotas TRQs United States WTO
Geneva | Reuters -- A World Trade Organization (WTO) dispute panel was set up Friday to rule on a U.S. complaint over Chinese import quotas on farm goods including wheat, rice and corn, a trade official said.
The panel on tariff rate quotas (TRQs) for agricultural products was automatically established as it was the second request by the U.S. at the WTO Dispute Settlement Body, after China blocked the first attempt on Aug. 31.
The row was initiated under the Obama administration,…
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U.S. grains: Soy at six-week top on exports, yield uncertainty
tagged cbot closing markets corn futures soybean futures soybean harvest USDA wheat futures
Chicago | Reuters -- U.S. soybean futures hit a six-week high on Friday on stepped-up export demand and uncertainty about the size of the U.S. crop, analysts said.
Corn followed the firm trend, supported by chart-based buying. Chicago Board of Trade December wheat set a one-month high but turned lower.
Chicago Board of Trade November soybeans settled up 13-1/2 cents at $9.84-1/4 per bushel after reaching $9.87, the contract's highest since Aug. 10 (all figures US$).
CBOT…
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U.S. livestock: CME October hogs fall to contract low
tagged cattle futures cattle on feed closing markets CME cold storage feeder cattle hog futures lean hogs live cattle USDA
Chicago | Reuters -- Chicago Mercantile Exchange October lean hog futures fell sharply to a contract low on Thursday, weighed down by a months-long decline in cash prices and abundant supplies, traders said.
Deferred hog futures contracts as well as most live cattle and feeder cattle contracts also eased on technical selling and profit-taking.
Traders were squaring positions ahead of U.S. Department of Agriculture data due after the close of trading on Friday in which the…
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U.S. grains: Wheat hits one-month top on technical buying
tagged argentina Australia cbot closing markets corn futures soybean futures USDA wheat futures
Chicago | Reuters -- Chicago wheat futures posted a one-month high Thursday on technically driven trade while U.S. soybean and corn futures eked out modest advances as traders waited for the harvest to expand in the Midwest.
Chicago Board of Trade December what settled up 2-3/4 cents at $4.52-1/2 per bushel after reaching $4.54-1/2, its highest since Aug. 16 (all figures US$).
CBOT November soybeans ended up 3/4 cent at $9.70-3/4 a bushel and December corn rose 1/4 cent to…
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Manitoba NDP names new ag critic
tagged agriculture critic James Allum manitoba NDP shadow cabinet Wab Kinew
Manitoba's former education minister has been pressed into service as the new agriculture critic for the provincial legislature's official opposition.
Wab Kinew, who was elected Saturday as the leader of the opposition New Democrats, on Thursday named James Allum, the MLA for the Winnipeg riding of Fort Garry-Riverview, as the critic for agriculture.
Allum will also continue to handle the critic files for finance and for growth, enterprise and trade in Kinew's shadow cabinet.
Kinew on…
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Brazil formally accuses JBS owners of insider trading
tagged Batista Brazil bribes insider trading JBS plea bargain
Sao Paulo | Reuters -- Brazil's federal police on Thursday formally asked prosecutors to bring charges against brothers Wesley and Joesley Batista, the owners of meatpacker JBS SA, for insider trading.
The Batista brothers saved as much as 138 million reais (C$54 million) through allegedly illegal market dealings in May, police said.
The insider trading took place before the brothers signed a plea bargain deal with federal prosecutors, police said, in which they admitted to…
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