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Feed weekly outlook: Old-, new-crop barley prices converge

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tagged alberta feed barley feed grains feed wheat feedlot allet harvest new-crop old-crop
MarketsFarm -- Feed grains prices have been softening as old-crop and new-crop prices converge during harvest. Tracy Green, a grain broker with Market Master Ltd. in Edmonton, said Feedlot Alley is "well-covered" and waiting for harvest. However, buyers in central Alberta are seeing prices around $237 delivered for old-crop barley. For deliveries into Lethbridge for later in the fall, prices are around $220. "We've been seeing small premiums for quick delivery," Green said.…
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U.S. grains: Corn edges higher on cool weather

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tagged cbot China closing markets Corn corn futures ethanol growing degree days soybean futures Soybeans Trump Wheat wheat futures
Chicago | Reuters -- U.S. corn futures inched higher on Thursday, stabilizing from three-month lows set a day earlier, supported by worries that cool weather could slow the maturity of the delayed U.S. crop, analysts said. Wheat rose on technical buying and better-than-expected weekly U.S. export sales. But soybean futures declined, retreating from early strength on what appeared to be technical selling, analysts said. Chicago Board of Trade December corn settled up 3/4 cent at…
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U.S. livestock: Cattle extend climb on robust packer margins

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tagged Beef Cattle Cattle cattle futures closing markets CME feeder cattle hog futures hogs Labour Day lean hogs live cattle margins packers Pork Swine
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures advanced for a fourth straight session on Thursday, led by the nearby August contract as robust profit margins for beef packers fueled expectations of strong demand for cash cattle, traders said. "Packers are just raking it in, so the incentive is there to ramp up the kills," said Tim Hackbarth, analyst with Top Third Ag Marketing in Chicago. Demand for beef from retailers ahead of the Labour Day holiday has…
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Shut out of China, Canada finds canola buyers in drought-damaged Europe

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tagged biodiesel Canada Canola China drought EU Europe france germany imports rapeseed Vancouver
Winnipeg/Paris | Reuters -- Crop-scorching drought in Europe is providing Canadian canola farmers a timely new opportunity to move supplies that have piled up since China stopped buying this year. Rising European sales are taking some of the sting out of losing the Chinese market for Canadian farmers, although ICE canola futures prices are down 11 per cent from a year ago. Beijing suspended the licenses of Canadian exporters Richardson International and Viterra this year and…
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Future payouts from dairy fund still up for discussion

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tagged advance payments ag sectors beef Bibeau business risk management Canola CETA CFA CPTPP dairy direct payments Pork quota WCWG
What happens to the rest of Canada's eight-year, $1.75 billion funding envelope to compensate its dairy farmers for other countries' gains in market access is still up for discussion, according to the federal ag minister. In a statement Wednesday, Agriculture Minister Marie-Claude Bibeau said Ottawa gets that Canadian dairy farmers want more direct payments beyond the $345 million already earmarked for those in the fund's first year. Bibeau's statement followed a meeting with dairy…
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China buys U.S. soybeans after declaring ban on U.S. farm goods

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tagged China delivery duties Soybeans tariffs U.S. farm products USDA
Chicago | Reuters -- China snapped up a small volume of U.S. soybeans last week after pledging to halt purchases of U.S. farm products due to the escalating trade war between Washington and Beijing, U.S. Department of Agriculture data showed on Thursday. The world's largest soybean importer struck deals from Aug. 9 to 15 to buy 9,589 tonnes for delivery in the current marketing year and 66,000 tonnes, approximately one cargo, for the next year, the data showed. China's commerce…
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ICE weekly outlook: Canola trade’s eyes on StatsCan report

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tagged AAFC canola futures canola markets canola production frost ICE Futures statistics canada tonnes yields
MarketsFarm -- Although Agriculture and Agri-Food Canada (AAFC) released its production forecast Wednesday, markets are focused on next week's production report from Statistics Canada -- a survey-based report which should provide a clearer picture of what's to come. AAFC's August report kept the canola production estimate at July's 18.575 million tonnes. "Maybe we'll see if the production numbers are close, who knows?" MarketsFarm analyst Bruce Burnett said of Statistics Canada's…
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U.S. grains: Soybeans up on yield uncertainty

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tagged cbot closing markets Corn corn futures crop tour Midwest Pro Farmer soybean futures Soybeans Wheat wheat futures
Chicago | Reuters -- U.S. soybean futures closed higher on Wednesday on technical buying and uncertainty about U.S. yield prospects, analysts said. Corn and wheat futures also firmed, steadying after the benchmark contracts for both grains dipped to three-month lows. Chicago Board of Trade November soybean futures settled up 4-3/4 cents at $8.73 per bushel (all figures US$). December corn ended up 1-1/2 cents at $3.70-1/4 a bushel, after falling to $3.66-1/4, the contract's…
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U.S. livestock: CME cattle rise on strong beef demand

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tagged Beef Cattle cattle futures closing markets CME feeder cattle hog futures hogs Labour Day lean hogs live cattle Pork slaughter supplies Swine Tyson
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures closed higher on Wednesday for a third session as strong demand for beef ahead of the Labour Day holiday bolstered margins for meat packers, traders said. CME October live cattle futures ended up 0.225 cent at 100.225 cents/lb., and October feeder cattle settled up 0.9 cent at 134.55 cents/lb. (all figures US$). "The wholesale beef market has been very strong, and the packer margins are through the roof. Those…
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