Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures finished firmer on Friday, led by higher cash prices than earlier this week, traders said.
Technical buying and futures' discounts to cash returns provided more market support.
Investors were awaiting the U.S. Department of Agriculture's monthly Cattle on Feed report on Friday at 2 p.m. CT.
USDA will simultaneously publish the mid-year U.S. cattle inventory report.
August ended 0.55 cent/lb. higher at…
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Southwest’s hot spell continues
tagged Canada CoCoRaHS prairies temperature weather WeatherFarm
Hotter temperatures remained parked over the southwestern Prairies Thursday as highs reached 34 C around Swift Current, 33 C around Medicine Hat, 28 C around Brandon, Yorkton and Weyburn, 26 C around Winnipeg and Dauphin, 25 C around Edmonton, Red Deer, Winkler and Selkirk, 24 C around Prince Albert, Melfort and Pinawa and 19 C around Grande Prairie.
Lows at WeatherFarm stations on Thursday dropped to 7 C around Calgary, Grande Prairie and Brandon, 8 C around Edmonton and Dauphin, 10 C…
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Global buyers of quality wheat face disappointment in Canada
tagged MGEX protein spring wheat USDA wheat wheat imports
Winnipeg/Chicago | Reuters -- Buyers looking to Canada for high-quality wheat to make bread as drought roils output in the northern U.S. may be thwarted, as dry weather has also hit crops there.
Wheat plants with the high protein content needed to bake bread have shrivelled in the U.S., one of the world's top exporters, creating a rare tight spot in a world awash with grain after four years of bumper harvests.
Supplies are so short and demand so strong that the U.S. itself could…
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Canada, Mexico urge quick NAFTA talks to end uncertainty
tagged Canada free trade Mexico NAFTA negotiations Trump
Washington/Ottawa | Reuters -- Top Canadian and Mexican diplomats expressed optimism on Thursday that a NAFTA deal could be reached early next year and cautioned that widespread uncertainty over the future of the three-way trade agreement had slowed business investment.
Mexican sources say the plan is to hold seven rounds of talks at three-week intervals, a schedule that trade experts warned was aggressive and not easily attainable.
Mexico's ambassador to the U.S., Geronimo…
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U.S. livestock: Live cattle slump on profit-taking, cash caution
tagged cattle futures cattle on feed closing markets CME feeder cattle hog futures lean hogs live cattle USDA
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures closed lower on Thursday, erasing most of Wednesday's gains, pressured by profit-taking and caution while awaiting remaining cash prices, traders said.
Technical selling contributed to market losses ahead of the U.S. Department of Agriculture's monthly Cattle on Feed report on Friday, traders said.
USDA will simultaneously publish the mid-year U.S. cattle inventory report.
August ended 1.4 cents/lb. lower at…
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U.S. grains: Corn, soy rise for third straight day
tagged cbot closing markets corn futures MGEX soybean futures USDA wheat futures
Chicago | Reuters -- U.S. corn and soybean futures rallied on Thursday to their highest respective levels in more than a week, supported by forecasts for hot weather that will stress crops in key growing regions, traders said.
Both commodities notched their third straight day of gains. Corn led the sector, rising 2.1 per cent, as much of the crop in the Midwest was entering its key pollination phase of development, when final yields are determined.
"Temperatures will continue to…
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Italy demands origin labels for pasta, rice
tagged durum Italy labels origin pasta pasta packaging rice semolina
Rome | Reuters -- All packets of pasta and rice sold in Italy will have to include labels of origin showing where the produce was grown, the government ruled on Thursday, a move aimed at protecting local farmers.
The agriculture and industry ministers signed a decree ordering the new labelling policy, saying it would run in an experimental fashion for two years, and criticizing the European Union for not introducing the measure across the 28-nation bloc.
"We are putting Italy in…
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AIM for Hart, Day 2: The road to success, one scoop at a time
tagged Ag in Motion Agrimatics Fireball Equipment Giant loaders Greenleaf Colony Lee Hart Michelin Man
I announced yesterday to a couple colleagues who work for the Western Producer, "We are wasting our time and energies writing stories. What idiots. If we want real financial success in life -- sell ice cream."
That was my take home message from Day 2 (Wednesday) at the Ag In Motion (AIM) farm show near at Langham, Sask. The lineup at the ice cream vendor next to the Grainews booth never stopped all day. Although when your company name is…
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Prairie soybeans growing well ahead of key pod-filling time
tagged chlorosis manitoba pod-filling saskatchewan soybeans
CNS Canada -- The way things stand now, soybeans look to continue their strong push into Manitoba and Saskatchewan.
The key pod-filling time in late July and early August will ultimately decide, but soybean fields in both provinces are doing well so far.
In Manitoba, which planted almost 2.23 million acres of soybeans -- a record for the province -- recent warm weather and drying winds have boosted plants out of earlier problems.
Dennis Lange, pulse specialist with Manitoba…
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ICE weekly outlook: Canola consolidates as crush margins deteriorate
tagged canola acres canola futures canola markets ICE Futures Canada temperatures
CNS Canada -- Participants in the canola market have their rain gauges out this week to see if heat-blasted sections of the Prairies get enough moisture to help the beleaguered crop.
"Many pockets of Western Canada are in desperate need of rain so that's the feature right now," said Keith Ferley of RBC Dominion Securities in Winnipeg.
Canola futures shot above the $500 per tonne mark in the November contract a few weeks ago due to the sizzling temperatures that caught many fields…
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