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U.S. livestock: Fund selloff sinks CME live cattle to 4-month low

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tagged cash cattle cattle futures closing markets CME hog futures
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell to their lowest level in four months on Monday, hit by fund selling and Friday's bearish U.S. government cattle report, traders said. Last Friday's U.S. Department of Agriculture monthly Cattle-On-Feed report showed ranchers in October placed the highest number of cattle in feed lots for the month in six years. "There is just too much beef, pork and poultry out there that has to be priced into the domestic…
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U.S. grains: Wheat falls as dollar firms; vegoils drop on India import tax

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tagged cbot closing markets corn futures soybean futures U.S. dollar wheat futures
Chicago | Reuters – Chicago wheat futures fell 1.4 percent on Monday as the dollar climbed against a basket of currencies, making U.S. grain more expensive in a well-supplied global market. Soybean and soyoil futures also eased amid steep declines in palm oil after India hiked palm oil import taxes. Corn futures were about flat. Chicago Board of Trade December wheat was down 6 cents to $4.21-1/4 per bushel at 10:58 a.m. CST (1658 GMT), giving back its gains from the previous…
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Speculative buying sees canola prices firm up

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tagged canadian grain commission canola markets Commodity News Service Canada corn markets soybean markets statistics canada
Winnipeg | CNS Canada – ICE Canada canola prices bounced around within a wide range during the week ended November 17, but finished on a firmer note as a rally in Chicago Board of Trade soybeans gave canola a boost. Any strength was largely tied to chart-based speculative buying, with no real fresh fundamental news as far as canola is concerned. The harvest is largely complete across Western Canada, while the U.S. harvest is in its final stages. Farmers were still making good…
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Wheat bids fall along with U.S. futures

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tagged Commodity News Service Canada wheat markets wheat prices
Winnipeg | CNS Canada – Hard red spring wheat bids in Western Canada fell slightly for the week ending Nov. 17, following decreases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were down C$3 to C$5 per tonne across the Prairie provinces, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from about C$242 per tonne in…
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Grain marketing shifting to a digital focus

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tagged Commodity News Service Canada grain marketing grain shipping Grain World online marketing
Winnipeg | CNS Canada – The future of grain marketing includes access to a larger market for producers online, according to Lyle Ehrmantraut. “You have to be able to see the deals to make the best decisions. So without all the deals in front of you in a centralized system I don't know how it's possible to go to bed at night knowing you have the best price,” he said during the What Technology Can We Expect in the Next 3-5 Year? panel at Grain World in Winnipeg, Nov.…
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U.S livestock: CME live cattle futures ease before USDA report

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tagged cash cattle cattle futures closing markets CME hog futures
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures finished the week with losses as investors tweaked positions ahead of the U.S. Department of Agriculture monthly Cattle-On-Feed report at 2 p.m. CST (2000 GMT), said traders. Analysts, on average, expect the report to show 7.7 percent more cattle were placed into U.S. feedlots last month than in October 2016. December live cattle finished 0.700 cent per pound lower at 118.850 cents, and February ended down…
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U.S. grains: Corn up nearly 2 pct on short-covering; soy, wheat climb

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tagged cbot closing markets corn futures soybean futures U.S. dollar wheat futures
Chicago | Reuters – U.S. corn futures rose about 2 percent on Friday on fund-driven short-covering and talk of increased export demand, while soybeans hit a one-week high as worries about stressful crop weather in Argentina lifted soymeal futures, analysts said. Wheat followed the firm trend, which extended broadly across the commodities sector. The 19-market Thomson Reuters CoreCommodity Index was up more than 1 percent. Chicago Board of Trade December corn settled up 6-1/2…
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Canadian flax prospects dimmed by China’s silk road

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tagged China Commodity News Service Canada flax Grain World Kazakhstan
Winnipeg | CNS – China’s construction of a new “silk road” connecting the country to Europe isn’t likely to be good news for Canadian flax exporters. For several years, Canada has been the main exporter of flax to China but that could likely change if Kazakhstan ever has a direct link to the China. “We thought the Chinese market was ours, but now we could see both Russian and Kazak flax moving into China,” said Chuck Penner of Leftfield Commodity…
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Wheat storage a winner, says analyst

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tagged carryover Commodity News Service Canada corn grain marketing grain storage Grain World soybeans wheat
Winnipeg | CNS – As yields grow throughout North America and the physical size of the crop becomes larger, farmers who invest in storage bins now, stand to reap the rewards later. “Guys with space are winning,” said Kurt Ahrens, founder of Grainbot in Omaha, Nebraska. Speaking at the Grain World Conference in Winnipeg, he pointed out that storage capacity utilization in the United States last year was record high. That caused many to offer cash purchases only or deferred…
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Fossil fuels here to stay… for now

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tagged Commodity News Service Canada fossil fuels Grain World renewable energy
Winnipeg | CNS Canada – Renewable sources of energy may be the future, but that future is not coming any time soon as fossil fuels will be needed to continue to power the world for generations, according to author and professor emeritus Vaclav Smil, speaking at the Grain World conference in Winnipeg, Nov. 14. “We have been, we are, and we will continue to be a largely fossil fuel civilization,” said Smil adding “The idea that this will change by next month, by next year, or…
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