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U.S. grains: Soybeans climb on weather worries

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tagged cbot China closing markets Corn futures soybean USDA Wheat
Chicago | Reuters -- U.S. soybean futures neared a four-month high on Monday, supported by fears that wintry weather over the weekend threatened Midwest production at a time of tightening U.S. soy supplies, analysts said. Wheat futures firmed on short-covering and worries about frosty temperatures in the U.S. Plains wheat belt, while corn ended steady, consolidating after a two-month high. Chicago Board of Trade November soybeans settled up 4-1/2 cents at $9.40-1/2 per bushel…
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U.S. livestock: Live cattle futures climb, led by firm cash trade

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tagged closing markets CME feeder cattle futures lean hog live cattle USDA
Chicago | Reuters -- U.S. live cattle futures rose more than one per cent on Monday, with the benchmark December contract touching a 2-1/2-month top after cash cattle traded late last week about US$2/cwt higher than the previous week, traders said. The five-area average price for cash cattle last week was just above $109/cwt, according to the U.S. Department of Agriculture, up from about $107 a week earlier (all figures US$). "Some of the trades done over the weekend were higher…
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Mosaic to further curb Saskatchewan potash output

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tagged Colonsay Esterhazy K3 mining Mosaic potash potash inventory potash markets saskatchewan
Fertilizer firm Mosaic Co. is dialing back production at another of its potash mines in eastern Saskatchewan as its potash inventories rise. Minnesota-based Mosaic Co. said Thursday it will "temporarily curtail" potash production at its Esterhazy mine, bringing the company's total production curtailments up to 600,000 tonnes. The added curtailment, the company said, is based on "increasing inventories as a result of a short-term slowdown in global potash markets" as well as "increased…
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Wet fall raises risk of Manitoba spring flood

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tagged flood floodway hydrological forecast centre manitoba North Dakota precipitation rain Red River Snow
MarketsFarm -- Manitoba's Red River Valley is very wet heading into the winter freeze, but it's still too early to say if the saturated soils will lead to flooding in the spring, according to provincial forecasters. The Manitoba government on Wednesday took the unprecedented step of opening the Red River Floodway, marking the first time the channel, which helps manage river levels in Winnipeg, was ever operated in the fall. Winnipeg received 153 millimetres of rain [Read more]

Federal Tories pledge to postpone new livestock transport rules

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tagged amendments animal health Canada Grain Act CGC livestock transport
A federal Conservative government would postpone major amendments to animal health regulations dealing with livestock transport, otherwise due to come into effect in February next year. Andrew Scheer's Conservatives on Friday released a platform promising a number of regulatory changes of interest to grain and livestock producers ahead of the federal election on Oct. 21. The incumbent Liberal government in February this year announced its amendments to the Health of Animals…
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U.S. regulators allow GM cotton as human food source

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tagged Chickpeas cotton cotton seed FDA fibre food genetically modified GM gmo gossypol protein Texas A+M
Washington | Reuters -- U.S. regulators on Friday gave the green light for genetically modified cotton to be used for human consumption, paving the way for a protein-packed new food source -- edible cottonseed that tastes a bit like chickpeas -- that its developers said could help tackle global malnutrition. The Food and Drug Administration's decision on the cotton plant developed by Texas A+M University scientists means it is allowed as food for people and all types of…
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Cash wheat bids: CWRS up with U.S. futures, improved basis

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tagged Canadian dollar cash wheat cbot CPSR CWRS durum K.C. wheat MGEX Wheat wheat bids
MarketsFarm -- Wheat bids in Western Canada were mixed during the week ended Thursday, with gains in some classes and losses in others as the domestic market reacted to adverse harvest weather and mixed activity in U.S. futures. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices were up by $4-$5 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 $223 per…
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U.S. farmers cheered by apparent trade truce

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tagged China dairy mnuchin partial partial deal Pork sorghum Soybeans trade deal Trump United States
Chicago | Reuters -- U.S. farmers cheered the Trump administration's announcement of a potentially dramatic increase in U.S. agricultural sales to China on Friday but warned they needed to see a follow-through of actual purchases. Treasury Secretary Steven Mnuchin said the agricultural purchases could scale up to $40 billion-$50 billion annually as part of a partial trade deal, potentially more than doubling the $24 billion in agricultural and related products China purchased from…
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U.S. grains: Corn jumps four per cent

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tagged cbot China closing markets Corn futures soybean tariffs trade Wheat
Chicago | Reuters -- U.S. corn futures surged more than four per cent on Friday while wheat and soybeans also firmed, buoyed by expectations for a partial U.S.-China trade deal and worries about wintry weather threatening crops in the Midwest, analysts said. Chicago Board of Trade December corn settled up 17-1/2 cents at $3.97-3/4 a bushel after reaching $3.98-3/4, its highest since Aug. 12 (all figures US$). CBOT December wheat ended up 15 cents at $5.08 a bushel after hitting…
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U.S. livestock: Hog futures up on trade progress, firm cash

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tagged Beef Cattle cash values Cattle China closing markets CME feeder cattle futures hogs lean hog live cattle Pork Swine
Chicago | Reuters -- U.S. lean hog futures rose more than one per cent on Friday, following broad strength in commodities tied to hopes for a U.S.-China trade deal, along with firm cash values for hogs and pork, analysts said. Chicago Mercantile Exchange benchmark December lean hog futures settled up 1.125 cents at 69.6 cents/lb. (all figures US$). After the CME close, the U.S. and China agreed to the first phase of a deal to end a trade war, prompting President Donald Trump to…
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