Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures eased on Wednesday as a weak tone to the cash cattle market and lower beef prices anchored futures, traders said.
Lower equities markets also cast a shadow over cattle futures as the Dow Jones Industrial Average fell for a fourth consecutive day, raising concerns about slowing restaurant traffic as consumers curb spending.
Futures traders are awaiting more active cash cattle trade at U.S. Plains markets, where…
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U.S. grains: Soybeans higher on slow harvest pace
tagged cbot China closing markets corn futures harvest soybean futures soybeans Trump USDA wheat futures
Chicago | Reuters -- U.S. soybean futures rose on Wednesday on a slower-than-expected harvest pace and news of fresh export sales, although plentiful global supplies kept a lid on the market, analysts said.
Wheat futures fell on sluggish export demand while corn futures ended narrowly mixed.
Chicago Board of Trade January soybean futures settled up 5-1/4 cents at $8.83-1/2 per bushel (all figures US$). CBOT December wheat ended down 4-3/4 cents at $5.03 a bushel and December corn…
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La Coop federee’s Ontario grain play cleared
tagged Agromart Agronomy Co. cargill Competition Bureau Coop federee crop input grain handling La Coop Sollio South West Ag
La Coop federee's plans to expand into southern Ontario's grain handling and crop input retail sectors are now down by four retail sites.
The federal Competition Bureau said Tuesday it has an agreement in place for its approval of a deal which will see Cargill's Ontario grain and ag retail outlets and its joint-venture stake in South West Ag Partners go to La Coop for an undisclosed sum.
For the deal, which was [Read more]
Trends stand out in StatsCan crop data: report
tagged canola crop estimates preliminary production reports statistics canada statscan survey trends wheat
CNS Canada -- Second-guessing Statistics Canada's crop information may be a time-honoured tradition across the Prairies, but there are trends in the data that stand out, according to a recent report from the government agency.
Looking at data over the past decade, total seeded canola acres were revised higher in the June survey compared to the March intentions report every year, according to the…
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JBS posts narrower-than-expected quarterly loss
tagged beef Brazil chicken earnings EBITDA JBS meats sales Seara
Sao Paulo | Reuters -- Brazil-based food company JBS SA on Tuesday posted a narrower than expected quarterly loss on the back of a strong performance by its Seara processed foods and Brazil beef divisions, and resilience in certain of its U.S. operations.
Seara booked net sales of 4.9 billion reais (C$1.72 billion) last quarter, a nine per cent rise from a year earlier, as a result of higher sales prices both domestically and in export markets, JBS said in a securities…
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U.S. grains: Corn, wheat follow broad commodities weakness
tagged cbot closing markets commodities corn futures crude oil equities ethanol soybean futures USDA wheat futures
Chicago | Reuters -- U.S. corn futures fell more than one per cent on Tuesday, following broad declines in commodities led by sagging crude oil futures, analysts said.
Wheat futures fell about two per cent, retreating after Monday's short-covering rally, and soybeans were also lower.
Chicago Board of Trade December corn settled down 4-3/4 cents at $3.66-1/2 a bushel after dipping to $3.65-1/2, the contract's lowest level since Nov. 2.
CBOT December wheat ended down 12 cents at…
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U.S. livestock: Feeder cattle rally from five-month low in technical bounce
tagged cattle futures closing markets CME feeder cattle hog futures lean hog live cattle
Chicago | Reuters -- Chicago Mercantile Exchange feeder cattle futures rallied from five-month lows on Tuesday in a short-covering and technical-buying bounce, traders said.
Live cattle futures followed feeders higher, although gains were clipped by limited packer demand for U.S. Plains feedlot cattle ahead of next week's shortened Thanksgiving holiday week slaughter.
Actively traded January feeder cattle touched a five-month low before rallying more than two per cent and closing…
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Klassen: Weather weighs on feeder cattle
tagged alberta calves cattle futures cattle markets deathloss fed cattle feeder cattle heifers Klassen margins steers yardage
Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $6 lower. Eastern Prairie regions experienced demand from Ontario and Quebec, which limited the downside; however, Alberta markets faltered as buyers, having factored in a higher deathloss due to adverse weather.
Light wet snow along with warmer temperatures during the day and freezing temperatures at night can take a toll on calves, especially in the lighter weight categories. In some regions, forage…
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New Brunswick ag, fisheries files remarried
tagged agriculture aquaculture Gagetown new brunswick Ross Wetmore
New Brunswick's incoming minority Progressive Conservative government will again have one minister handling the province's agriculture and aquaculture files.
Premier Blaine Higgs on Friday announced Gagetown-Petitcodiac MLA Ross Wetmore as his minister of agriculture, aquaculture and fisheries.
Wetmore, 65, replaces Andrew Harvey and Benoit Bourque, who had handled the agriculture and fisheries portfolios respectively on an acting basis up until Brian Gallant's Liberals lost a…
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Kellogg explores sale of cookie, fruit snack businesses
tagged cookies fruit snacks Keebler Kellogg packaged food
Reuters -- Kellogg Co. said Monday it would reorganize its North American division and explore a sale of its cookies and fruit snacks units, which include brands such as Keebler and Stretch Island, as it sharpens focus on its core businesses.
Like other packaged food makers, Kellogg has struggled to boost sales as consumers shift toward healthier alternatives, while competition from Amazon and other online retailers has resulted in intense pricing pressure.
The announcement comes…
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