Insights and Stories on Markets

Jun. 17, 2014 at 6:17 pm CDT

“Ongoing tightness” in the granular potash market will keep a New Brunswick mine staffed and operating past its scheduled closing date. Fertilizer giant PotashCorp announced Monday it has “rescinded” the layoff notices for about 50 employees at its Penobsquis mine at Sussex, N.B. The layoffs had been issued in the wake […]

By Staff

Jun. 17, 2014 at 5:34 pm CDT

CNS Canada — Flax prices in Canada look strong in a year with acreage and export demand both high, according to the Flax Council of Canada. “I think relative to the other commodities (flax prices are) quite favourable,” council president Will Hill said. “Just in talking with producers, they’re pretty […]

By Marney Blunt

Jun. 17, 2014 at 4:35 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday in anticipation of a seasonal bump in supplies that could pressure prices for market-ready or cash cattle, traders said. “It seemed like we delayed some bad news,” said EBOTTrading.com senior analyst John Kleist. Stronger-than-usual beef clearance […]

By Theopolis Waters

Jun. 17, 2014 at 4:21 pm CDT

Chicago | Reuters — U.S. soybean futures fell 1.7 per cent at the Chicago Board of Trade on Tuesday, dropping below US$14 a bushel for the first time since March 24, on the easing of pressure on the U.S. balance sheet, traders said. Corn also weakened, hitting a 4-1/2-month low, […]

By Mark Weinraub

Jun. 17, 2014 at 3:59 pm CDT

Washington | Reuters –– Hong Kong has agreed to lift trade restrictions on certain types of U.S. beef, a move that should boost exports to what is already the fourth-largest export market for U.S. beef and beef products, the U.S. said Tuesday. In 2003, Hong Kong banned all U.S. beef […]