Insights and Stories on Markets

Jan. 17, 2014 at 5:03 pm CST

Chicago Mercantile Exchange live cattle futures gained modestly on Friday and finished with their sixth straight weekly gain, boosted as wholesale beef prices stayed at record highs, traders and analysts said. Friday morning’s wholesale choice beef price was $231.75 per hundredweight (cwt) in light sales volume, climbing $2.96 from Thursday […]

By Theopolis Waters

Jan. 16, 2014 at 5:44 pm CST

Competition for Lethbridge’s marketplace is heating up, as feed wheat and barley are nearly priced identically, leading to further declines in both markets. “It seems like they are both trading in the mid-C$150 (per tonne) range,” said Allen Pirness, senior trader at MarketPlace Commodities in Lethbridge. According to the Alberta […]

By Brandon Logan

Jan. 16, 2014 at 4:51 pm CST

Chicago Mercantile Exchange live cattle on Thursday finished in the plus column for a third straight day on profit-taking but off record highs, traders and analysts said. February live cattle closed 0.725 cents per pound higher at 140.15 cents, after hitting a new contract high of 141 cents in electronic […]

By Theopolis Waters

Jan. 16, 2014 at 4:22 pm CST

U.S. wheat futures rose on Thursday as recent declines spurred interest from bargain hunters as well as buyers on the export market, traders said. Corn edged higher, with the market finding some technical support after two straight days of losses erased two per cent of value. A better-than-expected export sales […]

By Mark Weinraub

Jan. 16, 2014 at 2:14 pm CST

A Manitoba company’s new canola processing plant on the U.S. West Coast has locked in demand from the biofuel sector for its canola oil — but has run up against a supply logjam. Pacific Coast Canola (PCC), the U.S. arm of Winnipeg-based Legumex Walker, on Wednesday announced a six-month contract […]