Insights and Stories on Markets

U.S. grains: Soy off on technical sales, soymeal drop

Dec. 18, 2013 at 7:44 pm CST

U.S. soybean futures fell 1.6 per cent on Wednesday, dropping on a wave of technical selling after early strength failed to push prices above last week’s highs, traders said. Wheat and corn also were weak, with wheat sagging to an 18-month low as huge global supplies crimp demand for U.S. […]

U.S. livestock: Lower cash prices pressure CME live cattle

Dec. 18, 2013 at 7:35 pm CST

By Theopolis Waters

ICE weekly outlook: Canola hasn’t bottomed yet

Dec. 18, 2013 at 7:22 pm CST

By Terryn Shiells

Two Weyburn Terminal directors quit as sale eyed

Dec. 17, 2013 at 7:56 pm CST

U.S. livestock: CME hogs slide on weak cash price expectations

Dec. 17, 2013 at 6:16 pm CST

By Theopolis Waters

U.S. grains: Soy up for third day on meal exports, cash meal

Dec. 17, 2013 at 5:45 pm CST

U.S. soybean futures rose 0.5 per cent on Tuesday, their third straight session of gains, due to higher soymeal, active soymeal exports and stronger cash soymeal markets. The January soymeal contract rose to a contract high of $449.30 per ton in reaction to the active exports and to tight soymeal […]

By Sam Nelson

U.S. livestock: Beef quotes send CME live cattle higher

Dec. 16, 2013 at 6:24 pm CST

Chicago Mercantile Exchange live cattle futures snapped back from morning lows on Monday, helped by short-covering in response to the turnaround in wholesale beef prices, traders said. The morning wholesale choice beef price jumped $1.23 from Friday to $200.12 per hundredweight (cwt). Select items gained $1.10, to $188.11, based on […]

By Theopolis Waters

U.S. grains: Wheat hits contract lows

Dec. 16, 2013 at 6:09 pm CST

U.S. wheat futures fell 1.1 per cent on Monday, hitting new contract lows because of plentiful global supplies and a wave of technical selling, traders said. Corn futures also fell, but soybeans firmed on bargain buying following a weak start. Chicago Board of Trade soft red winter wheat notched the […]

By Mark Weinraub

Prairie wheat bids down with U.S. futures

Dec. 16, 2013 at 5:40 pm CST

Western Canadian wheat cash bids moved lower during the week ended Monday, following losses seen in the U.S. futures markets. Basis levels also widened for both Canada Western Red Spring (CWRS) and Canadian Prairie Spring Red (CPSR) varieties, which contributed to the price weakness. Average spot bids for CWRS (13.5 […]

By Terryn Shiells

Klassen: Year-end buying underpins feeder market

Dec. 15, 2013 at 2:50 am CST

Western Canadian feeder cattle values were steady to $2 per hundredweight (cwt) higher last week as year-end pent-up demand stepped forward more aggressively. While winter conditions tempered buying enthusiasm from major feedlot operators, there appeared to be more interest from the small farmer/feedlot operator that will place cattle in the […]

By Jerry Klassen