Insights and Stories on Markets

China rejects more U.S. corn amid rising trade conflict

Dec. 12, 2013 at 2:48 am CST

China has blocked the entry of another U.S. corn cargo, and three more may be turned away, after tests found a strain of unapproved genetically-modified (GMO) corn. But some believe the rejection may have been prompted by other trade disputes between the two countries. The latest cargo of 59,100 tonnes […]

ICE weekly outlook: Canola trending down

Dec. 11, 2013 at 11:19 pm CST

By Phil Franz-Warkentin

U.S. grains: Corn ends firm on strong ethanol production, technicals

Dec. 11, 2013 at 5:38 pm CST

By Julie Ingwersen

U.S. livestock: Live cattle settle up slightly, hogs mixed

Dec. 11, 2013 at 5:28 pm CST

By Meredith Davis

Kellogg to shut London cereal plant

Dec. 10, 2013 at 7:12 pm CST

U.S. livestock: Live cattle futures settle mixed, hogs lower

Dec. 10, 2013 at 5:58 pm CST

Chicago Mercantile Exchange live cattle futures closed mixed on Tuesday, with the December contract supported by steady cash expectations for this week while bearish spreads pressured the February contract, traders said. Cash cattle asking prices in Texas and Kansas surfaced at $134 per hundredweight (cwt) with no bids from packers, […]

By Meredith Davis

U.S. grains: Wheat nears three-month low on bigger-than-expected supplies

Dec. 10, 2013 at 5:11 pm CST

U.S. wheat futures approached a three-month low on Tuesday after a government crop report projected that global supplies will exceed analysts’ expectations. Corn and soybean futures slipped on profit-taking following the U.S. Department of Agriculture (USDA) report. Traders had been awaiting the monthly report for an update on global supplies […]

By Tom Polansek

ICE canola sets second volume record in under a week

Dec. 10, 2013 at 4:49 pm CST

Canola contracts on the ICE Futures Canada trading platform posted record daily trade volumes on Tuesday, far surpassing the previous record set only a week earlier. There were 68,962 canola contracts traded on the Winnipeg-based electronic market on Tuesday, according to preliminary trade data. That’s well above the previous daily […]

Oat prices stable despite ‘bearish’ StatsCan report

Dec. 10, 2013 at 4:43 pm CST

Statistics Canada’s crop production report last week should have been bearish for Canadian oat spot prices, but continued logistical issues appear to have kept prices relatively stable. “It’s shrugged off the outrageously bearish StatsCan numbers,” Ryan McKnight, grain merchant for Linear Grain at Carman, Man. said of the market. “Basis […]

By Brandon Logan

Klassen: Winter weather provides chills on feeder market

Dec. 9, 2013 at 8:47 pm CST

Extremely cold temperatures along with adverse feedlot conditions caused feeder cattle prices to trade steady to $3 per hundredweight (cwt) lower on average last week across Western Canada. This first blast of winter came as a shock to many feedyards, resulting in limited buying interest for fresh calves. The market […]

By Jerry Klassen