Prairie CWRS bids up with improving basis — September 29, 2014

CNS Canada – Average cash bids for Canada Western Red Spring (CWRS) wheat were firmer across Western Canada during the week ended Friday, lifted by improving basis levels in many areas as quality problems and slow harvest progress remain a concern for the Canadian spring wheat crop. The highest CWRS prices were still available in […]

U.S. livestock: CME live cattle end higher, pare early losses — September 29, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Monday, erasing early-session losses as they gained on short-covering and fund buying before the end of the quarter on Tuesday, traders and analysts said. October live cattle closed up 2.5 cents per pound at 160.95 cents, and December was 2.375 cents […]

U.S. grains: Corn, soybeans rebound from multi-year lows — September 29, 2014

Chicago | Reuters — U.S. corn and soybeans edged higher on Monday, rebounding from multi-year lows reached earlier in the session as investors covered short positions ahead of a U.S. Department of Agriculture Department due on Tuesday. Wheat futures also were higher at the Chicago Board of Trade after the dollar trimmed gains against a […]

Late harvest, poor grain prices may limit fall fertilizer demand — September 29, 2014

CNS Canada – Poor grain prices and a late harvest may limit demand for fertilizer across North America this spring, according to an industry analyst. However, whether farmers will actually purchase less fertilizer remains to be seen, as record-large U.S. crops have also depleted nutrient levels, increasing the need for applications. “That’s the $64 million […]

Klassen: Feeder cattle market surges — September 29, 2014

Western Canadian feeder cattle prices surged $4-$6 per hundredweight (cwt) and in some cases as much as $10/cwt over the past seven days. Feedlot buyers became more aggressive in the market, now that corn silage season in southern Alberta is in the final stages. Favourable weather also enhanced buying interest, and the same old story […]

Better cash prices expected for canola, post-harvest — September 27, 2014

CNS Canada — Farmers in Western Canada have seen weaker prices on the cash market for canola recently, due to a tumbling futures market and an influx in supply as harvest progresses. Some panic-related farmer selling off the combine, as futures continue to drop, was also contributing to the weakness. But prices should start to […]

U.S. livestock: Nearby CME live cattle close up three-cent limit — September 26, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby trading months closed up the maximum three-cents-per-pound daily price limit, driven by short-covering and fund buying, traders said. October and December finished at 158.45 and 162.1 cents/lb., respectively (all figures US$). Deferred contracts may have drawn support from the outlook for tight supplies in the […]

PEDv shrinks U.S. hog herd, but low-cost feed limits decline — September 26, 2014

Reuters — The U.S. hog herd continued to shrink during the June-August quarter as a deadly pig virus lingered on farms, but the decline was less than expected, a U.S. Department of Agriculture report showed on Friday. The data also showed that producers least affected by the porcine epidemic diarrhea virus (PEDv) added to their […]