CNS Canada — Feed barley prices in Western Canada have shown some strength over the past month, but will need outside support to continue to move higher. Barley prices at Lethbridge, Alta. have moved off their harvest lows of $160 per tonne a month ago, to current levels around $180 per tonne, said Jim Beusekom […] Read more
Upside likely limited for rising feed barley market
U.S. livestock: Cash price record lifts CME live cattle to new high
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures touched a new high on Thursday in response to record-high prices for market-ready, or cash, cattle, traders said. Cash cattle in Texas and Kansas fetched $170 per hundredweight (cwt), up $6 from last week, and surpassed an all-time high of $166 set in parts of […] Read more
U.S. grains: Soybeans rally on robust export sales, technical buying
Chicago | Reuters — U.S. soybean futures rallied more than three per cent to a five-week high on Thursday on robust export demand and tight cash market supplies, with late-session technical buying adding to gains. Corn futures gained nearly two per cent and wheat climbed to a 1-1/2 month high on spillover strength from soybeans. […] Read more
ICE weekly outlook: Canola still married to soybeans
CNS Canada –– ICE Futures Canada canola futures were mostly higher during the week ended Wednesday, with some support coming from gains in the Chicago soy complex. Speculative-based short covering, after the January contract moved above the 30-day moving average at about $411 per tonne on Wednesday, was also bullish, according to analysts. The January […] Read more
Harvest pressure looms for corn, soybean futures
CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) moved higher during the week ended Wednesday, as rainfall over parts of the U.S. Midwest caused harvest delays. “The lows were put in at the beginning of October, and we’ve seen a nice rally off of that,” said market analyst Bryan […] Read more
U.S. wheat futures rising, but watching corn and beans
CNS Canada — U.S. wheat futures have shown some strength over the past month, but advancing harvest pressure from soybeans and corn may come forward to limit any additional independent strength in wheat over the next few weeks. After setting contract lows on Oct. 1, all three U.S. wheat markets have trended higher through the […] Read more
Olymel plans major expansion at Que. chicken plant
Meat packing giant Olymel has announced plans for $10 million in expansions and upgrades at one of its poultry further-processing plants in Quebec’s Monteregie region. The company said Wednesday the planned expansions at its Ste-Rosalie facility will include 15,000 additional square feet of work space and storage, including a third cooking line, a spice warehouse, […] Read more
PotashCorp fined for mine worker’s death
Reuters — A Saskatchewan court has fined PotashCorp $280,000 following a mine worker’s death in 2012 when a machine used to move ore to conveyor belts backed over him. A Provincial Court judge in Saskatoon fined PotashCorp on Tuesday after the world’s biggest fertilizer company pleaded guilty to one charge of failing to comply with […] Read more
Ex-Cargill beef plant worker fined in Alta. court
Reuters — A former worker at Cargill’s High River, Alta. beef plant has been fined for tampering with wastewater samples required by the province, Alberta officials said Wednesday. Cargill Ltd., the Canadian division of the privately held U.S. company, was required by Alberta to study the plant’s wastewater, and limit the amount of phosphorus discharged […] Read more
U.S. grains: Corn, soybeans slip as investors book profits
Reuters — Corn and soybeans fell on Wednesday as investors booked profits from recent gains, and with huge U.S. crops slowly coming off fields. Chicago wheat rose on technical buying. The rally was due to end, some said, after corn touched a seven-week high and soybeans notched a five-week top earlier in Wednesday’s session. Roy […] Read more