Wheat prices across the Canadian Prairies pulled back during the week ended Feb. 8. While there were moderate declines in Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, there were sharper losses for Canadian Western Amber Durum.
Prairie wheat weekly outlook: Prices down, especially for durum
Weaker Canadian dollar lends support, K.C., Chicago and Minneapolis wheat put pressure on prices
U.S. livestock: Live cattle, nearby feeder cattle futures firm
Lean hog futures bounce back from early lows
Chicago Mercantile Exchange live cattle and nearby feeder cattle futures turned higher on Thursday, supported by weakness in the corn market Cv1 and anticipation that the cash market will continue to firm, traders said.
Feed grain weekly outlook: Ample supplies pushing down prices
Livestock feeders well covered with U.S. corn, pressuring prices
Due to good supplies, prices for feed barley and wheat continued to slide back, according to Jim Beusekom of Market Place Commodities in Lethbridge, Alta.
U.S. grains: Soybeans turn higher, grains lower, on raft of government data
Falling Russian prices weigh over wheat futures; U.S. poised to regain title of top corn exporter
Chicago Board of Trade soybean futures ended the day higher on Thursday on a flurry of late-session buying, as the market struggled to gain clarity on the size of the Brazilian crop, traders said.
USDA raises U.S. carryout, tightens Brazilian production
World wheat carryout estimate downgraded, but well above previous year
Projected ending stocks of soybeans, corn and wheat in the United States were raised slightly higher in the latest supply/demand estimates from the United States Department of Agriculture, while production estimates for Brazil were revised lower.
Less Canadian wheat, more canola on hand to end 2023: StatCan
Some had anticipated even larger on-farm canola stocks, given slower export pace
Canadian wheat stocks at the end of 2023 were considerably tighter compared to the previous year, with oats, corn and pulse crops also seeing supply reductions, according to the latest stocks report from Statistics Canada, released Feb. 8, 2024. However, canola, barley and soybean stocks as of Dec. 31, 2023, were higher compared to the previous year.
El Nino waning, La Nina to develop in second half of 2024
La Nina likely to affect production of wheat, corn in US, soybeans, corn in Latin America, analyst says
The La Nina weather pattern could emerge in the second half of 2024, quickly after El Nino transitions into ENSO-neutral conditions in the middle of this year, a U.S. government weather forecaster said on Thursday.
Tractors choke Spanish city streets as farmers protest EU policy
Spain's government, EU distribute additional subsidies, scrap plan to halve pesticide use
Spanish farmers drove tractors through city streets, disrupting traffic on Thursday as they stepped up their protests against soaring costs, bureaucracy and cheap competition from outside the European Union.
U.S. grains: Corn, soybeans touch new multi-year lows on grain glut worries
Easing heat wave in Argentina tempers crop worries
Chicago corn prices dipped to a new three-year low on Wednesday, as weather charts showed a hot, dry spell in Argentina will give way to widespread rain in the coming days, traders said.
U.S. livestock: Cattle futures lower, hogs mixed on technical trading
Traders expect this week's prices in cash market to be higher than last week
Chicago Mercantile Exchange cattle futures turned lower on profit-taking on Wednesday, even as rising wholesale beef prices and a firming cash market continued to offer support to the market, traders said.
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