Chicago | Reuters – Chicago soybean futures edge up on Wednesday, as concern adverse weather will curb production in top exporter Brazil kept prices close to their highest since August. Corn futures rose on technical trading, as the market closely watches if weather woes in Argentina will impact the country’s corn crop. And wheat futures […] Read more
U.S. grains: Soy, corn futures rise on South American weather questions
CBOT weekly outlook: All quiet on the CBOT front
MarketsFarm – The week between Christmas and New Year’s Day is typically a time for the markets to slow down, and at the Chicago Board of Trade (CBOT), that’s certainly the case. At approximately 10:50 a.m. CST, the volumes for both the highly-traded March corn and soybean contracts did not exceed 78,000, while a typical […] Read more
Record amount of grain moved, CN goes over revenue limit
The Canadian Transportation Agency (CTA) recently ruled that Canadian National Railway exceeded its maximum grain revenue entitlements for the 2020/21 crop year. Meanwhile, the CTA stated that Canadian Pacific was under its entitlement. The CTA’s report stated that CN’s revenue from transporting Western Canadian grain was nearly C$1.045 billion and was C$2.4 million over its […] Read more
China to give safety approval to more domestic GMO corn types
Beijing | Reuters – China plans to approve the safety of more genetically modified (GMO) corn varieties produced by domestic companies, the agriculture ministry said on Dec. 27. The move comes after Beijing last month proposed an overhaul of regulatory seed rules to pave the way for approval of GMO crops and as top policy […] Read more
Pulse weekly outlook: Transport issues, cold weather may affect prices
MarketsFarm – While significant price movement for pulses has been hard to find as 2022 approaches, major impacts can still be felt when it comes to supply chains. “This time of year, it is very quiet for farmers, processors, exporters, shipping and everything overall,” said Lionel Ector, president of Diefenbaker Spice & Pulse (DSP) in […] Read more
U.S. grains: Soybean, corn slides on profit-taking amid South American weather woes
Chicago | Reuters – Chicago soybean futures fell on profit-taking on Tuesday, as uncertainty over weather forecasts in South America continued to spark questions over global supplies, traders said. Wheat prices fell sharply, extending losses from the previous session, as investors began to jockey their positions ahead of the year-end. And corn futures slipped, as […] Read more
U.S. livestock: Cattle futures rise on expectations of beef demand; hogs ease
Chicago | Reuters – Chicago Mercantile Exchange cattle futures finished higher on Tuesday, as slaughter rates increased and carcass cutout values continued to firm, traders said. There is an expectation of beef prices continuing to firm and demand be strong going into the first quarter of 2022, said Doug Houghton, analyst with Brock Capital Management. […] Read more
Manitoba Ag Days postponed on COVID protocols
The 2022 edition of Manitoba Ag Days will not proceed next month as originally planned. Ag Days’ management team and directors have postponed the event – now to be determined at a later date – originally scheduled for January 18-20, 2022, in Brandon, Man., based on new COVID-19 public health orders issued by the Manitoba […] Read more
Klassen: Feeder market closes year on firm tone
There were no major sales last week; however, a few auction barns held sales with a light run of feeder cattle along with bred cows and bred heifers. Compared to seven days earlier, western Canadian feeder cattle prices were relatively unchanged. Liquidation of the cow herd was the main feature on both sides of the […] Read more
U.S. livestock: CME hog futures touch four-week high
Chicago cattle futures ease
Chicago | Reuters — U.S. hog futures rose for the fourth straight trading session on Monday, as the market continued to see support from a government report last week that showed smaller-than-expected national inventory numbers, traders said. Most-active February hog futures settled the day up 0.425 cent at 83.65 cents/lb. (all figures US$). Earlier in […] Read more
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