Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid ongoing concern over animal weights shrinking and a steady stream of heifers being sent to slaughter, traders said. Rising cash cattle prices also gave the beef market a boost on the day, traders said. The U.S. Department of Agriculture said meat processors […] Read more
U.S. livestock: CME cattle futures rise on supply concerns
Chicago lean hogs slump
Pulse weekly outlook: Smaller North American dry bean crops to underpin prices
Canada's edible bean crop estimated smallest since 2016
MarketsFarm — Variable weather conditions during the 2023 growing season cut into edible bean production in some key North American growing regions, with tighter supplies overall likely to keep prices well supported. “The whole world is a little short of beans this year,” said Mitch Coulter, executive director of the Northarvest Bean Growers Association in […] Read more
Hold off on milk price hike, dairy farmers say
Dairy commission to consult again before making annual adjustment
The process to set the next national price adjustment for Canadian milk will now take an extra week, triggered by stakeholder objections, for a round of consultations — in which the national dairy farmer group plans to call for a delay on any increase. The Canadian Dairy Commission — the Crown corporation managing Canada’s milk […] Read more
Fund short position grows in canola
Funds shift to net short in CBOT soybeans
MarketsFarm — The managed money net short position in ICE canola futures continued to grow in early October as speculators liquidated long positions and put on new shorts, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 10, the net managed-money short position in canola […] Read more
U.S. grains: Wheat down off two-week high on global demand
U.S. says soybean harvest is 62 per cent complete
Chicago | Reuters — Chicago Board of Trade wheat futures ended lower on Monday after rising earlier to their highest level in more than two weeks on hopes for global demand. Corn futures also eased as traders monitored the U.S. harvest, while gains in soyoil futures helped lift the soybean market, analysts said. After trading […] Read more
U.S. livestock: CME hog, cattle futures decline
Pigs seen bulking up on new-crop corn
Chicago | Reuters — Chicago Mercantile Exchange livestock markets weakened on Monday, with lean hog futures nearing their lowest price in more than four months. Concerns about lacklustre demand for U.S. pork continued to hang over the market, analysts said. Seasonally, hog futures also tend to decline around this time of year as pigs fatten […] Read more
Investment firm buys Saskatchewan drying system maker
EIC buys DryAir for $60 million
A Winnipeg investment firm with ownership stakes in Canadian manufacturing and airlines has bought a Saskatchewan company that makes heating and drying systems for grain growers and other sectors. Exchange Income Corp. (EIC) announced Oct. 5 it has bought DryAir Manufacturing of St. Brieux for about $60 million in cash and EIC stock. DryAir, in […] Read more
Prairie cash wheat: Most bids lower
U.S. wheat futures down on week
MarketsFarm — Bids for Canada Western Red Spring (CWRS) wheat were lower in Manitoba, but higher in the rest of the Prairies, while those for Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheat also went down during the week ended Thursday. U.S. wheat futures declined for the week, but were supported […] Read more
EU countries fail to agree on extending glyphosate approval
Current approval expires Dec. 15
Brussels | Reuters — European Union governments failed on Friday to give a decisive opinion on a proposal to extend by 10 years EU approval for the use of glyphosate, the active ingredient in Bayer’s Roundup herbicide. A “qualified majority” of 15 countries representing at least 65 per cent of the bloc’s population had been […] Read more
Major U.S. peach producer files for bankruptcy to pursue sale
Setbacks have included salmonella, fires, heavy debts
New York | Reuters — Prima, a private-equity backed farmer that is the largest producer of peaches and other stone fruit in North America, filed for Chapter 11 bankruptcy protection in Delaware on Friday. The company, owned by private equity firm Paine Schwartz Partners, has about $679 million in debt, and plans to sell its […] Read more
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