Chicago | Reuters – Cattle futures on the Chicago Mercantile Exchange rose for a second session on Wednesday in technical trading, as wholesale beef prices firmed, traders said. The U.S. Department of Agriculture quoted the choice boxed beef cutout value at $366.18 per hundredweight (cwt) on Wednesday morning, up $1.42 from a day earlier. Select […] Read more
Chicago | Reuters – Chicago soybean futures bounced on Wednesday on a slow start to the South American harvest. Meanwhile, talks between U.S. and Chinese officials boosted export sentiment and shifted attention from a diplomatic dispute over Greenland, analysts said. Wheat and corn also rebounded from drops a day earlier, with mixed weather conditions in […] Read more
Canadian farmers will plant more canola in 2026/27, while lowering their pulse and special crop area, according to the first supply/demand estimates from Agriculture and Agri-Food Canada for the upcoming marketing year.
In order to get Canadian farmers to plant at least the same amount of canola this spring as they did last spring, they are likely going to need a premium, said Jerry Klassen, analyst with Resilient Capital in Winnipeg.
Soybean futures at the Chicago Board of Trade moved off nearby lows during the week ended Jan. 21, as solid export sales and talk of movement on biofuel blending requirements in the United States provided support. However, the advancing South American harvest may limit further gains.