Ukraine's 2024/25 grain exports are likely to decrease to around 40 million metric tons from almost 51 million tons in 2023/24 due to a smaller harvest, the first deputy agriculture minister Taras Vysotskiy said on Friday.
Chicago Mercantile Exchange live cattle futures bounced back on Thursday as a strong cash market and a bump in beef demand lent support to prices, traders said.
Chicago wheat extended gains on Thursday as traders assessed whether increased tensions between Russia and Ukraine and persistent dryness in grain production areas around the world may curb global wheat exports, analysts said.
Feed grain prices on the Canadian Prairies have been pushing higher and are likely to continue on that upswing for now, said CorNine Commodities Ltd. trade manager Travis Ebens.
Combining in Saskatchewan is virtually complete with the provincial report putting the harvest at 97 per cent finished overall. That's a gain of six points during the week ended Oct. 7, as parts of the province contended with rain delays.
There is a 60 per cent chance of La Niña weather conditions emerging in September-November and they are expected to persist through January-March 2025, a U.S. government forecaster said on Thursday.
World wheat inventories have fallen from record highs five years ago, U.S. data shows, as poor weather hurt output and Russia's 2022 invasion of Ukraine temporarily spiked grain prices.
Dockworkers at the Port of Montreal have begun an overtime strike on Thursday morning, the port authority said, as negotiations over a new contract make little progress.
Chicago Board of Trade corn and soybean futures ticked higher in choppy trading on Wednesday, boosted by strength in the financial markets and as traders adjusted positions ahead of a government supply-and-demand report, market analysts said.