Daily News from Glacier Farm Media Network

Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME cattle dip on weak cash market, rising corn prices

By Heather Schlitz September 4, 2024

Chicago | Reuters – Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures fell on Wednesday following recent weakness in cash prices and as corn prices sustained a small rally, traders said. Traders also monitored U.S. beef demand. Demand for beef typically weakens after Labor Day, which is considered the last major grilling holiday […] Read more

Crops, Markets, Reuters

U.S. grains: Soy, corn rise on weather risks, wheat up on short covering

By Heather Schlitz September 4, 2024

Chicago | Reuters – Chicago soy futures rose on Wednesday on support from short-covering and weather risks. Corn on the Chicago Board of Trade (CBOT) rose on spillover support from soy futures while wheat increased as harvest pressure eased and traders covered short positions. Industry players have been assessing whether overly dry weather in the U.S. […] Read more

Canola, Markets

ICE Weekly: Canola market suddenly in a very bad position

By Glen Hallick - MarketsFarm September 4, 2024

China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more

People walk along the banks of the Mississippi River, which has seen record low water levels, in Grand Tower, Illinois, November 2, 2022.
Photo: Reuters/Evelyn Hockstein/File

Reuters

Low water on Mississippi River impacts barges, grain exports ahead of harvest

By P.J. Huffstutter September 4, 2024

Chicago | Reuters – Low water conditions have led to several barges running aground along a key stretch of the lower Mississippi River, the U.S. Coast Guard told Reuters on Wednesday, just as the busiest U.S. grain export season gets underway. Low water levels are slowing export-bound barge shipments of grain and oilseeds from the […] Read more

Markets, News

CBOT Weekly: Soybeans, corn off lows, sideways trade likely through harvest

By Phil Franz-Warkentin September 4, 2024

Soybean, corn and wheat futures in the United States were all showing modest strength in early September, recovering off their August lows as speculators bought back previously sold positions. “We’re seeing a little bit of short covering in these markets and the contract lows, at least over the short term, may be in,” said Terry […] Read more

The bank had held its benchmark rate at a two-decade high of 5 per cent for a year until June when it started the easing cycle. Photo: Getty Images

News

Bank of Canada cuts rate by 25 basis points

By Reuters September 4, 2024

The Bank of Canada has made another 25 basis point cut to its benchmark interest rate.

A partially harvested wheat field near Selkirk, Man., on Aug. 24, 2024. Photo: Greg Berg

Crops

Manitoba Crop Report: Harvest nearly one-quarter complete

By Adam Peleshaty September 4, 2024

Manitoba’s harvest continued to progress, reaching 24 per cent completion as of Sept. 2 despite light to moderate precipitation in most areas, according to the latest provincial crop report. Combining for winter wheat and fall rye was near complete at 97 per cent with a few fields in the northwest and Interlake regions yet to […] Read more

Reuters

Drought dominates Ukrainian winter grain sowing fields, forecasters say

By Pavel Polityuk September 4, 2024

Kyiv | Reuters – Ukrainian farmers have started sowing winter grain crops for the 2025 harvest, but the availability of moisture in the soil in most regions of Ukraine is extremely low, state weather forecasters said on Wednesday. In recent years, Ukraine has often experienced a lack of soil moisture during autumn sowing, but farmers […] Read more

Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME cattle, lean hog futures turn higher as wholesale prices firm

By P.J. Huffstutter September 3, 2024

Chicago | Reuters – Chicago Mercantile Exchange (CME) livestock futures turned higher on Tuesday, as wholesale prices firmed and the slaughter pace temporarily shrank as some plants shuttered over the holiday weekend, analysts said. Strong boxed beef prices continued to underpin cattle markets, traders said. Select boxed beef prices rose on Tuesday morning, with prices […] Read more

Crops, Markets, Reuters

U.S. grains: CBOT soybeans gain ground as canola tumbles on Chinese import probe

By P.J. Huffstutter September 3, 2024

Chicago | Reuters – Chicago Board of Trade soybean futures turned higher on Tuesday, at one point reaching a near four-week high, bolstered by export demand, crop condition concerns and news that China plans to launch an anti-dumping investigation into imports of Canadian canola, traders said. The ICE canola contract for November delivery RSX4 dropped […] Read more

GFM Network News

Association of Equipment Manufacturers sets up lobby in Ottawa

Corteva to split seeds, pesticide units into separate listed companies

Prairie spring wheat bids soften with U.S. futures

Daily news