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Corn in progress just east of Blumenort, Man. on July 20, 2022. (Dave Bedard photo)
Crops, Markets

CBOT weekly outlook: Keep an eye on the weather

Corn, soy seen trending lower

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MarketsFarm — As soybeans and corn trend downward on the Chicago Board of Trade, wheat is poised to climb higher, according to Andrew Mages, analyst with Progressive Ag at Fargo, N.D. The weather outlook has called for scattered showers over the next couple of weeks, which will impact crops in some way, he said. “The […] Read more
File photo of a rapeseed field in southern China’s Yunnan province. (YuenWu/iStock/Getty Images)
Crops, Markets

USDA attaché alters call on China’s ending stocks

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MarketsFarm — Ahead of the July world supply and demand estimates from the U.S. Department of Agriculture (USDA), due out Tuesday, the department’s attaché in Beijing put forth its forecast changes. The attaché lowered ending stocks for China’s new-crop soybeans and rapeseed, while it increased the carryover for new-crop corn and wheat, in reports released […] Read more
CME August 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hogs advance in turnaround from losses

Live hog futures in China drop sharply

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Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures closed stronger on Wednesday as the livestock markets recovered from losses in the previous session that were linked to fears of a global economic recession, traders said. Wall Street also finished higher, after broad declines in equities and commodities on Tuesday spilled over into […] Read more
File photo of pigs on a farm in Germany. (FooTToo/iStock/Getty Images)
Hogs, Livestock, Markets, Reuters

Swine fever outbreak in Germany’s top pork state poses lasting threat

Risk seen for spread to neighbours Netherlands, France

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Hamburg | Reuters — The spread of African swine fever to Germany’s most important pig rearing region has dealt a serious blow to the sector with major markets such as China likely to maintain import bans for years to come, analysts said on Monday. The outbreak on a farm in Emsland, Lower Saxony is the […] Read more
CBOT July 2022 corn (candlesticks) with Bollinger bands (20,2) and 50-day moving average (orange line). (Barchart)
Crops, Markets

CBOT weekly outlook: Prices likely to trend downward

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MarketsFarm — With weather in the U.S. becoming more favourable for spring planting, combined with other factors, prices on the Chicago Board of Trade CBOT) are expected to push lower, according to Scott Capinegro of Barrington Commodity Brokers at Barrington, Ill. “If you’re getting it planted and it rains, the stuff is off to a […] Read more
Huawei Technologies’ logo is shown on its France headquarters at Boulogne-Billancourt just west of Paris on Feb. 17, 2021. (Photo: Reuters/Gonzalo Fuentes)
Canola, Crops, Machinery, Reuters

Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies

Move comes as diplomatic tensions ease, canola block lifted

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Ottawa | Reuters — Canada on Thursday said it plans to ban the use of China’s Huawei Technologies and ZTE Corp. 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network. “We intend to exclude Huawei and ZTE from our 5G networks,” Industry Minister Francois-Philippe Champagne told reporters in […] Read more
(Xinzheng/Getty Images)
Canola, Crops, Markets

China lifts block on Canadian grain firms’ canola exports

Canola from Richardson, Viterra again allowed, officials report

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Officials say China has reinstated market access for two major grain firms whose exports of Canadian canola have been blocked from Chinese ports since 2019. Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau, in a joint statement Wednesday, confirmed the decision by Chinese customs officials allowing Richardson International and Viterra to resume canola […] Read more

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