CME June 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME live cattle bounce back on bargain buying

July hogs touch six-day high, end lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Tuesday in a rebound from recent losses, brokers said. However, concerns about the risk of beef demand falling due to U.S. inflation continued to hang over the market, analysts said. They warn rising prices may increasingly push consumers to eat cheaper food […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Rains enhance demand for grass cattle

Deferred cattle futures showing strength

Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged; steer calves under 700 lbs. were steady to $2 higher on average; heifer calves were steady to $5 higher. Southern Alberta, along with the western half of Alberta, received 30-40 mm of rain over the week which enhanced demand for […] Read more


CBOT July 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)

U.S. grains: Soy futures rally to 10-year top

Corn firm, wheat falls

Chicago | Reuters — U.S. soybean futures rallied on Thursday, hitting their highest in nearly a decade and threatening their all-time high on signs of good export demand for U.S. supplies, traders said. Corn futures also rose, with cash market strength underpinning the tight supply situation. Wheat futures fell on improving weather for U.S. and […] Read more



Aerial view of the Nika-Tera port terminal at Mykolaiv, Ukraine from a 2020 corporate video. (Nika-Tera video screengrab via YouTube)

Russian attack destroys warehouses of major Ukrainian port terminal, owner says

Kyiv | Reuters — Russian shelling destroyed the warehouses of one of Ukraine’s largest agricultural commodities terminals in the Black Sea port of Mykolaiv over the weekend, authorities and the facility’s owner said Tuesday. The attack came at a time Turkey is trying to develop a U.N.-backed plan to start grain exports from Ukraine’s ports, […] Read more

CBOT July 2022 wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat futures rally, pull corn higher

Soy also gains; Ukraine grain export prospects dim

Chicago | Reuters — U.S. wheat futures surged 5.1 per cent on Monday, supported by concerns about lengthy disruptions to shipments out of Ukraine as fighting intensified in that key grain export country. The strength in wheat spilled over into the corn market, which was on track to snap a streak of four straight negative […] Read more





(Alfio Manciagli/iStock/Getty Images)

Canola exports slow to trickle

Wheat exports also well behind curve: CGC

MarketsFarm — Canadian canola exports have slowed to a trickle, as supplies dwindle with only two months left in the current marketing year. Only 900 tonnes of canola were exported out of the country during the week ended May 27, according to the latest data from the Canadian Grain Commission. That was down from the […] Read more

File photo of barley being loaded for export at the Black Sea port of Mykolaiv, Ukraine on July 9, 2013. (Photo: Reuters/Vincent Mundy)

Ukraine envoy says Turkey among destinations of grain stolen by Russia

Ankara | Reuters — Kyiv’s ambassador to Ankara said on Friday Turkish buyers were among those receiving grain that Russia stole from Ukraine, adding he has sought Turkey’s help to identify and capture individuals responsible for the shipments. Russia and Ukraine account for nearly a third of global wheat supplies, while Russia also heavily exports […] Read more