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CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy sag on South America weather forecasts

Argentina rain outlook tempers crop fears

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Chicago | Reuters — U.S. corn and soybean futures tumbled on Thursday on expectations that rains forecast for dry crop-growing areas of South America may limit harvest losses, traders said. Weather forecasts show parched areas of Argentina, the world’s top exporter of processed soy and No. 2 producer of corn, may receive significant rainfall from […] Read more
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines) and K.C. March 2022 wheat (blue line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat up on export business

Corn, soy firm ahead of USDA data

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Chicago | Reuters — U.S. wheat futures rose about one per cent on Tuesday on a pickup in global export business and short-covering ahead of several key U.S. Department of Agriculture reports due on Wednesday, traders said. Corn and soybean futures edged higher ahead of the reports, which will include updated estimates of U.S. 2021 […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs sag on Wall Street woes, worker shortages

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Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures closed lower on Monday, pressured by declines on Wall Street along with slowdowns at slaughterhouses due to worker shortages, traders said. CME February live cattle futures settled down 1.075 cents at 136.25 cents/lb., while March feeder cattle futures ended down 1.325 cents […] Read more
Indian pork curry with naan bread. (Paul_Brighton/iStock/Getty Images)
Hogs, Livestock, Reuters

India to allow imports of U.S. pork and products

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Washington | Reuters — India has agreed to allow imports of U.S. pork and pork products into India, removing a longstanding barrier to U.S. agricultural trade, U.S. Trade Representative Katherine Tai and Agriculture Secretary Tom Vilsack said on Monday. “India’s agreement to allow U.S. pork imports for the first time is great news for U.S. […] Read more
CBOT March 2022 soybeans (candlesticks) with 20-day moving average (green line) and ICE March 2022 canola (yellow line, left column). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soy, corn sag on South American weather outlooks

Wheat firms

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Chicago | Reuters — U.S. soybean and corn futures fell on Monday on forecasts calling for much-needed rains in dry areas of South America, along with long liquidation ahead of several key U.S. government reports due at mid-week, analysts said. Wheat futures firmed on short-covering and the unwinding of inter-market spreads. Chicago Board of Trade […] Read more
(Photo courtesy Canada Beef Inc.)
General, Machinery, Markets, Reuters

Canada resists pressure to drop vaccine mandate for cross-border truckers

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Ottawa | Reuters — Canadian Prime Minister Justin Trudeau is pushing ahead with a vaccine mandate for international truckers despite increasing pressure from critics who say it will exacerbate driver shortages and drive up the price of goods imported from the United States. Canada will require all truckers entering from the U.S. to show proof […] Read more
Bulalo, a Filipino soup dish made with boiled bone-in beef shank. (Jun Pinzon/iStock/Getty Images)
Beef Cattle, Livestock, Markets, Reuters

China, Philippines suspend beef imports from Canada on BSE case

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Winnipeg | Reuters –– China and the Philippines have suspended imports of Canadian beef due to Canada’s detection in December of a cow infected with bovine spongiform encephalopathy (BSE), a spokesperson for Canada’s agriculture department said on Monday. The moves follow an import suspension by South Korea last month, after Canada reported its first BSE […] Read more
FCL’s Co-op Fertilizer Terminal at Brandon. (Photo courtesy Federated Co-operatives Ltd.)
Crops, Markets, Weather

Fertilizer prices to remain high for now

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MarketsFarm — There are two factors to consider when it comes to fertilizer. One is the cost as it’s to remain quite expensive at least through the first quarter of 2022, according to Chris Lawson, head of fertilizers for the CRU Group. The other is its availability, said Todd Lewis, president of the Agricultural Producers […] Read more
CBOT March 2022 soybeans (candlesticks) with 20-day moving average (yellow line) and CBOT March 2022 soymeal (green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans rally, following soymeal gains

Wheat capped by big Argentina, Australia crops

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Chicago | Reuters –– Chicago soybean futures rallied on Friday, supported by soymeal demand and weather issues in South America. Corn followed higher, although crops in Argentina and Brazil are likely less impacted by drought in the region as they have more time to benefit from rainfall expected later this month. Wheat rebounded from a […] Read more

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