exports Archives - Page 151 of 176

CME October 2020 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hog futures limit up on pork export optimism

CME live cattle follow lean hogs higher

By GFM Network News September 11, 2020

Chicago | Reuters — U.S. lean hog futures closed up their daily limit on Thursday as confirmation of a case of African swine fever in a wild boar in Germany fueled expectations that pork importers would turn to the United States for supplies, traders said. Firming cash hog values and rising wholesale pork prices added […] Read more

Hogs, Livestock, Reuters

Swine fever found in Germany putting pork exports at risk

Country had been fencing off borders against wild boar

By GFM Network News September 10, 2020

Berlin/Hamburg | Reuters — Germany confirmed on Thursday that African swine fever (ASF) had been found in a dead wild boar near its border with Poland, threatening pork exports to China from Europe’s biggest pork producer, which were worth US$1.2 billion last year. Authorities in the German state of Brandenburg quarantined a 15-km area around […] Read more

CME October 2020 lean hogs with 20-, 100- and 200-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Hog futures rise as cash values firm

Live cattle follow cash cattle, beef prices lower

By GFM Network News September 10, 2020

Chicago | Reuters — U.S. lean hog futures rose on Wednesday, reaching a four-month high on firming cash hog prices, optimism about pork demand and technical buying, analysts said. The Chicago Mercantile Exchange October lean hog futures contract settled above its 200-day moving average, rising 1.475 cents to end at 61.375 cents/lb. after reaching 61.725 […] Read more

ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Canola shows volatility after long weekend

By GFM Network News September 9, 2020

MarketsFarm — Although there remains a lot of canola to be combined, one trader believes most harvest pressure on the market has already passed. “The farmers who wanted to sell off of the combine or shortly after, probably have done so already,” said Jerry Klassen, an independent Winnipeg commodities trader. There will still be some […] Read more

Crops, Markets

CBOT weekly outlook: Export demand underpins commodities

By GFM Network News September 9, 2020

MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) have found support from recent increases in global export demand. China has purchased nearly 900,000 tonnes of soybeans for delivery during the current marketing year, which began on Sept. 1. “It’s all about Chinese demand,” said Terry Reilly of Futures International in Chicago. “They […] Read more

CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Chinese buying, crop doubts push soy to two-year high

CBOT corn recoups some losses from previous day

By GFM Network News September 4, 2020

Chicago | Reuters — Increasing Chinese demand lifted U.S. soybean futures to their highest prices in more than two years on Friday, while corn futures rose on concerns about U.S. crop damage from adverse weather. The U.S. Department of Agriculture said private exporters sold 318,000 tonnes of U.S. soybeans to China and 175,000 tonnes of […] Read more

Barley. (Photo courtesy Canada Beef Inc.)

Barley, Crops, Markets, Reuters

China ban turns Australian barley growers toward domestic market

Growers may shift to alternative crops next season

By GFM Network News September 3, 2020

Sydney | Reuters — Australian farmers will be forced to sell their barley supplies to the domestic livestock industry or cheaper international markets after China effectively banned imports from Australia, farmers said on Wednesday. China late on Tuesday said it would ban barley imports from Australia’s largest grain exporter, just weeks after it slapped a […] Read more

Canola, Crops, Markets

ICE weekly outlook: How long can canola rally last?

By GFM Network News August 27, 2020

MarketsFarm — Canola on ICE Futures has continued to push higher over the last week largely due to the growing strength in soyoil on the Chicago Board of Trade. “We got soyoil at a seven-month high and that’s certainly a supportive factor in continuing to underpin our market,” said Keith Ferley, a trader with RBC […] Read more

Hogs, Livestock

Olymel’s Red Deer plant holds at one COVID case

Pork plant employee's contacts returning to work

By Dave Bedard, GFM Network News August 21, 2020

A production line employee at Olymel’s hog slaughter plant at Red Deer, Alta. remains the facility’s lone COVID-19 case after her contacts at the plant tested negative for the virus, the company says. Olymel, the meat packing arm of Quebec ag co-operative Sollio, confirmed the lone COVID-19 case at its Red Deer site on Aug. […] Read more

CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy ease as harvest, export prospects weighed

Wheat ends higher after mixed trade

By GFM Network News August 20, 2020

Chicago | Reuters — Chicago soybeans slipped on Thursday after a seven-month peak a day earlier, while corn eased as traders set recent storm damage against generally strong prospects for harvest yields. Wheat ended higher as traders digested competing signals for global supply. The most-active soybean contract on the Chicago Board Of Trade closed down […] Read more

U.S. livestock: Cattle futures higher on screwworm news

Trade mission heads for Japan as Canada becomes the country’s top pork supplier

U.S. grains: Soybeans drop on lack of Chinese demand, wheat hits contract lows

GFM Network News