A larger-than-expected cut to corn carryout in the USDA's monthly WASDE report on Dec. 10 affected prices at the Chicago Board of Trade.
Tag Archives Markets
CBOT Weekly: WASDE report brings surprise cut to corn
USDA adjusts world, Canadian canola/rapeseed data
Lowers world, Canadian production
The United States Department of Agriculture made a number of revisions to its data for canola/rapeseed in its monthly world oilseed report. On a particular note, the USDA cut its production estimate for Canada, the world's top producer of the oilseed.
China, EU account for upswing in Canadian grain, oilseed exports
Total exports through October up more than 18 per cent
Exports of Canadian oilseeds and grains for 2024/25 largely continued to be ahead of those a year ago, monthly data from the Canadian Grain Commission showed. Bulk exports through licensed facilities during the first three months of the current marketing year are more than 12.22 million tonnes, which compares with the approximately 10.33 million the same time last year.
Bearish speculative bets rise in canola futures
Speculative fund traders were busy putting on fresh bearish bets in early December, taking the net managed money short position back above 100,000 contracts for the first time in two months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Barley, Canola, Cereals, Corn, Lentils, Markets, News, Oats, Peas, Pulses, Soybeans, Spring Wheat, Winter Wheat
More wheat, less canola in 2024/25 says Statistics Canada
While Statistics Canada reported more wheat was grown in 2024/25, canola production fell back as the agency issued its principal field crops report on Dec. 5.
Feeder market trades at or near historical highs
The Markets: Larger supplies by numbers and weight will mean more beef supply year over year
During the last week of October, Alberta packers were buying fed cattle on a dressed basis in the range of $403-$408 per hundredweight ($242-$245/cwt on a live basis). This was unchanged from a month earlier. Breakeven pen closeouts are in the range of $250-$255/cwt, so margins are in negative territory for the time being. The […] Read more
Editor’s Rant: Next order of business
Given all that’s known so far about the guy, I’m not optimistic. Whether you or I like him or not, though, by this time next month, he’ll again be president of the United States. To anyone suggesting Canadians should just clam up about this development south of the border and mind our own business, I’d […] Read more
Australia’s canola improves but still lower than 2023/24
Bumps up wheat estimate, trims barley outlook
Of Australia's three largest winter crops for 2024/25, canola production was projected to be down from the previous year. Meanwhile, estimates for wheat and barley output were forecast to be higher than a year ago.
Bitcoin at record highs, sets sights on $100,000
Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration.
Canadian agriculture minister visits China
MacAulay in China week of Nov. 11
The Canadian government confirmed on Nov. 19 that Agriculture and Agri-Food Minister Lawrence MacAulay met with Chinese officials to discuss the canola trade between the two countries. This came about a week after rumours in the media began swirling about the trip.
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