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Canada, Mexico urge quick NAFTA talks to end uncertainty

Washington/Ottawa | Reuters — Top Canadian and Mexican diplomats expressed optimism on Thursday that a NAFTA deal could be reached early next year and cautioned that widespread uncertainty over the future of the three-way trade agreement had slowed business investment. Mexican sources say the plan is to hold seven rounds of talks at three-week intervals, […] Read more

U.S. livestock: Live cattle slump on profit-taking, cash caution

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, erasing most of Wednesday’s gains, pressured by profit-taking and caution while awaiting remaining cash prices, traders said. Technical selling contributed to market losses ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday, traders said. USDA will […] Read more



cbot

CBOT weekly outlook: Corn, soy seen rising

CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving in turbulent trade with each U.S. weather forecast. “It’s all on raindrops right now,” said Scott Capinegro of Barrington Commodity Brokers. Recent forecasts for rain have pressured corn and soybean markets, though declining crop conditions could provide support moving forward. […] Read more


U.S. livestock: CME live cattle jump

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained sharply on Wednesday, fueled by short-covering in response to higher-than-expected preliminary cash prices, said traders. They said fund buying contributed to market advances. August ended 2.2 cents/lb. higher at 117.275 cents and above the 20-day moving average of 115.838 cents (all figures US$). October […] Read more



Alabama finds atypical BSE case

Reuters — An 11-year-old cow in Alabama tested positive for bovine spongiform encephalopathy (BSE), the U.S. Department of Agriculture said on Tuesday. The cow tested positive for the atypical L-type of BSE after exhibiting clinical signs at an Alabama livestock market, USDA said in a press release. Atypical BSE can arise spontaneously in cattle herds, […] Read more



U.S. livestock: CME live cattle buckle under technical pressure

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, hit by profit-taking and technical selling, said traders and analysts. They said some funds sold August futures and simultaneously bought the October contract. Positioning in advance of the U.S. Department of Agriculture monthly Cattle on Feed report on Friday exerted more […] Read more