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Crops, Markets

Feed Grains: EU votes down proposed GMO opt-out

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Reading Time: < 1 minute By Commodity News Service Canada Winnipeg, October 28 – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, October 28. –   CBOT corn futures were weaker on Wednesday, with the December contract quoted at US$3.7750 per bushel at midsession, as the advancing US harvest weighed on values. –   The […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle close lower, but up from session lows

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Tuesday, pressured by cash price pessimism that later improved, following unexpectedly better cash prices which lifted contracts from morning lows, traders said. Spot October closed 2.875 cents/lb. lower at 136.675 cents, but is currently down 0.675 cents, to 138.875, in electronic trading […] Read more
(Barry Wilmore photo courtesy NASA)
Crops, Markets

Global markets: U.S. Federal Reserve to meet this week

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Reading Time: < 1 minute CNS Canada –– The following is a glance at the news moving markets globally. U.S. FEDERAL RESERVE TO MEET, MAKE POLICY ANNOUNCEMENT — Members of the U.S. Federal Reserve are starting their meeting on Tuesday, and are expected to conclude on Wednesday. Markets fell ahead of the meeting as investors were uncertain about the outcome […] Read more
Crops, Markets

Feed: Cheap Brazilian corn bound for U.S.

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Reading Time: < 1 minute CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Tuesday, Oct. 27. • CBOT corn futures were weaker on Tuesday, with the December contract quoted at US$3.8025 per bushel at midsession, as the advancing U.S. harvest weighed on values. • Sorghum production in Mexico “has been plagued […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle, hogs sag while digesting meat warnings

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, following last Friday’s cash prices that fell short of expectations and worries over potential consumer response to news about a possible tie to red meat and cancer risk, traders said. The World Health Organization (WHO) warned that eating processed meats can […] Read more
Crops, Markets

Feed: U.S. cattle on feed edge up

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Reading Time: < 1 minute CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Monday, Oct. 26. • CBOT corn futures were stronger on Monday, with the December contract quoted at US$3.845 per bushel, as a rally in wheat provided spillover support. However, the advancing US harvest and generally improving yield prospects […] Read more
(Dave Bedard photo)
Crops, Markets

CP books more grain revenue on less grain in Q3

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Reading Time: 2 minutes Canadian Pacific Railway (CP) boosted its income from Canadian grain by five per cent in its third quarter ending Sept. 30, on its way to its highest-ever Q3 gross revenue. Across all its business segments, the Calgary-based railway on Tuesday reported net income of $323 million on $1.709 billion in revenue for the quarter, down […] Read more
(Government of Alberta via Flickr)
Livestock

Alta. names new deputy ag minister

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Reading Time: < 1 minute A former assistant deputy minister in municipal affairs is now Alberta’s chief agricultural bureaucrat. Beverly Yee was named Thursday as the new deputy minister for agriculture and forestry, replacing Jason Krips. Yee, who has worked for the province since 1994, has held several executive management positions, the province said. Her most recent posting was as […] Read more
(USDA.gov via Flickr)
Beef Cattle, Livestock, Markets, Reuters

Sept. U.S. feedlot cattle placements near 20-year low

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Reading Time: 2 minutes Chicago | Reuters — The number of cattle moved into U.S. feedlots in September fell to its lowest since the government began compiling the data in 1996, a U.S. Department of Agriculture report showed on Friday. Last month’s placement results were nearly in line with analysts’ forecasts, mostly based on the fall in prices for […] Read more
Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)
Crops, Markets, Reuters

Mosaic lays off staff at Sask. potash mine

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Reading Time: < 1 minute Reuters — U.S. fertilizer company Mosaic Co. has laid off 46 unionized workers, or eight per cent of the workforce, at its Colonsay, Sask. potash mine, the company said Friday, as producers struggle with weak demand. Potash prices have fallen in the past year due to excessive mining capacity and reduced demand in key markets. […] Read more

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