Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures crept higher on Tuesday and wheat finished nearly unchanged as a sliding dollar underpinned prices. Corn futures ended slightly lower. The drop in the dollar index, which sank near a four-year low, helped to steady grain prices after a pullback on Monday, making U.S. crops look cheaper overseas, […] Read more
U.S. grains: Soybean futures rise as dollar hits four-year low
U.S. livestock: Cattle retreat, hogs rise
Reading Time: < 1 minute Chicago cattle futures retreated on Tuesday as regions of the U.S. reopened following snowstorms. “Weather impacts on the cattle market should begin to loosen up starting today as the region thaws,” StoneX said in a note. Most-active April live cattle futures lost 0.600 cents to close at 237.400 cents a pound. June contracts closed at […] Read more
Canada must resist EU non-tariff trade barriers says Grains Council
Reading Time: 2 minutes Canada should lead like-minded countries to protect agricultural markets from non-tariff barriers based in politics rather than science, the Canadian Grains Council said in a new report.
Pulse Weekly: Spike in yellow peas slowing
Reading Time: 2 minutes Although the price increases for Canadian yellow peas have started to slow, there could be more of the peas planted come spring, said Kress Schmidt, broker with Johnston Grains in Calgary.
Bayer to build Winnipeg canola research site
Reading Time: < 1 minute Bayer will build at $45 million canola research and development centre in Winnipeg the company announced on Monday.
Russia targets seeds market as traditional export customers boost grains production
Reading Time: 2 minutes Russia, the world’s largest wheat exporter, will target global markets with its seeds and technologies as its grain markets are expected to shrink with other countries raising production, Agriculture Minister Oksana Lut said on Tuesday.
China buys more Canadian canola
Reading Time: 2 minutes Chinese importers secured up to 10 Canadian canola cargoes following Prime Minister Mark Carney’s visit to Beijing earlier this month, two trade sources told Reuters.
Klassen: Western Canadian calf prices ratchet higher
Reading Time: 2 minutes For the week ending January 24, Western Canadian feeder cattle markets traded $10/cwt lower to $10/cwt higher compared to seven days earlier. The market was quite variable depending on flesh conditions and genetic quality. Prices for backgrounded yearlings or fall placed calves were steady to $5 higher on larger packages on controlled weight gain diets; […] Read more
U.S. grains: Wheat falls after hitting six-week high on U.S., Russia crop worries
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures pulled back after climbing to a six-week high on Monday as worries eased about cold weather threatening U.S. and Russian crops. Corn and soybean futures also retreated from multi-week highs. Traders focused on the weather as temperatures remained frigid after a severe winter storm blasted […] Read more
U.S. livestocK: CME cattle advance as brutal cold threatens herds
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures jumped on Monday as bitterly cold weather was expected to slow weight gain in the decimated U.S. herd, analysts said, while hog futures stormed to contract highs. U.S. cattle inventories are tight after ranchers slashed the nation’s herd to its smallest size in decades due to […] Read more
A message from April Stewart, Country Guide's Associate Editor
