Reading Time: 2 minutes Grain, oilseed and pulse crop growers who took out cash advances from the Advance Payments Program for the 2018-19 crop year will get an extra six months to repay, effective Friday. Federal Agriculture Minister Marie-Claude Bibeau on Thursday announced a six-month stay of default for APP advances on grains, oilseeds and pulses, to March 31, […] Read more
Grain growers get extension on 2018 APP repayment
CBOT weekly outlook: Corn estimates, U.S./China talks befuddle
Reading Time: 2 minutes MarketsFarm — For Steve Georgy, the events of this week have left him somewhat gobsmacked. The president of Allendale Inc. at McHenry, Ill. said he didn’t completely buy the numbers in the August supply and demand report issued Monday by the U.S. Department of Agriculture (USDA). And Georgy has been wondering why the U.S. “punted” […] Read more
U.S. grains: Corn, soybean futures fall
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 1.5 per cent on Wednesday, with investors shedding risky assets as concerns about the global economy spilled over into the grain markets. Forecasts for some rain in key growing areas of the U.S. Midwest in the coming weeks added to the pressure on the corn market and […] Read more
Input Capital cuts costs as delayed sales lift Q3 profit
Reading Time: 2 minutes A hostile canola export market has left “commodity streaming” firm Input Capital paring back its staff count and halting its sales and marketing efforts. The publicly traded Regina company on Tuesday booked adjusted net income of $1.06 million on $4.95 million in adjusted total revenue for the quarter ending June 30, up from about $249,000 […] Read more
U.S. livestock: Lean hogs end mixed as trade gauges trade war impact
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures were mixed on Friday in choppy trading as investors weighed rising pork prices against weak cash hog values and rising concerns about pork exports to China. Spread trading steered some contracts up sharply while others, including actively traded October and December futures, retreated. “Spreads […] Read more
U.S. grains: Soy firm, corn mixed ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped to a 1-1/2-week high on Friday and posted their first weekly gain in a month, lifted by technical buying and short-covering amid concerns that dry U.S. Midwest weather would limit crop production. Corn and wheat were mixed as investors squared positions ahead of an eagerly awaited U.S. […] Read more
U.S. livestock: Lean hogs rally for second day
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures posted strong gains for a second consecutive session Thursday, lifted by short-covering and technical buying following the market’s recent drop. Rising pork prices and solid pork exports supported the market, largely diluting concerns over U.S. trade tensions with China, the world’s top hog and […] Read more
U.S. grains: Soy, corn close higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there remained ongoing concerns in the […] Read more
U.S. livestock: Lean hogs bounce after sell-off, cattle also rise
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rallied as much as four per cent on Wednesday in a technical buying and short-covering bounce following a string of losses triggered by worries over exports to China. The world’s largest hog and pork market has threatened to halt all U.S. agricultural product purchases […] Read more
CBOT weekly outlook: Market bearish ahead of WASDE
Reading Time: < 1 minute MarketsFarm — Prices for commodities on the Chicago Board of Trade have been “under pressure and on the defensive” due to the lingering trade war between the U.S. and China, improved weather, and an unclear picture of planted acres. “Less threatening U.S. weather, coupled with the lack of China buying U.S. agriculture products, have definitely […] Read more
A message from April Stewart, Country Guide's Associate Editor
