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Unharvested canola under snow in October 2016. (Lisa Guenther photo)
Canola, Crops, Reuters, Weather

Millions of acres of canola freeze, compound ‘harvest from hell’

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Reading Time: 2 minutes Winnipeg | Reuters — Heavy snow and rain during harvest on the Canadian Prairies have left several million acres of canola buried until spring, the latest blow in a miserable year that may compound farmer problems into 2020. Canola is renowned as Canada’s most profitable crop, exported to China, Japan and Mexico to make vegetable […] Read more
CME February 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs reach two-month low

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell to a two-month low on Thursday on large supplies and uncertainty over negotiations to boost trade with China, the world’s top pork consumer. Traders and meat producers are hoping for further U.S. pork sales to China, which is grappling with a fatal pig disease that has […] Read more
CME December 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs drop on large supply, trade war jitters

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Reading Time: 2 minutes Chicago | Reuters –– U.S. livestock futures dropped on Wednesday, with lean hogs stumbling under pressure from large supplies in a turnaround from a rally a session earlier. Fresh uncertainty over U.S.-China trade relations added pressure to the hog market, analysts said. Traders and meat producers are hoping for further U.S. pork sales to China, […] Read more
ICE January 2020 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Steady canola market stuck in rut

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola held within a narrow range during the week ended Wednesday, as the market waits for fresh news to push it one way or the other. “There are certainly some supportive elements underneath the marketplace,” said Mike Jubinville of MarketsFarm Pro, pointing to an upward trend in world vegetable oil prices […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Trade uncertainty weighs

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Reading Time: < 1 minute MarketsFarm — Lack of demand for corn exports has continued to drag prices on the Chicago Board of Trade (CBOT) and the U.S. dollar has been stronger recently, making exports even less attractive, according to Terry Reilly, a grains analyst with Futures International. In contrast, consistent soybean sales since Monday have provided some support to […] Read more
Five pork, five beef and three poultry plants will be built to help supply China’s appetite for meat. Photo: iStock/Getty Images
Hogs, Livestock, Reuters

Brazil gets approval for 13 meatpacking plants for China exports

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Reading Time: 2 minutes Sao Paulo | Brazil | Reuters – Chinese authorities approved new Brazilian meat exporting plants on Tuesday, according to the Brazilian agriculture ministry, a highly anticipated move as the two nations continue to strengthen trade ties. The approvals come as China seeks to increase meat imports to compensate for the death of around half of […] Read more

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