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CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle notch 4-1/2-year high

Lean hogs gain on good demand

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Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) climbed for a fourth straight session on Monday, with front-month contract hitting a fresh 4-1/2-year high on strong demand. Lean hog futures also firmed, supported by good demand. Lighter-than-normal trading volumes aided livestock futures’ advance on Monday, with little selling pressure ahead […] Read more
P.E.I. Ag Minister Bloyce Thompson announces a $10 million contingency fund to support potato growers affected by a new ban on exports to the U.S. and calls on Ottawa to reverse its decision. (Government of P.E.I. video screengrab via Facebook Live)
Crops, Machinery, Potatoes

P.E.I. potato exports to U.S. halted

Canada imposes new rules after potato wart findings

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Reading Time: 4 minutes Canada has moved to halt exports of Prince Edward Island potatoes to the United States after findings of potato wart in the province last month — on what federal officials describe as the threat of a U.S. ban. The Canadian Food Inspection Agency said Monday it has “temporarily suspended” exports of fresh potatoes from P.E.I. […] Read more
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firms with exports in focus

Chicago corn, soybeans fall

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday, with strong buying interest by importers keeping prices near the multi-year highs hit earlier this week. Corn and soybean futures fell but the market was underpinned by strength in the cash market as grain dealers tried to entice U.S. farmers to book sales instead of […] Read more
Standing corn north of St. Adolphe, Man. on Sept. 19, 2021. (Dave Bedard photo)
Barley, Corn, Crops, Markets

Feed weekly outlook: Record imports of U.S. corn likely

Feeders will need to scale back barley usage

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Reading Time: < 1 minute MarketsFarm — Canadian imports of corn from the United States are picking up and could hit a record this year, given the tight supply situation across the Prairies. The most recent export sales data from the U.S. Department of Agriculture showed Canada as the country’s largest corn customer during the week ended Nov. 11, accounting […] Read more
CBOT January 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, wheat up on strong exports, inflation worries

CBOT corn also rises

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped 2.1 per cent on Wednesday to their highest in nearly seven weeks, supported by fresh export deals and strength in the domestic cash market. Wheat and corn futures were also strong, with wheat recovering from a pullback on Tuesday to top the nine-year high it hit Monday. […] Read more
A soybean crop at Headingley, Man. on Sept. 2, 2021. (Dave Bedard photo)
Crops, Markets, Soybeans, Winter Wheat

CBOT weekly outlook: Soybean purchases steal wheat’s thunder

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Reading Time: < 1 minute MarketsFarm — While Chicago wheat is hitting new contract highs, soybeans are the standout commodity on the Chicago Board of Trade (CBOT), according to one trader. Over the weekend, there were rumblings that China had purchased five cargoes worth of soybeans earlier in the week. Three nights later, that number had grown, which caused soybean […] Read more
CBOT December 2021 wheat (candlesticks) with K.C. December 2021 wheat (orange line) and MGEX December 2021 wheat (green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT wheat down off nine-year high

Chicago corn, soybeans also weak

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Tuesday on a profit-taking setback, with the benchmark Chicago Board of Trade soft red winter wheat contract sagging 1.9 per cent from the nine-year high it hit on Monday. Corn and soybean futures also were lower, but the declines were kept in check by signs of […] Read more
Kyle Jeworski, Viterra’s CEO for North America, speaks in a December 2020 promotional video announcing the company’s worldwide rebranding. (Viterra video screengrab via YouTube)
Crops, Reuters

Viterra seeking expansion in Americas, Australia, sources say

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Reading Time: 2 minutes London | Reuters — Swiss miner and trader Glencore and its partners are looking at options to expand their agricultural joint venture Viterra, including targeted bolt-on acquisitions in the Americas and Australia, two sources close to the matter said. The firm, formerly known as Glencore Agriculture, made the headlines in 2017 for a failed takeover […] Read more
Kansas City (K.C.) December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures rally as global stocks tighten

CBOT corn, soybeans also strong

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Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures rallied on Wednesday, with the front-month K.C. hard red winter wheat contract jumping to its highest in 7-1/2 years, on concerns about tightening global supplies and strong export demand. Corn futures also rose, with the most-active contract surging 2.6 per cent in its biggest daily percentage gain in […] Read more

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