Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures slumped on Monday to an eight-month low after the government announced that China canceled some purchases of U.S. supplies of the grain. The cancellations, which also weighed on wheat and soybean futures that hit one-month lows on Monday, highlighted concerns about weak demand for U.S. […] Read more
U.S. grains: Corn hits eight-month low
Soybeans, wheat at one-month low
U.S. livestock: Feeder cattle fall after USDA report
June hogs rise above 10-day moving average
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts edged higher on Monday, while feeder cattle contracts fell, after U.S. government data released on Friday afternoon showed bigger-than-expected supplies in feedlots. The U.S. Agriculture Department’s monthly report showed that the number of U.S. cattle on feed, as of April 1, was down four per […] Read more
Moscow would scrap grain deal if G7 bans exports, Medvedev warns
G7 said to be considering blanket ban on exports to Russia
Reading Time: 2 minutes Reuters — Former Russian president Dmitry Medvedev said on Sunday that if the G7 moved to ban exports to Russia, Moscow would respond by terminating the Black Sea Grain deal that enables vital exports of grain from Ukraine. The Group of Seven (G7) countries are considering a near-total ban on exports to Russia, Japan’s Kyodo […] Read more
AAFC raises canola stocks projections
StatCan's early acreage estimates due out this week
Reading Time: < 1 minute MarketsFarm — Canola ending stocks for both the current marketing year and 2023-24 were raised slightly by Agriculture and Agri-Food Canada (AAFC) in its latest supply/demand projections, released Friday. The government agency lowered its canola export forecast for 2022-23 by 200,000 tonnes from March, now pegging movement at 8.4 million tonnes. With domestic usage left […] Read more
U.S. grains: Cheap Brazilian soybeans destined for U.S.
U.S. weather, Ukrainian exports also in focus
Reading Time: 2 minutes Mexico City | Reuters — U.S. soybean futures closed the week down on Friday, extending losses as cheap Brazilian beans were being snatched up by the U.S., the second-largest soy producing country in the world. A drop in prices due to abundant local supplies and cooling demand have made Brazil an attractive origin for soybeans, […] Read more
U.S. livestock: CME cattle mixed, cash-futures spread remains wide
Hogs firm after touching new lows
Reading Time: 2 minutes Chicago | Reuters — The Chicago Mercantile Exchange’s spot live cattle futures eased on Friday, after prices in some cash cattle markets dipped lower than last week, traders said. Still, traders cautioned, the spread between cash and deferred futures prices remains wide — a spread that could tighten in the coming weeks as the U.S. […] Read more
French agency drops fumigant ban on non-EU grain exports
Limit on phosphine won't apply if use required for export
Reading Time: 2 minutes Paris | Reuters — French health safety agency ANSES on Thursday cleared the use of phosphine pesticide in contact with grains exported outside the European Union when importing countries require the process, averting a halt to shipments from the EU’s top grain exporter. In late October ANSES cleared the use of phosphine tablets used for […] Read more
U.S. grains: Chicago grains down on export data, weather
EU transit plan, Black Sea inspections temper Ukraine fears
Reading Time: 2 minutes Reuters — Chicago grains closed lower Thursday on lower-than-expected U.S. soybean export sales data, and favourable weather that would allow for planting to accelerate in the Midwest farm belt. Grains prices were also impacted by crude oil falling. The U.S. Department of Agriculture said soybean weekly export sales totalled 103,000 tonnes, below forecasts. “Export sales […] Read more
U.S. livestock: Volatility roils CME cattle market
Chicago lean hog futures slump
Reading Time: 2 minutes Chicago | Reuters — The Chicago Mercantile Exchange’s cattle futures saw a second day of volatile trading on Thursday, with wide trading ranges and weaker technicals resulting in the spot live cattle contract turning lower, analysts said. One key reason, traders said, is that a white-hot cash market may have hit its limit. Cattle sold […] Read more
Global wine trade hits record-high value but volumes fall
Canada 27th in production, sixth in imports
Reading Time: 2 minutes Paris | Reuters — The global wine trade reached record-high value last year, supported by a sharp rise in prices, but the amount of wine sold fell due to weaker demand and logistical problems, an industry body said. The International Organisation for Vine and Wine (OIV) said on Thursday that global wine exports in 2022 […] Read more
A message from April Stewart, Country Guide's Associate Editor
