A demanding year ahead for soybean markets

A demanding year ahead for soybean markets

With bumper crops expected around the world, soybean growers will need to juggle currency rates, weather anomalies and key demand drivers to find their best soybean price in 2018

Reading Time: 5 minutes Soybeans are a great crop to grow. This is reflected in the 3.1 million acres of soybeans grown this past year across Ontario. Driving from Windsor to Montreal and beyond, soybeans are a common sight. It’s on the other side of the world, though, that China, the world’s biggest consumer of soybeans, imported a whopping […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle prices gaining momentum

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were steady to $4 higher while calves and grass cattle markets were relatively unchanged. Once again, there was a wide range of prices across the Prairies as feedlots adjust to higher feed grain prices. Secondly, buyers were quick to discount fleshier cattle; backgrounded calves fed too much […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat, soybeans firm

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures edged higher on Monday, with some wheat contracts rising more than one per cent as weather forecasts showed little rain relief for dry wheat crops in the Plains or drought-affected grain belts in major exporter Argentina. Global benchmark Chicago Board of Trade May wheat was up […] Read more

U.S. grains: Wheat, soybean futures rally

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose for the sixth day in a row on Thursday, with new forecasts calling for extended dryness in the U.S. Plains pushing prices to fresh 7-1/2-month highs, traders said. Soybean futures rallied to a 13-month high on signs of strong export data. Parched soils in Argentina that threatened […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Spot cattle rise, deferreds weak

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mixed on Thursday, with the front-month contract edging higher after hitting a 2-1/2-week low on Wednesday. Deferred cattle contracts were weaker, remaining under pressure from weak cash markets. Strong export data provided support to the nearby contracts. The U.S. Agriculture Department reported weekly beef […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle down on bearish placements data

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday, with the benchmark April contract touching a two-week low following Friday’s bearish Cattle on Feed report from the U.S. Department of Agriculture, traders said. The government on Friday reported that 2.068 million head of cattle were placed on feed last month, up […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle drop on technical selling

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures declined for the fourth straight session on Friday, easing on technical selling and bets that cattle prices have likely reached a short-term peak, traders and analysts said. Feeder cattle and lean hog futures were slightly higher, with feeders rebounding from a two-week low. Most-active CME […] Read more

(Allan Dawson file photo)

U.S. grains: Soy, corn futures about flat

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures were about flat on Thursday in largely technical-driven trading as investors awaited supply and demand estimates from an annual U.S. Department of Agriculture forum due early on Friday. USDA on Thursday predicted U.S. plantings of corn and soybeans at 90 million acres each and wheat slightly […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle extend losses

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday lost ground for a second day in a row, weighed down by lower cash prices and an increased supply outlook, traders said. They said sell stops and fund liquidation contributed to market declines. Some investors adjusted positions before the U.S. Department of Agriculture (USDA) […] Read more