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(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle rebound on technical buying, lower animal weights

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Reading Time: 2 minutes Chicago | Reuters –– U.S. cattle futures climbed on Thursday, rising on technical buying and lower animal weights that suggested feedlots were aggressively marketing cattle to meet strong beef packer demand, traders and analysts said. Both Chicago Mercantile Exchange live and feeder cattle futures were technically oversold after steep losses during the past two weeks. […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Weather concerns keep room to the upside

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Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade remain rangebound overall, though there may be room to the upside despite the generally bearish underlying fundamentals, according to an analyst. While large South American crops should weigh on both commodities, U.S. production is still very much in the air as excessive […] Read more
(Photo courtesy United Soybean Board)
Crops, Markets, Reuters

U.S. grains: CBOT soy rallies on export demand

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.1 per cent on Tuesday, supported by strong export demand for U.S. supplies despite a massive crop from South American producers Brazil and Argentina. Technical buying also helped fuel a rally in the soybean market, which closed near session highs. Chicago Board of Trade soft red winter […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Wheat down on global supplies, seasonal pressure

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Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell more than two per cent on Monday on chart-based selling, abundant global supplies and seasonal pressure from the approach of harvest, analysts said. Corn futures followed wheat lower. Soybeans were firmer, but pared gains on a smaller-than-expected monthly U.S. soybean crush figure. Chicago Board of Trade July […] Read more
(Dave Clark photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Corn up on USDA world stocks view

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose about two per cent on Wednesday after the U.S. Department of Agriculture’s forecast for global inventories at the end of the 2017-18 marketing year fell below trade expectations. Soybean futures hit a six-week high after the USDA’s reports were released, buoyed by the government’s forecast for a […] Read more
This satellite-gathered image shows the raw Normalized Difference Vegetation Index (NDVI) for Western Canada on July 25, 2016.
Crops

How’s the crop?

That’s the question that StatsCanada asks 10,000 farmers, but increasingly, the grain trade doesn’t believe the answers

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Reading Time: 6 minutes It’s become a predictable pattern. Statistics Canada releases a crop estimate. Reporters call traders and analysts for reaction, who inevitably say it’s either too high or too low. That reflects a general dissatisfaction with StatsCan’s time-consuming system of contacting 10,000 farmers to ask how their crop is doing. Replacing a survey-based crop report with technology-sourced […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soy up ahead of USDA data

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed nearly one per cent on Tuesday, halting a three-session slide, as traders adjusted positions a day ahead of a U.S. government crop report and as excessively wet weather in the Midwest raised concerns, analysts said. Corn futures closed modestly higher while wheat fell, pressured by a stronger […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle soar limit up

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday posted new highs, and nearby months hit their three-cent daily price limit, sparked by brisk beef demand and stronger-than-anticipated cash prices, traders said. June settled at 130.05 cents and August 123.8 — limit up and fresh highs for both contracts (all figures US$). […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy tied to technicals amid large supplies

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Reading Time: 2 minutes CNS Canada –– Corn and soybean markets look to be rangebound over the next three weeks as U.S. farmers try to get their crops planted, according to a market-watcher. “We’re slightly behind but that can be made up quickly with the equipment we have,” said Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Illinois. […] Read more

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