(Photo courtesy Canada Beef Inc.)

U.S. livestock: Fund liquidation undercuts CME live cattle

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, hit by sell stops and fund selling after drifting below technical support levels, said traders. February live cattle closed 1.25 cents/lb. lower at 116.4 cents, and April 1.675 cents lower at 113.15 cents (all figures US$). Both contracts slipped beneath their […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat, corn rise to multi-month highs

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures extended gains to set multi-month highs on Friday on follow-through buying after the U.S. Department of Agriculture slashed domestic stockpile estimates in a monthly report on Thursday. Soybeans also were higher as investors defended their net long position despite expectations for a record-large harvest in top […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat rallies to seven-month high after USDA data

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures gained two per cent to a seven-month high on Thursday after the U.S. Department of Agriculture increased its export forecast and showed smaller-than-expected global supplies in a monthly report. Chicago Board of Trade soybean futures fell and corn prices declined narrowly from an earlier seven-month peak in the […] Read more

March 2017 canola futures up to Feb. 8, 2017, including 20-day moving average in red. (Barchart.com)

ICE weekly outlook: Canola holds firm before USDA report

Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts made steady gains during the week ended Wednesday, as traders positioned themselves ahead of Thursday’s release of the U.S. Department of Agriculture’s next supply and demand report. “We’ve had a bit of a run over the past week and a bit; we popped off some oversold levels,” […] Read more


(Lisa Guenther photo)

CBOT weekly outlook: South American weather still key for soy, corn

Reading Time: < 1 minute CNS Canada — South American weather uncertainty is lending underlying support to soybean and corn futures at the Chicago Board of Trade, with speculators likely to remain on the long side until production issues are more clearly sorted out, according to an analyst. “The funds don’t want to give up the ship, and there’s enough […] Read more



Palmer amaranth. (United Soybean Board photo)

Minnesota probes Palmer amaranth’s sudden appearance

Reading Time: 2 minutes Chicago | Reuters — Minnesota has launched an investigation to find the source of seed mixes contaminated with weed seeds after the aggressive, herbicide-resistant Palmer amaranth weed was found on 30 areas planted in a federal conservation program. The weed grows very fast, reaching up to eight feet in height and can hold back commercial […] Read more

(USDA.gov via Flickr)

Klassen: Feeder cattle markets digest USDA inventory report

Reading Time: 2 minutes Western Canadian feeder cattle markets traded $5 higher to as much as $10 lower compared to week-ago levels. The U.S. Department of Agriculture’s Cattle on Feed report, along with U.S. inventory data, confirmed larger beef supplies in upcoming months, which set a negative sentiment amongst feedlot operators. Auction markets experienced variable price ranges on similar-weight […] Read more


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

Hog market improving with solid exports

Reading Time: 2 minutes CNS Canada — Strong U.S. exports and declining cold-storage numbers have helped push hog prices on Canada’s Prairies to better levels than a few months back. According to the latest information compiled by Saskatchewan Agriculture, the U.S. exported 173,770 tonnes of pork in November 2016, up 13.5 per cent from 153,051 in October 2016, and […] Read more

(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: Hogs jump on pork gains

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged three per cent to a seven-month high on Tuesday as rising pork and cash hog prices triggered investment fund and chart-based futures buying, traders and analysts said. CME live and feeder cattle futures fell to multi-week lows, pressured by ample cattle supplies. The U.S. […] Read more