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U.S. farmers cut winter wheat acres to 108-year low

Reading Time: 2 minutes Washington | Reuters — U.S. farmers slashed their winter wheat plantings to the lowest in more than a century as supplies of the grain ballooned to a 29-year high, the U.S. Agriculture Department said Thursday. USDA also dialed back its harvest estimates for the U.S. soybean and corn crops but 2016-17 marketing year production of […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Profit-taking, beef quotes drop CME live cattle

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were pressured on Wednesday by profit-taking, partly in response to sharply lower wholesale beef values, said traders. February live cattle closed 0.4 cent/lb. lower at 119.125 cents (all figures US$). CME live cattle will return to its normal three-cent trading limit on Thursday after failing […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola watching South America

Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, breaking below some chart resistance levels in the process. The chart pattern is turning flat, however, and further moves will likely depend on outside factors. Speculators have moved to the short side in the canola market, which accounted for some […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat, corn weak as traders await USDA report

Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybean futures firmed on Tuesday, recovering from weakness in overnight trading on technical buying amid lingering concerns about weather in key South American growing regions. Corn eased as traders staked out positions ahead of the release of key U.S. Agriculture Department supply and demand reports on Thursday. […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle gain on bargain-buying

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures gained about one per cent on Monday, rebounding from earlier losses on support from a round of bargain buying, traders and analysts said. Feeders fell to a 3-1/2-week low before reversing higher, while live cattle tested Friday’s multiweek low and then turned higher […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. grains: Soybeans, corn, wheat rise

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Monday, settling up one per cent on some concerns about rain in parts of Argentina curtailing crop production from the world’s third largest exporter of the oilseed, traders said. Wheat futures also closed higher, with prices firming to their highest since Nov. 22. Corn futures ended […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. grains: Exports pressure corn, soybeans

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Friday on signs of weakening demand for U.S. exports as the South American harvest nears, traders said. Wheat futures also dropped, pressured by a round of profit-taking after K.C. hard red winter wheat hit a 4-1/2-month high. But concerns about crop […] Read more