(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans extend rebound on robust export demand

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped on Friday, extending a rebound from 3-1/2-month lows hit earlier this week, as strong export demand offset supply pressure linked to bumper harvest prospects. Wheat futures also climbed while corn crept higher as the grain markets consolidated after falling to 10-year and near two-year lows, respectively, this […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola sitting right above support

Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but held above major support as prices remain relatively cheap compared to other oilseeds. Fund traders adding to short positions were behind much of the weakness in canola, although traders said the net short position was reaching the point that […] Read more


(Lisa Guenther photo)

CBOT weekly outlook: Yield prospects key for soybeans, corn

Reading Time: 2 minutes CNS Canada — Corn and soybean futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, as expectations of massive crops and high yields edge closer to becoming a reality. “Since weather isn’t a major issue anymore, (traders) will be watching for potential record crop production sizes in the U.S.,” said […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Feeder cattle gains continue as corn declines

Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures extended gains on Tuesday, with feeder cattle rising to their highest in 1-1/2 months as falling corn prices reduced costs for fattening the animals and enticed buying from investors, traders said. Optimism that slaughter-weight cattle would fetch higher prices in U.S. Plains cash markets this week also buoyed […] Read more


(Canada Beef Inc. photo)

U.S. opens up to Brazil fresh beef imports

Reading Time: 1 minute Brasilia | Reuters –– The U.S. and Brazilian governments exchanged food safety equivalence documents on Monday that will open up their respective markets to fresh beef exports, a window expected to boost Brazil’s exports to the U.S. by US$900 million. The U.S. Department of Agriculture said its Food Safety and Inspection Service had determined that […] Read more

(Stephen Ausmus photo courtesy ARS/USDA)

Japan, Korea block certain U.S. wheat varieties

Reading Time: 2 minutes Chicago | Reuters — Japan and South Korea have both taken steps to block certain imports of U.S. wheat after unapproved genetically-modified (GMO) plants from Monsanto seeds were found growing in Washington state, a spokeswoman for the U.S. Department of Agriculture (USDA) said on Monday. Japan’s Ministry of Agriculture, Fisheries and Forestry said it will […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Fund selloff reverses CME live cattle rally

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned lower on Friday, after fund liquidation and lower expected cash prices later in the day pared Thursday’s market gains, traders said. August live cattle ended 1.8 cents/lb. lower at 110.925 cents, and October closed 2.225 cents lower at 109.85 cents (all figures US$). Both […] Read more



(Dave Bedard photo)

U.S. GMO label law clears Congress

Reading Time: 3 minutes A law for mandatory labelling of foods for sale in the U.S. with genetically modified or otherwise “bioengineered” ingredients has cleared both houses of Congress and now goes to President Barack Obama. The U.S. House of Representatives on Thursday approved the Senate’s bipartisan bill S.764 by a 306-117 vote, sending it to the White House […] Read more

(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: New forecast ends rallies

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 3.8 per cent on Thursday, giving up early gains after new weather forecasts boosted expectations of a robust harvest in the U.S. Corn and wheat futures also closed lower after rallying to two-week highs earlier in the session. The latest outlooks dialed back the amount of time […] Read more