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(Dave Bedard photo)
Beef Cattle, Livestock, Markets, Reuters

JBS doesn’t see Brazil beef exports to U.S. before 2016

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Reading Time: 2 minutes Sao Paulo | Reuters — Meatpacker JBS expects fresh beef exports from Brazil to the U.S. to begin no earlier than 2016, later than the Brazilian government predicted, CEO Wesley Batista said Friday. An agreement between the two countries was signed in June, when Brazilian President Dilma Rousseff visited Washington, but Batista said it would […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle sag with initial cash prices

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Friday after traders pocketed profits following lower preliminary prices for market-ready (cash) cattle, traders said. Spot-August futures closed down 0.4 cent/lb. at 148.45 cents, and October one cent lower at 146.85 cents (all figures US$). Cash cattle traded lightly in Texas at […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans resume slide, register big weekly loss

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Reading Time: 2 minutes Winnipeg | Reuters –– U.S. soybean futures dropped on Friday as favourable rains were expected to move into the U.S. Midwest, finishing with a big weekly loss. An unexpected increase to the U.S. harvest outlook on Wednesday hung over the market, after soybeans, wheat and corn all rebounded in the previous session. Chicago wheat rose […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle snap back from early session losses

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher on Thursday, fueled by short-covering and technical buying that turned back initial selling, traders said. October led the day’s rally as investors bought that contract and simultaneously sold August ahead of its expiration on Aug. 31. Spot-August futures closed up 0.15 cent/lb. at […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soybeans face uncertain future

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Reading Time: 2 minutes CNS Canada –– Chicago corn and soybeans both suffered heavy losses during the week ended Wednesday, as a supply and demand survey by the U.S. Department of Agriculture projected better-than-expected harvests. The report pegged U.S. corn output at 13.686 billion bushels while soybean output was pegged at 3.916 billion bushels. Both numbers were larger than […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola drop may spur fresh demand

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Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola futures dropped sharply on Wednesday as the market reacted to a surprisingly bearish U.S. Department of Agriculture report and resulting losses in soybeans. While the nearby technical bias has turned bearish, the latest weakness may also serve to uncover some fresh export demand for canola. “It’s a reminder […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soy, corn tumble after USDA hikes U.S. yield forecasts

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Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures plunged six per cent and both corn and soybeans briefly fell their respective daily limits on Wednesday after the U.S. Department of Agriculture surprised traders by raising its estimates for domestic corn and soybean crops in a monthly report. Analysts surveyed by Reuters had expected USDA to lower its […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle slump on fund selling, cash unease

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell on Wednesday, hit by cash price caution and fund liquidation after drifting below key technical levels, traders said. Spot-August futures closed down 1.475 cents/lb. at 148.7 cents (all figures US$). October finished 2.55 cents lower at 146.6 cents, and under the 20-day moving average of […] Read more
(USDA.gov via Flickr)
Cereals, Corn, Crops, Markets, Reuters, Soybeans, Weather

USDA sees bumper corn, soy crops despite floods

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Reading Time: 2 minutes Washington | Reuters –– U.S. corn and soybean harvests were pegged above expectations this year as strong yields in areas west of the Mississippi River will make up for problems caused by excessive rains in eastern production states, the government said Wednesday. The U.S. Department of Agriculture forecast the 2015-16 soybean harvest at 3.916 billion […] Read more

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