Commodity News Service Canada – Ownership of the Hudson Bay rail line and shuttered Port of Churchill may change soon, as the port’s current owners and a collection of northern First Nations have inked a formal agreement, according to a company press release. Omnitrax, the rail company that currently owns the northern Manitoban port, has […] Read more
New step in Port of Churchill’s potential sale
Hog prices fall on USDA report of unexpectedly large hog herd
Chicago/Reuters – A pre-Christmas USDA quarterly report showing showing an unexpectedly large hog herd caused Chicago Mercantile Exchange lean hog futures fell more than two per cent Dec. 23. USDA said Dec. 23 the hog and pig herd as of Dec. 1 was 71.5 million head, or 104 per cent of last year. Analysts expected […] Read more
Klassen: Feeder cattle market stable for year end
Western Canadian feeder cattle prices traded steady with week ago levels. The winter storm forecasted over the holiday season had little influence on buyer behaviour. Limited volumes were noted at most auction barns with many off for the holiday season. However, the market appeared to hold value with feedlot margins in positive territory and surprisingly […] Read more
U.S. livestock: Hogs tumble after USDA shows biggest U.S. herd since 1943
Chicago/Reuters – Chicago Mercantile Exchange lean hog futures fell more than two per cent on Friday after the U.S. Department of Agriculture in a quarterly report at midday said the hog herd was the biggest since 1943 and larger than analysts anticipated. Hog futures sank to their session lows after the USDA data was released, […] Read more
U.S. grains: Soybeans, grains slip to big weekly losses
Winnipeg/Reuters – Soybeans, corn and wheat prices slipped on Friday in a shortened trading session before the Christmas holiday and registered big weekly losses, weighed down by hefty global supplies. Chicago wheat futures fell to contract lows, also pressured by warming U.S. temperatures that eased crop damage concerns, while soybeans hit a more than one-month […] Read more
Season’s Greetings from Farm Business Communications
On behalf of all of us at Farm Business Communications, here in Winnipeg and across Canada, we’d like to wish you the happiest of holidays and our thanks for your readership in 2016. Our office in Winnipeg closes today at noon and will reopen for regular business on Wednesday, Dec. 28, 2016. We’ll resume publishing […] Read more
Oilseed processors applaud House Transport Committee’s call for extended interswitching limits
The Canadian Oilseed Processors Association (COPA) is pleased that the House of Commons Standing Committee on Transport, Infrastructure and Communities is recommending making extended interswitching limits permanent in its recently tabled study into making rail transportation more competitive. “Having competitive options made available through extended interswitching limits has introduced a level of competition into the […] Read more
U.S. grains: Soybeans hit new one-month low as rains head for Argentina
Chicago/Reuters – U.S. soybean futures fell to a new one-month low below $10 a bushel on Thursday as forecasts for rain in Argentina dampened concerns about dryness hurting production there. Losses also hit other agricultural markets with corn and wheat futures approaching three-week lows and soybean oil setting a four-week low. Rains in dry areas […] Read more
U.S. livestock: CME live cattle again hits 4-month high on cash prices
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Thursday climbed to a four-month high for a second day in a row, fuelled by short-covering and stronger-than-anticipated cash prices, said traders. CME livestock futures will close early on Friday and will be closed on Monday in observance of the Christmas holiday. December live cattle closed […] Read more
European flax demand shifts to Canada over Dow herbicide
Winnipeg-Hamburg/Reuters – Demand for Canadian flax, used in linoleum flooring and health foods, has pushed prices of the oilseed to one-year highs as Europe shuns Russian supplies laced with a herbicide made by Dow Chemical Co. The European Union, the world’s second-largest importer of flax after China, slashed acceptable levels for haloxyfop by 90 per […] Read more
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