Chicago | Reuters — U.S. wheat futures fell to multimonth lows on Friday, despite broad strength in commodity and equity markets as grain traders monitored bearish technical signals as well as falling prices in the global cash wheat market. Soybeans climbed on optimism about U.S. trade negotiations with China, the world’s top soy importer, while […] Read more
Daily news
U.S. grains: Wheat falls to multimonth lows as global prices sag
U.S. livestock: Lean hogs bounce on short-covering, technical buying
Chicago | Reuters — U.S. lean hog futures ended higher for the first time in three sessions on Friday on short covering and technical buying ahead of the extended Presidents Day holiday weekend, traders and analysts said. Futures had been technically oversold after sinking to seven-month lows early this week under pressure from large hog […] Read more
Today’s precipitation
Data and maps from weather stations across the Prairies are available to Glacier FarmMedia members at the WeatherFarm website, where you can also sign up for a daily forecast email for your area. On the go? Get the WeatherFarm mobile app, available for iPhone and Android devices. To learn more about the CoCoRaHS system that generates these […] Read more
Barley ‘price war’ seen sparked by China, Saudi demand drop
Paris | Reuters — A drop in demand from China and Saudi Arabia sent barley prices tumbling in recent weeks, despite low global supply, and price pressure may continue if harvest prospects for next season remain good, analysts at Strategie Grains said. The barley market rallied earlier in the 2018-19 season with weather-hit crops in […] Read more
Brazil may raise farm subsidies despite belt-tightening
Brasilia | Reuters — Brazil could double spending on subsidized farm insurance in 2020 and may expand subsidized loans, the country’s agriculture policy secretary said on Thursday, even though the new government’s economic team has pledged to cut spending. The negotiations on next year’s farm subsidies highlight the powerful agribusiness lobby’s struggle to preserve benefits […] Read more
U.S. livestock: Lean hogs stumble on weak pork, trade unease
Chicago | Reuters — U.S. lean hog futures fell for a second straight day on Thursday as weak pork prices and nervousness about trade talks between the U.S. and China weighed on the market, traders and analysts said. Officials from both countries are meeting in Beijing this week to try to hammer out a deal […] Read more
Feed weekly outlook: Markets steady amid cold Alberta weather
Excessively cold temperatures in Alberta may be causing headaches for both feed grain buyers and sellers, but prices remain relatively steady for what’s moving. The cold weather hasn’t really led to a significant increase in demand, but “it’s definitely made the farmer grumpy,” said Brandon Motz of CorNine Commodities in Lacombe, Alta. “In general, the […] Read more
U.S. grains: U.S. exports get no Valentine’s Day love
Chicago | Reuters — Chicago Board of Trade (CBOT) grains and soybean futures tumbled on Thursday on news that China and other buyers had canceled a flurry of U.S. soybean orders in early January and Argentina’s soy crop could be larger than previously expected, traders said. The U.S. Department of Agriculture’s (USDA) export sales report […] Read more
ICE weekly outlook: Canola grinding lower
ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. “The market is awaiting […] Read more
U.S. grains: Wheat up, soy eases as China trade talks eyed
Chicago | Reuters — U.S. wheat futures advanced on Wednesday for a fourth straight session as a pickup in export activity and firm cash markets spurred commodity fund buying, traders said. Corn was little changed and soybeans eased as traders waited to see if U.S.-China trade talks would show the two sides moving to end […] Read more
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