Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday for a fifth straight session, led by high-flying wholesale beef prices, analysts said. Feeder cattle futures also advanced but gains were muted as corn futures rallied, signaling higher costs to bring cattle up to market-ready weight. CME June live cattle futures settled […] Read more
Markets
Must Reads
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![Corn acres are expected to increase in the United States in 2021, but not as much as soybeans.]()
Volatile crop market expected in 2021
Glacier FarmMedia – Chip Nellinger has one central piece of advice for grain farmers heading into the 2021-22 crop year…
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![The Brazilian soybean crop harvest is being hindered by rain.]()
European demand up for Ontario soybeans
During the second week of March, Ontario corn, soybean and wheat prices were trading near or at 52-week highs as…
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![China’s sudden emergence as a major importer of the crop caught the U.S. Department of Agriculture off guard.]()
Dissecting China’s hunger for corn
Analysts are debating whether China’s huge 2020-21 corn and wheat purchases are an anomaly. Dan Basse, president of AgResource Company,…
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![Soybeans continue to have momentum in the market, compared to corn.]()
North American soybean planting expected to rise
During the final week of February, Ontario soybean prices were hovering around $17 per bushel, while elevator corn bids were…
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Soybean growers may need certification for EU
Canadian soybean growers may soon need sustainability certification if they want to sell into the European feed market. Europe is…
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Vilsack willing to help with WTO-compliant COOL
Tom Vilsack, who at the time of this writing appeared close to becoming United States secretary of agriculture once again,…
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Stories from our other publications
U.S. livestock: CME live cattle extend rally as beef prices climb
June hogs down third straight day
U.S. grains: Soy futures top $16 for first time since 2012
Chicago corn, wheat also end higher
Reading Time: 2 minutes Chicago | Reuters — Benchmark U.S. soybean futures jumped above US$16 a bushel on Tuesday for the first time since 2012 as traders focused on tightening feed grain supplies and dry weather in Brazil’s corn belt, traders said. Corn and wheat futures also posted sharp gains, with nearby contracts leading the way up. A weaker […] Read more
Klassen: Stronger fed cattle prices underpin feeder complex
Limited feed and forage hinder further upside
Reading Time: 2 minutes Alberta packers were buying fed cattle on a dressed basis in the range of $265-$270 delivered this past week, up $3-$5 from seven days earlier. Live prices were quoted at $159-$162 delivered using a 60 per cent grading. If the feedlot operator booked their feed grains earlier in winter, live prices are $2-$3 above breakeven […] Read more
U.S. livestock: CME cattle gain as demand remains strong
Lean hogs down for second session
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures gained on Monday as cattle processing picked up, led by strong beef prices, while feed cattle gained on tight supplies and a lower corn trade, analysts said. CME June live cattle futures added 2.2 cents to 118.225 cents/lb., while August feeder cattle futures finished 4.425 cents […] Read more
Morocco reimposing 170 per cent duty on hard wheat
Reading Time: < 1 minute Rabat | Reuters — Morocco will reimpose customs duty on soft and hard wheat of 135 and 170 per cent respectively from May 15 in order to cut imports at a time of higher prices in international markets, the agriculture ministry said Monday. The government had said last week the duties would be reintroduced from […] Read more
U.S. grains: Corn, soy, wheat dip ahead of WASDE
Market eyes U.S. supply-demand reports for price direction
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures fell on Monday, pausing after rallying to eight-year highs last week, with traders focusing on the U.S. Department of Agriculture’s upcoming world supply-demand (WASDE) report for new price direction. Wheat dipped, supported by beneficial rains across the U.S. Great Plains, while soybeans traded mixed on continued tight supplies. […] Read more
Canada left with very tight canola, barley stocks
'You can't find canola anywhere in the country'
Reading Time: 2 minutes MarketsFarm — Statistics Canada’s grain stocks report leaves no question that canola stocks have been tight for some time in Canada and will continue to be unless demand is slashed, according to independent trader Jerry Klassen in Winnipeg. “You can’t find canola anywhere in the country and the stocks that are out there, a lot […] Read more
U.S. grains: Corn, soy futures hit multi-year highs on supply fears
Dryness in Brazil fuels supply fears
Reading Time: 2 minutes Chicago | Reuters — Concerns that global crop supplies will remain lean pushed Chicago Board of Trade corn futures to their highest price since March 2013 on Friday, while soybean futures reached their highest since October 2012. The markets surged before the weekend as traders braced for the potential of further rallies driven by tightening […] Read more
U.S. livestock: CME cattle futures up on beef prices, demand
June hogs down off recent rallies
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Friday on strong beef prices and demand for red meat that also catapulted margins for beef processors. Meat demand is high as federal stimulus checks have increased incomes and prompted consumers to spend more at supermarkets and restaurants, analysts said. COVID-19 vaccinations are also […] Read more
Ocean freight rates at decade highs
Reading Time: 2 minutes MarketsFarm — Ocean freight rates have climbed steadily higher over the past year, recovering from the lows hit at the start of the pandemic in early 2020 to see their highest levels in over a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, hit a high of 3,266 points on Wednesday. […] Read more
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