As May winds down the prospect of rain saw canola futures on the Intercontinental Exchange fall back on May 28, with the old crop July contract taking the biggest hit.
Markets — page 22
ICE Canada Weekly: Canola to move with the weather
Announcement pending on 45Z biofuel tax credit
CBOT weekly: Weather in focus for soybeans, corn and wheat
Weather conditions will be a major factor moving grain and oilseed markets in the United States over the next few months, as seeding operations wrap up and attention turns to the developing crops.
U.S. grains: Wheat falls on rain in growing regions
Chicago wheat fell for a third straight session on Tuesday, as rain in growing areas of the U.S. Plains improved moisture for the crop, reinforcing expectations of a well-supplied market, according to analysts.
U.S. livestock: Cattle fall on unconfirmed screwworm report
Chicago cattle futures fell on Tuesday as an unconfirmed report of a case of New World screwworm led to a sell-off.
Klassen: Lower beef production forecasts support feeder complex
Improving feedlot margins contributed to the stronger feeder market. Alberta packers were buying finished cattle on a dressed basis at $500/cwt delivered which was fresh record high. Using a 60 per cent grading, this equates to a live price of $300/cwt. Feedlot breakeven pen closeouts are in the range of $260-$270/cwt. Feedlots are anxious to reload and larger groups of quality packages are limited at this time of year.
Pulse Weekly: Pulse Canada awaits India decision on peas
India, like China, could put tariffs on Canadian peas
Pulse Canada is in anticipation of a decision by India whether or not to impose tariffs on Canadian yellow peas beginning June 1.
Weak Chinese demand leaves Australia with too much wheat
Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in Chinese imports and competition from ample supplies out of rival exporter Russia, analysts and traders said.
Grain deliveries up on year in April: StatCan
Barley the lone exception
Almost all major grains delivered in April had notable increases from the previous April, Statistics Canada reported on May 26.
U.S. grains: Corn and soy fall on Trump recommendations for EU tariffs
Chicago corn and soy futures eased on Friday ahead of a long weekend in the U.S., after President Donald Trump posted on social media that he recommended a 50 per cent tariff on goods from the European Union.
U.S. livestock: Cattle mixed as report shows inventory down
Chicago cattle futures were mixed on the eve of the Memorial Day weekend as this month's cattle on feed report showed a decline in inventory. Hogs fell.
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