CNS Canada — A weak loonie could improve the profit margin of Canadian pork producers by summer, according to one analyst, but its effects have been little seen in the […] Read more
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Markets/Business
Weak loonie expected to support hog prices, but not yet
U.S. livestock: Slumping stock market pressures CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts posted modest losses on Wednesday amid investor jitters over fallen U.S. stock futures and uncertainty about cash price direction, traders […] Read more
CBOT weekly outlook: Weak soybeans, corn watch energy, USDA for direction
CNS Canada — Soybean and corn futures at the Chicago Board of Trade trended down over the past two weeks, testing some contract lows in the process. While the potential […] Read more
U.S. grains: Corn, soy, wheat rise in short-covering bounce
Chicago | Reuters –– U.S. grain and soybean futures rebounded from early-session losses on Wednesday in a technical short-covering bounce as investors squared positions ahead of a U.S. Department of […] Read more
Egypt’s new wheat requirement could delay supplies
Cairo/Abu Dhabi | Reuters — Egypt, the world’s largest purchaser of wheat, has imposed restrictive import requirements, an agricultural authority official told Reuters, alarming traders who threatened to boycott tenders […] Read more
U.S. livestock: Hogs jump on expectations of tighter supplies
Chicago | Reuters — U.S. lean hog futures surged as much as 2.8 percent on Tuesday, in a bull-spreading rally on expectations of seasonally tighter supplies and ideas of stronger […] Read more
Global dairy prices unexpectedly fall in overnight auction
Wellington | Reuters — Global dairy prices unexpectedly eased in the overnight GlobalDairyTrade auction, a platform established by New Zealand’s Fonterra Co-operative Group, the world’s biggest dairy exporter. Fonterra’s GDT […] Read more
Limited farmer selling keeping pea prices steady
CNS Canada –– Prairie pea prices are steady, but farmers are holding out, according to one trader, as emerging new-crop bids grow in strength. “I think what’s moving prices is […] Read more
U.S. grains: Short-covering spurs slight gains in corn, soy, wheat
Chicago | Reuters — U.S. wheat, corn and soybean futures edged higher on Tuesday as investors used the previous session’s sharp declines to take profits on bearish bets they had […] Read more
Ex-Legumex crush plant gets new owners, supply deal
Canada’s top grain handler is set to start feeding canola to a U.S. West Coast crushing plant now half-owned by the Prairie company’s parent firm. Regina-based Viterra, the grain handling arm […] Read more