CNS Canada –– The cash market for Canadian canola continues to soften, with one commodity analyst pegging its range at $20-$30 under the price being paid for the near-term (November) […] Read more
Markets/Business
Canola cash basis levels weaken as harvest rolls along
U.S. grains: Prices rise on harvest uncertainty, short-covering
Chicago | Reuters –– U.S. grain and soybean futures jumped on Tuesday on expectations that the U.S. Agriculture Department (USDA) may lower its domestic harvest estimates at the end of […] Read more
U.S. livestock: CME live cattle limit up on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby trading months settled up their three-cent-per-pound daily price limit on Tuesday, partly fuelled by short-covering and futures’ discounts to last […] Read more
PotashCorp reported hiring third bank in battle for K+S
Reuters — Canada’s PotashCorp has hired a third investment bank as adviser in its effort to take over German fertilizer maker K+S , a German newspaper reported Sunday. Bank of […] Read more
EU to give 500M euros to farmers hit by Russia sanctions
Brussels | Reuters — The European Commission announced a 500 million-euro (C$743 million) package of measures on Monday to provide relief for farmers stung by slumping prices, triggered partly by […] Read more
Canada losing bluetongue-free status
New findings of bluetongue in cattle in Canada — outside the one area of the country where the virus previously gained a toehold — have trading partners shutting their ports […] Read more
Canola charts pointed lower
CNS Canada — ICE canola futures have posted large losses over the past week, but chart signals are still overwhelmingly bearish, with at least another $10 to go before the […] Read more
Cash wheat prices move lower across Prairies
CNS Canada –– Cash wheat bids across Western Canada edged lower during the week ended Friday, as basis levels held relatively steady and the continued slide in U.S. futures weighed […] Read more
U.S. livestock: CME live cattle, hogs retreat before holiday
Chicago | Reuters — Chicago Mercantile Exchange live cattle slumped on Friday before the Labour Day holiday, due to lower prices for market-ready (cash) cattle, traders said. CME live cattle […] Read more
U.S. grains: Wheat, corn creep higher as investors trim bearish bets
Reuters — Chicago wheat edged higher after touching a five-year low on Friday, and corn also inched up as investors covered short positions in both grains after recent declines. The […] Read more
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