Agriculture and Agri-Food Canada (AAFC) made a handful of changes to its July balance sheet released on July 22, compared to the month before.
Markets/Business — page 111
AAFC makes changes in July estimates
Klassen: Feeder market leaps higher
For the week ending July 20, Western Canadian yearlings traded $8-$15 above prices from seven days earlier. Values for larger groups of quality calves were up $8 to $10 from a week earlier while run of the mill smaller packages were relatively unchanged.
U.S. grains: Soybeans rebound as market unwinds some of its ‘Trump trade’
Chicago Board of Trade soybean futures jumped on Monday on a flurry of short covering, with prices rebounding from last week's 2020 lows as traders re-evaluated the U.S. political landscape after U.S. President Joe Biden abandoned his reelection bid on Sunday.
U.S. livestock: Livestock futures turn higher on technical trading
Chicago Mercantile Exchange (CME) cattle futures ended higher on Monday on technical trading, and as futures prices continued to hover well below the cash market levels, analysts said.
Good demand expected for Canada’s two biggest crops
Stephen Nicholson, global sector strategist of grains and oilseeds for Rabobank, said the U.S. hard red winter crop is big and getting larger as the weeks tick by. On the surface that sounds like it would be bad news for Canada's spring wheat growers, but he said big yields often correlate to low protein levels for U.S. HRWW.
U.S. livestock: Cattle futures end mixed; traders question slowed slaughter pace
Chicago Mercantile Exchange (CME) nearby live cattle futures ended higher on Friday, amid technical trading ahead of a monthly government cattle supply report, analysts said.
U.S. grains: Wheat rebounds on short covering, global weather worries
Chicago Board of Trade wheat futures climbed on Friday on short-covering and concerns over weather in wheat-growing areas of the U.S. Plains and globally.
Prairie Wheat Weekly: Canadian prices drift
Cash wheat prices across the Canadian Prairies varied the week ended July 18, despite the United States wheat complex being lower. Canada Prairie Red Spring Wheat was mixed, while Canadian Western Red Spring Wheat, and Canadian Western Amber Durum down hard, particularly durum prices.
Expect volatility in soybean market from tariff trade distortion
Large U.S. crop and weaker export demand will overhang North American values
The most recent U.S. and Canadian crop surveys indicate that above average yields are expected for Ontario and U.S. corn and soybean crops. Quick lookSoybeans: China is buying soybeans, meal and vegetable oil from countries that are not implementing tariffs on Chinese products. This is distorting trade flows and enhancing price volatility in the soybean […] Read more
U.S. livestock: Cattle futures sag as Wall Street indexes dip; hogs mixed
Chicago Mercantile Exchange (CME) live cattle futures closed lower on Thursday on technical selling as well as declines in Wall Street equity markets that raised concerns about consumer demand for beef, analysts said.
Cyber-Savvy Farmer
