ICE Futures Canada canola futures moved sharply lower during the week ended Wednesday, with a large portion of the declines linked to the speculative sell-off seen Tuesday. Speculative money was […] Read more
Markets/Business
ICE weekly outlook: Canola bias pointed lower
U.S. livestock: Fund buying drives CME feeder cattle to record high
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle Wednesday hit a record high on fund buying after contracts broke through technical resistance levels, traders said. “(The) technical aspect of […] Read more
U.S. grains: Wheat falls for sixth day; corn, soy rebound
Chicago | Reuters — U.S. wheat fell on Wednesday, extending a week-long decline on investment fund selling tied to favourable conditions for crops in the world’s top producer and exporter. […] Read more
Alta. cash barley prices begin to loosen
CNS Canada — Cash barley prices have begun to weaken in the key cattle feeding area of Lethbridge, Alta., as feedlots have shipped out many of their animals for the […] Read more
Thai army rulers rush to placate rice farmers, boost economy
Bangkok | Reuters — Thailand’s new military rulers are moving fast to tackle economic problems caused by the absence of a proper government since December and are making it a […] Read more
Pilgrim’s bid for Hillshire puts Pinnacle deal in peril
Reuters — Pilgrim’s Pride Corp. on Tuesday offered to buy Hillshire Brands in an all-cash deal valued at US$6.4 billion, as the world’s second-largest chicken processor seeks to expand its […] Read more
U.S. livestock: Supply worries drop CME live cattle futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday in anticipation of a seasonal bump in supplies that could further pressure prices for market-ready, or […] Read more
Maple Leaf’s flagship pork plant cutting days: MPC
Market conditions leading one of Canada’s major pork packers to cut operating days at its flagship western Manitoba plant aren’t likely to improve soon, the province’s hog producers warn. Toronto […] Read more
U.S. grains: Corn, wheat near three-month low on improved weather
Chicago | Reuters — U.S. grain futures fell as much as two per cent on Tuesday, with corn and wheat hitting roughly three-month lows, as favourable crop conditions and signs […] Read more
Volatile forage market seen keeping alfalfa prices high
CNS Canada — Volatility on the forage market has driven alfalfa prices to all-time highs in Western Canada and it doesn’t appear they’re going to come down anytime soon, an […] Read more
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