Weaker wholesale beef values, along with softer fed cattle prices, set a negative tone for the feeder cattle market this past week. Western Canadian feeder markets were trading $4-$8 below week-ago levels, with calves trading as much as $10 lower in some cases. Producers can become nauseous watching these live cattle futures, but this is […] Read more
Tag Archives corn acres — page 3
Klassen: Feedlot operators throw in towel on feeder market
U.S. livestock: CME feeder cattle limit up on bearish corn data
Chicago | Reuters –– Chicago Mercantile Exchange feeder cattle futures on Thursday settled up their 4.5-cents/lb. maximum daily price limit, spurred by the morning’s bearish government grain report, traders said. U.S. farmers intend to plant 93.6 million acres of corn and 82.2 million acres of soybeans in 2016, the U.S. Department of Agriculture said on […] Read more
U.S. acreage plans not set in stone as corn price drops
Washington | Reuters –– U.S. farmers could plant more soybean acres than suggested in the government’s acreage forecast issued Thursday, as recent gains in the futures market tempted them to alter their corn-heavy seeding plans, growers and analysts said. The U.S. Agriculture Department report showed farmers intend to plant 93.601 million acres of corn this […] Read more
Corn acres seen rising in Manitoba
CNS Canada — Corn prices in Manitoba may not be setting any records these days but they’re still likely high enough to spur an increase in the amount of corn planted this year, according to an industry watcher. “I would not all be surprised to see a 20 per cent increase. The value of corn […] Read more
USDA sees farmers boosting corn, cutting soy acreage
Chicago | Reuters — The U.S. Agriculture Department on Friday forecast that U.S. farmers will raise corn plantings and cut back on soybean acreage in the 2016-17 marketing year. USDA’s Office of the Chief Economist estimated that farmers would seed 90.5 million acres of corn during the spring, 2.1 million more than they did in 2015-16. […] Read more
Court rejects Ont. growers’ bid for stay on neonic regs
The association for Ontario corn and soybean growers is “evaluating several options” after its request for a stay of the province’s new limits on neonicotinoid seed treatments was rejected. The Ontario Superior Court denied the request from Grain Farmers of Ontario (GFO) for a stay and interpretation on the neonic regulations, which became law in […] Read more
USDA probes release of incorrect data that pressured crop prices
Chicago | Reuters — A U.S. Agriculture Department (USDA) unit is reviewing its procedures after posting incorrect crop data online on Wednesday, an error that temporarily pressured grain prices. The Farm Service Agency (FSA) inadvertently issued the wrong data on crop acreage around 5 a.m. CT and posted corrected data four hours later. The agency […] Read more
U.S. grains: USDA data ignite biggest daily rallies in five years
Chicago | Reuters –– U.S. grain and soybean futures on Tuesday climbed to their highest prices since December after the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than analysts expected. Traders are keeping a close eye on supply data amid uncertainty about how big the autumn corn and soybean harvests will […] Read more
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