Long fund position could be bearish for CBOT soybeans — April 23, 2014

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CNS Canada – Old-crop soybean futures on the Chicago Board of Trade moved sharply lower during the week ended Wednesday, with new-crop values seeing less severe losses. The narrowing in of the old crop/new crop spread was a feature of the week’s activity. Going forward, the trend looks to bearish, according to analysts. Values came […]


U.S. livestock: Fund buying pushes CME hogs two per cent higher — April 23, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog futures jumped two per cent on Wednesday, with some months up the three-cent limit, driven by fund buying after contracts punched through moving average levels, traders said. May hogs closed up 2.95 cents per pound at 123.975 (all figures US$). June and July ended up their three-cent […]


Manitoba flood bulletin #12: April 23

Province of Manitoba media bulletin Summary A substantial ice jam has formed at the Maryland Street bridge in Winnipeg, creating temporary elevated water levels.  It should clear within the next few hours. A rise in Netley Creek caused by ice jamming at the junction of the creek and the Red River resulted in the precautionary […]


U.S. grains: Corn gains on firm cash market, rain-delayed planting — April 23, 2014

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Chicago | Reuters – U.S. corn futures advanced for a second straight session on Wednesday, adding more than one per cent on firm cash markets and as cooler and wetter weather in the central U.S. stalled planting of the crop in the western corn belt. Soybeans were mixed, with nearby prices pressured by spread trading […]


Four men sitting at a conference table

Immunity is the first step in PEDv fight

Heat may prove effective for some producers seeking to eradicate the porcine epidemic diarrhea virus

Getting barns that have been infected by the porcine epidemic diarrhea virus (PEDv) back to normal is possible — but not easy, a panel of industry officials told Manitoba pork producers last week. “We’ve been told it will happen over time, but it will take a lot of time,” said Greg Boerboom of the Minnesota Pork […]


Cows, calf, and a pig.

Manitoba launches livestock price insurance for cattle, hogs

The program based on Western Canada prices offers better protection than CME futures hedging

A new price insurance scheme for Manitoba livestock producers has officially been launched, but whether there will be a stampede through the gate remains to be seen. Applications for the Western Livestock Price Insurance Program (WLPIP), a new tool to manage risk and withstand market volatility, were unveiled last week by Food and Rural Development […]


Lilly eyes emerging markets in Novartis animal health deal — April 22, 2014

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Paris | Reuters – The purchase of Novartis’ animal health business will strengthen Eli Lilly’s hand in emerging markets, tapping into growing demand there for protein-rich diets and household treatments for pets, a senior executive at the U.S. group said. As part of a multi-billion dollar revamp announced earlier on Tuesday, Swiss drugmaker Novartis said […]


Barclays joins retreat from commodities as new rules bite — April 22, 2014

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London | Reuters – Barclays will quit most of its commodities trading businesses, joining a broader retreat by banks as profits tumble in the face of tougher regulation. The British bank’s exit means three of the top five banks in commodities have significantly reduced or shuttered their natural resource trading arms since last summer, with […]


CME Group overhauls daily grain price limits — April 22, 2014

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Chicago | Reuters – CME Group Inc., the world’s largest futures market operator, said Tuesday it will overhaul the system for setting daily price limits for U.S. grain and oilseed futures to reflect fluctuations in crop prices. Starting on May 1, CME, owner of the Chicago Board of Trade (CBOT) and other exchanges, will apply […]


U.S. grains: Corn rises on planting delays; soybeans sink — April 22, 2014

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Chicago | Reuters — U.S. corn futures jumped on Tuesday as concerns about slow planting progress helped fuel a rebound from sharp losses the previous session, while soybean futures tumbled on increased imports into the U.S. Weather took centre stage for the corn market as traders worried rains may prevent farmers from making progress in […]