Cash prices for spring wheat and durum across the Canadian Prairies were mostly higher during the week ended Nov. 4. As Minneapolis spring wheat stepped back, there was a modest increase in Kansas City hard red while Chicago soft red was up sharply.
Daily news
Prairie Wheat Weekly: Prices up in most areas
Beijing lifts some tariffs on U.S. farm goods but soybeans stay costly
China will suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week’s meeting of the two countries’ leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans still face a 13 per cent tariff.
Bunge beats profit estimates on strong processing margins, Viterra boost
Bunge Global topped Wall Street estimates for third-quarter adjusted profit on Wednesday with the closing of its acquisition of Viterra in July boosting volumes as oilseed processing margins improved, sending shares up 2.6 per cent.
Prairie forecast: Quiet pattern continues as winter struggles for a foothold
For the upcoming forecast period, a large area of low pressure remains anchored off the British Columbia coast, a strong low spins over the Atlantic coast and another, weaker low lingers near Hudson Bay. Between these systems, the flow across the Prairies is largely zonal, meaning it moves west to east with little north–south movement. That pattern will help usher a few weak disturbances across the region during the next several days.
U.S. livestock: Cattle fall back, hogs continue slide
Chicago cattle futures fell back on Tuesday. Hogs continued to slide. Most-active December live cattle futures closed at 227.775 cents a pound, down 4.425 cents. February contracts lost 5.025 cents to settle at 225.375 cents per pound. Most-active January feeder contracts lost 7.300 cents to close at 329.225 cents a pound. March feeders settled at
U.S. grains: Soybeans retreat after rally, wheat holds at three-month high
U.S. soybean futures fell on Tuesday, retreating from a 16-month high hit a day earlier, as traders awaited Chinese purchases of U.S. cargoes following last week’s trade truce agreed by the world’s two largest economies.
Klassen: Feeder market drops sharply
For the week ending November 1, Western Canadian feeder cattle markets traded $15-$30/cwt lower compared to seven days earlier. Cash feeder markets were off by $30-$40/cwt early in the week but then marginally recovered on Wednesday as the feeder cattle futures market stabilized. There were a few exceptions. Higher quality yearlings over 800 pounds coming
Dryness, drought likely to persist says forecaster
As winter approaches, the dry conditions and drought across much of the Canadian Prairies and the United States Plains will likely persist, said Drew Lerner, meteorologist with World Weather Inc. in Overland Park, Kan.
Budget 2025 includes trade focus, boost for agriculture risk management
The 2025 budget includes several investments relevant to the agriculture sector, including new trade corridors and financial supports for farmers
ADM cuts 2025 profit outlook on biofuel and trade uncertainty; shares tumble
Archer-Daniels-Midland cut its 2025 profit forecast for a third straight quarter on Tuesday as U.S. biofuel policy uncertainty and global trade disruptions pressured oilseed crush margins.
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