Chicago Mercantile Exchange (CME) cattle futures ended higher on U.S. heat concerns and signs of better consumer demand on Tuesday, while lean hog futures set a 12-week high, analysts said.
Daily news
U.S. livestock: Cattle futures firm on US heat wave, hogs hit June high
U.S. grains: Corn and wheat rise on hot weather, fall in crop ratings
Chicago Board of Trade corn, soybean and wheat futures strengthened on Tuesday, as a spell of hot weather hit the U.S. Midwest and the market took in weekly crop ratings from the U.S. Department of Agriculture, which all fell from last week.
US says Bioceres genetically modified wheat can be grown safely
A type of genetically modified wheat developed by Argentina's Bioceres Crop Solutions may be safely grown and bred in the United States, the U.S. Department of Agriculture said on Tuesday.
Little faith in accuracy of August StatCan report
There appears to be very little credibility that will be given to Statistics Canada’s principal field crop report to be issued on Wednesday. The concerns among analysts and brokers include the timing of the report and the use of satellite imagery.
Tariffs on Chinese EVs prompt canola worries
Some people are wondering if canola could once again be in China’s crosshairs if the country retaliates against a series of new punitive tariffs announced by Canada on Monday.
U.S. grains: Corn hits near four-year low on farmer selling, bumper crop forecasts
Chicago Board of Trade (CBOT) most-active corn futures Cv1 fell to the lowest levels since 2020 on Monday as expectations of a bumper corn crop and a continued stream of farmer selling weighed on futures, analysts said.
U.S. livestock: Cattle futures firm on corn weakness, expected holiday demand
Chicago Mercantile Exchange (CME) cattle futures turned higher on technical trading on Monday, as live cattle contracts rose on expected consumer demand and hopes of some cash market prices firming, traders said.
Agriculture dodges temporary foreign worker clamp down
Recent rule changes restricting access to temporary foreign workeers will not impact agriculture or food processing, federal employment minister says.
Canadian rail decision is a win for companies, union leader says
A decision obliging more than 9,000 Canadian rail workers to stay on the job is a win for the railways and could impact bargaining in other federally regulated sectors like aviation, the head of a Canadian rail workers' union told Reuters.
Canada labour board orders end to railway work stoppage
Teamsters say decision sets dangerous precedent, will challenge the move in federal court if needed
The Canada Industrial Relations Board ordered on Saturday a halt to work stoppages at the country's largest railways, signaling an end to an unprecedented service disruption at both main freight rail carriers that threatened to hammer Canada's export-driven economy.
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