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Crops, Markets

CBOT weekly outlook: Harvest activity drops commodities

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MarketsFarm — Commodities on the Chicago Board of Trade were mostly lower Wednesday amid a slower news week and harvest activity putting pressure on prices. “We’ve had a quieter week,” said Steve Georgy of Allendale Inc. at McHenry, Ill. “The market starts to fall of its own weight as we’re in harvest season.” Harvest activity,
The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Crops, Markets

Corn, soybeans may have seen low point for now

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CNS Canada — Agricultural markets throughout North America continue to weather a storm of tariffs and uncertain political interventions — and from where one trader sits, prices for corn and soybeans may have seen their low points. “We have gotten back down to recent lows in corn while beans have gotten cheap again,” said Brian
Livestock Markets, Markets

Cattle markets beginning to look a lot like Christmas

Producers are cleaning out their pens ahead of year-end

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As the last few days of 2017 wind down, so too does activity at most auction marts in the province. Volumes were noticeably weaker during the week ended Dec. 15 as producers cleaned out their pens before the end of the year. Just over 5,000 animals made their way to Manitoba’s eight major outlets, compared
Wheat bids fall along with U.S. futures
Grain Markets, Markets

Wheat bids fall along with U.S. futures

While the futures fell, many locations saw a rising basis

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Hard red spring wheat bids in Western Canada fell slightly for the week ending Nov. 17, following decreases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were down $3 to $5 per tonne across the Prairie provinces, according to price quotes from
Wheat bids rise across Western Canada
Grain Markets, Markets

Wheat bids rise across Western Canada

U.S. futures rose, pulling Canadian prices right along with them

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Hard red spring wheat bids in Western Canada rose for the week ending Nov. 9, following increases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were up C$8 to C$9 per tonne across the Prairie provinces, according to price quotes from a
USDA report surprises oilseed market
Grain Markets, Markets

USDA report surprises oilseed market

Traders were expecting a lower yield number and when they didn’t get it, they reacted

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ICE Futures Canada canola contracts may have finally topped out after the USDA’s monthly supply-and-demand report put the entire oilseed sector under pressure. Canola futures began climbing back in the early part of September, eventually rising above the $520-per-tonne mark. However, that changed on Thursday, November 9, when the USDA left its prediction for soybean
Hard red spring wheat bids firm on Prairies
Grain Markets, Markets

Hard red spring wheat bids firm on Prairies

Basis levels varied a bit, but in general remained steady within an established range

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Hard red spring wheat bids in Western Canada rose for the week ending Nov. 3, tracking action in the U.S. futures. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were up C$3 to C$5 per tonne across the Prairie provinces, according to price quotes from a cross-section

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