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Markets, Other

Diesel prices expected to trend lower

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MarketsFarm — Canadian producers may enjoy a lower diesel bill during spring seeding, as reductions in demand have weighed on diesel prices across North America. Patrick DeHaan, head of petroleum analysis for GasBuddy, said retail diesel prices are down by about 10 to 15 cents per litre since the beginning of the year. The drop
CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soy, wheat slide with financial markets

Drop in oil prices adds pressure on corn

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Chicago | Reuters — U.S. grain and soybean futures fell on Friday as the spread of the new coronavirus triggered broad selling in commodities and equities. Wall Street tumbled as fears of economic damage intensified with the global tally of cases crossing 100,000. Financial markets view the virus, which causes a flu-like illness, as the
CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle set contract lows

Fears persist that coronavirus will hurt beef demand

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Chicago | Reuters — U.S. cattle futures sank to contract lows on Friday, extending a decline fueled by fears that the global coronavirus outbreak will slow economic growth and reduce demand for beef. Losses in the market have accelerated as the virus has spread, with the most-active April live cattle futures contract down 17 per
News, Other

Cargill bans international travel for staff amid coronavirus outbreak

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International grains trader and processor Cargill Inc. has banned all non-essential travel for its employees for at least two weeks due to the coronavirus outbreak, company spokeswoman April Nelson told Reuters Feb. 27. Cargill, the largest private U.S. company, said any essential international travel would need approval from a member of the company’s executive team.
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Crops

Ag chem industry watching COVID-19’s spread

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MarketsFarm –– China is a major producer of agricultural chemicals — and disruptions to production would have a ripple effect on North American supplies of crop protection inputs, such as herbicides and insecticides. Plant closures and transportation issues due to the spread of COVID-19 coronavirus are being followed closely, but the Canadian industry is reportedly
CBOT May 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Virus worries, export sales drag on soybeans

Corn down on rising U.S. ethanol stocks

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Chicago | Reuters — U.S. soybean futures fell on Thursday on poor export demand coupled with declines in global equity markets tied to worries about an economic slowdown due to the COVID-19 coronavirus, analysts said. Corn followed soybeans lower while nearby Chicago Board of Trade wheat futures clung to modest gains, supported by inter-market spreading.
CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle retreat on demand worries

Hogs up on hopes for sales to China

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Chicago | Reuters — U.S. cattle futures slid Thursday as the global spread of the COVID-19 coronavirus raised worries about an economic slowdown that could hurt demand for beef. U.S. beef demand has been strong since last year, helping to push April live cattle futures to a contract high in December. On Friday, though, futures
A delivery worker checks his mobile phone on an electric bike filled with vegetables on a street in Wuhan in China’s Hubei province on Feb. 28.
Grain Markets, Markets, News, Other

Commodities not immune to risk-off mentality

Coronavirus fears drag grains, oilseeds, equities and energy markets lower

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A sharp drop in global equity and energy markets during the last week of February did not spare agricultural commodities, with ICE Futures canola falling to fresh contract lows and Chicago grains and oilseeds also under pressure. Fears over the COVID-19 coronavirus were heightened during the week, as more cases were confirmed outside of China
CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle, hogs rise with equities

Livestock futures await export sales data

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Chicago | Reuters — U.S. livestock futures strengthened on Wednesday as gains in financial markets helped fuel a recovery from contract lows reached last week in the live cattle market. Live cattle futures have been looking to equity markets for direction as uncertainty about the impact of the coronavirus epidemic has fueled swings in stock

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