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(Lentils.ca)
Crops, Markets

Pulse weekly outlook: Lentil prices seen as too high, sales stalling

'Destination markets are not in desperation mode'

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MarketsFarm — Prices for pulses, such as lentils for example, have been approaching the point where they are good for growers but getting too expensive for the destination markets, according to Marcos Mosnaim of Mercaris Commodities. “It’s a kind of an interesting scenario, where you see farmers not selling and prices to farmers keep going
(Valerie Loiseleux/iStock/Getty Images)
Beef cattle, Forages, Livestock, Weather

‘Time is ticking’ on drought response for beef cattle sector

'We need answers like yesterday'

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As Canada’s beef farmers and ranchers face drought, industry leaders are trying to find ways to secure feed and help those forced to sell rebuild their herds. B.C. ranchers are dealing with high temperatures that have “parched the grass that was there,” Kevin Boone, general manager of B.C. Cattlemen’s Association, said during a Canadian Cattlemen’s
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market stays firm

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Compared to last week, western Canadian prices for yearlings weighing 800 lbs. and over were unchanged; however, calves and yearlings in the 600- to 800-lb. category traded steady to $3 higher. The calf market was hard to define due to small groups of various quality. Strength in deferred live cattle futures along with the weaker
CME October 2021 lean hogs (candlesticks) with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Firm cash markets lift hog futures

Cattle futures extend slide

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Friday as firm U.S. cash markets and rising pork prices underscored tight hog supplies, analysts said. News of the first confirmed cases of African swine fever in farmed pigs in Germany added support, raising uncertainty about pork export flows. However, exports of
CME August 2021 live cattle (candlesticks) with Bollinger bands (20,2) and October 2021 live cattle (dark red line). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle drift lower

Lean hog futures end mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures drifted lower on Thursday in lacklustre trade, with disappointing weekly export sales data and softening wholesale beef cutout prices adding pressure, analysts said. “The fact that the cutout on beef has been drifting lower just doesn’t give the market a lot of confidence that packers
MGEX September 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines) and CBOT September 2021 wheat (black line). (Barchart)
Crops, Markets, Weather

U.S. grains: Wheat climbs on stressful northern Plains weather

Chicago soybean futures sag

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Chicago | Reuters — U.S. wheat futures rose on Thursday, led by Minneapolis Grain Exchange (MGEX) spring wheat futures, which hit an 8-1/2-year high near US$9 a bushel as drought threatened crops in the northern Plains and Canadian Prairies. Soybean futures fell on disappointing domestic soy crush data and corn eased after a three-session climb.
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans, wheat fall

CBOT corn ends slightly firm

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Chicago | Reuters — U.S. soybean and wheat futures fell on Thursday while corn firmed slightly, with all three commodities closing well off their session peaks on a round of profit taking after rallying to their highest since mid-June, traders said. Forecasts for improving crop weather in the U.S. Midwest added pressure. CBOT November soybeans
File photo of a container vessel being unloaded at a U.K. port. (Sterling750/iStock/Getty Images)
Markets

Britain begins negotiations to join Trans-Pacific pact

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London | Reuters — Britain will begin negotiations on Tuesday to join a trans-Pacific trade deal that it sees as crucial to its post-Brexit pivot away from Europe and toward geographically more distant but faster-growing economies. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) removes 95 per cent of tariffs between its members: Japan,

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