Cattle Abuse Causes Slump In Futures

U.S. cattle futures slumped April 20 after an animal-welfare group released a grisly video depicting dairy calves on a Texas ranch being killed with a hammer and pickaxe. The owner of the E6 Cattle LLC ranch described the incident as a one-time event involving four new employees who had since been fired, and said training

Risk-Averse Investors Ignore Weather Signals

Old-crop canola con-t racts on the ICE Futures Canada trading platform took it on the chin during the week ended April 15, suffering larger losses than the new-crop months. The complete lack of buying interest resulted in the nearby May and July canola futures suffering some significant declines. Steady elevator company hedge selling, prompted by


Waters Remain Muddied For Seeding Predictions

Canola futures on the ICE Futures Canada trading platform were mixed during the week ended April 8, with old-crop months down and new-crop contracts posting advances. The sell-off of the nearby May and July canola futures reflected the ample old-crop supply situation and the absence of demand from the domestic and export sectors. Talk surfaced

In Brief… – for Apr. 7, 2011

Japan to import 5.11 mln tonnes wheat:Japan plans to buy 5.11 million tonnes of foreign milling wheat in the year to March 2012 to supplement locally grown grain, the Ministry of Agriculture said last week. Japan, the world’s fourth-biggest wheat importer, buys wheat to supplement locally grown grain and keeps a tight grip on bulk


Western Barley Sees Actual Trading

Canola contracts on the ICE Futures Canada platform moved higher during the week ended April 1, taking their cue from the rally in the U.S. soybean and corn markets. Activity was range-bound and choppy for the first half of the week, as participants squared their positions ahead of two widely anticipated U.S. Department of Agriculture

Corn To Meet Or Exceed 2008 Record Price

KANSAS CITY, MO./REUTERS Corn futures rallied April 3, matching the record-high price set during the 2008 global food crisis and extending sharp gains posted the previous week due to very tight supplies. Futures added over three per cent to a rally that began on March 31 when the U.S. Department of Agriculture pegged quarterly corn


Bull Market In Corn Resumes After Seasonal Downturn

It appears the seasonal tendency for corn prices to move lower in March may be over, due to the bears being unable to push prices below an important line of support on the December 2011 futures contract. This is also the point at which a reversal pattern called a harami materialized on the candlestick chart.

U.S. Cattle Futures Hit Record High, Hogs Sharply Higher

U.S. cattle and hog futures closed sharply higher last Friday, with the April cattle contract at the highest ever for a lead contract. As of last Friday both markets had fully recovered the losses incurred shortly after Japan’s March 11 earthquake. In cattle, higher cash sales last week in Nebraska, the No. 2 cattle state



Economic Uncertainty Sends Speculators Packing

Canola futures on the ICE Futures Canada trading platform suffered a major price setback during the week ended March 11, with much of the downward price slide associated with the unloading of positions by speculative accounts. None of the liquidation orders were based on fundamentals; rather, individuals were unnerved by ongoing tensions in the Middle