Smaller U. S. Hog Herd Surprises Traders

U. S. hog futures rose the three-cent-per-lb. daily limit, as expected, in several key contracts early on Monday after USDA surprised investors last Friday by reporting a smaller-than-expected U. S. hog herd, traders said. Analysts on average expected about a one per cent smaller herd, but USDA reported a three per cent drop in hog

States’ Soggy Spring Supportive

For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca ICE Futures Canada’s canola futures bounced around during the week ended March 19, setting fresh contract lows in the nearby months before eventually recovering to post modest advances in the most actively traded nearby contracts. However, the new crop months


ICE Canada Barley Contract Languishing

Open interest in the ICE Futures Canada barley market has declined to where the contract is no longer a viable pricing option, despite recent efforts made by ICE Canada to raise its appeal to a broader range of participants. But the contract is not likely to be delisted any time soon; ICE Canada is still

Western Barley Interest Dwindling

For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca ICE Futures Canada canola contracts moved lower during the week ended March 12, with some of the contracts hitting fresh contract lows. While there were some attempts at short-covering rallies, the bearish influences were much more persuasive. Spillover selling from


Cattle Set 16-Month High On Strong Technicals

Cattle futures at the Chicago Mercantile Exchange set a new 16-month high March 9 in the active April contract on a mix of technical and fundamental factors. Cash beef prices are the highest in nearly 10 months due to less production and improving demand. Investors also are buying cattle futures amid concerns rain and melting

Producers, Markets And Better Returns

I read with some interest an analysis of the potential for supply management in the cattle industry from John Masswohl, the Canadian Cattlemen’s Association director of government and international relations. He is certainly correct in his assessment of the impact on the cattle industry and undoubtedly the impact would be similar to any agricultural sector


Look South For World’s New Breadbasket

For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca ICE Futures Canada canola contracts moved lower during the week ended March 5, with much of the weakness tied to the strength of the Canadian dollar. The currency rose by two cents relative to its U. S. counterpart during the

Investors Develop A Taste For Beef

“We have never had this much buying in the cattle market before. It is not realistic to believe that it will continue.” – DENNIS SMITH, LIVESTOCK BROKER Investors seeking strong returns in the commodity markets have been pouring money into U. S. cattle futures, sending prices to 15-month highs and boosting February volume 27 per


Oilseed Prices Will Improve

Oilseed futures, including canola and soybeans, will likely see short-term weakness, but will be stronger in the longer term, said technical analyst David Drozd of Ag-Chieve Corporation in a presentation at Canadian Wheat Board’s annual Grain World conference in Winnipeg, Feb. 22. Pointing to a number of equity, currency, and commodity charts, Drozd said his

Canola Trade Lacking Direction

Canola contracts on the ICE Futures Canada platform held within a rather tight range during the week ended Feb. 26, initially moving higher before eventually finishing the week with small losses in the nearby contracts – although the advances did hold up in the new-crop months. The canola trade could be best described as “range