Commodity futures
Leaning hog futures closed firm on Thursday due to short covering, spreading, and deep-month speculative bargain hunting, despite initial buyer reluctance and technical resistance. The April contract closed 15 points higher at 61.62 cents a pound, while the June contract closed 40 points higher at 69.30 cents. Pork
Commodity futures
Canola futures at the Winnipeg Commodity Exchange traded at mainly higher levels at mid-session, with unexpected strength in CBOT soybean values providing support to the crop. Market watchers attributed the gains to light exporter pricing of old export business and the surfacing of some fresh domestic crusher demand. However, elevator
Commodity futures
Canola futures at the Winnipeg Commodity Exchange (WCE) traded mainly lower levels at midsession in generally choppy activity, influenced by steady elevator company hedge offers and losses posted by CBOT soybean complex values. The declines in CBOT soybean and soyoil futures were the key undermining price influences, traders said. Steady
Commodity futures
Markets for beef and livestock worldwide faced significant disruptions in late January 2006, driven by concerns over safety, trade restrictions, and pollution. The winter rally in U.S. fed cattle prices, which normally lasts until mid-March, was expected to be flat due to the ongoing issues. At the same time,
Commodity futures
Chicago Mercantile Exchange (CME) lean hog futures closed mostly firm on February 6, 2006, as traders engaged in spreading and short covering amidst volatile trading. The February and April contracts showed notable improvements in their Relative Strength Index (RSI) signals, suggesting potential buying opportunities. Despite this, the February contract ended
Commodity futures
A cluster of simultaneous animal disease outbreaks is putting a significant strain on the global beef and poultry industries. The crises involve the detection of the mad-cow disease in Canada, a confirmed case of the disease in an Alberta-based cow, and bird flu outbreaks in Romania and the United States.
Commodity futures
The global beef market is facing unprecedented turmoil as Japan's ban on U.S. beef imports has sparked widespread concerns over mad cow disease. The recent discovery of a new case in Canada has further tightened the noose on beef imports, with the U.S. government struggling to
Commodity futures
The Winnipeg Commodity Exchange (WCE) grain and oilseed futures closed Thursday's session little changed, with canola ending mainly higher due to steady export demand and intermonth spreading. The canola market saw choppy trading, with prices mostly higher at the close, as the market remained generally supported by export
Commodity futures
The Winnipeg Commodity Exchange (WCE) saw futures for grain and oilseeds trade steady to higher at midsession on Thursday, with underlying support from firmer CBOT soybeans and corn. Canola futures showed some modest strength, with gains in CBOT soybeans lending support. However, the market was not seeing as much spillover
Commodity futures
The Winnipeg Commodity Exchange grain and oilseed futures closed with mixed results on Wednesday, with canola prices rising on talk of fresh export activity. The market saw light trade, with estimated volumes of 3,362 contracts in the canola spread trade and a total of 5,920 contracts traded, down
Commodity futures
The Winnipeg Commodity Exchange (WCE) grain and oilseed futures closed lower on Monday as canola prices were pressured by the steep declines in the soybean complex at the Chicago Board of Trade. Despite the slide, canola prices dropped modestly in moderate trade, with intermonth spreading accounting for about a third
Commodity futures
Grain and oilseed futures at the Winnipeg Commodity Exchange (WCE) were mainly lower on Thursday, with canola prices experiencing losses in moderate trade. The market's activity was comprised of intermonth spreading, with a notable feature being the Jan/Mar spread at C$7.50 to C$8.00.
