Corn and wheat futures moved higher, while soybean values dropped following the release of the U.S. Department of Agriculture’s November crop production and supply/demand estimates on Monday morning. The numbers were not as bearish as many traders and analysts were expecting, says Mike Krueger, president of The Money Farm, in the interview above. “People thought… Read More

After trading at a significant discount to soybeans last year, contrasting production scenarios have resulted in canola gaining value relative to soybeans over the last few months. “Historically canola futures have traded $80, sometimes even $100 higher than soybeans. Last year was exactly the opposite,” explains Chuck Penner of LeftField Commodity Research. “What we’re starting… Read More

A coalition of North American meat and livestock organizations is keeping its legal options open as it attempts to have U.S. country of origin labeling (COOL) rules repealed. According to the industry, COOL is costing Canadian cattle and hog producers around a billion dollars per year. On Friday, a group that includes the Canadian Cattlemen’s… Read More

Keeping with the bearish trend in the grain markets, the USDA reported higher than expected corn and soybean yields and production in its monthly supply/demand report released on Thursday morning. The average U.S. corn yield was pegged at a record 171.7 bushels per acre, with total production of 14.4 billion bushels. For soybeans, the average yield for… Read More

The whole North American cattle industry is focused squarely on the drought situation in the United States. The realities of aggressively pulling animals forward is sure to play on the market and prices through the New Year. With last Friday’s release of the September 1, 2011 Cattle on Feed Report from the USDA, we wait… Read More