Chicago | Reuters — U.S. corn futures fell to their lowest in nearly three weeks on Thursday as rains bolstered production prospects in the Midwest and traders braced for key acreage and stocks data due Friday from the U.S. Department of Agriculture. Wheat followed corn lower, pressured by a stronger U.S. dollar, which tends to […] Read more
U.S. grains: Corn futures near three-week low
Soy mostly firm ahead of USDA reports; wheat follows corn lower
Prairie Forecast: Alberta low to bring bit of a cooldown
Issued June 28, covering June 28 to July 5
After a fairly active weather pattern over the last few days, at least across the eastern half of the Prairies, it looks like most regions will see much quieter few days to start off this forecast period. Weak upper-level ridging combine with a broad but weak area of surface high pressure should bring typical summer […] Read more
Rail interswitching expansion pilot clears Parliament
Grain handlers to press for plan to be made permanent
Last week’s passage of the 2023 federal budget starts a 90-day countdown toward an 18-month test of expanded interswitching on railways in the three Prairie provinces. Bill C-47, the government’s budget implementation bill — which was first read April 20 in the House of Commons and got third reading in the Senate and royal assent […] Read more
West Coast longshore workers set to strike Saturday
Grain handling exempt from port work stoppage
Other than those who handle grains and oilseeds at port terminals and elevators, longshore workers at Canada’s West Coast ports are poised to walk off the job starting Saturday morning. The International Longshore and Warehouse Union (ILWU Canada) on Wednesday morning served the British Columbia Maritime Employers Association (BCMEA) with 72 hours’ strike notice, which […] Read more
U.S. grains: Corn, soy tumble on forecasts for much-needed rains
CBOT September wheat also lower
Chicago | Reuters — U.S. corn futures fell more than four per cent and soybeans more than two per cent on Wednesday, pressured by forecasts for beneficial rains in the Midwest where crops have struggled with dry conditions, analysts said. Wheat also declined, pressured by the expanding U.S. winter wheat harvest and a larger-than-expected Canadian […] Read more
U.S. livestock: Live cattle climb on firm cash markets
Chicago lean hogs end mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher for a second session on Wednesday, lifted by strength in the cash market tied to tightening U.S. cattle supplies, traders said, while tumbling corn prices lifted feeder cattle futures. CME August live cattle futures settled up 1.375 cents at 173.875 cents/lb. (all figures US$). […] Read more
Adjournments put off ag bills to September at earliest
Farm fuel, supply management, produce trust bills on hold
Federal private members’ bills with potential significant weight for Canada’s grain, livestock, dairy, poultry, egg, fruit and vegetable producers are now on hold until mid-September at least. Members of the House of Commons voted June 21 to adjourn until Sept. 18, while the Senate did likewise June 22, to return Sept. 19. While the two […] Read more
CBOT weekly outlook: Corn could surprise in USDA’s acres report
Eyes on dry conditions in the Dakotas
MarketsFarm — Although grains analyst Terry Reilly of Futures International said he isn’t expecting any big changes in two upcoming reports from the U.S. Department of Agriculture, he suggested there’s an opportunity for couple of notable alterations. USDA is scheduled to release its planted acreage and quarterly grain stocks reports on Friday at 11 a.m. […] Read more
Scientists isolate human gene able to fend off most bird flu viruses
Finding may show which bird flu strains have human pandemic potential
London | Reuters — U.K. researchers have homed in on a human gene implicated in thwarting most bird flu viruses from infecting people. Bird flu chiefly spreads among wild birds such as ducks and gulls and can also infect farmed birds and domestic poultry such as chickens, turkeys and quails. Although the viruses largely affect […] Read more
Canadian canola, wheat area up on the year: StatCan
More soybean, corn acres also estimated
MarketsFarm — Canadian farmers planted more canola than earlier intentions, according to updated acreage estimates from Statistics Canada released Wednesday. Meanwhile, wheat plantings hit their highest level in more than two decades. Total canola plantings were estimated at 22.1 million acres by the government agency, which compares with the 21.6 million expected in April and […] Read more
Canadian Cattlemen Presents: Depth of Field
