The federal government’s decision to ban the use of lambda-cyhalothrin insecticides on any crops destined for feed use has now led at least one Canadian miller to prohibit any deliveries of oats treated with the chemical. Oregon-based processor Grain Millers, whose Canadian operations include its oat mill at Yorkton, Sask., said in a memo Tuesday […] Read more
Oat miller to steer clear of lambda-cy
Grain Millers bans oats treated with insecticide product
U.S. livestock: Live cattle end higher, lean hogs mixed
Wholesale beef prices seen softening
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday, rallying after a two-session slide as corn prices dropped and feeder cattle surged, but softening wholesale beef prices hung over the market, traders said. Benchmark CME August live cattle futures settled up 1.9 cents, at 172.5 cents/lb. (all figures US$). October futures […] Read more
Pulse weekly outlook: Exports strong through three quarters
Prices rationing demand for old-crop
MarketsFarm — Canadian pulse exports continue at a solid pace through nine months of the 2022-23 marketing year, with old-crop prices trending higher over the past month as the market rations demand ahead of the new-crop harvest. Canada has exported 1.713 million tonnes of lentils during the crop year to date, with Turkey the top […] Read more
U.S. grains: Corn, soy slide as Midwest rain outlook improves
Wheat drops on Russia production outlook
Chicago | Reuters — U.S. new-crop corn and soybean futures fell on Tuesday to their lowest in more than a week, pressured by forecasts for much-needed rains in the Midwest where crops have been deteriorating under dry conditions, analysts said. Wheat futures tumbled more than five per cent as worries subsided about political instability in […] Read more
Klassen: Fed market supports feeder complex
Strength in loonie tempers market upside
For the week ending Saturday, western Canadian yearlings over 800 lbs. were relatively unchanged. Feeder cattle in the range of 600-700 lbs. were up $4-$8/cwt. The market was hard to define for feeder cattle under 600 lbs. due to limited numbers. Prices for quality calves were unchanged from seven days earlier while straggler types were […] Read more
Net short drops in canola as funds cover positions
Traders expand net longs in soy, corn
MarketsFarm — Speculative traders were busy covering short positions in ICE Futures canola during the week ended June 20, taking the net short position in the market to its smallest level in four months, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of June 20, the […] Read more
Richardson elevators expanding to feed ‘high-efficiency’ trains
Eight sites along CPKC lines to get expanded rail car spots
Grain handler Richardson International plans to expand rail car spots at eight Prairie elevators on Canadian Pacific Kansas City (CPKC) lines as the railway gears up for longer trains with new higher-volume hopper cars. Winnipeg-based Richardson on Monday announced expanded rail car spots for its elevators at Lacombe, Carseland, Provost and Olds, Alta.; Estevan, Whitewood […] Read more
U.S. grains: Wheat retreats after Russia worries lift market
Wheat down off four-month peak; corn and soybeans also retreat
Chicago | Reuters — Chicago wheat futures declined on Monday in a technical and profit-taking retreat after concerns about political stability in major exporter Russia had lifted prices earlier to four-month highs. Corn ended mixed and soybeans closed below session highs as milder temperatures and crop-boosting rains in parts of the U.S. Midwest over the […] Read more
U.S. livestock: Live cattle weak on large May placements
Slowing beef demand also a factor
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended flat to lower on Monday on larger-than-expected feedlot placements in May and expectations for slower demand for beef for outdoor grilling following the U.S. Independence Day holiday. Sharply higher feed corn prices early in Monday’s trading session weighed on the live and feeder cattle […] Read more
Analysts expect little change in new StatCan numbers
Weather was 'pretty conducive to plantings'
MarketsFarm — Dry conditions in much of the Prairies this spring may leave seeding areas relatively unchanged ahead of Statistic Canada’s (StatCan) principal field crop report, due to be released Wednesday. It will be the second survey-based acreage report for the 2023-24 marketing year, after the first one was released in April. While growing conditions […] Read more
Canadian Cattlemen Presents: Depth of Field
