There has been a little bit of a shift in the overall weather pattern according to the latest weather model runs. The arctic high is dropping east-southeast as expected and will be around James Bay by the middle of this week. Along the southern boundary of the arctic air, the weather models show an area […] Read more
Prairie Forecast Update: Low to push across region’s east
Update issued June 25, covering June 25-28
U.S. regulator allows first sales of lab-grown meat
Products to go first to high-end restaurants
Washington | Reuters — Two companies, Upside Foods and Good Meat, said on Wednesday they have received final U.S. Department of Agriculture approval to sell lab-grown meat, paving the way for the nation’s first-ever sales of the product. With the approvals, the U.S. will become the second country after Singapore to allow the sale of […] Read more
Prairie cash wheat: Spring wheat vaults higher, durum nudges up
U.S. wheat futures, Canadian dollar up on week
MarketsFarm — Spring wheat prices on the Canadian Prairies experienced sharp upticks while gains for durum were much more subdued. A drop in U.S. wheat ratings fueled the upswing in wheat prices, as dry conditions took further hold with approximately 15 per cent of U.S. spring wheat now in drought. While that’s up four points […] Read more
U.S. grains: Corn, soybeans, wheat fall ahead of weekend
Rainfall in U.S. Midwest forecasts
Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell to one-week lows on Friday, pressured by forecasts for beneficial rains in the U.S. Midwest, traders said. Wheat futures also were lower, with traders locking in profits from a rally that has pushed prices higher for five weeks in a row. Signs […] Read more
U.S. livestock: Feeder cattle rally as corn prices sag
Live cattle, lean hogs down
Chicago | Reuters — CME Group feeder cattle contracts rallied on Friday, their second day of gains, as weakening corn prices cut into feed costs and boosted profit margins at packers. Hog futures were weaker on follow-through selling after Thursday’s sharp decline. The August CME feeder cattle contract gained 3.275 cents, to 233.95 cents/lb., rising […] Read more
Ukraine ‘99.9 per cent’ certain Russia will quit Black Sea deal next month
Russia wants demands met on ammonia shipments
Kyiv | Reuters — Russia is 99.9 per cent certain to quit a U.N.-brokered deal on the safe wartime passage of Black Sea grain next month because it no longer needs Ukrainian ports to export ammonia, a senior Ukrainian diplomat said. The United Nations and Turkey brokered the Black Sea Grain Initiative with Moscow and […] Read more
Feds lift ‘pause’ on increases in crop chemical MRLs
New set of rules also calls for 'cosmetic' pesticide use to be banned on federal lands
Proposals to increase a crop chemical’s maximum residue limits (MRLs) on foods and food crops in Canada can again seek federal approval, after being put on temporary hold two years ago. Among several other changes, a planned new package of federal regulatory amendments will put a gradual end to a “pause” imposed in August 2021 […] Read more
Feed weekly outlook: Rains lift interest, prices
Dry conditions in U.S. Corn Belt supportive
MarketsFarm — When Alberta was dry, feed prices drew little interest according to Susanne Leclerc of Market Master Ltd. in Edmonton. But that changed after some timely rains, with prices on the rise. “There’s more demand than we have seen in a while,” Leclerc said. “When crops were looking crappy and people were worried about […] Read more
U.S. grains: Soy, corn down off multi-month highs
CBOT winter wheat firm
Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Thursday, pressured by a round of profit-taking and some weather outlooks that called for relief to drought-stricken crops in the U.S. Midwest, traders said. “The markets have obviously been overbought on the run-up here on weather,” said Mark Soderberg, grains research […] Read more
U.S. livestock: Cattle futures rise, hogs fall
Feeder cattle back in Bollinger range
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures firmed on Thursday, rebounding from a sharp decline a day earlier on support from weakness in the corn market. Live cattle futures also closed higher but hog contracts weakened, extending a sell-off that started on Wednesday as traders said the market remained technically overbought. Analysts […] Read more
Canadian Cattlemen Presents: Depth of Field
