Chicago | Reuters — U.S. corn and soybean futures steadied on Tuesday after the market rallied sharply at the end of last week on concerns that hot and dry weather will lead to harvest shortfalls. The market remained underpinned by the most recent forecasts, which remained unfavourable for key growing areas of the U.S. Midwest, […] Read more
U.S. grains: Soy, corn futures steady; wheat mixed
Large Russian exports tempered fears of Black Sea corridor agreement breakdown
Canada retools inflation baskets with more focus on food, gas
Snowblowers and barbecues in, DVD players out
Ottawa | Reuters — Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact on the […] Read more
Klassen: 800-lb. steers touch $300/cwt mark
Nearby cash market at odds with futures
For the week ending June 17, western Canadian feeder cattle prices were quoted $2-$5/cwt higher on average compared to seven days earlier. However, larger packages of quality yearlings traded $8-$10/cwt above week-ago levels. The market was hard to define because available supplies are dwindling at this time of year. The quality of cattle was extremely […] Read more
Mexican president moves to prioritize domestic corn for tortillas
Mexico is embroiled in a dispute with the U.S. over decree to limit use of GM corn
Mexico City | Reuters — Mexico’s president announced on Monday he will sign an agreement this week with makers of the country’s food staple tortillas that ensures they only use non-genetically modified (GM) white corn while also setting new tariffs on imports of the grain. Tariffs on white corn imports from countries that do not […] Read more
Pulse weekly outlook: Fewer growers signing up their green lentils
'A lot of interest' seen for red lentils
MarketsFarm — There has been a divergence of prices between green and red lentils so far in 2023, according to Levon Sargsyan of Johnston Grains at Weyburn, Sask. Sargsyan said he hasn’t seen too many acres of green lentils signed up for this year, while it’s the opposite case for the reds. “I’m seeing some […] Read more
Taiwan formally opens to OTM Canadian beef
BSE-era restriction now lifted
Taiwan has officially lifted its import ban on Canadian beef and beef products from animals over 30 months of age (OTMs). Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau announced the move Friday, saying Taiwan’s decision “will offer an opportunity to expand Canadian beef exports to Taiwan and diversify export markets in the […] Read more
Farm groups push for Bill C-234 passage
Ag groups concerned that carbon tax exemption bill won’t clear Senate before break
Prairie farm groups are pushing the Senate to prioritize a bill that would exempt propane and natural gas for grain drying and barn heating from carbon tax. In a joint statement June 13, Keystone Agricultural Producers, the Alberta Federation of Agriculture and the Agricultural Producers Association of Saskatchewan urged the Senate to pass Bill C-234 […] Read more
Canada warns VCOOL would sabotage shared Canada-U.S. goals, supply chains
The Canadian government has submitted its views on proposed U.S. food labelling rules
Proposed U.S. country of origin labelling rules run contrary to mutual Canada and U.S. goals to reduce inflation, improve food security and build resilient supply chains, according to a submission from the Canadian government to the U.S. Department of Agriculture. “One of the great strengths of the U.S.-Canada bilateral relationship is the successful integration of […] Read more
Prairie Forecast Update: Alberta low to break in two
Forecast issued June 18, covering June 19-21
So far, the general forecast seems to be on track, but there have been some changes. The area of low pressure expected to develop and move north through Alberta is still on track but the weather models now it show it winding itself up across central and northern Alberta on Monday before it breaks apart […] Read more
Black Sea grain shipments shrink amid Ukraine deal doubts, Cargill exec says
'Grey/black' fleet seen handling more Russian traffic
London | Reuters — South American grain exports are set to overshadow Black Sea shipments this year as doubts grow over a U.N.-backed Ukraine deal and international traders cut commercial activities in Russia, a top executive with major commodities group Cargill said. The Black Sea grain deal, which allows the safe passage of grains through […] Read more
Canadian Cattlemen Presents: Depth of Field
