MarketsFarm — The feed grain market in Western Canada is holding relatively steady for the time being as both buyers and sellers wait to get a better handle on new-crop production. “It’s a waiting game at this point between the farmer and the feedlot,” said grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta. […] Read more
Feed weekly outlook: Market in a waiting game
U.S. corn, available wheat keep market supplied
Kremlin says ammonia pipeline blast negative for Black Sea grain deal
Russia had sought transit for ammonia via Ukraine
Moscow | Reuters — The Kremlin said on Thursday that there would be a “negative impact” on the fate of a Black Sea grain deal from a blast which damaged a pipeline used to export Russian ammonia via Ukraine that Moscow wants restarted. The Togliatti-Odesa pipeline, which once pumped up to 2.5 million tonnes of […] Read more
ICE weekly outlook: Canola finds support from funds, weather
Crude oil markets also a factor
MarketsFarm — After being in a steady decline over the past month, the ICE Futures canola market was on the rise for the week ended Wednesday. The July canola contract closed Wednesday at $670.30 per tonne, an increase of $20.70 from the week before. Meanwhile, the November canola contract rose $22.60 per tonne over the […] Read more
Bison industry expanding, becoming mainstream
Bison meat emerging from 'seasonal' perception
MarketsFarm — The Canadian bison industry has been through some difficult times during the last few years but is now emerging from those doldrums, according to Manitoba Bison Association president Robert Johnson. “Between the two drought years and the COVID-19 pandemic, then high feed prices, probably the last two years have been pretty crappy for […] Read more
Brazil justice grants Congress more time on bill limiting Indigenous rights
Case pits Indigenous against Big Ag
Brasilia | Reuters — A Brazilian Supreme Court justice on Wednesday asked for more time to study a case pitting the country’s Indigenous people against its powerful farm sector, a decision that is likely to give lawmakers more time to pass a measure favouring Big Agriculture. The decision by Justice Andre Mendonca, an Evangelical pastor […] Read more
CBOT weekly outlook: Ending stocks of corn, soy predicted to rise
Ending stocks of wheat projected to drop as drought hits Kansas winter wheat
MarketsFarm — Ahead of supply and demand estimates from the U.S. Department of Agriculture due out Friday, analyst Tom Lilja of Progressive Ag in Fargo, N.D. predicted increases in 2023-24 ending stocks for U.S. corn and soybeans and decline for wheat. The average trade guess for wheat going into this month’s report was approximately 570 […] Read more
Late Indian monsoon to start in next two days
The monsoon is vital to the country's agricultural production
MarketsFarm – The onset of India’s annual southwest monsoon, which is vital to the country’s agricultural production, is expected to hit the southern state of Kerala within the next 48 hours, according to an update from the India Meteorological Department. The persistence of westerly winds over the Arabian Sea, the increased depth of those westerly […] Read more
U.S. grains: Wheat futures snap winning streak
Corn weak, soybeans mixed
Chicago | Reuters — U.S. wheat futures fell on Wednesday, with the most-active Chicago Board of Trade soft red winter wheat contract snapping a five-session rally that had pushed prices to their highest in nearly three weeks, traders said. But concerns about export demand for U.S. supplies pulled wheat prices lower, with high-protein offerings notching […] Read more
U.S. livestock: CME cattle weaken off new contract highs
Lean hogs down off highest since mid-May
Chicago | Reuters — Chicago Mercantile Exchange cattle futures weakened on a technical setback on Wednesday, closing in negative territory after rising to fresh contract highs during the session. Hog futures were also weaker. Benchmark CME August live cattle futures settled down 2.3 cents at 173.2 cents/lb. after posting a fresh contract high of 175.95 […] Read more
Ontario extends deadline to lock in RMP coverage
Final date to secure coverage moved to June 30
Grain and oilseed growers and cattle, hog, sheep and veal producers in Ontario now get until June 30 this year to secure coverage under that province’s Risk Management Program (RMP). The province on May 29 announced the deadlines for grain and oilseed producers to submit their completed RMP applications and make any coverage changes — […] Read more
Canadian Cattlemen Presents: Depth of Field
