London/United Nations | Reuters — Three new ships were authorized on Thursday to take part in a deal allowing the safe Black Sea export of Ukraine grain, said the United Nations as global wheat prices fell further a day after Russia agreed to extend the pact for 60 more days. Russia had threatened to quit […] Read more
Three more ships approved under renewed Black Sea grain deal
Wheat futures down on news of renewal
No respite expected for wildfire-hit Alberta
Forecasts call for fire conditions to worsen
Ottawa | Reuters — Abnormally hot and dry weather is set to return to Alberta on Thursday after a couple of cooler days helped calm wildfires that have forced thousands of evacuations in the province. Record-high temperatures and tinder-dry vegetation have led to an intense, early start to wildfire season in Western Canada this year. […] Read more
Potential loss of AM radio in vehicles a concern for farmers
Many farmers rely on AM range, signal; U.S. lawmakers launch legislation
Canadian farmers are expressing concern about the possibility of their access to AM radio disappearing. Ford, which has been Canada’s best-selling auto brand since 2009, has stated it plans to stop putting AM radios in non-commercial vehicles by 2024. The automaker’s decision follows those of companies such as Tesla, Mazda and Volkswagen, which have removed […] Read more
Saskatchewan to top up some claims for wildlife-damaged forage
Affected producers in southwestern, west-central areas eligible
Producers in southwestern and west-central Saskatchewan who lost stacked forage to wildlife feeding last winter may see a bump up in their compensation. The Saskatchewan and federal governments on Wednesday announced a “supplemental freight adjustment” to their wildlife damage compensation program, administered by Saskatchewan Crop Insurance Corp. (SCIC). SCIC, the province said, has “reassessed and […] Read more
Ukraine lifts barriers to exports of some farm goods
Export licenses were in place to maintain domestic supplies
Kyiv | Reuters — Ukraine has removed barriers to the export of some agricultural commodities, imposed last year to prevent food shortages, in a bid to boost foreign currency income, its government said on Tuesday. The country introduced export licences in 2022 to protect food supplies after agricultural production was hit by Russia’s invasion. While […] Read more
U.S. livestock: Lean hogs pressured by cheap cash prices, softer pork prices
Nearby live cattle higher, feeder cattle down
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined on Wednesday, snapping a three-session advance, pressured by a discounted cash hog market and declining wholesale pork prices, traders said. CME June lean hog futures settled down 2.325 cents at 84.875 cents/lb. and the July contract fell 2.575 cents to end at 85.55 cents […] Read more
ICE weekly outlook: Unclear where canola wants to go
Soy complex's trend much more apparent
MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday, […] Read more
CBOT weekly outlook: North Dakota corn growers switch to soy, sunflower
'Tough day in the markets' as Black Sea deal extended
MarketsFarm — Faced with a late start due to wet conditions, North Dakota farmers are changing their spring planting plans. They’re switching from corn to crops such as soybeans and sunflowers, according to analyst Tom Lilja of Progressive Ag in Fargo. “Guys just started rolling here on [May 14 and 15] fairly heavy. There was […] Read more
U.S. grains: Corn hits 18-month low on crop prospects
Chicago wheat tumbles on Ukraine deal
Chicago | Reuters — Benchmark U.S. corn futures fell to an 18-month low on Wednesday on news that China cancelled purchases of U.S. corn, and as favourable early-season crop weather bolstered projections for bumper U.S. harvests this year, analysts said. Wheat futures tumbled 3.4 per cent after the Black Sea grain deal, allowing for the […] Read more
Prairie Forecast: Above-average temperatures to continue
Covering the period from May 17 to 24, 2023
The upper ridge that has been in place over much of B.C. and Alberta over the last few weeks looks to remain in place, at least for a few more days. There are some indications of a shift in the overall weather pattern towards a warm and wetter setup. As predicted, an area of low […] Read more
Canadian Cattlemen Presents: Depth of Field
