MarketsFarm — All eyes in the Chicago grain and oilseed markets are focused on weather conditions as the South American harvest progresses and North American farmers begin seeding their next crop. The U.S. Department of Agriculture’s monthly supply/demand report (WASDE), released Tuesday, left ending stocks projections for both soybeans and corn in the country unchanged […] Read more
CBOT weekly outlook: Weather in focus for Chicago grains, oilseeds
Heavy snowpack remains in parts of northern Plains
U.S. livestock: CME live cattle hit record high as packers scramble for supplies
Chicago lean hogs continue lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stormed to an all-time high on Wednesday as meatpackers scrambled to buy livestock at a time when supplies are tightening, brokers said. Ranchers have reduced their herds due to high feed costs and drought in the western U.S., forcing packers such as Tyson Foods and […] Read more
France says pesticide ban will not hit grain exports
Fumigant can't be in 'direct contact' with grains
Paris | Reuters — France will ensure that a decision by health and safety agency ANSES to ban the use of a pesticide in direct contact with grains does not hamper its exports outside the European Union, its trade and agriculture ministers told Parliament on Tuesday. In late October ANSES cleared the use of phosphine […] Read more
Colorado passes first U.S. right-to-repair legislation for farmers
Manufacturers fear safety, emissions systems could be overridden
Reuters — Colorado farmers will be able to legally fix their own equipment next year, with manufacturers such as Deere and Co. obliged to provide them with manuals for diagnostic software and other aids, under a measure passed by legislators in the first U.S. state to approve such a law. The Consumer Right to Repair […] Read more
U.S. grains: Chicago grains up after jumpy day of Black Sea concerns
Markets await U.S. export sales data on Thursday
Mexico City | Reuters — Chicago grains futures closed higher Wednesday, after a mixed day underpinned by renewed Russian criticism of the deal allowing Ukraine to export grain from Black Sea ports. Soybean and corn futures settled up, regaining some ground lost earlier in the session amid a bumper soy harvest in Brazil and an […] Read more
Outlook for Black Sea grain deal ‘not so great,’ Kremlin says
Grain deal due to expire next month; Russia wants financial, insurance obstacles removed
Moscow | Reuters — The Kremlin on Wednesday said the outlook for the landmark U.N.-brokered Black Sea grain deal was not great as promises to remove obstacles to Russian exports of agricultural and fertilizer exports had not been fulfilled. The grain deal is an attempt to ease a food crisis that predated the Russian invasion […] Read more
Pulse weekly outlook: Slow start to Saskatchewan spring
Timely pulse seeding still expected
MarketsFarm — While below-normal temperatures have welcomed the start of spring, pulse seeding in Saskatchewan is expected to start on time in 2023 if the weather co-operates. “We’ve had a slow start to spring,” said Saskatchewan Pulse Growers (SaskPulse) executive director Carl Potts. “It’s still a bit of time before seeding would normally start across […] Read more
USDA stands pat on U.S. soybean, corn ending stocks
Soy, corn crop projections cut for Argentina
MarketsFarm — Projected ending stocks for soybeans and corn in the United States for the current marketing year were left unchanged by the U.S. Department of Agriculture in its latest monthly supply/demand report (WASDE) — coming as a surprise to market participants who had generally anticipated downward revisions to the carryout numbers. USDA left 2022-23 […] Read more
U.S. livestock: Cattle futures continue climbing
Lean hog futures down on day
Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures continued climbing Tuesday, with most-active June live cattle again reaching a new contract high. CME June live cattle closed Tuesday at 163.95 cents/lb., up 0.25 cent on the day, while lightly-traded front-month April also closed at a new contract high of 172.3 cents, up 0.925 […] Read more
U.S. grains: Chicago soy stronger on predictions for Argentina crop
Black Sea supply a risk as Russia challenges corridor deal
Mexico City | Reuters — Chicago soybean futures settled higher on Tuesday after the U.S. government slashed its estimate for production in Argentina to a 23-year low in a monthly report. Soybean production in Argentina will be smaller than previously thought at 27 million tonnes as a crop-wasting drought decimated fields in the key South […] Read more
Canadian Cattlemen Presents: Depth of Field
