Chicago | Reuters – Wheat prices rallied on Monday after a Russian missile strike on the Ukrainian port of Odesa over the weekend raised doubts about implementation of last week’s agreement to open a corridor for grain exports from Ukraine. Soybean and corn futures followed wheat, supported by forecasts for hot, dry weather across parts […] Read more
U.S. grains: Wheat firms after Russian strike threatens Ukraine export deal
Philippines’ Marcos lays out ambitious policy agenda with farm sector in focus
Manila | Reuters – Philippine President Ferdinand Marcos Jr on Monday outlined ambitious plans for his six-year term in office that focus on fiscal management, infrastructure upgrades and turning the long-neglected farm sector into an engine of growth. The Philippines is beset with numerous challenges, from soaring prices, food shortages, poverty and inequities in education, but Marcos, the […] Read more
Direct compensation for fertilizer tariffs not on table
Eastern farm groups call for help ahead of fall seeding
Farmers in Eastern Canada who rely on imports of Russian-made fertilizers aren’t going to see direct compensation for the federal government’s general tariff on those products. A clutch of farmer and ag industry groups on July 15 put forward a new request to Ottawa for compensation to farmers “negatively impacted” by a 35 per cent […] Read more
Outraged by strike on Odesa, Ukraine still prepares to resume grain exports
Accord had sought to avert major global food crisis; attack shows Moscow can't be trusted on deal, Zelenskiy says
Kyiv | Reuters — Ukraine pressed ahead on Sunday with efforts to restart grain exports from Odesa and other Black Sea ports after a missile attack that cast doubt over whether Russia would honour a deal aimed at easing global food shortages caused by the war. President Volodymyr Zelenskiy denounced the strikes on Odesa as […] Read more
Prairie cash wheat: Bids mixed to lower
U.S. wheat futures up on week
MarketsFarm — While wheat futures on the Chicago Board of Trade (CBOT) were higher after hitting low points, bids for Western Canadian wheat were mixed to lower for the week ended Thursday. The Canadian dollar gained ground against a weakening U.S. greenback, moving up by more than one U.S. cent. The loonie spent the week […] Read more
Cargill, Continental close U.S. chicken deal
Washington | Reuters — Cargill and Continental Grain said on Friday that they had closed their deal to buy Sanderson Farms, the third largest chicken producer, in a deal worth some US$4.53 billion. Under the deal, which was announced last August, Sanderson is being combined with Continental Grain subsidiary Wayne Farms. Sanderson will cease trading […] Read more
Speculative net short position grows in canola
MarketsFarm — The speculative net short position in ICE Futures canola grew during the week ended Tuesday, as fund traders liquidated long positions and opened some new shorts, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures […] Read more
Lessons on stock dogs from Ag In Motion
'Our dogs do understand that they're worthy'
Ranchers, and perhaps even dog owners, gathered around the Cattle Pen at Ag in Motion on Wednesday to learn about stock dogs and what makes them tick. Jared Epp from the Saskatchewan Stock Dog Association led that day’s demonstration and drove home four main points: showing leadership is key, the appearance of the dog doesn’t […] Read more
Ag ministers lock in next policy funding framework
AgriStability compensation rate to rise; new EGS program planned; some agmins decry feds' approach on fertilizer emission cuts
The new federal-provincial ag policy funding framework due to take effect next April 1 will include a new ecological goods and services plan and a sweetened compensation rate for AgriStability. Following meetings this week in Saskatoon, federal Agriculture Minister Marie-Claude Bibeau and her provincial and territorial counterparts on Friday mapped out the bones of their […] Read more
U.S. livestock: Cattle futures end higher on firm beef prices
Futures up before new USDA figures released
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, supported by strong beef prices and positioning ahead of U.S. government reports released after the close of the market, traders said. CME August live cattle futures settled up 1.65 cents at 137.375 cents/lb. and most-active October ended up 2.025 cents at […] Read more
Canadian Cattlemen Presents: Depth of Field
