Khreshchate, Ukraine | Reuters — Ukrainian farmer Mykola Tereshchenko hopes to start harvesting his wheat fields this week, but the smallholder in northern Ukraine has nowhere to store the grain. His silos are still crammed full with 1,100 tonnes of grain from last year’s harvest that he can’t export due to the closure of Ukraine’s […] Read more
Ukraine grain storage crisis hits home as farmers harvest new crops
Outlook bleak if sea export route not reopened soon
South Africa looking at another large corn crop in 2022-23
MarketsFarm — South Africa is reported to be well on its way to producing another 15 million-plus-tonne corn crop in 2022-23, according to the U.S. Department of Agriculture (USDA) attaché in Pretoria. However, it will be far less than the USDA’s current estimate of 17.3 million tonnes. Nevertheless, if the attaché’s forecast were to hold, […] Read more
U.S. livestock: Rising wholesale meat prices lift futures
CME live cattle buck seasonal trends
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended higher on Tuesday as wholesale beef prices rose, bucking seasonal trends and spurring hopes for higher cash cattle prices this week, traders said. CME August live cattle futures settled up 0.1 cent at 135.725 cents/lb. and most-active October ended up 0.5 cent at 141.1 […] Read more
U.S. grains: Corn, soybeans end lower on crop prospects
Wheat down on cancelled export tender
Chicago | Reuters — U.S. corn futures fell more than two per cent on Tuesday and soybeans also declined on optimism for sizable U.S. crops and some forecasts for rain next week, despite pockets of stress from hot and dry conditions, traders said. Wheat futures finished lower after a choppy session, declining after Egypt’s state […] Read more
Pulse weekly outlook: Manitoba’s crops in ‘better situation’ than last year
Lost acreage still a question mark
MarketsFarm — Despite varied amounts of rainfall across the southern half of Manitoba over the past few weeks, pulses are faring quite well according to the province’s pulse specialist. Dennis Lange, who’s based at Altona, said while peas in fields with excessive moisture are struggling, those grown in adequate moisture and lighter soils are in […] Read more
Klassen: Tighter fundamentals support feeder complex
Compared to last week, western Canadian yearling prices were steady to $2 higher on average while calf markets were up $2-$4. There was an increase in activity over the past week, although many auction barns remain in holiday mode. Major feedlot operators in southern Alberta were extremely aggressive on yearlings fresh off grass and this […] Read more
Retailer takes over G3 ag input site
The Rack takes up ag retail business at Plenty, Sask.
A western Saskatchewan ag retail chain has expanded its footprint in that region after closing a deal for a G3 grain elevator’s crop input business. G3 announced Monday it had completed the sale of the ag input business adjacent to its elevator west of Plenty, Sask., to Saskatchewan input and bulk fuel dealer Rack Petroleum, […] Read more
P.E.I. finance minister moves to ag file
Darlene Compton named agriculture minister in shuffle
Prince Edward Island’s deputy premier now handles the provincial agriculture file following a cabinet shuffle Friday. Premier Dennis King has named Darlene Compton, MLA for the riding of Belfast-Murray River, as minister of agriculture and land, justice and public safety minister and attorney general, replacing Stanhope-Marshfield MLA Bloyce Thompson. Thompson, who had handled the ag […] Read more
Brazil seen adding wheat area, fewer acres in Argentina
MarketsFarm — As farmers in Brazil plant more wheat this year, their counterparts in Argentina are cutting back on the amount of acres they plan to sow — although Argentina will still grow a great deal more wheat than Brazil. Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. said one reason […] Read more
U.S. grains: Corn, soy, wheat up on broad commodity strength
Crop-stressing dry heat expected in Midwest
Chicago | Reuters — U.S. corn, soybeans and wheat futures rose on Monday in response to worries about potentially stressful hot weather in the Midwest and Europe, coupled with bullish sentiment in crude oil and a weaker dollar, analysts said. Chicago Board of Trade benchmark December corn settled up seven cents at $6.10-3/4 per bushel, […] Read more
Canadian Cattlemen Presents: Depth of Field
