MarketsFarm — Soybeans were the high-rising crop on the Chicago Board of Trade (CBOT) for the week ended Wednesday, two days before the U.S. Department of Agriculture’s monthly world agriculture supply/demand estimates (WASDE) are released. Old- and new-crop soybeans all rose in tandem during the week, but while old-crop contracts are rising in price due […] Read more
CBOT weekly outlook: Soy prices rise, yields may follow suit
U.S. grains: CBOT soybeans, corn, wheat rise
Soy nears 10-year highs
Chicago | Reuters — U.S. soybean futures rose on Wednesday on expectations that robust demand from both the domestic and export sectors will keep supplies tight until harvest in the fall, traders said. Corn futures were firm on support from strength in the cash market while wheat ended in positive territory after trading both sides […] Read more
U.S. livestock: Cattle futures rally on concerns about supplies
July lean hogs turn lower
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied on Wednesday, supported by technical buying and signs of tightening supplies in the cash market, traders said. On a continuous basis, the front-month fed cattle contract hit its highest since November 2015. Live cattle hit a six-week high. Hog futures ended weaker, giving up early […] Read more
Canada launches offset credits to help tackle emissions
Landfill gas protocols now launched; ag-related protocols soon to follow
Reuters — Canada on Wednesday launched a credit system for greenhouse gas offsets, a major part of its plan to cut carbon emissions, starting with a set of rules stipulating how projects can generate tradeable credits by capturing gas from landfills. The government said protocols for four other sectors including agriculture and forest management are […] Read more
Northern egg harvesters cautioned over avian flu
High-path H5N1 found in wild birds in Yukon
Residents of Canada’s northern territories who harvest migratory wild birds and their eggs this spring are urged to take precautions as highly pathogenic avian influenza makes its way northward. The Yukon government’s animal health unit on May 27 reported confirmed cases of high-path H5N1 avian flu in two wild waterfowl carcasses. “Spring migration is ongoing […] Read more
Russian attack destroys warehouses of major Ukrainian port terminal, owner says
Kyiv | Reuters — Russian shelling destroyed the warehouses of one of Ukraine’s largest agricultural commodities terminals in the Black Sea port of Mykolaiv over the weekend, authorities and the facility’s owner said Tuesday. The attack came at a time Turkey is trying to develop a U.N.-backed plan to start grain exports from Ukraine’s ports, […] Read more
Pulse weekly outlook: Lentils planted, now it’s wait-and-see
MarketsFarm — As planting of lentils on the Canadian Prairies has pretty much wrapped up for 2022, prices have been holding firm, according to Colin Young of Midwest Grain Ltd. at Moose Jaw. “In pulses right now, this is the naturally quiet time of the year. We’re ramping old-crop into new-crop,” Young said. “Prices are […] Read more
U.S. grains: Wheat futures drop after rally
Strong cash market supports corn, soy
Chicago | Reuters — U.S. wheat futures fell 1.9 per cent on Tuesday on a round of profit taking as traders closely monitored prospects for grain exports out of Ukraine. “Wheat continues to ride the wave of varied rhetoric from the Black Sea that seemingly changes by the minute,” Matt Zeller, director of market information […] Read more
U.S. livestock: Cattle, hog futures rise
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Tuesday, supported by good export prospects and strength in the cash market, traders said. Hog futures firmed on a technical bounce. U.S. beef processors on Tuesday slaughtered an estimated 126,000 cattle, up from 121,000 a year ago, the U.S. Department of Agriculture said. Hog […] Read more
Klassen: Negative feeding margins temper strength in feeder market
Compared to last week, western Canadian yearlings weighing over 800 lbs. traded steady to $2 lower on average. Feeder cattle under 800 lbs. were relatively unchanged. Alberta packers were buying fed cattle on a dressed basis at an average price of $288 delivered, down from the range of $288-$290 seven days earlier. Using a 60 […] Read more
Canadian Cattlemen Presents: Depth of Field
