Chicago | Reuters — Chicago wheat futures hit their daily 70-cent trading limit cap on Monday after India banned exports of the grain, an abrupt policy change that fanned concerns about global supplies strained by Russia’s invasion of Ukraine. The wheat rally sent spillover strength to corn futures, as global buyers, who were banking on […] Read more
U.S. grains: Chicago wheat limit up on India’s export ban
CBOT corn, soybeans also higher
U.S. livestock: CME live cattle futures bounce from losses
Chicago lean hogs also rebound; August feeder cattle lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Monday in a rebound from recent losses, while feeder cattle futures stumbled under pressure from rising costs for grains used for livestock feed. Live cattle were technically oversold and due for a bounce, brokers said. Futures were also due to rally because […] Read more
High-path avian flu reaches Vancouver Island
Saskatchewan extends ag fair ban for birds; B.C. restarts lab testing; FCC to offer flexibility
North America’s latest round of highly pathogenic avian influenza outbreaks has now made its way from one end of Canada clear to the other. The Canadian Food Inspection Agency on Tuesday confirmed Canada’s westernmost case ever of high-path avian flu in domestic birds, finding an H5N1 virus in a small-scale poultry flock in the Regional […] Read more
India bans wheat exports as heat wave hurts crop, domestic prices soar
Ban could push global wheat prices to new peaks
Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies […] Read more
Prairie cash wheat: Bids climb higher
MarketsFarm — A rally in U.S. wheat futures together with a downturn in the Canadian dollar combined to take Prairie wheat bids sharply higher during the second week of May. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $40.80-$45 per tonne during the week ended May 12, according […] Read more
Dust storm, hurricane-force winds tear across U.S. upper Midwest
Chicago | Reuters — Hurricane-force winds tore across the U.S. upper Midwest Thursday evening, sending walls of dust across cities and rural towns, causing widespread property damage and killing at least two people. Straight-line winds up to 170 km/h reached from Kansas to Wisconsin, pushing waves of farmland topsoil across the horizon and plunging communities […] Read more
Biden says U.S. baby formula shortage to ease in weeks
Shortage follows major Similac recall in February
Washington | Reuters — The U.S. baby formula shortage should improve dramatically in coming weeks, President Joe Biden and top officials said on Friday as the administration scrambled to reverse a shortfall that hits lower-income Americans particularly hard. The U.S. is working with manufacturers to allow more importation of baby formula, Biden told reporters in […] Read more
U.S. grains: CBOT wheat, corn ease off rally on supply concerns
Export outlook, crude oil support soybeans
Chicago | Reuters — Chicago Board of Trade wheat and corn futures weakened on Friday, a day after rising on U.S. Department of Agriculture forecasts that indicated tightening global supplies. Traders took some profits ahead of the weekend and on expectations that U.S. farmers are advancing corn plantings thanks to improved Midwest crop weather, analysts […] Read more
U.S. livestock: CME lean hogs bounce after recent losses
June live cattle, August feeder cattle up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rebounded on Friday after dropping a day earlier to their lowest prices since January. The market was due for a bounce following a recent slide that was driven by concerns about weakening U.S. demand and technical selling, analysts said. The most-active June hogs contract ended […] Read more
In one giant leap for Earth plants, seeds are grown in moon soil
Washington | Reuters — Scientists for the first time have grown seeds in soil from the moon — samples retrieved during NASA missions in 1969 and 1972 — in an achievement that heralds the promise of using earthly plants to support human outposts on other worlds. Researchers said on Thursday they planted seeds of a […] Read more
Canadian Cattlemen Presents: Depth of Field
