MarketsFarm — More soybean acres are projected to be seeded in the United States this year, while fewer corn acres will be planted according to a report that has surprised analysts. The U.S. Department of Agriculture (USDA) released its survey-based Prospective Plantings report on Thursday and the projected acreage numbers for two of the country’s […] Read more
Soybeans to gain, corn to lose U.S. acres, USDA report predicts
ICE weekly outlook: Canola in its own world, analyst says
MarketsFarm — To market analyst Wayne Palmer of Exceed Grain, canola “has been in a world of its own for about the last month,” and he expects that will remain the case for some time. Canola, he explained, has generally done the opposite of the Chicago soy complex — which the Canadian oilseed normally follows. […] Read more
U.S. livestock: CME hog futures end lower
USDA inventory data seen supportive
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange closed lower on Wednesday on profit-taking and positioning ahead of the U.S. Department of Agriculture’s quarterly hog inventory report. However, traders said the government data, released after the close, was supportive for futures. USDA reported the U.S. hog herd as of March 1 […] Read more
U.S. grains: Wheat, corn bounce as Ukraine conflict persists
USDA acres, stocks data awaited
Chicago | Reuters — U.S. wheat futures rose on Wednesday along with corn and soybeans on renewed concerns about the Ukraine war that has disrupted grain shipments from the Black Sea region, analysts said. However, trade was muted somewhat as brokers awaited U.S. plantings and quarterly stocks figures due out on Thursday from the U.S. […] Read more
Third Ontario poultry flock hit by avian flu
Backyard flock with 'increased mortality' also being tested; cases now also in four U.S. border states
A third poultry flock in southwestern Ontario has been confirmed with highly pathogenic H5N1 avian influenza — with another backyard flock now being tested, and the disease also now present in four U.S. border states. The Canadian Food Inspection Agency (CFIA) on Wednesday announced it had confirmed the presence of high-path H5N1 in a poultry […] Read more
Quebec group seeks to sue beef packers over pricing
Group's class-action application alleges price-fixing dating back to 2015
A Quebec consumer protection group intends to launch a class action lawsuit against four major beef processors in Canada and the U.S., alleging a “meat pricing conspiracy.” “At a time of high inflation, it is unacceptable to make the price of beef even more expensive than it already is,” Sylvie De Bellefeuille, a lawyer for […] Read more
Canada lays out $9.1 billion roadmap to meet 2030 climate targets
About $1 billion earmarked for new or expanded ag programs
Reuters — Canada released its first real roadmap to meeting 2030 climate targets on Tuesday, laying out detailed plans and $9.1 billion in new spending to cut planet-warming carbon emissions after years failing to meet its goals. The Emissions Reduction Plan (ERP) is the first time Canada has had a comprehensive plan, rather than just […] Read more
U.S. livestock: CME cattle futures rise as grains fall
Hogs ease ahead of USDA data
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Tuesday with the benchmark June contract hitting a four-week top, led by a surge in feeder cattle futures and optimism about consumer demand for beef, traders said. CME June live cattle settled up 1.7 cents at 138.475 cents/lb. while May feeder […] Read more
Egyptian delegation to visit India to discuss wheat imports
New Delhi | Reuters — A delegation from Egypt will visit India in the first week of April to facilitate wheat imports as part of efforts to secure supplies and tide over shortages at one of the world’s biggest importers of the staple, Indian government sources said. Egypt, often the world’s biggest wheat importer, is […] Read more
Pulse weekly outlook: Market uncertainty all around
MarketsFarm — As Russia’s invasion of Ukraine continue to swing markets up and down, typical issues and other external factors have amplified volatility in the pulse markets, according to one trader. David Newman, owner of Commodius Trading at North Saanich, B.C., explained that while the conflict in Eastern Europe is affecting markets everywhere, the usual […] Read more
Canadian Cattlemen Presents: Depth of Field
