Chicago | Reuters — U.S. wheat futures fell four per cent and corn fell nearly three per cent on Tuesday as comments by Russia and Ukraine following negotiations in Turkey raised hopes of a ceasefire in a conflict that has disrupted massive grain exports through the Black Sea region. However, trade was volatile, with benchmark […] Read more
U.S. grains: Wheat, corn fall on ceasefire hopes
Chicago May soybeans also lower
Second southwestern Ontario farm hit with avian flu
Separate H5N1 strains hit separate turkey farms
A second turkey operation in southwestern Ontario has been confirmed and quarantined with highly pathogenic H5N1 avian influenza — but of a strain separate from the one seen in an outbreak in the same region a day earlier. The Canadian Food Inspection Agency said in a statement Monday its National Centre for Foreign Animal Disease […] Read more
Klassen: Feeder market showing strength in deferred positions
Compared to last week, western Canadian yearling prices were $3-$5 lower on average while calves traded steady to $4 lower. Outside central Alberta, the steer-heifer spread appeared to widen by $2-$4. Strength in corn futures contributed to the defensive tone. Feedlot operators buying hand-to-mouth have been caught off guard with the recent jump in feed […] Read more
U.S. livestock: CME lean hogs climb on firm cash
Cattle futures end lower
Chicago | Reuters — Benchmark June lean hog futures on the Chicago Mercantile Exchange rose on Monday, setting a life-of-contract high on firm cash hog prices and expectations of tightening supplies. CME June hogs settled up 0.2 cent at 126.05 cents/lb., paring gains after reaching a contract top of 126.875 cents (all figures US$). The […] Read more
U.S. grains: Crop data awaited as grains fall with other commodities
China COVID-19 cases weigh on markets; grain traders monitor Ukraine news
Chicago | Reuters — U.S. wheat, corn and soybean futures fell on Monday as worries over coronavirus cases in China weighed on commodity markets while grain traders also adjusted positions ahead of key U.S. crop reports due later this week. Crude oil dropped sharply as China’s financial hub, Shanghai, launched a lockdown to contain surging […] Read more
High-path avian flu drops into southwestern Ontario
H5N1 confirmed on poultry farm
Ontario’s feather sector is moving to a “heightened biosecurity advisory” after highly pathogenic avian influenza was confirmed this weekend in a poultry flock. The Canadian Food Inspection Agency said Sunday it had confirmed high-path H5N1 in a flock in southern Ontario, a day after the Ontario Feather Board Command Centre (FBCC) published a report of […] Read more
Prairie cash wheat: Spring wheat nudges higher, durum dips
MarketsFarm — Wheat prices on the Prairies during the week ended Friday saw moderate gains in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats while Canada Western Amber Durum (CWAD) eased slightly. The war in Ukraine continued to play havoc in the markets. After strong increases at the start of the […] Read more
Ukraine sunseed area seen falling due to war
Lviv | Reuters — The area sown to sunflower in Ukraine is likely to fall to 4.81 million hectares (11.89 million acres) in 2022 from 6.66 million hectares in 2021 due to hostilities in many regions, the agriculture ministry said on Friday. Ukraine is the world’s largest sunflower seed grower and sunflower oil exporter. The […] Read more
Indonesia palm oil production to rise, USDA attache says
MarketsFarm — There’s to be a small increase in palm oil production in Indonesia in 2022-23, according the U.S. Department of Agriculture’s attaché in Jakarta. The attaché pegged palm oil output to rise by 1.1 per cent at 46 million tonnes due to favourable weather and higher prices for producers. Also, the attaché revised 2021-22 […] Read more
U.S. grains: Soybean futures rise on export strength
Corn, wheat also strong
Chicago | Reuters — Chicago Board of Trade soybean, wheat and corn futures firmed on Friday, with all three commodities recovering from declines posted during the overnight trading session. The strength in soybeans stemmed from signs that demand for U.S. supplies remains strong even with newly harvested soybeans from South America available on the marketplace. […] Read more
Canadian Cattlemen Presents: Depth of Field
