MarketsFarm — Russia’s invasion of Ukraine has done little to stabilize corn and wheat markets on the Chicago Board of Trade (CBOT) for the week ended Wednesday. After high price spikes during the previous week, peace talks between the two nations and very few signs pointing toward escalation or resolution have brought on a recent […] Read more
CBOT weekly outlook: Corn, wheat undergo major corrections
CF Industries boosts U.S. fertilizer shipments as Russian exports cut
Chicago | Reuters — CF Industries is increasing fertilizer shipments to both U.S. coasts from the world’s largest nitrogen complex in Louisiana to help offset a decline in exports from Russia after it invaded Ukraine, CEO Tony Will said. Global fertilizer supplies have tightened and prices have increased from already high levels as sanctions bite […] Read more
Oil content of Canada’s canola well below average in 2021
MarketsFarm — The average oil content of Canada’s canola crop came in well below normal in 2021-22, according to the final quality report for the year from the Canadian Grain Commission (CGC). The average oil content came in at only 41.3 per cent for the year, which compares with 44.1 per cent the previous year […] Read more
U.S. livestock: CME cattle up amid weak broader markets
Nearby hog futures see muted gains
Chicago | Reuters — Chicago Mercantile Exchange cattle futures climbed on Tuesday as investors looked for safety amid weaker broader markets. “With oil prices giving up gains the last couple days, the reverse happened in cattle,” said Altin Kalo, Economist at Steiner Consulting Group. CME’s most-active June live cattle added 1.1 cents to 136.8 cents/lb., […] Read more
U.S. grains: Wheat up on Russian export suspension, U.S. drought
Corn futures firm, soy down
Chicago | Reuters — Chicago Board of Trade wheat futures gained on Tuesday, supported as export curbs by Russia fuelled concerns about global supply, while traders see the recent decline as an opportunity for bargain buying. Soybeans fell in reaction to investor worries that renewed coronavirus outbreaks in China could curb demand, while corn traded […] Read more
Antitrust probe in ag inputs dropped
Communications over FBN still 'concerning,' Competition Bureau says
Allegations suggesting ag chem sector players tried to derail an online farm-supply firm’s business in Western Canada haven’t turned up enough evidence for federal regulators to probe the matter further. Canada’s Competition Bureau announced Tuesday it’s now closed an investigation it launched in 2019 over allegations brought forward by the Canadian arm of Farmers Business […] Read more
Klassen: Feeder cattle market experiences volatility
Compared to last week, western Canadian yearling markets traded $2 higher to as much as $5 lower depending on the region. Mid-weight calves weighing 650-800 lbs. were relatively unchanged while lighter weight calves were steady to $3 higher on average. June live cattle are off $9 from their mid-February highs while the December 2022 live […] Read more
Spring road bans coming into effect across Prairies
MarketsFarm — Warming temperatures and melting snow across Western Canada may cause some disruptions to grain and livestock movement over the next few weeks as seasonal spring road restrictions come into effect across the Prairies. Annual spring road restrictions set axle weight limits for vehicles moving on certain roads, in an effort to reduce the […] Read more
Canadian and U.S. shippers brace for possible CP strike
Strike notice not yet given
Winnipeg | Reuters — Thousands of workers at Canada’s second-biggest railway, Canadian Pacific Railway, have threatened to strike this week, potentially disrupting the movement of grain, potash and coal at a time of soaring commodity prices. The strike is the latest risk to Canada’s battered supply chain, which last year weathered floods in British Columbia […] Read more
Saskatchewan pushes crop insurance deadline to mid-April
'Logistical challenges' led to extension
Saskatchewan farmers will get an extra couple of weeks to apply for, cancel, reinstate or change their crop insurance contracts for 2022, due to holdups in the delivery of their application packages. That deadline, originally March 31, has now been extended to April 14, provincial Ag Minister David Marit and his federal counterpart Marie-Claude Bibeau […] Read more
Canadian Cattlemen Presents: Depth of Field
