Chicago | Reuters — Chicago Board of Trade wheat futures posted their biggest-ever weekly gain as prices on Friday jumped by their daily limit on deepening fears that Russia’s attack on Ukraine will cause prolonged disruptions to exports from the Black Sea region. Trading was volatile amid uncertainty over how much global demand may shift […] Read more
U.S. grains: CBOT wheat posts record weekly rise as Ukraine war drives volatility
CBOT corn touches highest price since 2012
AGT building oat milling plant in Saskatchewan
Regina pulse processor AGT Foods plans to bulk up its portfolio in the plant-based ingredients business with a new oat milling operation in central Saskatchewan. The company on Thursday announced it would start construction “immediately” on the new operation, to be housed in an expansion of its existing processing plant just east of Aberdeen, about […] Read more
U.S. grains: Wheat extends run to 14-year high on Russia-Ukraine supply threat
U.S. studying biofuel waiver to fight food inflation
Chicago | Reuters — Chicago Board of Trade wheat futures galloped to another 14-year high on Thursday as Russia’s invasion of Ukraine increasingly fanned fears of massive disruptions to grain exports from the Black Sea region. Wheat and corn futures advanced by their daily trading limits during a volatile session, though the corn market later […] Read more
U.S. livestock: CME live cattle, feeder cattle sag to four-month lows
Chicago | Reuters — Chicago Mercantile Exchange livestock futures slumped on Thursday, with live cattle and feeder cattle setting four-month lows. The cattle markets came under continued pressure from weakness in equities, which lost ground as the Ukraine crisis kept investors on edge, traders said. In grain markets, soaring costs for corn and wheat threaten […] Read more
JBS to help fund home purchases for Brooks staff
Company offering zero-interest loans for down payments
One of the biggest beef packers operating in Canada is pledging $1.7 million for a one-year pilot program to help employees buy or upgrade homes. JBS Foods Canada, which operates Brazilian meat packer JBS’s plant at Brooks, Alta., on Tuesday announced the launch of what it calls the “Homebuyer Dream Fund,” providing zero-interest loans to […] Read more
Sunflower market seeing broad strength
MarketsFarm — Sunflower seed has found itself caught up with the general strength seen in most agricultural markets, with the Russian invasion of Ukraine adding another layer of uncertainty to the market as the two countries are both major world producers. “We believe sunflowers are a very attractive option going into 2022,” said Robert Deraas, […] Read more
CP conductors vote in favour of mid-March strike action
Unionized conductors and train and yard service staff with Canadian Pacific Railway (CP) have voted in favour of strike action which could begin as early as March 16. The Teamsters Canadian Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY) announced Monday that a strike vote it conducted through February went 96.7 per cent in favour […] Read more
Canada to raise tariffs on Russian imports
Reuters — Canada will remove Russia and Belarus’s most favoured nation status as trading partners, and will provide additional lethal aid to Ukraine, including rocket launchers and hand grenades, Canadian officials said Thursday. The only other country that does not enjoy the most favoured nation status with Canada is North Korea, and goods from Russia […] Read more
Feed weekly outlook: Rising oil prices increase freight charges
MarketsFarm — Acquiring livestock feed has been increasingly expensive as Russia’s ongoing invasion of Ukraine, and a retaliatory ban on Russian oil imports by many Western nations, has caused oil prices to severely rise every day. As corn imports from the U.S. continue to make their way into Alberta feedlots, the cost to transport them […] Read more
EU may let farmers use set-aside land as Ukraine war hits grain supply
Brussels/Paris | Reuters — The European Union will consider letting farmers use fallow land, notably to grow protein crops for livestock feed, to counter disruption to supply from Ukraine following Russia’s invasion, officials said on Wednesday. Russia’s week-old invasion of Ukraine has sent European wheat prices to record highs. Ukraine and Russia are two of […] Read more
Canadian Cattlemen Presents: Depth of Field
