Chicago | Reuters — U.S. wheat futures rose 2.2 per cent on Thursday, supported by rising tensions between Ukraine and Russia and expectations that war between the two export countries could improve demand for U.S. supplies, traders said. Soybeans and corn futures closed in positive territory after trading both sides of unchanged, with concerns about […] Read more
U.S. grains: Wheat rises on Ukraine-Russia tensions
Corn, soybean futures end firm
U.S. livestock: Hog futures hit six-month high on strong cash markets
April live cattle end lower
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose 2.1 per cent on Thursday, with the front-month contract hitting its highest in six months on strength in the cash market, traders said. April lean hog futures gained 2.175 cents, to 107.575 cents/lb., hitting a new contract high and briefly topping the high end of […] Read more
Two Saskatchewan co-ops to buy ag input retailer
Paragon Ag Service assets to be divvied up
A pair of Saskatchewan co-operatives are expanding their reach in the crop input retail sector in that province’s northeast, with a deal to buy an independent dealership chain. Lake Country Co-op and Prairie North Co-op announced Tuesday they have agreements in place to buy the assets of Melfort-based Paragon Ag Service from owners Sherman Boland […] Read more
Richardson crush plant staff ward off strike vote
Unionized staff at Lethbridge vote to ratify new contract
Unionized staff at Richardson International’s canola crush plant at Lethbridge have voted for six years’ labour peace rather than proceeding toward a strike vote. The 140-odd workers, represented by United Food and Commercial Workers (UFCW) Local 401, voted Feb. 1-2 on a new proposal from the company after voting 79 per cent in December to […] Read more
Gasoline, diesel prices set to continue rising
MarketsFarm — The steady rise in crude oil prices is based on three factors, according to Tom Kloza, global head of energy analysis for Oil Price Information Service at Lakewood, N.J. One of those factors is the amount of crude oil produced by members of the Organization of Petroleum Exporting Countries (OPEC), along with some […] Read more
ICE weekly outlook: Rangebound canola market consolidating
MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday before uncovering some support, as the commodity remained stuck in a range after trending higher for most of the past year. “Canola is caught in a rangebound, consolidation phase,” said MarketsFarm Pro analyst Mike Jubinville. The relative stability in canola, he said, […] Read more
CBOT weekly outlook: Russia-Ukraine conflict causes wheat market volatility
MarketsFarm — Conflicting reports and accounts from the ongoing geopolitical tensions between Russia and Ukraine have had an effect on the markets, especially on the Chicago Board of Trade (CBOT), over the past week. The March Chicago wheat contract had ranged from $7.65 to $8.15 per bushel during the week, but lack of precipitation in […] Read more
Expect Prairie temperatures below normal until month’s end
MarketsFarm — The Prairie weather outlook for the rest of February is likely to remain below normal, according to Scott Kehler, chief scientist for Weatherlogics in Winnipeg. “[But] not as cold as it has been for most of the winter,” he added. Much of January and February have been highlighted by temperatures well below normal. […] Read more
U.S. grains: Soy, corn rise as traders watch weather
Chicago wheat futures flat
Chicago | Reuters — U.S. soybean futures rallied on Wednesday, rising 2.3 per cent to halt a two-day fall with the market underpinned by concerns that forecast rain may be insufficient to avert further drought damage to crops in Argentina and southern Brazil. “It is the size of the crop in South America that will […] Read more
U.S. livestock: Hog futures firm, cattle mixed
CME March feeder cattle lower
Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed on Wednesday, with concerns about processing margins seen limiting supplies in the coming months. “High feed costs and low prices there have production margins as poor as they’ve been in at least eight years,” brokerage StoneX said in a note to clients. “All of this […] Read more
Canadian Cattlemen Presents: Depth of Field
