Chicago | Reuters — U.S. wheat futures surged 3.6 per cent to their highest in more than three weeks on Wednesday, with traders focused on dry and cold weather in key growing areas of the Midwest and southern Plains. Weather concerns also boosted soybeans and corn as investors shrugged off recent rains in South America. […] Read more
U.S. grains: Wheat, corn rally to highest since December
Soybeans jump 2.2 per cent
U.S. livestock: Cattle and hog futures firm
Meat supplies remain tight
Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures rose on Wednesday, with tight supplies supporting prices after a slowdown in the pace of slaughter. Most actively traded February lean hogs rose 0.7 cent, to 82.3 cents/lb. Hog futures have risen for three days in a row, their longest streak of gains […] Read more
South Korea lifts temporary suspension of Canadian beef
Reuters — South Korea is lifting its temporary suspension of Canadian beef imports that it imposed after Canada detected a case of bovine spongiform encephalopathy (BSE) in December, federal Agriculture Minister Marie-Claude Bibeau said Wednesday. South Korea halted the shipments after Canada last month reported its first BSE case in six years. China and the […] Read more
On The Run operator to buy M+M Food Market
Parkland Corp. to pay $322M for frozen-food retailer
A well-known Canadian food retailer selling flash-frozen meals, entrees, side dishes and desserts direct to consumers is headed to expansion-minded new owners. Calgary-based Parkland Corp., which operates fuel and convenience retail chains and bulk fuel distribution businesses in Canada and elsewhere, announced Tuesday it’s signed an agreement to buy M+M Food Market for about $322 […] Read more
Pulse weekly outlook: Slow demand pulls down pea prices
MarketsFarm — Slow demand has been behind the declines in green and yellow peas, according to Marcos Mosnaim of Mercais Commodities in Toronto. Over the last week, prices for western Canadian green peas have lost 30 cents per bushel at $14.50-$16.20 per bushel delivered, according to Prairie Ag Hotwire. Those for yellow peas have dropped […] Read more
U.S. grains: Wheat rallies as Russia-Ukraine tensions rise
Corn firm, soy weak
Chicago | Reuters — Chicago Board of Trade wheat futures jumped 3.2 per cent on Tuesday, supported by concerns about rising tensions between Russia and Ukraine as well as cold weather that could threaten the crop in dry parts of the United States. “If there is a problem between Russia and Ukraine, it could be […] Read more
U.S. livestock: CME cattle futures weak
Hog futures firm
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, with mild profit-taking noted after rallying in three of the previous four sessions. Hog futures were firmer, extending their rebound from the five-week low hit last week. Most actively traded February lean hogs rose 0.7 cent to 81.6 cents/lb. (all figures US$). […] Read more
Manitoba names new ag minister in shuffle
Derek Johnson replaces Ralph Eichler
Another MLA from Manitoba’s Interlake region has been named to handle the province’s farm file in Premier Heather Stefanson’s latest cabinet shuffle and portfolio restructuring. Stefanson, who replaced Brian Pallister as premier in November, on Tuesday named Interlake-Gimli MLA Derek Johnson as minister of agriculture, replacing Lakeside MLA Ralph Eichler, who has been dropped from […] Read more
Klassen: Feeder market remains firm
Compared to last week, western Canadian yearling prices were steady to $3 lower on average; calves were relatively unchanged but limited numbers were on offer. Strength in the Canadian dollar appeared to temper demand from south of the border in the 750-plus-lb. weight categories. Last week was the first full week of sales in both […] Read more
Co-op, AGT plan to crush canola at Regina
Crusher would feed FCL's planned renewable diesel plant
Federated Co-operatives’ plans for a renewable diesel processing plant at Regina now also include processing the canola oil needed to supply that plant. Federated Co-op (FCL) on Monday announced a memo of understanding has been signed with Regina grain and pulse crop processor AGT Foods on a joint venture that will “look to construct” a […] Read more
Canadian Cattlemen Presents: Depth of Field
