With lentil yields varying across the Prairies this year some growers could find themselves short on seed to plant in 2022. “It depends on if you have booked seed already somewhere or you normally clean your own,” said Dale McManus, trader with Johnston’s Grain in Welwyn, Sask. “A lot of lentils haven’t brought to the […] Read more
Pulse weekly outlook: Possible seed shortage for lentils
Bunge raises 2021 profit outlook on higher food, renewable fuel demand
Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing […] Read more
U.S. grains: Corn, soy firm as harvest slows; wheat falls on profit taking
Chicago | Reuters – U.S. corn futures rose to their highest in more than three weeks on Tuesday after heavy rains across broad swaths of the U.S. Midwest stalled harvest, traders said. The harvest slowdowns also supported the soybean market. “Even if we get a break in the rains for one to two days, that […] Read more
U.S. livestock: Cattle futures extend rally; hog contracts weaken
Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose to their highest in more than seven weeks on Tuesday, with traders noting follow-through buying after the market rallied on Monday. Concerns about supplies and strength in the cash market underpinned cattle futures. CME December live cattle futures settled up 1.925 cents at 131.45 per […] Read more
Bibeau keeps role as federal ag-minister, Canada gets a new environment minister
Canada’s 44th Parliament was sworn in today in a ceremony at Rideau Hall in Ottawa. Prime Minister Justin Trudeau shuffled a number of his ministers from their previous roles, and today’s cabinet shuffle is a result of the federal election held on Sept. 20. Marie Claude-Bibeau maintains her role as federal Minister of Agriculture, a […] Read more
Ontario moves to phase out wild boar farming
Province, feds fund swine fever defense plans
Hoping to improve its odds against African swine fever ever getting a toehold in Canada’s hog herds, Ontario plans to regulate Eurasian wild boar as an invasive species starting in the new year. To that end, the province is making funding available to farmers who actively breed and raise wild boar to “shift to other […] Read more
Klassen: Feeder cattle market grinds lower
Compared to last week, western Canadian yearling markets were down $2-$5 while calves dropped by $3 to as much as $8. We’re now seeing some medium-quality calves weighing around 550 lbs. sell under the psychological $200 level in central Alberta. The market is lacking demand. Feedlot inventories are running 33 per cent above the five-year […] Read more
ADM profit more than doubles on strong crush margins, vegoil demand
Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees […] Read more
U.S. livestock: CME cattle futures rise on support from fewer cattle placements
Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Monday, as the market continued to be bolstered by a government report showing fewer cattle placements than expected, traders said. The USDA’s monthly cattle on feed report, released after the market close on Friday, showed September cattle placements at 97% year-over-year, beneath trade estimates […] Read more
U.S. grains: Wheat surges on supply concerns, as soybeans firm on vegetable oils
Chicago | Reuters – Chicago wheat futures surged to a two-month high on Monday, as heavy world demand and worries about the global availability of high-protein wheat extended market gains. Soybeans were also firm, helped by renewed strength in the energy and vegetable oil markets. The most-active soft red winter wheat contract on the Chicago […] Read more
Canadian Cattlemen Presents: Depth of Field
