Toronto | Reuters — BHP Group has reached conditional agreement with a unit of Westshore Terminals Investment Corp. for port services for the global miner’s proposed Jansen, Sask. potash mine, the terminal operator said July 22, moving the project closer to fruition. The port agreement is subject to approval by BHP’s board and conditional on […] Read more
BHP reaches port services deal for potash mine
U.S. grains: Soybeans, corn prices rise after days of losses
New York | Reuters – Chicago soybeans and corn rose on Monday after traders fretted that both markets were oversold, while continued dryness in the northern Plains helped boost futures further. Wheat prices, however, fell. Hot, dry weather in the U.S. Midwest has raised concerns about the outlook for crops for both corn and soybeans. […] Read more
U.S. livestock: CME live cattle top three-week high; feeder cattle set contract high
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures topped a three-week high on Monday on expectations that supplies will tighten in the coming months, while feeder cattle set a contract high, traders said. The U.S. Department of Agriculture, in a monthly report issued after the markets closed on Friday, said 1.67 million cattle were […] Read more
Hemp industry looking forward despite hurdles
Industry 'on the edge of turning'
MarketsFarm — The number of hemp acres grown in Canada, of which more than 80 per cent are on the Prairies, have ebbed and flowed over the past few years. In 2018, 41,200 acres were planted, according to Statistics Canada, but the total more than doubled the next year to 91,100. In 2020, that number […] Read more
U.S. livestock: Cattle futures gain
Medium-, long-term supplies tighten
Chicago | Reuters — CME feeder cattle futures firmed on Friday, bolstered by lower corn and wheat markets that may translate into eased feed costs, traders said. CME live cattle also gained and are expected to firm next week as the trade digests the U.S. Department of Agriculture’s monthly cattle on feed report released after […] Read more
U.S. grains: Corn, soybeans lower on the week
Traders look at long-term weather; wheat flat
Chicago | Reuters — Chicago corn and soybean futures slipped on Friday, pressured by extended forecasts calling for cooler weather into August, though hot, dry weather in the coming week across the U.S. Midwest underpinned prices. Wheat ended lower as concerns over unfavorable weather in key exporting countries countered pressure from corn and soybeans. The […] Read more
Durum markets reckon with weather
'There was no wiggle room for a crop problem'
MarketsFarm — The higher temperatures soared and the longer between rains in Western Canada, the lower the yield projections for most crops — and drought-tolerant durum wheat is no exception. With bids already elevated due to a downturn in potential new-crop supply, the price of durum could rise even higher. “There’s not a lot of […] Read more
Feed weekly outlook: Bids rising in Saskatchewan
MarketsFarm — Feed grain prices in Western Canada are continuing their ongoing rise as heat and dryness cover the region. “For feed wheat (on Tuesday), I finally got a bid of $10 per bushel, which is really an amazing bid,” said Dale McManus, broker for Johnston Grains at Welwyn, Sask. The high-delivered bid for feed […] Read more
New B.C. youth work rules: Heavy lifting, ag chem handling out
New standards also lift province's 'general working age' to 16
“Light farm and yard work” are deemed appropriate for workers at ages 14 and 15 under new employment standards taking effect in British Columbia this fall. The province on Wednesday announced changes to its Employment Standards Act, which have been through the development and consultation stages since 2019, have now been finalized and will take […] Read more
Manitoba triggers hay disaster benefit
Per-tonne rate lifted to cover feed, transport costs
Manitoba’s crop insurance agency is set to lift the per-tonne rate paid out on insured forage crops to help cover livestock producers’ bills to buy and truck in replacement feed. Manitoba Agricultural Services Corp. (MASC) on Thursday announced a 2021 hay disaster benefit to provide another $44 per tonne, for every tonne below coverage, to […] Read more
Canadian Cattlemen Presents: Depth of Field
