Chicago | Reuters — U.S. winter wheat futures rose for the sixth day in a row on Wednesday as adverse weather in key exporting countries raised supply concerns, traders said. Corn futures were steady to firm, with the front-month contract ending flat while new-crop offerings rose on support from dry soils that threatened to hamper […] Read more
U.S. grains: Winter wheat futures up sixth straight day
MGEX spring wheat falls
U.S. extends travel curbs at land borders through Aug. 21
Washington | Reuters — The U.S. government on Wednesday extended the closure of land borders with Canada and Mexico to non-essential travel such as tourism through Aug. 21 even as officials debate whether to require visitors to have received a COVID-19 vaccine. The latest 30-day extension by the Department of Homeland Security (DHS) came after […] Read more
Exemptions, extensions to be granted for rail crossing upgrades
New amendments would exclude low-risk field-to-field crossings
Some farmer-owned field-to-field grade crossings over Canadian rail lines are now expected to be exempted altogether from looming federal requirements for safety upgrades. Proposed amendments to the Grade Crossings Regulations, announced June 18 by Transport Minister Omar Alghabra, this week cleared their 30-day public comment period. The amendments are expected to tweak rules which were […] Read more
Pulse weekly outlook: Lentil prices seen as too high, sales stalling
'Destination markets are not in desperation mode'
MarketsFarm — Prices for pulses, such as lentils for example, have been approaching the point where they are good for growers but getting too expensive for the destination markets, according to Marcos Mosnaim of Mercaris Commodities. “It’s a kind of an interesting scenario, where you see farmers not selling and prices to farmers keep going […] Read more
‘Time is ticking’ on drought response for beef cattle sector
'We need answers like yesterday'
As Canada’s beef farmers and ranchers face drought, industry leaders are trying to find ways to secure feed and help those forced to sell rebuild their herds. B.C. ranchers are dealing with high temperatures that have “parched the grass that was there,” Kevin Boone, general manager of B.C. Cattlemen’s Association, said during a Canadian Cattlemen’s […] Read more
Hot, dry weather creates ‘significant uncertainty,’ AAFC says
MarketsFarm — Supply/demand balance sheets for Canada’s major crops only saw minor adjustments in the latest update Tuesday from Agriculture and Agri-Food Canada, with hot and dry growing conditions leading to “significant uncertainty” on the state of the country’s 2021-22 crops. Total field crop production in the country was forecast to decrease due to a […] Read more
U.S. grains: Wheat climbs on deteriorating crop conditions
Corn rises as U.S. crop rating misses consensus
Chicago | Reuters — Chicago wheat futures climbed on Tuesday to a two-month peak after official data underscored poor conditions for drought-hit U.S. spring wheat. Chicago corn gained, as a lower-than-expected weekly crop rating focused attention back to dry conditions in parts of the Midwest. Soybeans rebounded after being pressured by falling crude oil prices […] Read more
U.S. livestock: CME lean hogs firm on strong pork demand
October live cattle follow beef prices lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday on short-covering and continued firmness in the wholesale pork market, traders said. “August seems like its anchored by what’s going on in the cutout,” said Altin Kalo, economist at Steiner Consulting Group. “They’ve been surprised by the strength in the pork cutout.” […] Read more
Klassen: Feeder market stays firm
Compared to last week, western Canadian prices for yearlings weighing 800 lbs. and over were unchanged; however, calves and yearlings in the 600- to 800-lb. category traded steady to $3 higher. The calf market was hard to define due to small groups of various quality. Strength in deferred live cattle futures along with the weaker […] Read more
Canada to admit vaccinated U.S. tourists
Border to open Aug. 9 after more than 16 months
Ottawa | Reuters — Canada on Monday said it would allow fully vaccinated U.S. tourists into the country starting from Aug. 9 after the COVID-19 pandemic forced an unprecedented 16-month ban that many businesses complained was crippling them. Inoculated visitors from countries other than the United States will be permitted to enter beginning on Sept. […] Read more
Canadian Cattlemen Presents: Depth of Field
