Agrifood company Parrish and Heimbecker (P+H) plans to build a new and leaner grain elevator at Yorkton, Sask. to replace its 41-year-old facility there. The privately-held Winnipeg grain firm said Wednesday it has already started work on the new build, which it expects to have ready to receive grain in June next year. The existing […] Read more
P+H to replace eastern Saskatchewan elevator
New facility, loop track to be on line in mid-2022
Syngenta’s Shanghai IPO to fund growth, acquisitions
Hong Kong/Zurich | Reuters — Syngenta Group will use the proceeds from its US$10 billion initial public offering (IPO) to fund internal growth and an acquisition spree to snare more of the $100 billion market for seeds and sprays, the agrichemical giant said on Friday. The company’s prospectus to list on Shanghai’s Nasdaq-style STAR Market […] Read more
Western Canada lightning strikes up tenfold, stoking fires
Vancouver | Reuters — Lightning strikes in Western Canada over the past two days soared nearly tenfold from the same time a year ago, triggered in part by a record-breaking heat wave, meteorologists said, warning of more strikes over the weekend that could further stoke forest fires fanned by high winds. Over 710,000 lightning events […] Read more
U.S. court tosses Trump-era rule expanding ethanol sales
New York | Reuters –– A federal appeals court on Friday struck down a U.S. rule put in place under former president Donald Trump to expand sales of corn-based ethanol, drawing ire from farm and biofuel groups that vowed to work to ensure that such sales continue. The U.S. Court of Appeals for the District […] Read more
Feed weekly outlook: Prices dip in Alberta, steady to higher elsewhere
MarketsFarm — Prices for feed barley and wheat in Alberta pulled back a little this week — and it wasn’t because the province has generally received more rain than the other two Prairie provinces. “There hasn’t been the demand as we typically have at this time of year,” Erin Harakal, senior trader with Agfinity in […] Read more
U.S. grains: Corn futures retreat on profit-taking
Corn still up 12 per cent on week; traders adjust positions before July 4 weekend
Chicago | Reuters — Chicago Board of Trade corn futures retreated on profit-taking on Friday, while soybean futures extended gains fueled by lower-than-expected U.S. acreage estimates and dry weather in part of the Midwest, traders said. Corn pulled back after surging by the daily, exchange-imposed limit on Wednesday when the U.S. Department of Agriculture shocked […] Read more
U.S. livestock: Lean hog futures ease on China demand worries
CME August live cattle down
Chicago | Reuters — Chicago Mercantile Exchange hog futures weakened in the two most-active contract months on Friday as traders continued to dial in expectations for waning Chinese demand, analysts said. China, the world’s biggest pork consumer, has sought to rebuild its hog herd after it was decimated by an outbreak of the deadly pig […] Read more
U.S. grains: Soybeans, wheat fall
CBOT corn ends slightly firm
Chicago | Reuters — U.S. soybean and wheat futures fell on Thursday while corn firmed slightly, with all three commodities closing well off their session peaks on a round of profit taking after rallying to their highest since mid-June, traders said. Forecasts for improving crop weather in the U.S. Midwest added pressure. CBOT November soybeans […] Read more
U.S. livestock: Hogs drop as domestic, export demand seen weak
CME August cattle futures up
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell sharply on Thursday as traders priced in expectations for waning demand after the U.S. Independence Day holiday this weekend. Signs of poor demand from China, which has been a big buyer of U.S. pork since an outbreak of African swine fever decimated production in the […] Read more
U.S. livestock: Lean hogs retreat from one-week high
CME August live cattle up, feeders lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Wednesday in a retreat from early gains in which the most-active contract topped a one-week high. Traders watched a rally in grain prices that makes it more expensive to feed livestock. Corn and soy futures soared at the Chicago Board of Trade […] Read more
Canadian Cattlemen Presents: Depth of Field
