MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more
ICE weekly outlook: Volatility to come for canola market
'Tighten up your seatbelt'
CBOT weekly outlook: USDA reports generate immediate turnaround
MarketsFarm — Commodity prices for corn, soybeans and wheat made a very quick turnaround on Wednesday following the release of two major reports from the U.S. Department of Agriculture (USDA). “At 11 o’clock corn was down 14 cents per bushel and went limit up 40 cents,” commented Scott Capinegro of Barrington Commodities in Barrington, Ill. […] Read more
U.S. grains: Corn, soy surge as U.S. farmers plant fewer acres than expected
Traders had expected more U.S. corn, soy acres
Chicago | Reuters — Chicago Board of Trade grain and soybean futures surged on Wednesday after the U.S. Department of Agriculture surprised traders with lower-than-expected plantings estimates and inventory data. Corn climbed by their daily exchange-imposed limit after USDA pegged plantings of the crop at 92.692 million acres, below analysts’ expectations for 93.787 million. The […] Read more
Pulse weekly outlook: StatsCan acres see little change
MarketsFarm — Canadian pea and lentil acres only saw slight adjustments in the latest acreage estimates Tuesday from Statistics Canada, with little market news to draw in extra area since the previous report in April. “When you see all the hard commodities, their prices are fantastic. That’s the main reason why growers switch,” said Marcos […] Read more
U.S. grains: Corn, soy mixed ahead of plantings, stocks reports
Canadian farmers expand canola acres
Chicago | Reuters — Chicago Board of Trade corn and soybean futures were mixed on Tuesday as traders adjusted positions ahead of key U.S. reports on crop plantings and inventories. The U.S. Department of Agriculture on Wednesday is expected to increase its estimate for corn plantings by about three per cent from March, according to […] Read more
U.S. livestock: Lean hog futures touch one-week high
CME August live cattle up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures touched a one-week high on Tuesday in a rebound from recent losses, while live cattle futures were mixed. The hog market is recovering after dropping last week to a nine-week low, traders said. Hopes for improved export demand helped support prices, traders said. CME August […] Read more
Sale of new fuel-powered cars, light trucks to be banned from 2035
Interim targets to be set for 2025, 2030
Ottawa | Reuters — Canada will ban the sale of fuel-burning new cars and light-duty trucks from 2035 in an effort to reach net-zero emissions across the country by 2050, Prime Minister Justin Trudeau’s government said on Tuesday. Only zero-emissions cars and trucks can be sold from 2035, according to a statement, adding that a […] Read more
Canada’s canola acres up from earlier forecast
Wheat acres up; barley, oats, corn revised lower
MarketsFarm –– Canadian farmers seeded more canola in 2021 than originally intended, with a number of other crops also seeing adjustments higher as dry weather through the planting season allowed for a fast seeding pace. In its June estimates of principal field crop areas, released Tuesday, Statistics Canada pegged total canola planted area at 22.5 […] Read more
Klassen: Yearling prices consolidate, calf values soften
Compared to last week, western Canadian yearling prices were relatively unchanged; however, calves weighing 500 to 700 lbs. were $2-$4 lower. Featherlight bawlers under 500 lbs. were down $6-$8 from seven days earlier. Strong feedlot buying interest supported quality groups of yearlings. Feed barley prices were down $5-$10 per tonne from last week while the […] Read more
Maple Leaf takes up Ontario poultry plant
Option exercised on Cericola Farms' remaining facility
A southern Ontario processing plant specializing in organic and antibiotic-free poultry products has gone to Maple Leaf Foods in a postscript to a previous sale. Toronto-based Maple Leaf announced Friday it had closed its purchase of the Sure Fresh Foods poultry plant at Schomberg, Ont., about 30 km north of Vaughan, for an undisclosed sum, […] Read more
Canadian Cattlemen Presents: Depth of Field
