MarketsFarm — An extreme heat wave affecting all four western provinces, the shores of the Mackenzie River in the Northwest Territories as well as Watson Lake, Yukon, is expected to persist for a week. The “heat dome,” a high-pressure system trapping warmer air, has affected British Columbia the most. The village of Lytton, about 160 […] Read more
Prolonged heat wave breaks Canadian temperature records
EU countries approve deal to overhaul farming subsidies
Subsidies to focus on sustainability, 'eco-schemes'
Brussels | Reuters — European Union countries on Monday gave the green light to reforms of the bloc’s huge farming subsidy program, after a three-year battle over rules to make it greener and support smaller farms. Negotiators representing the EU’s 27 countries and European Parliament struck the deal on Friday to reform the Common Agricultural […] Read more
U.S. grains: CBOT corn, soy, wheat rally as hot forecasts trump rains
MGEX September wheat also climbs
Chicago | Reuters — Chicago Board of Trade corn, soybeans and wheat rallied on Monday, with traders focused on forecasts for heat in the western U.S. Midwest that will quickly dry out soils in major production areas. “The forward forecasts have the heat that is presently over the Pacific Northwest to move over the western […] Read more
U.S. livestock: Hog futures rally as China buys pork
Cattle futures, beef cutout values lower
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose three per cent on Monday, supported by rising demand as China moved to buy pork for its reserves to shore up the domestic market, traders said. China’s state planner said on Monday that central and local governments will start buying pork for state reserves to […] Read more
Strike ends at Exceldor poultry plant in Quebec
Union members vote to take six-year deal
A month-long strike at one of Quebec’s biggest poultry slaughter and processing plants is ending after unionized workers voted to accept a new agreement reached through mediation. About 500 unionized workers at Exceldor Co-operative’s plant at Saint-Anselme, about 30 km southeast of Quebec City, have been on strike since May 23. The previous contract between […] Read more
Prairie cash wheat: Drought sends bids higher
U.S. July wheat futures up on week
MarketsFarm — Mounting drought concerns in the spring wheat-growing regions of Canada and the U.S. saw Prairie cash bids post solid gains during the week ended Thursday. Average CWRS (13.5 per cent) wheat prices were up by $18-$21 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and […] Read more
Parliament rises as farm succession bill passes
Manitoba MP's private member's bill clears Senate
With the possibility of a fall election looming, MPs rose from the House of Commons on Wednesday, marking the end to a parliamentary session featuring a handful of laws impacting agriculture. Brandon-Souris MP Larry Maguire saw his private member’s bill, aimed at lowering taxes on the sales of farms and other small businesses, pass in […] Read more
U.S. livestock: Hog futures firm on technical buying
Cattle futures up ahead of USDA placements report
Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed on Friday, supported by technical buying after sagging to their lowest in nearly three months on Thursday, traders said. CME August hog futures, the most actively traded contract, ended up 1.075 cents at 99.775 cents (all figures US$). The wholesale U.S. pork carcass cutout price […] Read more
Canola, wheat acres in opposite trends before StatsCan report
'Every commodity was offering options that were profitable'
MarketsFarm — Just days prior to Statistics Canada issuing its latest survey-based crop acreage report on Tuesday next week, analysts are estimating a rise in canola acres at the expense of wheat. “Coming through the winter and towards spring seeding, we were looking at canola prices that were at their highest levels of all time,” […] Read more
U.S. grains: Court ruling, rains pressure corn, soy
CBOT wheat down, MGEX spring wheat up
Chicago | Reuters — Corn and soybean futures tumbled on Friday after a U.S. Supreme Court ruling bolstered a bid by small oil refineries seeking exemptions from laws requiring them to blend ethanol or other biofuels into their products, traders said. “Each time the markets start to stabilize, having priced in the latest round of […] Read more
Canadian Cattlemen Presents: Depth of Field
