Early planting estimates from Agriculture and Agri-Food Canada called for only minor adjustments to most major crops grown in the country in 2024, with reductions in wheat, canola and barley acres, and increases in oats and pulses.
Only minor acreage shifts expected for most Canadian crops in 2024
Major pulse crop acres expected to rise; canola, wheat expected to dip slightly
Prairie forecast: Warm weather returns
Issued Jan. 24, 2024, covering Jan. 24 to 31
For this forecast period, it looks like our weather pattern will undergo a shift back to the mild pattern we experienced at the beginning of the winter. It also looks like the warm weather will stick around for at least a couple of weeks. The million-dollar question is whether we will see another outbreak of cold arctic air, or will we see an early start to spring? Well, if I knew that answer to that, I would be rich, but I don’t think winter is over quite yet.
U.S. grains: Soybeans rise in technical rebound; corn ends firm, wheat flat
Gains limited by sizable South American crops; doubts over Chinese demand hangs over market
U.S. soybean futures Sv1 rose for a second straight session on Tuesday on technical buying and short covering after notching multi-year lows last week, although lacklustre demand and improved crop weather in top exporter Brazil limited gains.
Pulse weekly outlook: AAFC forecasts larger dry pea, lentil crops
Dry pea prices have seen gains over the week; lentils steady to higher
Agriculture and Agri-Food Canada forecasted increases in the production of dry peas and lentils for the 2024/25 crop year compared to those in 2023/24. AAFC issued its first supply and demand report for the calendar year on Jan. 22, which included the department’s preliminary estimates for the coming crop year. The data was not based on farmer surveys or satellite models.
One dead, two injured as French farmer protests spread
Farmers union says road blocks won't be lifted until government action on economic, regulatory concerns
Protesting farmers blocked roads across France on Tuesday and there was one fatal accident, as their unions urged the government to ease its drive for lower consumer prices and reduce environmental regulations.
Klassen: Feeder market holds value despite negative margins
U.S. demand limited with colder temperatures in Midwest
Calf markets appeared to trade $2 to $3 above week-ago levels on average. Feedlot margins on current pen close-outs are negative $300 to $350 per head but replacement markets haven’t missed a beat. Finishing feedlots were once again bidding aggressively on backgrounded cattle with fleshier types experiencing limited slippage. Larger pen sized groups were on the higher end of the priced spectrum with buyers avoiding smaller packages.
Accounting probe hits ADM as crop glut, lower margins point to tough 2024
ADM shares fell 24 per cent Monday as news of accounting issues broke
An investigation into accounting practices in Archer-Daniels-Midland's ADM.N Nutrition segment could not come at a worse time for the company as sinking crop prices look set to erode profit for its core grain trading and processing businesses this year.
China to encourage hog farmers to reduce capacity after price slump
Aggressive expansion in Chinese hog sector turns to mounting losses on demand downturn
China will "guide" farmers to reduce hog production capacity as it steps up regulation of the industry, the agriculture ministry said on Tuesday, after an aggressive expansion drive led to an oversupply of pigs and heavy losses.
Farmers Edge to go private three years after IPO
Company’s majority holder to buy all shares at pennies on the dollar
Ag tech firm Farmers Edge has inked a deal with majority shareholder Fairfax Financial Holdings Limited to sell all common shares at 35 cents apiece, the company announced late yesterday.
U.S. grains: Soybeans rise, led by soyoil and crude oil; wheat up, corn choppy
Crude oil futures rose almost 2 per cent on supply disruptions, supporting soy
U.S. soybean futures climbed on Monday as soyoil futures jumped 2.7 per cent on short-covering and strength in crude oil, traders said.
Canadian Cattlemen Presents: Depth of Field
