Chicago | Reuters — U.S. corn and soybean futures ended mixed on Monday, with old-crop contracts easing on some profit taking while new-crop contracts rose on concerns that hot and dry conditions in key growing areas of the U.S. Midwest could threaten crops as they pass through key stages of development, traders said. “Forecasters expect […] Read more
U.S. grains: Corn, soybeans mixed as traders eye weather
MGEX wheat down off highs on Prairie rains
U.S. livestock: Hog futures rise on strength in cash market
August live cattle slip, feeder cattle up
Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures rose on Monday, with the market underpinned by tight supplies and firm cash markets, traders said. But technical selling kept the gains in check, with the front-month contract failing to take out the seven-year high it hit on Friday. CME July lean hog futures added […] Read more
Feds launch consultations on next ag policy framework
Programming types, cost-sharing among expected contentious points
Consultations for Canada’s next agricultural policy framework are officially underway. The five-year framework agreement currently in place, known as the Canadian Agricultural Partnership (CAP), is a $3 billion funding deal between federal, provincial and territorial governments that funds a wide range of programming within the sector. That deal, agreed upon in mid-2017, kicked off in […] Read more
Quebec names mediator in Exceldor poultry strike
Major chicken plant's workers off job since May 23
The Quebec government has brought in a mediator to try to restart labour talks that stalled ahead of a strike at one of the province’s biggest poultry plants. Provincial Labour Minister Jean Boulet on Friday named Helene Poulin as a special mediator on the labour dispute at the Exceldor poultry plant at Saint-Anselme, about 30 […] Read more
U.S. livestock: CME feeder cattle slide on higher feed costs
Cattle slaughter down on short week, JBS hack
Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures slipped on Friday, weighing on live cattle as rising corn futures pushed feed prices higher. “I think the downturn in feeders certainly was a factor,” said Altin Kalo, economist at Steiner Consulting Group. “I don’t see any other fundamental news out there that would […] Read more
Flood risk forces Mosaic to shut Esterhazy potash shaft
Company to restart Colonsay mine
Winnipeg | Reuters — Fertilizer producer Mosaic Co. said Friday it would immediately cut production at its biggest potash mine due to flood risks, and restart an idled mine to offset some of the reduction. Mosaic’s K1 and K2 mine shafts at Esterhazy, Sask., about 75 km southeast of Yorkton, have long been prone to […] Read more
U.S. grains: Weather risk adds premium to corn, soy, wheat
Brazil drought set to cut corn crop, hamper river logistics
Chicago | Reuters — Chicago corn, soybean and wheat futures gained on Friday as hot, dry conditions in parts of the U.S. Midwest threatened yield potential at a time of tight global supply. The most-active corn contract on the Chicago Board of Trade (CBOT) ended 20-3/4 cents higher at $6.82-3/4 per bushel, gaining four per […] Read more
Feed weekly outlook: Rains, lower demand pressure grain bids
Old-crop demand 'not that strong anymore'
MarketsFarm — With feedlots across Western Canada already stocked up on feed barley and wheat for their animals, reduced demand for those crops and recent wet weather have left high-delivered bids mixed. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for feed barley remained steady in Saskatchewan at $6 per bushel, went down […] Read more
JBS says all facilities operating after weekend cyberattack
Attackers 'never able to access our core systems'
Chicago | Reuters — All of meatpacker JBS SA’s global facilities are fully operational after a weekend cyberattack disrupted much of its North American and Australian operations, the company said on Thursday. The Brazilian meatpacker’s arm in the United States and Pilgrim’s Pride, a U.S. chicken company mostly owned by JBS, lost less than one […] Read more
U.S. grains: Soybeans, corn ease on inflation fears
Stronger U.S. dollar also pressures prices
Chicago | Reuters — Chicago soybean and corn futures eased on Thursday, pressured by a firming dollar and fears of food price inflation, though concerns of hot, dry weather in growing areas offered support, traders said. The most-active soybean contract on the Chicago Board of Trade fell 13-1/4 cents to $15.49-1/4 per bushel, while new-crop […] Read more
Canadian Cattlemen Presents: Depth of Field
