Canada’s ag sector is expected to serve as a carbon sink, a renewable fuel source and a beneficiary in the federal Conservative Party’s new climate change plan — which now includes putting a price on carbon. Party leader Erin O’Toole announced the new plan Thursday — after a long campaign of vehemently opposing such policy. […] Read more
Conservatives’ new climate plan puts price on carbon
New poll ranks carbon tax costs highest among farmers' springtime concerns
Agriculture, agrifood wish lists pile up ahead of long-delayed budget
Freeland's budget due out Monday afternoon
Agriculture and agrifood sector stakeholders will learn Monday which of their requests make their way out of the pile and into a long-awaited federal budget. Federal Finance Minister Chrystia Freeland’s 2021 budget is scheduled to be released Monday in the House of Commons, at about 4 p.m. ET. Canadians didn’t get a 2020 budget: it […] Read more
Prairie cash wheat: Bids soar after weather events
U.S. May wheat futures up on week
MarketsFarm — Cash bids for Prairie wheat jumped as wintry weather made its way across the Prairies and U.S. northern Plains during the week ending Thursday. Wheat futures in the U.S. rose due to spillover from soybeans. However, a stronger Canadian dollar tempered Prairie wheat prices. Manitoba and Saskatchewan, as well as Montana, North Dakota […] Read more
Grain, oilseed exports at strong pace
MarketsFarm — Canadian grain and oilseed exports continue at a strong pace, with movement of canola, wheat and barley all running well ahead of the year-ago pace. Crop-year-to-date exports of Canada’s major grains and oilseeds as of Sunday came in at 37.78 million tonnes, according to Canadian Grain Commission (CGC) data. That’s up by roughly […] Read more
U.S. grains: Soybean futures rise
Wheat eases, corn mixed, traders focused on weather
Chicago | Reuters — U.S. soybean futures rose on Friday, gaining ground on corn contracts as the market tried to entice farmers to boost acreage of the oilseed despite the yellow grain’s rally to its highest in nearly eight years earlier this week. “The last two weeks all the talk has been about the corn […] Read more
U.S. livestock: Cattle, hogs down on demand concerns
'We got a little bit ahead of ourselves'
Chicago | Reuters — CME Group hog futures fell sharply for the second day in a row on Friday, with the most-active June contract sinking 2.9 per cent to its lowest since March 23. Cattle futures also were weaker, with the June live cattle contract notching its seventh straight losing session. The market was correcting […] Read more
Set-aside funded for Quebec hog, cattle, big game producers
Feds, province pledge $21.8 million AgriRecovery plan
Farmers tending feeder hogs, fed cattle and big game animals such as elk, red deer, bison and wild boar in Quebec can expect $21.8 million in AgriRecovery to compensate for COVID-19’s drag on the province’s slaughter capacity. Federal Agriculture Minister Marie-Claude Bibeau and her Quebec counterpart Andre Lamontagne on Thursday announced their governments’ respective 60-40 […] Read more
U.S. livestock: Hogs limit-down on profit-taking
Cattle futures continue lower
Chicago | Reuters — U.S. lean hog futures sank by their daily exchange-imposed trading limit on Thursday as profit-taking overwhelmed the market following blistering rallies, analysts said. The setback is a turnaround from gains that have lifted profits for pig farmers after they struggled last year when the COVID-19 pandemic reduced restaurants’ demand for meat […] Read more
Feed weekly outlook: Prairie grains firm, watching new-crop weather
U.S. corn values supportive
MarketsFarm — Tight barley supplies in Western Canada continue to keep the feed market underpinned, with gains in the U.S. corn market also providing support to grain markets in general. “We’re starting to see a bit of an early weather market in the U.S.,” Allen Pirness of Market Place Commodities in Lethbridge said. Rising corn […] Read more
U.S. grains: Corn futures retreat from peak above $6
Wheat, soybean futures rise
Chicago | Reuters — U.S. corn futures closed mixed on Thursday, with the most-active contract easing on pressure from commercial hedging after spiking above US$6 a bushel for the first time since June 2013 during overnight trading. But concerns about seeding delays due to cold weather in the U.S. Midwest lifted new-crop corn contracts. Weather […] Read more
Canadian Cattlemen Presents: Depth of Field
