Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed on Tuesday, marking the contract’s fifth gain in six days, pushed higher by increased demand for pork as restaurants reopen, while supplies remain low. “You have some supply-side influence on why the market is this good,” said Brad Kooima, commodity broker at Kooima Kooima […] Read more
U.S. livestock: Lean hog futures gain on tight supplies
CME cattle futures firm
U.S. grains: Soyoil leads soybean complex higher
Wheat follows corn, soy higher
Chicago | Reuters — Chicago soybean futures climbed on Tuesday, led by rising soybean oil as global edible oil supplies tighten. Corn futures also moved higher, as traders weighed Brazil’s late-planted second crop against beneficial rains in Argentina. Wheat followed the markets higher, despite much-needed rainfall across the U.S. Plains production belt. The most-active soybean […] Read more
Burger King rolls out plant-based Impossible Burger in Canada
Nationwide launch of soy- and potato-based burger set for mid-April
The Canadian arm of quick-service chain Burger King has made its move into the Canadian plant-based burger market, working with U.S. processor Impossible Foods. Burger King, a U.S.-headquartered brand of Toronto-based Restaurant Brands International (RBI) since 2014, said Monday it becomes “the first quick-service restaurant in Canada to put the award-winning, plant-based Impossible Foods patty […] Read more
New U.S. trade chief Tai focused on CUSMA, China ties in calls
New trade deals on hold for now, White House says
Washington | Reuters — New U.S. Trade Representative Katherine Tai mapped out her priorities and Washington’s desire to rebuild alliances in initial calls on Monday with her counterparts from Canada, Britain and the European Union. Tai, sworn in Thursday as President Joe Biden’s top trade negotiator, emphasized climate change, racial equity and the need to […] Read more
Richardson to upsize Yorkton canola crush plant
Company to boost shipping and receiving, double processing capacity
Agrifood firm Richardson International’s major canola crush plant at Yorkton in eastern Saskatchewan is set to undergo another round of upgrades which are expected to double its processing capacity. The company on Monday announced it will start work immediately on “facility upgrades and improvements” that would allow it to process over 2.2 million tonnes of […] Read more
U.S. livestock: Lean hogs ease but remain near highs
Live cattle follow boxed beef higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures stepped back on Monday but remained near recent highs as demand optimism persists, supported by tighter hog supplies. As the U.S. economy rebuilds and meat demand at restaurants increases into the summer, analysts expect supplies to remain tight for several months. “The deferred contracts should […] Read more
U.S. grains: Corn steps back after export-led rally
Wheat nears three-month low on better U.S. weather; soyoil pulls soybeans higher
Chicago | Reuters — Chicago corn futures dipped on Monday as improving South American crop weather added pressure to prices after export sales on Friday rallied the market. Soybeans were lifted by rallying soyoil futures, while wheat closed barely higher as favourable planting weather in the U.S. Great Plains and the Black Sea region limited […] Read more
Canadian Pacific to buy Kansas City Southern in bet on trade
Biggest North American rail deal ever valued at US$25 billion
Reuters — Canadian Pacific Railway (CP) agreed on Sunday to acquire Kansas City Southern in a US$25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pickup in trade. It would be the largest ever combination of North American railways by transaction value. It […] Read more
Beef trade gap seen growing as U.K. pact clears Parliament
Interim post-Brexit trade deal gets royal assent
Canada’s beef cattle producers are warning of a growing beef trade deficit, not only between Canada and the European Union but between Canada and the United Kingdom, as a new stopgap U.K. trade pact nears its launch. International Trade Minister Mary Ng on Friday announced Canada is ratifying the Canada-U.K. Trade Continuity Agreement (TCA), after […] Read more
U.S. grains: Corn rebounds on technicals, sales to China
Soybeans also gain; wheat weak on improving U.S. crop
Chicago | Reuters — U.S. corn and soybean futures rebounded on Friday in an end-of-week technical and bargain buying bounce from steep losses the previous day. Corn received an additional boost from the U.S. Agriculture Department’s (USDA) confirmation of large sales to China for a fourth straight day, lifting the market to its first weekly […] Read more
Canadian Cattlemen Presents: Depth of Field
