Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended mostly higher on Friday, rebounding from sharp declines the previous day as strong pork demand and tight hog supplies extended the market’s recent advance. Hog futures have soared in recent weeks, with April futures touching a 6-1/2 year front-month-contract high on Friday, as traders […] Read more
U.S. livestock: Lean hogs resume climb on robust demand
Cattle down ahead of USDA report
Cargill buying further into Saskatchewan ag retail
Company to take up other half of Precision Ag
Cargill plans to expand its crop retail reach further into southeastern Saskatchewan by buying up the remaining half of one of its joint ventures in the region. The Canadian arm of the U.S. agrifood firm said Thursday it will buy up crop input retailer Precision Ag for an undisclosed sum, taking up the 50 per […] Read more
New federal program to help develop on-farm carbon sinks
Plan to build out AAFC's 'Living Labs' concept across country
The federal government plans to put up $185 million over the next 10 years for farmers to work with scientists and others on new ways to pull carbon out of the air. Agriculture Minister Marie-Claude Bibeau and Environment Minister Jonathan Wilkinson on Thursday announced the Agricultural Climate Solutions (ACS) program, which the government said is […] Read more
Feed weekly outlook: Wheat stocks should limit barley’s further upside
MarketsFarm — Feed barley bids in Western Canada remain strong, although ample wheat supplies should limit the upside heading into the new growing season. Feed barley in the Lethbridge region of southern Alberta is currently trading at around $305-$310 per tonne, according to Jim Beusekom of Market Place Commodities. Prices for delivery later in the […] Read more
Oats riding high with other crops
MarketsFarm — Increased demand, both domestically and overseas, has caused the price of oats grown in Western Canada to rise compared to last year. And so far, seeding projections and rising prices for other crops suggest the market for oats won’t go down anytime soon. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids […] Read more
U.S. grains: Corn, soy slump in broad-based commodities selloff
Weekly corn export sales top estimates, China buys more
Chicago | Reuters — U.S. corn and soybean futures fell on Thursday as a firm U.S. dollar and tumbling energy prices, with crude oil down more than eight per cent, stoked broad selling across commodities markets. The steepest corn and soy declines in more than a week marked a further pullback from recent highs as […] Read more
U.S. livestock: Cattle, hogs follow broader commodities markets lower
"We were a little top heavy coming in"
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures posted steep losses in most contracts on Thursday as a broad-based commodities market selloff, led by sinking crude oil and a firmer U.S. dollar, weighed on prices. Fundamental factors for both cattle and hogs remained solid amid strong beef and pork exports and good […] Read more
Yes or no now on AgriStability changes, ag minister says
Farm and commodity groups line up to press provinces for decision
Ottawa’s proposals for changes to the AgriStability farm income stabilization program require a yes or no answer from participating provinces, not more discussion, the federal ag minister said Wednesday. “It has been just over 110 days since we made the offer to the provinces to improve AgriStability,” Agriculture Minister Marie-Claude Bibeau and Winnipeg MP Jim […] Read more
Pulse weekly outlook: Yellow pea demand continues to rise
MarketsFarm — This St. Patrick’s Day, it’s not easy being green if you’re a pea. Having reached price parity less than two months ago, Canadian yellow peas are now trading at a premium. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for yellow peas are now priced at $11.25 per bushel, $4.16 (59 […] Read more
ICE weekly outlook: Is a bear market next for canola?
Winnipeg | MarketsFarm — The canola market started to retreat this week as unpriced supplies still in the countryside approach non-existent, according to Wayne Palmer, analyst with Exceed Grain in Winnipeg. For the first half of the week of March 15, canola began to lose strength, particularly in old-crop months. That was highlighted at the […] Read more
Canadian Cattlemen Presents: Depth of Field
