Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Extreme temperatures blanketed Western Canada last week. Many auction barns cancelled sales or had limited numbers on offer. Buyers attended sales either in person or via the internet, which was supportive to the overall price structure. Many backgrounders and cow-calf producers delayed sales […] Read more
Klassen: Cold weather slows feeder cattle market activity
Funds add to net longs in canola, U.S. futures
MarketsFarm — The large managed-money net long positions in soybean, corn and canola futures increased during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 43,967 contracts as […] Read more
Foreign workers to lose some travel exemptions in March
Temporary foreign workers (TFWs) travelling to Canada won’t need to quarantine in a government-supervised hotel when they get here – for now — but by mid-March, Ottawa will put more stringent measures in place. Starting Feb. 22, non-essential travellers and essential workers arriving in Canada will be tested for COVID-19 upon their arrival. Non-essential travellers […] Read more
High fertilizer prices likely to climb more
MarketsFarm — Expect fertilizer prices to resume increasing, despite having fallen back recently. Prices began their sharp rise around the middle of December and beginning of January. “They will go higher as demand goes up at seeding time,” Mike Jubinville of MarketsFarm Pro in Winnipeg said. Jubinville reported urea prices have jumped $100 per tonne […] Read more
U.S. grains: Weather worries push wheat futures higher
Soybeans firm, corn slips
Chicago | Reuters — U.S. wheat futures rose on Friday, supported by concerns that arctic temperatures in key growing areas could damage the dormant crop during the weekend, traders said. “Cold temperatures, chiefly domestically, lesser so abroad, will keep the wheat trade watching winterkill prospects over the weekend,” Matt Zeller, director of market information at […] Read more
U.S. livestock: Cattle futures rally
Cold U.S. weather in focus
Chicago | Reuters — U.S. cattle futures rallied on Friday, supported by cold weather in the United States that was making it hard to put weight on animals. “Weather remains front and center for cattle producers, bitter cold temps will be with us through the weekend and also some sizable snow totals in the southeast […] Read more
CFA seeks continued ag support in next federal budget
Federation also presses for Buy Canadian campaign, processing support
Federal budget consultations are underway, with agricultural groups lobbying the government to support the industry further in the midst of the COVID-19 pandemic. Finance Minister Chrystia Freeland on Jan. 25 launched pre-budget consultations and since then, her schedule has involved several meetings with stakeholders. “We want to hear ideas from Canadians, from all walks of […] Read more
Federated Co-op buying into ag retailer Blair’s
Central, southeastern Saskatchewan sites to go into new joint venture
The ag retail arm of the Saskatchewan-based Blair’s Family of Companies is set to go into a joint venture with one of Canada’s biggest co-operatives. Blair’s and Federated Co-operatives (FCL) announced last week they’ve reached an agreement to set up a joint venture which, pending regulatory approvals, will own and operate the seven Blair’s ag […] Read more
Degelman to make heavy harrows for Deere
Regina company reaches OEM agreement for new line
Major U.S. farm equipment manufacturer John Deere Co. has launched a new line of heavy harrows — and is going to Saskatchewan to get them. Regina equipment maker Degelman Industries announced Tuesday it has reached an OEM (original equipment manufacturer) agreement to provide Deere with a line of three heavy harrow models, the HH50, HH70 […] Read more
German cabinet approves legislation to ban glyphosate from 2024
Law would still need parliamentary approval
Berlin | Reuters — Farmers in Germany will have to gradually reduce their use of glyphosate and stop using it completely from 2024 in order to preserve clean habitats for insects, under draft legislation passed by the country’s cabinet on Wednesday. “The exit from glyphosate is coming. Conservationists have been working toward this for a […] Read more
Canadian Cattlemen Presents: Depth of Field
