MarketsFarm — Funds’ large net long position in canola narrowed slightly 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 as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about […] Read more
Funds’ net long position edges lower in canola
Net long increased in MGEX and K.C. wheats
Prairie cash wheat: Bids track rally in U.S. futures
Loonie up by a third of a cent on the week
MarketsFarm — Spring wheat bids in Western Canada climbed higher during the week ended Thursday, as a rally in U.S. futures more than countered any bearish influence from a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.50-$13 per tonne, according to price quotes from […] Read more
Trump administration mulls industry-wide biofuel waiver
Comment period would end after Trump's exit
New York | Reuters — The Trump administration is considering requests from the oil refining industry and its backers for a sweeping nationwide waiver to exempt them from their obligations to blend biofuels, a measure they argue would help them weather the economic impact of the coronavirus pandemic. U.S. President Donald Trump’s Environmental Protection Agency […] Read more
USDA unveils more COVID-19 aid, mostly for livestock farmers
Funds earmarked for farmers under contract
Chicago | Reuters — The U.S. Department of Agriculture said on Friday it will pay an additional US$2.3 billion in COVID-19 aid to farmers, directing more money to livestock producers suffering from disruptions in slaughtering and restaurant demand for meat. The aid, which comes from money allocated to USDA from previous pandemic stimulus legislation, follows […] Read more
U.S. grains: Wheat rises on Russian export tax plan
Corn, soybeans fall on profit-taking
Chicago | Reuters — U.S. wheat futures rose on Friday, supported by Russia’s plan to double its tax on exports of the grain, while corn and soybeans fell as traders took money out of the market following their surge to multi-year highs earlier in the week. Wheat traded both sides of unchanged, ending in positive […] Read more
U.S. livestock: Hog, cattle futures rise on bargain buying
Chicago | Reuters — CME live cattle futures rose on Friday on some bargain buying but still posted their first weekly loss in five weeks, traders said. Bargain buying also supported hog futures, which had posted lower closes in seven of the previous eight sessions. Signs of weakness in the cash markets kept a lid […] Read more
Feds launch consultations on Canada Grain Act
Review to run until April 30
The federal government is now officially canvassing the grains sector on upgrades to Canada’s grain regulatory system. Agriculture Minister Marie-Claude Bibeau, speaking Tuesday to Saskatchewan crop organizations’ virtual CropSphere conference, announced the feds’ current Canada Grain Act review has entered its consultation stage, running until April 30. The government said it wants feedback from grain […] Read more
Trudeau names new transport, foreign affairs ministers
Garneau to handle foreign policy; Omar Alghabra takes transport
Ottawa | Reuters — Prime Minister Justin Trudeau named new ministers for foreign affairs and transport on Tuesday ahead of an election that insiders in his Liberal Party say is likely this year. Trudeau’s hand was forced when Innovations Minister Navdeep Bains, 43, unexpectedly announced he was resigning from politics for family reasons. Bains, who […] Read more
Canada consulting at home toward Indonesia trade deal
Possibility of broader Southeast Asian pact also looms
Continuing to seek out free trade deals in the Asia-Pacific region, Canada has launched public consultations on the merits of a potential bilateral pact with Indonesia. “Deepening trade ties with Indonesia would benefit Canadian businesses of all sizes and lead to economic growth and prosperity for years to come,” International Trade Minister Mary Ng said […] Read more
EU farmers could get cash to curb emissions from belching livestock
Brussels | Reuters — Farmers should get European Union funding to reduce methane emissions from livestock or increase organic farmland, the European Commission said on Thursday, under plans to make agriculture greener. The EU is nearing the end of a two-year battle to overhaul its massive farming subsidies scheme, to attempt to align the agriculture […] Read more
Canadian Cattlemen Presents: Depth of Field
