MarketsFarm — Although canola has seen some backpedalling this week, the markets should get two good shots in the arm from a pair of reports, according to Wayne Palmer, analyst with Exceed Grains in Winnipeg. The first will very likely come from the principal field crops report , to be released Thursday by Statistics Canada. […] Read more
ICE weekly outlook: Two reports likely to increase canola values
CBOT weekly outlook: Soy trade watching weather, export demand
MarketsFarm — Soybean contracts on the Chicago Board of Trade tested contract highs around US$12 per bushel in overnight trade earlier in the week, but couldn’t maintain those levels due to a lack of support. A technical selloff put pressure on prices on Wednesday, with the nearby January contract closing down by nine cents at […] Read more
Singapore approves sale of lab-grown meat in world first
U.S. maker says cultured meat's clearance may set template for future approvals
Singapore | Reuters — Singapore has given U.S. start-up Eat Just the greenlight to sell its lab-grown chicken meat, in what the firm says is the world’s first regulatory approval for so-called clean meat that does not come from slaughtered animals. The meat, to be sold as nuggets, will be priced at premium chicken prices […] Read more
Viterra brand goes worldwide
Glencore Agriculture begins rebranding in most countries
Glencore Agriculture has officially taken the name of its Canadian subsidiary as its own worldwide. Glencore Agriculture, co-owned by commodity firm Glencore and two Canadian public-sector pension fund investment firms, announced Monday it has started to use the name Viterra — and a new brand, “Viterra: The Agriculture Network” — in most of the 37 […] Read more
AgriStability proposal could have hidden cost, Pedersen warns
Manitoba's ag minister warns Bibeau's plan may hurt crop insurance, AgriInvest funding
Ottawa’s proposal for an improved AgriStability program could give farmers short-term gain for long-term pain, Manitoba’s agriculture minister Blaine Pedersen warns. At the online federal-provincial-territorial agriculture ministers’ meeting on Friday, federal Agriculture Minister Marie Claude Bibeau proposed dropping AgriStability’s maximum reference margin, and increasing the compensation rate from 70 to 80 per cent retroactively this […] Read more
U.S. livestock: Live cattle strengthen on demand outlook
Export demand supports hog futures, for now
Chicago | Reuters — Live cattle futures rose on Tuesday, supported by strong U.S. consumer demand and high wholesale beef prices, traders said. Chicago Mercantile Exchange February live cattle futures added 0.3 cent to 113.175 cents/lb. (all figures US$). CME cattle futures have been steady in recent weeks, recovering from a slump in late October […] Read more
U.S. border restrictions to last a long time yet, Trudeau says
COVID would need to be 'significantly more under control'
Ottawa | Reuters — Canada will not agree to lifting a ban on non-essential travel with the United States until the coronavirus outbreak is significantly under control around the world, Prime Minister Justin Trudeau said on Tuesday. Trudeau’s comments were a clear indication that the border restrictions will last well into 2021. The two neighbours […] Read more
U.S. grains: Wheat futures hit two-month low
Soybean, corn futures also decline
Chicago | Reuters — Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said. Corn and soybean futures also sagged, retreating from early strength as traders focused on forecasts for welcome rains in South American crop regions. […] Read more
Grain Farmers of Ontario to wind down wheat pool
Programs to end after 2020 marketing year
The remnants of Ontario farmers’ former single wheat marketing desk are set to disappear at the end of the 2020 crop marketing year. Grain Farmers of Ontario, which inherited the pooling system from one of its heritage organizations, the Ontario Wheat Producers’ Marketing Board, announced Tuesday it will wind down its wheat pool and its […] Read more
Pulse weekly outlook: Canada’s exports solid through first quarter
MarketsFarm — Canadian pulse exports were leaving at the country at a solid pace through the first three months of the 2020-21 marketing year, according to the latest Canadian Grain Commission (CGC) monthly data. Canada exported 343,000 tonnes of peas in October, taking the 2020-21 year-to-date total to 1.136 million tonnes. That’s up by about […] Read more
Canadian Cattlemen Presents: Depth of Field
