MarketsFarm — The ICE Futures canola market has trended higher for the past five months and showed no signs of slowing down in mid-November, with prices hitting fresh contract highs on a number of days. January canola hit a session high of $571.40 per tonne, and settled Wednesday at $569.40. Aside from a brief blip […] Read more
ICE weekly outlook: Canola still climbing, watching beans
CBOT weekly outlook: Corn, soy continue rallies
MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have appreciated a significant rally over the past weeks. Last week’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) detailed lower-than-expected ending stocks for soybeans, which were bullish for soybean values. “Beans are on a mission right now,” said […] Read more
Grain Growers of Canada lobby Parliament Hill
Agriculture can help restart Canada's economy and the federal government help by addressing some issues, group says
Agriculture can help revitalize Canada’s post-COVID economy, but the federal government should clear the track for it. That means updating regulations to encourage technological innovation, improving market access for agricultural exports and recognizing farm practices that help the environment, Grain Growers of Canada (GGC) says. The organization, which represents 15 regional, provincial and national grain […] Read more
U.S. grains: Soybeans hit fresh four-year peak on tightening supplies
Soyoil helps lift soybeans amid tight world veg oil supplies; good exports boost corn
Chicago | Reuters — U.S. soybean futures rose to a new four-year peak Wednesday, led by sharply higher soyoil and as robust demand for beans from exporters and domestic processors fueled worries about tightening supplies of the oilseed. Corn and wheat followed soybeans higher, with strong export demand giving corn an additional lift. Grains remain […] Read more
U.N. draws on emergency fund in bid to avert famines
United Nations | Reuters — United Nations aid chief Mark Lowcock said on Tuesday he would use US$100 million from the world body’s emergency fund to help seven countries try to avert famine fueled by conflict, spiraling economies, climate change and the COVID-19 pandemic. Some $30 million will be spent in Yemen, $15 million each […] Read more
Irritated trade partners push back on China’s coronavirus food tests
Canada rips testing as 'unjustified trade restrictions'
Beijing/Geneva | Reuters — Major food-producing countries are growing increasingly frustrated with China’s scrutiny of imported products and are calling on it to stop aggressive testing for the coronavirus, which some say is tantamount to a trade restriction. China says it has found the virus on the packaging of products from 20 countries including German […] Read more
Pulse weekly outlook: Strong demand supporting pea prices
MarketsFarm — There has continued to be a strong demand for peas, as demonstrated by data from the Canadian Grain Commission. And that has been supporting price increases, according to Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. “The overall demand has been very, very good,” she said. In the most recent export data […] Read more
Klassen: Calf prices ratcheting higher
Compared to last week, western Canadian yearling markets traded $2-$4 on either side of unchanged; mid-weight calves were also unchanged while lighter calves traded steady to as much as $6 higher. Alberta and Saskatchewan have experienced adverse weather over the past couple of weeks; however, feedlots in southern Alberta appeared to be more aggressive for […] Read more
U.S. grains: Soybeans rise to four-year peak
Corn up on export hopes, eye on South American dryness
Chicago | Reuters — U.S. soybean futures scaled a four-year high on Tuesday as soaring demand from domestic users and exporters stoked concerns that already-thin supplies are likely to tighten further. Corn futures climbed for a third straight session on strong demand and smaller global supplies, while wheat dipped after two days of gains. “Soybeans […] Read more
U.S. livestock: Cattle futures climb with cash market, beef prices
Lean hog futures up on short-covering
Chicago | Reuters — U.S. live cattle futures rose for a second straight session on Tuesday, lifted by higher cash beef prices and signs that cash cattle at feedlot auctions would trade at steady to higher prices this week. Consumer demand for beef has remained solid despite rising coronavirus infection rates that have triggered lockdowns […] Read more
Canadian Cattlemen Presents: Depth of Field
