United Nations | Reuters — Top United Nations trade official Rebeca Grynspan met with Russian officials in Moscow on Monday for talks aimed at enabling the “unimpeded access” to global markets for grain and fertilizer from Russia and Ukraine, a U.N. spokesperson said. U.N. aid chief Martin Griffiths also attended the meetings virtually, U.N. spokesperson […] Read more
U.N. held talks in Russia on Monday on grain, fertilizer exports
'Unimpeded access' sought for Ukrainian, Russian grain
U.S. livestock: Cattle, hogs down as Middle East war sparks risk-off selling
Smithfield to shut Charlotte, N.C. plant
Chicago | Reuters — Chicago Mercantile Exchange cattle futures retreated on Monday while lean hog futures fell for the first time in four sessions, pressured by risk-off selling as violence erupted in the Middle East over the weekend and riled global markets. The bloodiest fighting in years between the Palestinian Islamist group Hamas and Israel […] Read more
U.S. grains: Corn falls, soy eases as focus moves to U.S. harvest
Chicago wheat closes higher
New York | Reuters — Chicago corn and soybean futures fell on Monday on an acceleration in the pace of the harvest in the U.S. Midwest, reversing overnight gains triggered by worries about the conflict in the Middle East. The most actively traded corn futures contract on the Chicago Board of Trade (CBOT) settled down […] Read more
Prairie Forecast Update: Manitoba in retrograde
Issued Oct. 7, covering Oct. 7-11
If you have followed my forecasts over the years, you will know that the term retrograde is almost always associated with bad weather. Well, an area of low pressure about to come on shore over Eastern Canada is expected to retrograde, or move westward, ending up around James Bay by Monday or Tuesday. How will […] Read more
U.S. grains: Soy, corn futures fall as harvest accelerates
CBOT December wheat turns lower
New York | Reuters — Chicago soybean and corn futures fell on Friday due to profit-taking after the previous day’s rally and forecasts of favourable harvest weather this weekend. Wheat futures also dropped as concerns ebbed about shipping grain through the Black Sea. The most-active Chicago Board of Trade (CBOT) soybean futures fell 1.2 per […] Read more
U.S. livestock: CME hog futures rise for third day in a row
Cattle futures turn higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday, extending a rally that was sparked by a strong export sales report a day earlier, traders said. A round of short covering was noted as prices moved off of the four-month lows hit on Wednesday. Cattle futures also were firm. The most-active […] Read more
Anti-activist bill back before Commons committee
Bill adds protections for biosecurity, farmers' mental health, Barlow says
A bill to create harsher penalties for unlawful entry onto farms and biosecure zones is back before the House of Commons after a previous iteration died on the order table in 2021. Conservative MP John Barlow brought forward Bill C-275, “an Act to amend the Health of Animals Act (biosecurity on farms),” as a private […] Read more
Feed weekly outlook: Lack of overseas demand brings down prices
'It feels like for now, we've kind of bottomed out'
MarketsFarm — As the grain harvest wraps up in Western Canada, feed grain prices continued to move downward. However, harvest pressure was not the only reason for their declines. Evan Peterson of JGL Commodities at Moose Jaw, Sask. heard others say their crops were larger than anticipated — but there were additional factors adding pressure […] Read more
U.S. grains: Chicago wheat rises on Black Sea tensions
Corn at one-month high; soybeans also up
Reuters — Chicago wheat futures rallied on Thursday, boosted more than three per cent on reports of new tensions in the Black Sea region. Corn futures hit a one-month peak, breaking out of a recent range holding above a key technical level, and soybeans rose modestly despite lacklustre export demand. A Turkish-flagged general cargo ship […] Read more
U.S. livestock: CME hogs rally, export sales in focus
Cattle futures turn lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Thursday, with signs of strong export demand supporting prices following the market’s decline to its lowest in more than four months on Wednesday. The U.S. Department of Agriculture (USDA) said on Thursday morning that export sales of pork totaled 42,900 metric tonnes in […] Read more
Canadian Cattlemen Presents: Depth of Field
