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How COVID-19 is upending global food supply chains

Cows fed strawberries in India, watermelons rot in U.S., okra not reaching Canada

Satara/Singapore/London | Reuters — In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed strawberries to cows. It’s not a treat. They can either feed their crops to animals or let them spoil. And other farmers are doing just that […] Read more



China yet to resume all canola imports from Canada, officials say

No correction measures yet shown, Chinese foreign ministry says

Beijing | Reuters — China has yet to resume all canola imports from Canada, the foreign ministry said on Friday, after suspensions were imposed on some suppliers last year. Canola imports from some Canadian exporters were suspended by China because of quality reports and it has not received any correction measures, so imports have not […] Read more

U.S. livestock: Hog futures hit 17-1/2-year low

Cattle also sink as virus measures disrupt markets

Chicago | Reuters — U.S. hog futures fell on Friday to the lowest point since late 2002 on tumbling pork prices and slowing slaughter rates as measures to control the COVID-19 coronavirus pandemic shuttered schools and restaurants and sent U.S. unemployment rates soaring. Cattle futures also dropped as wholesale beef and cash feedlot cattle prices […] Read more


Funds covering shorts in canola

Traders also move to net long in Chicago soybeans

MarketsFarm — Fund traders covered short positions in canola and moved to a net long position in Chicago soybeans during the week ended Wednesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Wednesday at […] Read more

U.S. grains: Wheat firms after four-day slide

Corn hits 3-1/2-year low

Chicago | Reuters — U.S. wheat futures rose on Friday, bouncing after a four-day slide, as traders weighed the threat of a deep economic downturn due to the coronavirus epidemic against supply tensions in some exporting countries. Corn extended a six-day drop, with May futures hitting the lowest for a most-active contract since September 2016, […] Read more


Canadian Financial Close: Loonie continues to rise with crude

Oil producers to talk production cuts

By MarketsFarm WINNIPEG, April 3 (MarketsFarm) – The Canadian dollar was higher on Friday due to gains in crude oil. The dollar finished the day at US$0.7071 or US$1=C$1.4142, compared to Thursday when it closed at US$0.7053 or US$1=C$1.4279. Benchmark crude oil prices were stronger on Friday, as the OPEC+ alliance, including Saudi Arabia and […] Read more

North American Grain/Oilseed Review

By Marlo Glass, MarketFarm WINNIPEG, April 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Friday, amid light trading volumes. Cold temperatures and spring snowstorms in eastern Saskatchewan and western Manitoba have slowed farmer selling, which is partially to blame for the quiet market activity. A lower tone for Chicago soy was […] Read more


Canada’s pork sector up to speed, aware of challenges

Processing plants enhancing biosecurity; producers being urged to watch their stress levels

They’re adding protective plexiglass shields, bringing in trailers to separate groups of workers, and boosting communication on biosecurity. It’s all part of an ongoing effort to ensure pork processing plants aren’t disrupted by COVID-19. “I’m very impressed by our packers, and for the workers for coming to work every day and being there and realizing […] Read more

ICE Canola Midday: Prices lower at midday

By Marlo Glass, MarketsFarm WINNIPEG, April 3 – ICE Futures canola contracts were lower at midday Friday amid light trading volumes. Cold temperatures and spring snowstorms in eastern Saskatchewan and western Manitoba have slowed farmer selling, which is partially to blame for the quiet market activity. A negative tone for soybeans on the Chicago Board […] Read more