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Russian service members take part in tactical exercises of an assault engineering unit at a training ground in Kamensk-Shakhtinsky in southwestern Russia’s Rostov region on Jan. 17, 2022. (Photo: Reuters/Sergey Pivovarov)
Crops, Markets, Weather

CBOT weekly outlook: Prices up on hot weather, growing tensions

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MarketsFarm — Soybean, corn and wheat futures at the Chicago Board of Trade were all showing some strength Wednesday, recovering from losses posted over the previous week. South American weather concerns and broader geopolitical tensions countered any bearish influence from the latest supply/demand estimates from the U.S. Department of Agriculture. South America recently received much-needed
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market remains firm

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Compared to last week, western Canadian yearling prices were steady to $3 lower on average; calves were relatively unchanged but limited numbers were on offer. Strength in the Canadian dollar appeared to temper demand from south of the border in the 750-plus-lb. weight categories. Last week was the first full week of sales in both
CBOT March 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Weather

U.S. grains: Soy eases on outlook for rain on South American crops

Corn inches higher; CBOT wheat touches one-week low

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Chicago | Reuters — Chicago Board of Trade soybean futures slumped on Friday to their lowest price in more than a week under continued pressure from forecasts for rain in dry South American growing areas, analysts said. Soybean futures have retreated about three per cent since reaching July highs a week ago on concerns about
Markets, News

Ukraine grain exports up sharply so far in 2021-22

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Ukraine has exported 33.2 million tonnes of grain so far in the 2021-22 July-June season, up 25.7 per cent from the same stage a season earlier, Agriculture Ministry data showed on Thursday. The total included 16.1 million tonnes of wheat, 5.2 million tonnes of barley and 11.5 million tonnes of corn, the data showed. Agriculture
The latest Canada’s Food Price Report predicted overall food prices would rise five to seven per cent in 2022, the highest predicted rise in the 12-year history of the report.
News

Processors, retailers to blame for food prices, not farmers, says NFU

NFU interpretation of price data, call for reduced consolidation is misguided, say analysts

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Food processors and retailers have pushed food prices upward even as prices paid to farmers have been largely stagnant, the National Farmers Union said in a statement late last year, which attributed rising food costs to rising corporate power. “Consumers need to know that less and less of the money they spend on food actually
CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Corn, soy sag on South America weather forecasts

Argentina rain outlook tempers crop fears

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Chicago | Reuters — U.S. corn and soybean futures tumbled on Thursday on expectations that rains forecast for dry crop-growing areas of South America may limit harvest losses, traders said. Weather forecasts show parched areas of Argentina, the world’s top exporter of processed soy and No. 2 producer of corn, may receive significant rainfall from
A view near the Canadian end of the Ambassador Bridge, which connects Windsor and Detroit and is considered one of North America’s busiest trade routes. (Steven_Kriemadis/iStock/Getty Images)
Markets

Cross-border supply chains still may face disruptions from vaccine mandates

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CLARIFIED, Jan. 13 — Ottawa/Washington | Reuters — COVID-19 vaccine requirements for foreign truckers at the U.S.-Canada border still could cause supply-chain disruptions if both countries do not decide to allow exemptions, the head of the Canadian Trucking Alliance (CTA) said Thursday. Canadian truck drivers who aren’t vaccinated may enter Canada by right — but
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Alberta bids see slight gains

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MarketsFarm — Alberta feedlots are only buying feed barley and wheat on a hand-to-mouth basis as demand remains unchanged, according to a local trader. “A lot of the feedlots we work with are buying what they needed and getting covered,” said Agfinity Inc. senior trader Erin Harakal from Stony Plain, Alta. High-delivered bids are $12.93

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