Washington | Reuters – U.S. lawmakers from both parties are pushing legislation that would limit who can own American farmland, with a latest effort from Democratic Senator Cory Booker aimed at curbing corporate ownership. Farm groups and lawmakers are concerned that land buys by investors and foreign countries are driving up farmland prices and threatening
U.S. Lawmakers seek to limit corporate, foreign ownership of farmland
Farm groups, lawmakers are concerned that foreign, investor ownership is driving up prices and threatening national security
U.S. grains: Corn, wheat slide sharply on promise of rain, yield potential
Soybeans steady to higher, boosted by weak U.S. dollar, export news
Chicago | Reuters – Chicago corn and wheat futures slid on Wednesday on technical trading and news of a better-than-expected spring wheat forecast in parts of North Dakota, even as a heat wave stretched across the U.S. Midwest and part of the Mississippi Valley, traders said. Meanwhile, soybean futures were steady to higher on the
ICE weekly outlook: canola market heading towards choppy waters
Markets will pause to see how the crops finish developing: analyst
Marketsfarm – While the recent gains in canola on the Intercontinental Exchange were likely generated by the spreaders, the market will probably become choppy, according to Ken Ball, trader with PI Financial in Winnipeg, Man. “Spreaders for the last few days have been selling canola and buying soyoil,” Ball suggested in a July 26 interview,
CBOT weekly update: U.S. Fed decision one of many factors
Russia’s withdrawal from Black Sea Grain Initiative, attacks on Ukrainian ports have caused erratic price movement
Marketsfarm – The decision by the United States Federal Reserve on July 26 to raise its key interest rates mostly served as a distraction on the Chicago Board of Trade (CBOT) from other events affecting grain futures. The central bank continued its efforts to wrangle inflation by pushing interest rates up 25 basis points to
Updated prairie forecast: unsettled start as sub-arctic high builds in
Issued July 26, covers July 26 to August 2
Update: A low tracking through central prairies is a little weaker than expected. This will result in less precipitation with showers, thundershowers, and storms being less widespread. Another issue is the smoke which can be difficult to predict. Areas with smoke we see cooler than expected daytime highs. An upper ridge that brought plenty of
U.S. livestock: feeder cattle futures gain boost from corn market weakness
Meat packers continued to see profit margins stay in the red
Meat packers continued to see profit margins stay in the red
Bibeau out, MacAulay in as AAFC Minister
Veteran P.E.I minister to take over Canada’s top ag role as Trudeau shuffles cabinet
Lawrence MacAulay will be replacing Marie-Claude Bibeau as Canada’s Minister of Agriculture and Agri-Food. It will be his second turn in the role, having previously served between 2015 and 2019. The announcement came at a Wednesday swearing in ceremony at Rideau Hall, where Prime Minister Trudeau’s anticipated cabinet re-shuffle was unveiled. MacAulay, who represents the
Feds, Manitoba pledge $6.4M to ag research facility
The new facility will modernize crop and soil research and training at the University of Manitoba
The Federal and Manitoba governments have thrown their weight behind development of a facility touted to become Canada’s pre-eminent resource for field crop research. “A great deal of our agriculture industry’s success comes from research and skill development,” said federal ag minister Marie-Claude Bibeau in a news release, Tuesday. Bibeau and Derek Johnson, Manitoba’s minister
U.S. livestock: Live cattle futures extend profit-taking slide
Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange Group fell on Tuesday for a fourth session on profit-taking after last week’s contract highs, and a month-long slide in wholesale beef prices that erased meat packers’ profit margins, analysts said. CME August live cattle futures LCQ3 settled Tuesday down 0.450 cent at 178.300 cents
U.S. grains: wheat pares gains after 5-month top; corn, soybeans retreat
The market pulled back from five-month highs as Russia appeared to slow its port attacks
Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures Wv1 pared gains after setting five-month highs on Tuesday after Russia’s attacks on Ukrainian ports and grain infrastructure raised concerns about long-term global supplies and triggered a round of fund short-covering, analysts said. The wheat market pared gains and even dipped lower at times