Chicago | Reuters — Chicago Board of Trade soybean futures exceeded a three-week high on Friday as demand from end-users helped push soybean oil above a one-month peak, traders said. Spillover support from soyoil’s rally lifted soybeans while corn futures slumped, traders said. Soyoil has advanced more than 22 per cent since dropping on May
U.S. grains: Soybeans up as soyoil touches one-month high
Traders watch U.S. crop weather forecasts
U.S. livestock: CME lean hogs touch one-month high
August live cattle lower, feeders up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit their highest level in more than a month on Friday following gains in cash prices. Recent advances in futures have built some upward momentum into the market, brokers said, though the sector continues to grapple with an excess of hogs and lacklustre demand for
Canada gets in on U.S. trade challenge of Mexico’s GM corn ban
Canada to have third party role in CUSMA dispute consultations
A U.S. challenge under the Canada-U.S.-Mexico free trade agreement (CUSMA), against Mexico’s planned ban on genetically modified corn, will now also have Canada at the table. Rob Stewart, Canada’s deputy minister for international trade, wrote Friday to U.S. and Mexican trade officials, formally announcing Canada’s intent to take part in the CUSMA dispute settlement consultations
Prairie Forecast: Switch in pattern but summer sticking around
Forecast issued June 7, covering June 7-14
The weather models are doing a good job handling all the heat and humidity that has been driving thunderstorms and breaking temperature records across the eastern half of the Prairies over the last week. To the west it has been a little cooler and drier, with not as much instability to deal with, but nonetheless,
Degelman buys grain bagging, milling equipment firm Renn
Alberta equipment maker's staff to continue with Degelman
Regina ag implement maker Degelman Industries has bought into the grain bagging and grain milling equipment business with a deal for Alberta manufacturer Renn Mill Center. Degelman, in a release Thursday, said it recently bought the Lacombe, Alta. company for an undisclosed sum and will keep Renn’s existing employees and management in place. In business
Philippines to host Canada’s Indo-Pacific ag office
AAFC/CFIA base to be set up in Manila, Bibeau says
Canada’s agriculture department and food safety agency will carry out their part of the federal government’s Indo-Pacific strategy from a new office in Manila, Philippines. Federal Agriculture Minister Marie-Claude Bibeau announced the office’s location Wednesday in Ottawa during a meeting with the Canadian Agri-Food Trade Alliance (CAFTA), which represents Canada’s export-dependent ag commodity groups on
U.S. grains: Wheat futures rebound
Corn, soybeans close firm
Chicago | Reuters — U.S. wheat futures rose on Thursday, bouncing back from a sharp sell-off a day earlier on support from technical buying and concerns about supply disruptions stemming from the Russia-Ukraine war, traders said. Corn and soybeans also closed in positive territory, with old-crop contracts supported by expectations that supplies will remain tight
U.S. livestock: CME cattle down second day in a row
Chicago lean hogs close firm
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell Thursday on a wave of follow-through selling after contracts posted their first losses in more than a week on Wednesday. Hog futures closed firm but remained below recent peaks. Benchmark CME August live cattle futures settled down 0.95 cent at 172.25 cents/lb. (all figures US$).
International help rolls in to fight unyielding Canadian wildfires
Almost 80 of Quebec's fires currently out of control
Ottawa | Reuters — Allies around the world are promising to boost support for Canada’s fight against hundreds of blazes amid the country’s worst-ever start to wildfire season, which is fueling concerns about the worsening consequences of climate change. Forest fires continued to burn across Canada on Thursday, forcing thousands of people from their homes
Feed weekly outlook: Market in a waiting game
U.S. corn, available wheat keep market supplied
MarketsFarm — The feed grain market in Western Canada is holding relatively steady for the time being as both buyers and sellers wait to get a better handle on new-crop production. “It’s a waiting game at this point between the farmer and the feedlot,” said grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta.
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