MarketsFarm – Farmers in the United States seeded fewer soybean acres than original intentions and slightly more corn, according to updated acreage estimates from the U.S. Department of Agriculture, released June 30. Total soybean area in the country for the 2022 growing season was pegged at 88.30 million acres by the government agency. That compares
U.S. soybean acres come in below expectations
U.S. grains: Soybeans end mostly lower, grains plunge after USDA acres data
Chicago | Reuters – U.S. soybean futures closed mostly lower on Thursday as midsession support from a lower-than-expected U.S. crop acreage estimate and tightening stocks was eclipsed by broader economic concerns as equities and energy markets retreated. Soy had traded higher after the U.S. Department of Agriculture (USDA) said American farmers planted fewer acres this
Sask farmers, ranchers get cash for water management
Saskatchewan farmers and ranchers have $700,000 flowing their way from the Water Security Agency (WSA), in an effort to improve responsible agricultural management projects such as watersheds. The pilot program is being labeled as the Agricultural Water Management Fund. “Effective water management may be one of the most important factors driving Saskatchewan’s growth in the
ICE weekly outlook: The larger picture behind drop in canola
MarketsFarm – While the declines in canola prices can be partially attributed to the lack of major weather concerns on the Canadian Prairies and the early development of this year’s crop, an analyst said the main reason is on a grander scale. “The major one is the overall drop in the commodity world. For instance,
Health Canada to slap warning labels on sugary, salty and fatty foods
Ottawa | Reuters – Foods high in sugars, sodium and saturated fat will come with clear warning labels in Canada starting in 2026, the federal government said on Thursday, in an effort to promote healthier eating choices and reduce chronic health risks. “We know that it’s not always easy to make healthy choices,” Health Minister Jean-Yves Duclos told
McCain acquires predictive crop technology
McCain Foods Ltd. has purchased predictive crop intelligence technology from Resson, a ‘vision intelligence technology’ firm headquartered in Fredericton, N.B. McCain has been a long-time partner with Resson, working together for nine years to develop algorithms that forecast farm yields using remote sensing technology. The technology will enable producers to make more appropriate decisions through
U.S. livestock: Live cattle futures ease ahead of U.S. holiday weekend
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased on Wednesday, as packers prep for a short processing week after the Fourth of July holiday in the United States, traders said. Packers’ purchases are expected to slow by the end of the week, to avoid having pens full of animals waiting over the
U.S. grains: Spot corn, soy futures extend gains ahead of USDA report
Chicago | Reuters – Chicago spot corn and soybean futures extended gains on Wednesday, as traders adjusted their positions ahead of a government crop report, traders said. But the most-active and deferred corn contracts eased downward, as latest forecasts see an increased chance of rain in U.S. growing areas as crop nears pollination phase. Traders
Feed weekly outlook: Decline in feed grain prices anticipated
MarketsFarm – Much-needed rains falling onto most parts of Alberta have created ideal growing conditions for feed grains in the province, which has already created a slight decline in prices. “Southern Alberta has been very, very dry, but we’ve had anywhere from four to six inches of rain over the last three weeks,” said Mike
Extreme weather in Manitoba slows planting progress
MarketsFarm – Little progress was made in planting whatever acres remained in Manitoba as extreme weather made its way through the province for the week ended June 26. Provincial seeding progress sat at 93 per cent at a time of year when plantings would be complete, according to the Manitoba Crop Report released on June