This forecast period is dominated by two lows — one to the far west, and one over Hudson Bay. The relative strength of the two lows will determine temperatures across the Prairies.
Daily news
Prairie forecast: Northwesterly flow brings seasonable temperatures, weak systems
U.S. livestock: CME cattle futures higher on year-end positioning
Chicago | Reuters – Chicago Mercantile Exchange cattle and hog futures climbed on Tuesday on position squaring between the Christmas and New Year holidays, analysts said. CME February live cattle LCG26 settled 1.500 cents higher at 230.475 cents per pound, and March feeder cattle FCH26 settled 2.900 cents higher at 344.575 cents per pound. CME
U.S. grains: Soybean futures fall, shrugging off China purchases
Chicago | Reuters – Chicago Board of Trade grain futures ticked lower on Tuesday amid a sluggish trading session, as investors weighed the latest developments surrounding the Russia-Ukraine peace talks. CBOT soybean futures fell after a day of choppy trade on signs of China returning to the U.S. market, and trying to finish up last-minute
Growing pains: An Ontario city’s urban agriculture efforts show good policy requires real capacity
London, Ont., adopted Canada’s first stand-alone Urban Agriculture Strategy in 2017. Yet, almost eight years later, many of the strategy’s goals remain unrealized.
China vows to stabilize grain production, increase soybean oilseed self-sufficiency
Chinese officials have vowed to stabilize grain production and increase soybean oilseed production capacity, readouts of agricultural policy meetings showed on Tuesday, as Beijing seeks to reduce imports and ensure food security.
Klassen: Feedlot margins will determine feeder prices
There were no Western Canadian feeder cattle sales for week ending December 27. The shortened holiday week is always a time for cattle producers to call in and discuss factors that will influence the feeder market over the next couple months. In the short-term, finishing feedlot margins are the main factor driving the feeder market.
U.S. livestock: Lean hogs tick down on supply numbers, year-end positioning
Chicago | Reuters – Chicago Mercantile Exchange live cattle and lean hog futures fell while feeder cattle futures rose on year-end positioning, according to analysts, with the trade thin between Christmas and New Year holidays. Many funds still have net long positions, said Doug Houghton, analyst at Brock Associates, “If they’re taking profits, that’s going
U.S. grains: Chicago grains and oilseeds fall as Black Sea, China headlines assessed
Chicago | Reuters – Chicago grains and oilseeds fell on Monday in thin holiday season trade, as market players weighed how markets would be affected by news from Russia, Ukraine and China, according to analysts. There were positive signals from talks between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy to end the war
Soy trading firms to abandon Amazon protection pact in Brazil
Some of the world’s largest soybean traders are preparing to break their agreement to curb deforestation of the Amazon rainforest to preserve tax benefits in Brazil’s top farm state, two people with direct knowledge of the matter told Reuters.
Ultra-processed foods are danger to global public health, experts warn
Ultra-processed foods are a major public health threat that must be urgently addressed, according to a new series of papers authored by 43 global experts in the Lancet medical journal.
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