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CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat posts steepest drop since August

Soy drop biggest in 2-1/2 weeks; corn extends losses on big supply, weak ethanol demand

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Chicago | Reuters — U.S. wheat prices fell more than three per cent on Wednesday as coronavirus fears dragged down equities markets and lifted the dollar, sending Chicago wheat futures to their steepest decline in 7-1/2 months. Soybeans fell more than two per cent, the most in 2-1/2 weeks, and most corn contracts posted fresh
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures jump in end-of-month, -quarter rebound

Lean hog futures up in most months

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Chicago | Reuters — U.S. live cattle futures rallied by as much as the daily three-cent trading limit on Tuesday in an end-of-month and end-of-quarter profit-taking bounce following a steep drop fueled by concerns about the fast-spreading coronavirus and its economic impact. The recent dive in prices as governments imposed stay-at-home orders and restrictions on
Beef cattle feeding in Ontario. (DebraLee Wiseberg/iStock/Getty Images)
Livestock, Markets

COVID-19 strains already-battered Ontario beef industry

Limited processing capacity remains financial challenge for province's feedlot sector, despite recent increase in retail demand

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Ontario’s beef industry was already in the midst of an economic crisis, but COVID-19 is worsening the financial toll on the province’s cattle feeders. Due to extremely limited processing plant capacity, an uncompetitive market and disruptions to trade and market access, Ontario’s beef industry was losing an average of more than $2 million per week
News

Argentine port town suspending operations amid coronavirus spread

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A key port town in northern Rosario, Argentina’s main grains export hub, said March 19 it would suspend port activities as part of efforts to contain the spread of the coronavirus, drawing criticism from grain-exporting firms and processors in the farm-rich country. An order posted on the Timbues government website said “all commercial, industrial and
(PorcOlymel.com)
Hogs, Livestock

COVID-19 cases shut Olymel hog slaughter plant

Facility in Quebec's Mauricie region to close for two weeks

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The COVID-19 coronavirus has made its way into the labour pool at a major pork packing plant in Quebec’s Mauricie region, forcing a two-week shutdown. Olymel, the meat packing arm of Quebec-based Sollio Co-operative Group, announced Sunday it will temporarily close its hog slaughter and cutting plant at Yamachiche, about 20 km west of Trois-Rivieres,
CBOT May 2020 wheat with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Wheat firm on Russia export quota plan

Chicago corn ends lower

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Chicago | Reuters — U.S. wheat futures rose on Friday on optimism about export prospects as a Russian plan to cap grain exports for the rest of the season shifted attention back to potential supply tensions during the coronavirus pandemic. However, futures pared gains on profit-taking ahead of the weekend and worries that the rally
Rural municipalities ‘grinding to a halt’ in face of pandemic
News, Other

Rural municipalities ‘grinding to a halt’ in face of pandemic

COVID-19: Community centres and offices go dark in effort to protect residents

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Rural municipal leaders are rethinking how they govern and provide essential services in an era of social distancing due to COVID-19. It’s “hurry up and wait to get everything in place,” said West Interlake Reeve Art Jonasson. The RM of West Interlake has closed its office to the public, though staff will continue to work,
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat retreats from two-month peak

Corn rallies to end firm

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Chicago | Reuters — U.S. wheat futures fell on Thursday, retreating from a two-month high set the previous session, as traders booked profits and awaited developments in the coronavirus crisis that had sparked the recent run-up in wheat markets. Soybean futures also declined but corn rallied late in the session to eke out a modest

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