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(Dave Bedard photo)
Crops

Saskatchewan budget aims to spur ag investment

Potash, crude oil resource revenues help cut deficit

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Sweetening existing tax credits on big-ticket investments, and setting up a new Crown corporation to support Indigenous investors, are among the items expected to help encourage new value-added ag projects in Saskatchewan’s latest budget. Provincial Finance Minister Donna Harpauer on Wednesday released her 2022-23 budget with $17.6 billion in expenditures on $17.2 billion in revenues,
ICE May 2022 canola (candlesticks, right column) with 20-, 50- and 100-day moving averages (yellow, green and black lines) and NYMEX May 2022 WTI crude oil (grey line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’

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MarketsFarm — ICE Futures canola contracts climbed to their highest levels ever during the week ended Wednesday before running into some profit-taking resistance. Its general uptrend remains intact for the time being, but a downturn is also inevitable. The nearby May canola contract hit a session high of $1,177.80 per tonne on Wednesday, before backing
CME April 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle up amid weak broader markets

Nearby hog futures see muted gains

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures climbed on Tuesday as investors looked for safety amid weaker broader markets. “With oil prices giving up gains the last couple days, the reverse happened in cattle,” said Altin Kalo, Economist at Steiner Consulting Group. CME’s most-active June live cattle added 1.1 cents to 136.8 cents/lb.,
CBOT May 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat futures limit down as USDA cuts exports

Corn pressured by oil prices, soybeans pare gains

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Chicago | Reuters — Chicago wheat futures hit their daily trading limit on the downside for the second straight day on Wednesday, as the U.S. government cut domestic wheat exports and global markets continue to be roiled by supply disruptions stemming from Russia’s invasion of Ukraine. Soybean futures turned lower after the U.S. Department of
CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soybeans reach seven-month peak

Oil strength, South American crop worries lift soy; CBOT corn up, wheat down

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Chicago | Reuters — U.S. soybean futures hit their highest in seven months on Wednesday on technical buying and as soyoil futures rallied with energy markets and historically high palm oil prices. Concerns about a reduced South American harvest and exports from top soy supplier Brazil offered further support, with strength spilling over into corn
Biodiesel is seen through a tube at Patagonia Bioenergia’s biodiesel refinery at San Lorenzo, Argentina on Feb. 26, 2010.
Grain Markets, Markets

Energy markets spur canola’s latest gains

Current values of well over $900 per tonne are supposed to be rationing demand

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Whatever seasonal harvest pressure there was in this drought-stricken year appears to have subsided, with ICE canola futures posting solid gains through the first full week of October. The general supply tightness and need to ration demand remained a supportive influence for the Canadian oilseed, but the latest gains likely had more to do with outside energy

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