MarketsFarm — There isn’t much in the way of significant changes in the U.S. Department of Agriculture’s (USDA) attaché reports on grain production in Australia and Canada. USDA’s Global Agricultural Information Network (GAIN) office in Canberra pegged Australia’s wheat production for 2022-23 at 37 million tonnes, 400,000 more than the official USDA estimate. In comparison, […] Read more
USDA sees little change in Australian, Canadian wheat output
U.S. grains: Soy futures weak, corn firm
Wheat mixed ahead of weekend
Chicago | Reuters — U.S. soybean futures fell on Friday on expectations that recent rains in Argentina boosted crop potential from that key South American exporter, traders said. Wheat futures were mixed, with the most-active Chicago Board of Trade soft red winter wheat contract sagging on position squaring after notching its biggest weekly gain in […] Read more
U.S. livestock: Hog futures drop on plentiful supplies
Live cattle steady to weak
Chicago | Reuters — U.S. hog futures eased on Friday, with ample supplies weighing on prices due to a heavy pace of slaughter this year. Live cattle futures were steady to weak in rangebound trade, with light activity in the cash market hanging over prices. February lean hog futures dropped 1.15 cents, to 75.875 cents/lb., […] Read more
U.S. wants WTO dispute system fixed by 2024
Appeals body frozen since Trump era; Washington 'very committed' to reform
Geneva | Reuters — The United States is entering a third phase of talks with countries to reform the World Trade Organization’s (WTO) hobbled trade dispute arbitration system and aims for it to be “fully functioning” by the end of 2024, the U.S. ambassador to the WTO told Reuters on Thursday. The WTO’s appeals bench, […] Read more
Imperial Oil clears Edmonton renewable diesel plant for construction
Quick decision motivated in part by need for feedstocks such as canola oil, company says
Reuters — Imperial Oil on Thursday announced approval for an investment of $720 million to build Canada’s largest renewable diesel facility at its Strathcona refinery near Edmonton. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. Imperial expects regulatory approval for […] Read more
Potato storage research to get boost
A federal-provincial investment goes to improve an existing storage facility at the University of Manitoba
Manitoba’s potato research landscape is getting a funding injection to improve infrastructure. The governments of Canada and Manitoba are investing $98,970 through the Canadian Agricultural Partnership to upgrade the University of Manitoba’s horticulture storage facility so it can conduct potato research. Federal Agriculture Minister Marie-Claude Bibeau and provincial Agriculture Minister Derek Johnson made the announcement […] Read more
Feed weekly outlook: Barley, wheat prices continue downward
Oats, canola meal also bound for feedlots
MarketsFarm — As colder temperatures descend onto the Prairies, buying activity for feed barley and wheat was just as frigid. “A lot of guys are fairly caught up with purchasing,” said Mike Fleischhauer of Eagle Commodities Inc. in Lethbridge. “You see the prices of wheat and barley start to trickle down a little bit. Corn’s […] Read more
U.S. grains: Wheat, soy, corn up on strong export report
South America crop progress limits corn, soy gains
Chicago | Reuters — U.S. wheat, corn and soybeans jumped on Thursday on support from a government report that showed strong overseas demand for all three commodities, traders said. “We had some decent export sales compared to what we have seen the last few weeks and that trend, particularly for corn and wheat, is likely […] Read more
U.S. livestock: Hog futures up off lowest since December 2021
Cattle futures down with cash markets
Chicago | Reuters — U.S. hog futures rose on Thursday as strength in cash markets and rising export demand sparked a round of bargain buying after prices hit their lowest in more than a year. But weakness in the cash markets weighed on cattle futures. The U.S. Agriculture Department said on Thursday morning that export […] Read more
Saskatchewan holds Crown grazing rents at last year’s levels
Also, leaseholders on drought-downgraded land eligible for rate cut
Cattle producers leasing Crown land for grazing in Saskatchewan won’t see a rate hike this year and may be eligible for a significant rate cut. The provincial government announced Wednesday it has frozen the rates charged to producers who lease Crown grazing land in 2023 at their 2022 level. The freeze will apply to all […] Read more
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