Chicago | Reuters — U.S. wheat and corn futures rallied on Monday after a weekend attack that temporarily shut down key port for Ukrainian exports raised concerns about disruptions to grain shipments, traders said. Soybean futures dropped following rains in Argentina that alleviated concerns about crop shortfalls from that key export country. News that the […] Read more
U.S. grains: Wheat, corn up on Black Sea export concerns
Chicago January soy falls
U.S. livestock: CME February hogs hit two-month low
China COVID-19 concerns a factor; live cattle close higher
Chicago | Reuters — CME live hog futures fell to a two-month low on Monday, notching their fifth straight day of declines on concerns that Chinese pork consumption will fall during the country’s upcoming Lunar New Year celebrations, traders said. Cattle futures were firm, with strength in the cash market underpinning prices. Weakness in Chinese […] Read more
Prairie cash wheat: U.S. futures drag on bids
Futures drop to multi-month lows
MarketsFarm — Wheat futures on the Chicago Board of Trade (CBOT) hit multi-month lows, which put pressure on Western Canadian wheat bids, during the week ended Thursday. Despite tighter wheat supplies in the U.S. and worldwide compared to last year, as well as the ongoing Russian invasion of Ukraine, wheat futures reached depths which weren’t […] Read more
Belarus to allow Ukraine grain transit with no preconditions, U.N. says
Belarus still wants sanctions lifted off fertilizer
United Nations | Reuters — Belarus told the United Nations on Friday that it would allow, without preconditions, the transit of grain from Ukraine through its territory for export from Lithuanian ports, a U.N. spokesman said. Belarus, used by its ally Russia as a staging ground for Moscow’s Feb. 24 invasion of Ukraine, said in […] Read more
U.S. lawmakers call for action over Mexico’s GM corn ban
Mexico says it's working on revisions
Mexico City | Reuters — A group of bipartisan U.S. lawmakers called on Trade Representative Katherine Tai on Friday to start consultations under the Canada-U.S.Mexico trade agreement (CUSMA) over Mexico’s ban on genetically modified (GM) corn and the herbicide glyphosate. The letter signed by 24 members of Congress and led by Republican Representative Adrian Smith […] Read more
U.S. grains: Soybeans ease on global stocks
Exports, South American weather underpin soy; corn steady
Chicago | Reuters — Chicago soybeans eased on Friday after the U.S. Department of Agriculture (USDA) increased its estimate of global ending stocks, though strong exports and South American weather concerns underpinned the market. Corn traded both sides of even, despite an increase in U.S. stockpiles, while wheat eased. The most-active soybean contract on the […] Read more
U.S. livestock: CME live cattle firm on cash resiliency
Lean hogs down on supply outlook
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange climbed on Friday, supported by resilient cash cattle prices across the U.S. Plains this week, traders said. “We had cash come right back,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. “Cash was a dollar better in the south.” Cash […] Read more
USDA supply/demand estimates show only minor updates
MarketsFarm — Updated supply-and-demand (WASDE) tables from the U.S. Department of Agriculture included only minimal adjustments to the U.S. and world numbers, with larger revisions likely in the New Year. U.S. soybean and wheat ending stocks projections for the current marketing year were left unchanged, while the corn number was raised slightly. Total U.S. corn […] Read more
Former Mission, B.C. mayor named province’s ag minister
Pam Alexis handling agriculture; Lana Popham moves to tourism file
A rookie MLA and former city mayor from British Columbia’s farming-rich Fraser Valley has been named as the province’s new minister of agriculture and food. Premier David Eby, who assumed the post last month following John Horgan’s resignation, on Wednesday shuffled the provincial cabinet and named Abbotsford-Mission MLA Pam Alexis to handle the ag and […] Read more
Feed weekly outlook: Wheat, barley eschewed for other grains
Oats, corn finding demand as feed
MarketsFarm — Feed wheat and barley prices in Alberta’s feedlot alley are coming down, largely due to the increasing presence of corn imported from the U.S. The high-delivered bid for Alberta feed barley on Wednesday was $9.80 per bushel, 11 cents lower than the previous week and 22 cents lower than one month earlier, according […] Read more
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