An independent crop input retail chain in western Saskatchewan is set to become part of agrifood firm J.R. Simplot’s retail arm. Simplot announced Nov. 15 it has a deal in place to buy G-Mac’s AgTeam, which owns and operates 15 outlets in the region, for an undisclosed sum. The deal, which will see the G-Mac’s […] Read more
Simplot to buy western Saskatchewan ag retail chain
G-Mac's AgTeam to rebrand under Simplot name
U.S. livestock: CME live cattle, lean hogs ease
Beef supply drawdown 'quite substantial' in October
Chicago | Reuters — Live cattle futures at the Chicago Mercantile Exchange fell on Wednesday during thin pre-Thanksgiving trade, though analysts said market fundamentals remains supportive. The Chicago Board of Trade (CBOT) will be closed on Thursday for the U.S. Thanksgiving holiday. Reductions in beef cold storage supplies last month should be supportive after the […] Read more
ICE weekly outlook: Canola’s sideways market nears low end of range
January down last six sessions
MarketsFarm — ICE Futures canola contracts slid lower during the week ended Wednesday but remain stuck in a sideways trading range overall. The January contract has held within a range from $800 to $900 per tonne for the past five months, with the market still well within that range despite losing over $50 per tonne […] Read more
CBOT weekly outlook: Renewed agreement puts pressure on corn, wheat
Soy trade focused on Brazil's crop potential
MarketsFarm — A renewed agreement between Russia and Ukraine to allow the latter’s grain to be shipped out of the Black Sea has recently been putting pressure on corn and wheat prices at the Chicago Board of Trade (CBOT). Russia and Ukraine, with mediation from the United Nations and Turkey, agreed Nov. 17 to an […] Read more
Mustard production, prices up
Demand steady, unlikely to change
MarketsFarm — If Agriculture and Agri-Food Canada’s (AAFC) latest monthly principal field crop estimates hold true, mustard is having a bounce-back year. High prices for the seed led to nearly double the acres planted for the 2022-23 marketing year at 556,000, compared to 289,000 the previous year. As a result, 177,000 tonnes were produced in […] Read more
U.S. grains: Soybeans, grains turn higher ahead of U.S. Thanksgiving
Wheat rises as investors position ahead of holiday
Chicago | Reuters — Chicago soybean and grain futures ended higher on Wednesday, as traders looked to even up their positions before the market closes for the U.S. Thanksgiving holiday and ahead of a short trading day on Friday, analysts said. Corn futures strengthened, as the market eyed dry weather forecasts that may cause more […] Read more
Ocean freight rates under pressure
Container rates also lower
MarketsFarm — Ocean freight rates have come under pressure over the past month, nearing their lowest levels of 2022 as mounting COVID-19 cases in China, along with increased restrictions in the country, have contributed to concerns over declining demand. The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, settled at 1,149 points […] Read more
Bird flu pressure bears down on B.C. farms
High-path flu hits 13 commercial farms in Fraser Valley within past week
Commercial poultry farmers in British Columbia’s Fraser Valley have come out the worst so far this month in Canada’s year-long fight with highly pathogenic avian influenza. Since Wednesday last week, that region alone has seen outbreaks on 13 commercial poultry farms: nine at Abbotsford, three at Chillwack and one in the District of Kent. That’s […] Read more
Pulse weekly outlook: AAFC revises dry pea projections
MarketsFarm — Among the changes Agriculture and Agri-Food Canada (AAFC) made in its November supply and demand report, issued Friday, the most notable were among the dry peas. The revisions that stood out the most were 2022-23 dry pea exports being cut by 200,000 tonnes at 2.5 million, while domestic usage was bumped up 50,000 […] Read more
U.S. grains: Futures slip on rail strike threat, EU wheat talk
U.S. winter crop ratings at lowest since at least 1986
Chicago | Reuters — Chicago Board of Trade grain futures fell on Tuesday, amid growing concern over a possible U.S. rail strike and market speculation that U.S. grain buyers were purchasing European Union wheat, traders said. French wheat sales to China and the prospect of Polish or German wheat being booked in the United States […] Read more
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