Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) ended higher on Wednesday as expectations of tightening cattle supplies and a setback in grain prices sparked a round of buying, traders said. The most-active CME live cattle futures, for February delivery, settled up 1.2 cents at 154.25 cents/lb., a day after […] Read more
U.S. livestock: CME live cattle, lean hog futures end higher
Grain values' slip spurs buying
At least 12 killed in Nigeria attack over farmland
Gunmen appear in village in north
Abuja | Reuters — Gunmen have killed at least 12 people in an attack on a village in the northern Nigerian state of Plateau, residents and the state governor said on Wednesday, the latest deadly incident fuelled by growing pressure on land resources in the country. Violence between farmers and pastoralists has become increasingly common […] Read more
U.S. grains: Soybeans follow soybean oil lower
CBOT wheat, corn retreat
Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Wednesday, anchored by a profit-taking plunge in soyoil and crude oil futures, traders said. Wheat and corn futures declined on optimism about an extension of a deal to protect Black Sea exports, and as fears eased that the Ukraine war could escalate […] Read more
ICE weekly outlook: Premium showing in front-month canola
'Surge' of farmer selling expected in January
MarketsFarm — The ICE Futures canola market held rangebound during the week ended Nov. 16, with the widening premium of the nearby January contract over the March futures seen as a sign of good nearby demand. ICE January canola settled Wednesday at $882.40 per tonne, a $10.50 per tonne premium over the March contract. That […] Read more
CBOT weekly outlook: Cordonnier sees little change in U.S. corn, soy yields
MarketsFarm — As corn and soybean harvests in the United States wrap up for 2022-23, one analyst believes there will be little change in the yields determined by the U.S. Department of Agriculture (USDA). Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. said USDA’s November call of 172.3 bushels per acre […] Read more
Reasons for optimism seen on renewal for Ukraine grain deal
Deal set to roll over on Saturday
Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more
Lab-grown meat cleared for human consumption by U.S. regulator
FDA's review not technically approval
Washington | Reuters — The U.S. Food and Drug Administration (FDA) for the first time cleared a meat product grown from animal cells for human consumption, the agency announced on Wednesday. Upside Foods, a company that makes cell-cultured chicken by harvesting cells from live animals and using the cells to grow meat in stainless-steel tanks, […] Read more
Quebec Liberals’ new ag critic to also handle health file
Fortin to also handle regional development, forestry
A quick re-shuffling of shadow cabinet responsibilities will see the agriculture critic for Quebec’s provincial opposition Liberals now also handle the health file. The Liberals’ interim leader Marc Tanguay — who took over after the Nov. 7 resignation of Dominique Anglade following the Oct. 3 general election — announced Tuesday that Andre Fortin, the party’s […] Read more
Pulse weekly outlook: Chickpea prices rise amid tight supplies
Supplies still haven't recovered off 2021
MarketsFarm — Chickpea prices in Western Canada are on the rise due to tight supplies, according to one trader. Prices for Kabuli chickpeas rose five cents per pound from last month, with high-delivered bids ranging from 40 cents/lb. for the seven-millimetre variety to 55.5 cents/lb. for 10-mm, according to Prairie Ag Hotwire. In comparison to […] Read more
Cordonnier stands pat on South American crop projections
La Nina 'is still out there,' analyst says
MarketsFarm — At this point in the South American planting season it’s too early to get an accurate bead as to how much corn and soybeans will be grown in Brazil and Argentina, according to Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. Cordonnier recently issued his latest estimates, keeping his […] Read more