Chicago | Reuters — U.S. wheat futures rebounded on Thursday from two days of declines on concerns that a Black Sea export corridor deal may not be renewed next month, which could again disrupt grain shipments from Ukraine. Corn and soybeans pared earlier losses on spillover support from wheat and follow-through buying after the U.S. […] Read more
U.S. grains: Wheat rallies as Russia threatens to quit Black Sea deal
Corn, soybeans pare losses as wheat gains
Barlow remains ag critic in Conservatives’ new shadow cabinet
Poilievre also names two associate critics for ag file
The federal Conservatives’ point person on agriculture will remain at that post under the party’s new leader. John Barlow, MP for the southwestern Alberta riding of Foothills, was named Wednesday as the Conservatives’ “shadow minister” for agriculture, agri-food and food security. Pierre Poilievre, who was named Sept. 10 as the official opposition party’s new leader, […] Read more
Farmers get week to dispute grain grade, dockage
Window widened following consultations
Prairie farmers who want to dispute a grain elevator’s call on their grain’s grade and dockage now officially have up to a week to do so. The Canadian Grain Commission on Oct. 3 announced amendments to the Canada Grain Regulations are now in effect allowing grain growers more time — seven calendar days, to be […] Read more
DLF Pickseed to shed ‘Pickseed’
Danish firm streamlines North American brand
A historic Canadian name in the forage seed business is about to end its run, as its owner tightens up its branding in North America. Danish forage and turf seed firm DLF announced Oct. 6 it has “unified its brand and business” under that name, dropping the “DLF Pickseed” moniker it had used in North […] Read more
Manitoba’s harvest 79 per cent complete, report says
Cereal harvest wrapped in most areas
MarketsFarm — Harvest operations across Manitoba were 79 per cent complete as of Tuesday, according to the latest crop report from the provincial agriculture department. That figure was up from 63 per cent the previous week, but two weeks off the five-year average of 89 per cent. Harvest progress was the most advanced in central […] Read more
CBOT weekly outlook: October USDA report delivers few major changes
Soy could see 'a few more days' higher
MarketsFarm — For the most part, the latest monthly supply and demand report from the U.S. Department of Agriculture provided little in terms of major changes from its September report. USDA issued its October world agriculture supply and demand estimates (WASDE) during the late morning Wednesday, with much of the data fairly close to market […] Read more
U.S. livestock: Live cattle mostly up with consumption forecast
Chicago lean hogs also up on day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mostly firmer on Wednesday as wholesale beef prices stabilized after a recent slide and as a monthly government report helped to temper concerns about waning consumption. Gains were capped by eroding beef packer margins, although cattle demand is likely to remain high this week […] Read more
U.S. grains: USDA cuts soy, corn crop outlooks, trims demand
Large Russian wheat supplies temper war worries
Chicago | Reuters — U.S. soybean futures jumped to a two-week high on Wednesday after the U.S. Department of Agriculture (USDA) unexpectedly cut its U.S. harvest forecast and raised imports by top soy buyer China in a monthly report. Soybean price gains were held in check, however, by expectations for large South American crops that […] Read more
ICE weekly outlook: Canola’s wide crush margins supportive
MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, but historically wide crush margins should keep the market well supported going forward. “The crush margins are unsustainably high,” said Ken Ball of PI Financial in Winnipeg, pointing to margins that currently work out to over $200 per tonne […] Read more
Klassen: Stronger barley prices limit upside for feeder cattle complex
Feedlot operators make barley purchases, price feeder cattle accordingly
Compared to last week, western Canadian yearling markets traded $2 higher to as much as $5 lower. A softer tone was noted on yearlings in the eastern Prairie regions. Calf prices were steady to $4 lower on average compared to seven days earlier. Quality yearling packages fresh off grass held value but backgrounded heavier replacements […] Read more
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