Reuters — Ford Motor Co. said Tuesday it would raise the prices of its electric F-150 Lightning pickup as the U.S. carmaker deals with surging raw material costs. The automaker said prices for its 2023 F-150 lightning will be increased in the range of $6,000 and $8,500 depending on the variant, with the cheapest Pro […] Read more
Ford raises prices of electric F-150 amid high commodity costs
U.S. livestock: Cattle futures dip in technical, profit-taking pullback
CME hogs end day mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday in a technical-selling and profit-taking setback from 3-1/2 month highs posted in the prior session. Sharply lower feeder cattle futures amid higher corn feed costs put further pressure on live cattle contracts, as both livestock markets took a breather after scaling to […] Read more
Fairfax proposes takeover of Recipe dining group
Chains include The Keg, Swiss Chalet, Harvey's
Reuters — Recipe Unlimited Corp. said on Tuesday shareholder and investment firm Fairfax Financial Holdings has proposed to take the Canadian restaurant operator private for $1.23 billion, sending its shares up nearly 50 per cent. The offer price marks a premium of more than 53 per cent to Recipe’s last close. The shares have fallen […] Read more
U.S. grains: Corn, soybeans gain as U.S. crop ratings decline
Restart of Ukraine sea exports anchors wheat
Chicago | Reuters — U.S. corn and soybean futures climbed to their highest in more than a week on Tuesday on lower weekly U.S. crop condition ratings and worries that hot, dry weather in the western Midwest forecast would continue to stress crops. Wheat was also firmer as the dollar softened, although gains were limited […] Read more
Pulse weekly outlook: India extends lentil tariff suspension
Canada's 2022 crop looks nearer to normal
MarketsFarm — The decision by India’s government to continue with a suspension of import tariffs on lentils has been met with a sigh of relief from Pulse Canada. On Feb. 12, India removed an 11 per cent tariff on Canadian lentils, just seven months after reducing the same tariff from 33 per cent. On July […] Read more
Foxconn to build autonomous electric tractors in Ohio
Tech firm to make units for U.S.-based Monarch
Reuters — Taiwan’s Foxconn, the world’s largest contract electronics maker, on Tuesday said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio facility starting in early 2023. The announcement comes as heavy machinery manufacturers, including Deere and Agco, set their sights on the electric vehicle market as the U.S. agriculture […] Read more
Sierra Leone passes new laws to boost landowners’ rights
Freetown | Reuters — Sierra Leone’s parliament on Monday passed two laws that lawyers say will help boost the rights of rural landowners and women against land grabs by big mining and agribusiness firms. The West African country has a history of sometimes deadly conflict between local communities and foreign companies that have cleared huge […] Read more
Ukraine’s first outbound corn cargo refused by buyer
Buyer cites months of delay, embassy says
Istanbul | Reuters — The Razoni, the first ship to depart Ukraine under a U.N.-brokered deal, is looking for another port to unload its grain cargo as the initial Lebanese buyer refused delivery citing a more than five-month delay, Ukraine’s embassy in Lebanon said Monday. “According to the information provided by the shipper of the […] Read more
Russia, Ukraine agree to protect Ukraine grain shipping channel
London/New York | Reuters — Ships exporting Ukraine grain through the Black Sea will be protected by a 10-nautical mile buffer zone, according to long-awaited procedures agreed by Russia, Ukraine, Turkey and the United Nations on Monday and seen by Reuters. The United Nations and Turkey brokered a deal last month after Russia’s Feb. 24 […] Read more
Klassen: Alberta yearling market makes fresh 52-week high
The western Canadian feeder cattle market is in price discovery mode. There was a light test of yearlings and calves this past week, with prices setting fresh 52-week highs. New-crop supplies of grass cattle are coming on the market from drier pockets of Alberta. At the same time, regular feedlot backgrounded replacements are trading at […] Read more
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