Warmer than normal temperatures are expected across all of Canada through the winter months, with average precipitation for most of the agricultural areas of the Prairies, according to the latest long-range seasonal forecast from Environment and Climate Change Canada, released Dec. 31.
Warmer winter likely across Canada
High probability of warm spring to follow, long-range forecast shows
Most lentil prices at year highs as 2023 closes
Little movement among Western lentils as New Year dawns
With the New Year, there was scarce price movement among the lentils in Western Canada, according to Prairie Ag Hotwire. A number of lentil varieties saw the upper end of their price range hit highs as 2023 drew to a close.
Funds holding large net short in canola heading into 2024
Corn traders were covering shorts and putting on some new longs as New Year rolled in
The net short position in canola futures was sitting near its largest levels on record to end 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Hepworth honoured for agricultural achievements
The London, Ont. resident started as a Sask. farmer and vet before moving to politics, then research
Lorne Hepworth, former Saskatchewan agriculture minister and current chair of the Agriculture Research Institute of Ontario, has been named a member of the Order of Canada.
Commodity prices to remain high in 2024, drop in 2025 – HSBC
Most agricultural products expected to outperform energy, industrial metals amid supply constraints, dry weather
Squeezed supply, improved Chinese demand and the global energy transition will keep commodity prices elevated in 2024, before falling the following year, forecasted British banking group HSBC today.
Klassen: Feeder market quiets at year-end
Feeding margins have moved into negative territory, setting a negative tone for replacements
The last full week of 2023 was characterized by lower volumes and limited buying interest. Feedlot operators don’t want to weigh down schedules of hired hands over the holidays. Many auction barns were closed for the season while some held bred cows and bred heifer sales.
U.S. livestock: CME cattle, lean hog futures mixed to lower
China's beef purchases supports live cattle
Chicago Mercantile Exchange (CME) livestock futures were mostly mixed to lower on Friday, on limited technical trading and less-than-robust beef export news ahead of the New Year's holiday.
USDA November soy crush estimated at 199.7 million bushels
The U.S. crush topped 200 million bushels in October for the first time ever
The U.S. soybean crush likely eased slightly to 5.991 million short tons in November, or 199.7 million bushels, while soyoil stocks rose, according to analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report.
U.S. grains: Corn closes with biggest yearly loss in a decade
Wheat, soy decline on bumper Brazil harvest, resilient Black Sea trade
Chicago corn closed on Friday with its biggest yearly drop in a decade while wheat and soybeans also posted steep annual declines after bumper harvests in Brazil and resilient Black Sea trade tempered concerns about weather and war.
Smaller U.S. swine herd likely as Prop 12 takes effect, think tank says
Canadian pork sector concerned the animal welfare law will act as a non-tariff trade barrier
The cost of compliance with a California animal welfare law, which takes full effect on New Year’s Day, will likely shrink the U.S. national hog herd and lead to further consolidation, a Washington State think tank says. “No one will be spared the change in market pressures,” wrote Pam Lewison, director for the Washington Policy […] Read more
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