Daily News from Glacier Farm Media Network

Prairie forecast: Mild weather returns

Forecast issued Nov. 6, covering Nov. 6 to 13, 2024

By Daniel Bezte November 6, 2024

The weather models are showing an area of low pressure tracking across northern Canada on Wednesday and Thursday. This, combined with a digging trough of low pressure off the West Coast, will open the door for mild air to flood across the Prairies—first from the Pacific then from the western U.S.

A view shows a hat in support of Republican Donald Trump, after he won the U.S. presidential election, at the New York Stock Exchange (NYSE) in New York City, U.S., November 6, 2024. REUTERS/Andrew Kelly

News

Trump election could intensify pressures on Canadian agriculture, experts say

By Jonah Grignon November 6, 2024

The morning after Donald Trump's election to his second term as U.S. president, Canadian farm and food leaders are considering how this could shift trade priorities for Canadian agri-food.

Surrounded by family members and supporters, Donald Trump makes his acceptance speech at his Election Night Watch Party at the Palm Beach County Convention Center after being elected the 47th President of the United States November 5, 2024. Photo: USA TODAY NETWORK via Reuters Connect

Markets, News, Reuters

Global commodity markets react to Trump victory

Election results expected to have deep, immediate effects on global economies

By Reuters November 6, 2024

Commodities from grains, to oil and gas dropped on Wednesday morning as the U.S. dollar rallied and victory for Republican Donald Trump in the U.S. presidential election stoked concerns about tariffs and economic growth.

Markets, Reuters

U.S. livestock: Lean hogs hit one-week low, pork belly values fall

By Reuters, Tom Polansek November 5, 2024

Chicago Mercantile Exchange lean hog futures fell to their lowest level in more than a week on Tuesday as profit-taking extended the market's setback from contract highs last week, analysts said.

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Markets, Reuters

U.S. grains: Soybeans, corn creep higher as traders await US election results

By Reuters, Tom Polansek November 5, 2024

Chicago Board of Trade soybean and corn futures edged higher on Tuesday as traders adjusted positions and moved to the sidelines while awaiting results from the U.S. presidential election.

Markets

Canola speculative short position smallest in year

By Phil Franz-Warkentin November 5, 2024

Speculators were busy covering short positions and moving more money to the long side of the canola market during the week ended Oct. 29, taking the net short position in the oilseed to its lowest level in over a year, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

General, Markets, News

Hub International acquires Global Ag Risk Solutions

By Glen Hallick - MarketsFarm November 5, 2024

Global insurance brokerage and financial services firm Hub International Limited (Hub) announced on Tuesday it has acquired Global Ag Risk Solutions Corp. and Global Ag Weather Solutions Corp. known as Parametric Ag (collectively, Global Ag Risk Solutions).

China’s pork production in the third quarter fell 0.8 per cent from a year earlier, government data showed on Friday, falling on an annual basis for a third consecutive quarter as poor meat consumption hampered slaughter rates. Photo: Deyanarobova/iStock/Getty Images

Hogs, Livestock, News

Pork representatives meet with parliamentarians

By Adam Peleshaty November 5, 2024

Representatives from the Canadian Meat Council and the Canadian Pork Council met with parliamentarians as well as government and industry officials in Ottawa earlier this week.

News, Reuters

West coast ports shutdown enters second day

By Ed White, Reuters November 5, 2024

The British Columbia ports labour dispute continued on Tuesday, impacting exports at Canada's biggest port in Vancouver with no sign of negotiating progress.

Pulses

Pulse Weekly: Smaller chickpeas leading to lower prices

By Adam Peleshaty November 5, 2024

Western Canada produced a greater proportion of 8-mm Kabuli chickpeas in its 2024-25 chickpea crop than in other years, which may lead to a price gap between eight mm and nine mm chickpeas on the market.

Alberta Crop Report: Higher-than-average yields expected

U.S. livestock: Tight cattle supply helps CME futures rebound from collapse

U.S. grains: Soy futures post weekly loss on expectations for big U.S. crop

GFM Network News