As of June 11, 2024, the net managed money short position in canola futures came in at 99,252 contracts (1,950 long/101,202 short), which was up by roughly 30,000 contracts from the previous week.
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Canola fund short position climbs higher
EU regulators to decide on Bunge and Viterra merger by July 18
U.S. grains merchant Bunge BG. and Glencore-backed Viterra's plan to create a $34 billion agricultural trading giant will be decided by EU antitrust regulators by July 18, a European Commission filing showed on Monday.
Prairie soil scientist and author Les Henry, 83
Henry's outreach to farmers spanned more than half a century
Glacier FarmMedia — Saskatchewan soil scientist Les Henry, well known for his work on improving Prairie farmland and his outreach to Prairie farmers in the pages of Grainews, has died. Ending a long fight with congestive heart failure, Henry died Friday in Saskatoon at age 83, having continued to write until very shortly before his […] Read more
U.S. livestock: CME hogs rally after contract lows; cattle futures jump
Chicago | Reuters – Lean hog futures rallied at the Chicago Mercantile Exchange on Friday after falling earlier to contract lows under pressure from increased U.S. production. Cattle futures also climbed. A rise in wholesale prices for U.S. pork helped trigger the turnaround in hogs, analysts said. The U.S. Department of Agriculture priced the pork carcass cutout […] Read more
U.S. grains: Corn retreats from two-week high on mixed weather outlook
Chicago | Reuters – Chicago Board of Trade corn futures eased on Friday, a day after hitting a two-week high, as global crop weather looked mixed, analysts said. Wheat and soybean futures also declined, with the strong dollar making U.S. farm products less attractive to importers. Traders are monitoring U.S. weather as corn crops approach a […] Read more
Seeding in Alberta nearly complete, with strong emergence
Spring planting in Alberta was virtually complete according to the province’s latest crop report. As of June 11, seeding in Alberta was a smidge under 100 per cent complete provincewide and on par with the five-year average. The Peace River Region ranked 100 per cent complete for its major crops, while the south, central, northeast […] Read more
Feds announce early livestock tax deferral
Livestock producers in drought-affected areas are getting and early livestock tax deferral (LTD) for the 2024 season. The federal government said the situation has become more challenging for producers due to climate change, when announcing a list of regions eligible for the deferral on June 14. The LTD allows producers in designated areas, who were […] Read more
Prairie Wheat Weekly: Prairie wheat bids trend lower with U.S. futures
Spring wheat bids in Western Canada fell sharply lower during the week ended June 13, seeing a continuation of the previous week’s declines as losses in the United States futures weighed on values. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by C$16.00 to C$18.40 per tonne across the Prairies, according […] Read more
EU pork industry faces ‘nightmare’ if China restricts imports
Hamburg | Reuters – Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday. Chinese firms have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media reported on Friday, escalating tensions after the bloc […] Read more
Pasteurization may not clear bird flu virus from heavily infected milk
Reuters – In raw milk samples spiked with high amounts of bird flu virus, small amounts of infectious virus were still detectable after treatment with a standard pasteurization method, researchers said on Friday. The findings reflect experimental conditions in a laboratory and should not be used to draw any conclusions about the safety of the […] Read more
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