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Crops, Markets, Reuters

U.S. grains: Wheat climbs three per cent in rally from one-month lows; soy, corn sag

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Chicago | Reuters – U.S. wheat futures rallied on Tuesday after a nine-session slide, with the benchmark Chicago Board of Trade (CBOT) July WN24 wheat contract lifted by bargain buying and renewed worries about crops in top global exporter Russia, brokers said. CBOT soybean and corn futures declined as market players awaited fresh direction from monthly […] Read more
A helicopter dumps water on a forest fire in the Okanagan Valley, British Columbia. Photo: Thinkstock
News, Reuters, Weather

Canada forecasts hotter-than-average summer as peak wildfire season nears

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Reuters – Canada is expecting a hotter-than-usual summer with slightly below-average precipitation in central Canada, government officials said on Tuesday, offering little relief from ongoing drought and the risk of another bad wildfire season. Last year, Canada experienced its worst-ever fire season, with more than 6,600 blazes burning 15 million hectares, an area roughly seven […] Read more
Canadian chickpea exports in April were down from the previous month. Photo: File
Markets, Pulses

Pulse weekly: Canadian pulse exports slowing

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Glacier FarmMedia – Canadian pulse exports are showing signs of slowing down entering the final months of the 2023/24 marketing year, as end users turn their attention to the looming availability of new crop supplies. Canada has exported 1.286 million tonnes of lentils during the crop year-to-date, running about 25 per cent behind the pace […] Read more
With the higher taxes leading to increased costs for transferring a farm to the next generation, “this puts the family farm at risk,” says the Executive Director of Grain Growers of Canada. Photo: MJ_Prototype/iStock/Getty Images
News

Family farms at risk from higher capital gains rates: GGC

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[UPDATED: June 11, 2024] Glacier FarmMedia – Looming changes to Canada’s capital gains inclusion rates will increase average taxes by 30 per cent on the country’s family-run grain farms, putting their futures at risk, according to research conducted by the Grain Growers of Canada (GGC). “Our research shows that an average grain farm in Canada, […] Read more
Graphic: Agriculture and Agri-Food Canada
Weather

Canadian drought conditions improve: AAFC

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Shifting weather patterns helped drought conditions significantly improve across much of Canada in May, with the most significant improvements seen through the southern Prairies where an upper-level low provided cooler and unsettled conditions bringing well above-normal precipitation, according to the latest drought monitor report from Agriculture and Agri-Food Canada showing conditions as of May 31. […] Read more
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Crops, Markets, Reuters

U.S. grains: Wheat to 1-month low on harvest pressure; corn, soybeans firm

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Chicago | Reuters – U.S. wheat futures hit their lowest in more than a month on Monday on seasonal pressure from the expanding Northern Hemisphere harvest and declining Russian wheat prices, analysts said. Corn and soybean futures firmed, consolidating after last week’s multi-week lows as traders awaited updated weekly U.S. crop ratings. On the Chicago […] Read more
Jodie Griffin, program coordinator for the Livestock Price Insurance program, presents at the SSGA AGM. Photo: Melissa Jeffers-Bezan
Beef Cattle, Livestock

Livestock Price Insurance coming to maritime producers

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At the Saskatchewan Stock Growers Association (SSGA) conference on June 10 in Swift Current, Sask., Canadian Cattle Association (CCA) vice president Tyler Fulton highlighted the expansion of Livestock Price Insurance, which will be available to producers in Eastern Canada. Initially announced in February, the expansion will finally come into effect sometime this week. “It’s something […] Read more
Photo: Allan Dawson/File
Crops

Seeding very close to wrapping up in Alberta

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Spring planting in Alberta has almost wrapped up for this year, with the agriculture ministry pegging it at 97 per cent complete province-wide as of June 4. Seeding advanced 20 points on the week with the pace at the five-year average. The greatest overall progress was made in northeastern, northwestern and central Alberta. The northeast […] Read more
Open interest in the canola market was down by 14,880 contracts on the week. Photo: File
Markets

Fund short position grows in canola

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Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more

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