Feed grain bids in the Lethbridge area were finding some support in early May as farmers in the region focus their attention on spring seeding.
Daily news
Feed grain weekly: Seeding well underway in Alberta
Attaché projects small increases in Argentina soybeans
Soybean production in Argentina has been projected to increase slightly in 2024/25, according to the United States Department of Agriculture attaché in Buenos Aires.
Ag tech venture capital stays on sidelines
Entrepreneurs need patience, more plan to achieve profitability to unlock investment
Agriculture venture capital investment was an outlier in 2023, as it increased slightly over 2022, according to the Canadian Venture Capital Association (CVCA). However, that news belied pessimism on the state of ag tech at the recent Agri Tech Venture Forum in Toronto. The forum heard that the availability of capital for agriculture technology entrepreneurs has dried up significantly compared to the heady days of investment growth during the pandemic years.
CNH Industrial cuts 2024 profit view as soft agriculture demand bites
CNH Industrial cut its annual profit forecast on Thursday, squeezed by slowing demand for its tractors and farm equipment as choppy crop prices and higher borrowing costs hinder farmers from making big-ticket farming purchases.
U.S. livestock: Bird-flu testing of US ground beef sinks CME cattle futures
Chicago Mercantile Exchange cattle futures took a dive on Wednesday on concerns that U.S. government tests of ground beef for the bird flu virus will harm consumer demand.
Don’t let furry friends fall to bird flu
Cats reported sick, dying from H5N1 infection; CFIA offers tips to help keep pets safe
According to the CFIA, animals that hunt, scavenge or otherwise consume infected birds are at risk. For example, cats that go outdoors may hunt and consume an infected bird. Dogs may scavenge dead birds. “If your pet has found a sick or dead bird or other wildlife, report it to your regional avian influenza hotline or the Canadian Wildlife Health Cooperative,” advises the CFIA.
U.S. grains: Wheat resumes fall after rain, soy up on technical trading
Chicago Board of Trade (CBOT) benchmark wheat futures fell on Wednesday after ticking up in the early session as much-needed rainfall reaches key wheat-growing areas of the U.S. Plains and southern Russia.
Railway strike vote dismays farmers
Grain Growers of Canada calls on railways, workers to resolve their differences
Grain Growers of Canada is sounding the alarm over a potential strike by workers at both of the country’s major railways.
ICE Canada Weekly: Almost no chance of bullish path for canola
There are simply too many bearish factors that continue to weigh on canola values, leaving the oilseed unable make any sort of turnaround in early May, according to Tony Tryhuk of RBC Dominion Securities in Winnipeg.
CBOT soybeans/corn rangebound, watching weather
Shifting weather forecasts have the potential to sway soybean and corn futures within sideways trading ranges over the next few weeks as farmers in the United States focus on spring seeding.
Cyber-Savvy Farmer
