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CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs climb on strong pork exports, wholesale prices

Packer margins, wholesale beef prices support live cattle futures

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Chicago | Reuters — U.S. lean hog futures rose on Thursday as bullish weekly U.S. pork export data and rising wholesale prices overshadowed worries about a slowdown in the U.S. hog slaughter pace backing up hog supplies, traders said. “You’ve got a combination of export sales being strong (and) the wholesale market trading very firm […] Read more
CBOT July 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans up on export demand, month-end position-squaring

Strong weekly U.S. export sales data also supports corn, wheat

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Chicago | Reuters — U.S. soybean futures rose more than two per cent on Thursday, the biggest single-day advance in a month, on strong weekly export sales and news of fresh demand from top global soy buyer China, analysts said. Corn futures firmed for a second day on strong export sales and signs the worst […] Read more
CBOT July 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soybean futures down off gains

Chicago wheat also weak

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Chicago | Reuters — U.S. corn and soybean futures fell on Friday after three straight days of gains as investors took some risk out of the market due to demand uncertainty stemming from the global coronavirus pandemic, traders said. Wheat futures also were lower, with forecasts for some rain in key production areas of Europe […] Read more
(Kelli Jo/iStock/Getty Images)
Hogs, Livestock, Markets

Pig farmers seek aid of $20 per hog against market crash

Losses of $675 million expected from COVID-19-related causes

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Canada’s hog producers seek an immediate federal cash injection equivalent to $20 per hog against a market crash that’s expected to cost their sector about $675 million overall. Officials with the Canadian Pork Council on Thursday called for Ottawa to provide further aid to hog farmers who are now expecting to lose $30 to more […] Read more
Fresh bread in Egypt. (Goldream/iStock/Getty Images)
General, Markets, Reuters

G20 ag ministers say COVID-19 measures shouldn’t disrupt food supply

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Dubai | Reuters — Agriculture and food ministers from the Group of 20 (G20) countries agreed at a virtual meeting on Tuesday that emergency measures to stop the spread of the COVID-19 coronavirus must not upend global food supply chains. Their extraordinary meeting came as coronavirus lockdowns across the world slow global food supply chains, […] Read more
(ArmadaFoods.com)
Crops, Lentils, Markets, Pulses

Pulse weekly outlook: Turkey may see larger red lentil crop

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MarketsFarm — Turkey is expecting to see an increase in lentil production in 2020, according to a processor in the country. White bean production is also expected to rise, although chickpea production could be down slightly on the year. Fethi Sonmez, CEO of Turkey-based Armada Foods, expects to see red lentil production in the country […] Read more
A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)
Crops, Markets, Reuters

USDA raises corn, soy, wheat supply outlook

Ending stocks expected up on slowing export demand

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Chicago | Reuters — The U.S. Agriculture Department raised its outlook for domestic supplies of corn on Thursday on expectations for reduced usage by ethanol producers, as demand for the alternative fuel has been cratering due to the spread of the COVID-19 coronavirus. The government also bumped up its wheat and soybean ending stocks view […] Read more
Barley. (Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Strong demand supports prices

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MarketsFarm — Feed grain prices on the Prairies have been stronger, and well supported by strong demand. Nelson Neumann of Agfinity in Lethbridge said strong feed barley prices were due to an uptick in exports from the Prairie provinces. “That provided a nice support to the price floor,” he said, noting market participants had previously […] Read more
A cargo ship is loaded with Brazilian soybeans bound for China. (Photo: Reuters/Paulo Whitaker)
General, Markets

Trade pacts, food policy on AAFC’s agenda for 2020-21

Department also plans to back collaborative research between farmers, scientists

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Improving international trade and introducing the new food policy highlight Agriculture and Agri-Food Canada’s (AAFC) plans for the next year. In its 2020-21 departmental plan, which sets priorities for the upcoming year, AAFC says it will “continue to assist the sector to take advantage of market opportunities and maintain or improve access to international markets, […] Read more

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