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Reginald Conyers, a traveling busker, plays the trumpet outside a Safeway while people observing social distancing wait in line to enter the store in Oakland on March 20, 2020. (Photo: Reuters/Kate Munsch)
Crops, Markets, Reuters

Panic buying, lockdowns may drive world food inflation

World has ample grain and oilseed supplies, FAO and analysts say

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Singapore | Reuters — Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior economist at FAO and agricultural analysts said. The world’s richest nations poured unprecedented aid into the global economy as […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Recent declines stoke export interest

CBOT May corn, soy, wheat all rally

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Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Thursday, supported by technical buying and hopes for a pick-up in export demand as recent price declines made U.S. supplies more attractive to overseas buyers. Corn was bouncing off the near 3-1/2-year low it hit on Wednesday after a rout in the energy […] Read more
(Dave Bedard photo)
Crops

Saskatchewan pares ag spending in estimates

Spending estimates released without revenue forecasts

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Saskatchewan expects to pull back its spending on agriculture by about $22.4 million in its 2020-21 budget year, mainly in a reduced outlay on business risk management (BRM) programs. Provincial Finance Minister Donna Harpauer on Wednesday tabled the province’s 2020-21 spending estimates with the “unusual step” of not including revenue forecasts, citing the current COVID-19 […] Read more
(Dave Bedard photo)
Crops, Machinery

No Prairie farm fuel shortages expected in pandemic

Continuity plans in place to keep fuel moving

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Prairie farmers shouldn’t see a disruption to their farm fuel distribution as a result of COVID-19 safety measures. “Our members are committed to minimizing disruptions to the Canadian fuel supply as a result of the pandemic response,” Canadian Fuels Association spokesperson Jason Vaillant said in an email. “Our members are working tirelessly to maintain operations […] Read more
(TysonFoods.com)
Livestock, Markets, Reuters

U.S. under pressure to keep slaughterhouses open

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Chicago | Reuters — The U.S. Department of Agriculture is seeking to reassure meat producers it will keep slaughterhouses staffed with federal inspectors as fears about potential shutdowns due to the COVID-19 coronavirus hammer livestock prices and fuel concerns about food supplies, meat industry groups said on Monday. Livestock markets have been hit hard as […] Read more
CBOT May 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy, wheat book multi-month lows

Financial markets continue to drag commodities lower

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Chicago | Reuters — U.S. grain and soybean futures sank to multi-month lows on Monday on worries about the coronavirus pandemic denting the global economy and chilling end-user demand for commodities, traders said. “The fear is still that it will only get worse as the week unfolds,” said Mark Schultz, chief analyst at Northstar Commodity […] Read more
(Nathan4847/iStock/Getty Images)
General

COVID-19 and farm workers: How do we manage on the farm?

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Keeping up to date with COVID-19 details and recommended protocols is challenging for everyone at this time. CAHRC has created a dedicated web page with the latest information, recommendations, employee management tips, tools (posters, policies) and links to authorities. These details will help you respond to the pandemic and limit the impact and spread of […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firm, corn flat as financial markets steady

CBOT soybean futures sag

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Chicago | Reuters — U.S. wheat futures closed fractionally higher on Friday and corn ended flat, stabilizing as wider financial markets regained some ground after plummeting on fears of the economic fallout from the global coronavirus outbreak. But soybean futures fell, hitting life-of-contract lows as crop weather in South America improved, bolstering expectations of large […] Read more

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