A helicopter dumps water on a forest fire in the Okanagan Valley, British Columbia.  Photo: Thinkstock

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

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

Photo: Thinkstock

U.S. livestock: Supply concerns drive CME live cattle to new contract high

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed higher and reached a new contract high on Wednesday amid concerns about tightening U.S. supplies, brokers said. Strong recent gains have left the market technically overbought and due for a setback, brokers said. “We’ve had a nice rally here,” said Matt Wiegand, commodity broker […] Read more