Reading Time: 2 minutes Chicago | Reuters — Front-month lean hog futures on the Chicago Mercantile Exchange (CME) settled about one per cent higher on Friday, supported by fears that a weekend winter storm in the Plains and Midwest would slow the transport of livestock and complicate pork and beef plant operations, traders said. “We see some significant disruptions […] Read more
Daily news
U.S. livestock: CME cattle, hogs firm on winter weather woes
CGC revises domestic canola usage downward
Reading Time: < 1 minute MarketsFarm — Domestic canola demand remained well ahead of exports in the latest Canadian Grain Commission report for the week ended Sunday — but revisions to data now show the crush pace is not quite as active as reported earlier in the month. The original data for the week ended Jan. 5 showed domestic disappearance […] Read more
Prairie cash wheat: Bids mostly lower
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mostly lower for the week ended Friday. Losses were observed in Canada Western Red Spring Wheat (CWRS) and Canada Prairie Spring Red (CPSR), with durum (CWAD) slightly higher. Average CWRS (13.5 per cent protein) wheat prices were down by about 50 cents to $1 per tonne, according […] Read more
Funds shift to long side in soybeans, covering canola shorts
Reading Time: < 1 minute MarketsFarm — Fund traders moved to a small net long position in soybeans and reduced their overall short position in canola during the second week of January, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came […] Read more
U.S. grains: Corn soars on bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped 3.7 per cent on Friday, more than recovering from the prior day’s 3.1 per cent drop, buoyed by a mix of short-covering and expectations of increased export demand for U.S. supplies, traders and analysts said. Wheat and soybeans followed the firm trend. Chicago Board of Trade March […] Read more
Today’s precipitation
Reading Time: < 1 minute Data from weather stations across the Prairies are available to Glacier FarmMedia members at the WeatherFarm website, where you can also sign up for a daily forecast email for your area. On the go? Get the WeatherFarm mobile app, available for iPhone and Android devices. To learn more about the CoCoRaHS system that generates these precipitation maps […] Read more
U.S. farmers expected to get third and final tranche of trade aid
Reading Time: 2 minutes Washington | Reuters — U.S. Agriculture Secretary Sonny Perdue said he expected the federal government to pay farmers a third and final tranche of 2019 trade aid a day after an initial deal with China was signed, Bloomberg reported on Thursday. Washington and Beijing signed the Phase One pact on Wednesday, setting trade tensions between […] Read more
U.S. grains: Corn, soy to one-month lows
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures hit one-month lows on Thursday and wheat futures followed amid doubts about whether China will make the purchases from the United States promised in a trade deal between the two countries, analysts said. Chicago Board of Trade March corn futures tumbled three per cent, settling down […] Read more
U.S. livestock: CME hogs slide on Phase One uncertainty
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) fell about 1.5 per cent on Thursday, joining a broad sell-off in agricultural futures that traders attributed to fund selling and uncertainty about the details of a U.S.-China trade agreement signed a day earlier. China agreed to increase purchases of U.S. […] Read more
Supercluster backing canola protein production
Reading Time: 3 minutes The federally-backed research and development “supercluster” set up to boost Canada’s protein industries is funding work to wring more and better proteins out of canola seed. In Saskatoon on Wednesday, federal Industry Minister Navdeep Bains announced the Protein Industries Canada (PIC) supercluster has approved a new $27.6 million project to breed high-protein canola hybrids for […] Read more
