Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mostly higher for the week ended Thursday. Strong gains were seen in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPRS) wheats, while Canada Western Amber Durum (CWAD) was steady to lower. The Canadian dollar gained almost nine-10ths of a cent during the week, closing […] Read more
Daily news
Cash wheat bids: Red spring gains, durum eases
Future of ag policy remains unclear ahead of election
Reading Time: 3 minutes Ottawa – If polls and pundits are to be believed, Monday’s federal election will result in a minority government — meaning no single party would alone be dictating the immediate future of agricultural policy in Canada. While the true results won’t be known until Monday night, most pollsters are speculating either a Conservative or Liberal-led […] Read more
Corn exports expected down in AAFC’s October outlook
Reading Time: 1 minute MarketsFarm — Agriculture and Agri-Food Canada (AAFC) on Friday issued its October outlook for principal field crops, with some revisions compared to the September report. One of the most notable numbers from AAFC was the drop in 2019-20 corn exports, which were estimated to be about 1.5 million tonnes, over 20 per cent less compared […] Read more
U.S. grains: Wheat hits three-month high on signs of tightening supplies
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures touched a three-month high on Friday, buoyed by rising cash prices and signs of tightening global supplies, analysts said. Soybean futures rose on worries about the size of the U.S. harvest while corn fell on disappointing weekly U.S. export sales. At the Chicago Board of Trade, December soft […] Read more
U.S. livestock: Lean hogs sag as traders parse USDA pork sales data
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed lower on Friday after a roller-coaster session in which prices jumped on news of massive weekly pork export sales, only to turn down after the U.S. Department of Agriculture (USDA) said its figures could include pork sold in previous weeks. Toward the close, lean hog futures […] Read more
As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets
Reading Time: 3 minutes Reuters — A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. So-called cannabis 2.0 — legalization of marijuana derivatives including edibles, beverages, extracts […] Read more
U.S. livestock: Lean hogs slide on technical selling, China worries
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed lower on Thursday for a second straight session on bearish chart signals and uncertainty about export demand from China, traders said. China is facing a huge pork shortage due to an outbreak of a fatal pig disease, African swine fever. But so far the country’s purchases […] Read more
U.S. grains: Wheat futures approach three-month high
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures hit their highest level in nearly three months on Thursday as signs of rising global cash prices prompted a round of short covering, traders said. Corn and soybean futures also climbed, supported by worries about the size of U.S. crops, while traders continued to monitor prospects for a […] Read more
Tyson bans ractopamine from its U.S. hog supply
Reading Time: 3 minutes Reuters — Tyson Foods in February will stop buying U.S. hogs raised with a growth drug banned by China, the company said on Thursday, as global meat suppliers seek an edge in boosting sales to Chinese buyers facing a huge pork shortage due to an outbreak of a fatal pig disease. The halt in the […] Read more
Cargill suspends shifts at Kansas beef plant after explosion
Reading Time: 1 minute Chicago | Reuters — Cargill said Thursday it had suspended some shifts at its Dodge City, Kansas beef-packing plant after an explosion injured two employees. Cargill spokesman Daniel Sullivan said the company expects the facility to be fully operational soon and that it would meet all it customer commitments. The company is investigating the cause […] Read more
