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AgriStability proposal could have hidden cost, Pedersen warns

Manitoba's ag minister warns Bibeau's plan may hurt crop insurance, AgriInvest funding

Reading Time: 2 minutes Ottawa’s proposal for an improved AgriStability program could give farmers short-term gain for long-term pain, Manitoba’s agriculture minister Blaine Pederson warns. At the online federal-provincial-territorial agriculture ministers’ meeting on Friday, federal Agriculture Minister Marie Claude Bibeau proposed dropping AgriStability’s maximum reference margin, and increasing the compensation rate from 70 to 80 per cent retroactively this […] Read more

U.S. livestock: Live cattle strengthen on demand outlook

Export demand supports hog futures, for now

Reading Time: 2 minutes Chicago | Reuters — Live cattle futures rose on Tuesday, supported by strong U.S. consumer demand and high wholesale beef prices, traders said. Chicago Mercantile Exchange February live cattle futures added 0.3 cent to 113.175 cents/lb. (all figures US$). CME cattle futures have been steady in recent weeks, recovering from a slump in late October […] Read more

U.S. border restrictions to last a long time yet, Trudeau says

COVID would need to be 'significantly more under control'

Reading Time: 2 minutes Ottawa | Reuters — Canada will not agree to lifting a ban on non-essential travel with the United States until the coronavirus outbreak is significantly under control around the world, Prime Minister Justin Trudeau said on Tuesday. Trudeau’s comments were a clear indication that the border restrictions will last well into 2021. The two neighbours […] Read more

U.S. grains: Wheat futures hit two-month low

Soybean, corn futures also decline

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said. Corn and soybean futures also sagged, retreating from early strength as traders focused on forecasts for welcome rains in South American crop regions. […] Read more

Grain Farmers of Ontario to wind down wheat pool

Programs to end after 2020 marketing year

Reading Time: 2 minutes The remnants of Ontario farmers’ former single wheat marketing desk are set to disappear at the end of the 2020 crop marketing year. Grain Farmers of Ontario, which inherited the pooling system from one of its heritage organizations, the Ontario Wheat Producers’ Marketing Board, announced Tuesday it will wind down its wheat pool and its […] Read more


Pulse weekly outlook: Canada’s exports solid through first quarter

Reading Time: < 1 minute MarketsFarm — Canadian pulse exports were leaving at the country at a solid pace through the first three months of the 2020-21 marketing year, according to the latest Canadian Grain Commission (CGC) monthly data. Canada exported 343,000 tonnes of peas in October, taking the 2020-21 year-to-date total to 1.136 million tonnes. That’s up by about […] Read more

Klassen: Feeder market stabilizes on demand hopes

Reading Time: 2 minutes Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier; however, market reports were quite variable depending on the region and weight category. In most cases, prices for calves under 550 lbs. were $2 to as much as $10 higher while values in the heavier weight categories were $3 lower to $3 […] Read more

StatsCan report to provide clarity on 2020 crop production

Reading Time: 2 minutes MarketsFarm — Market participants and producers will be looking to Statistics Canada’s principal field crop report, due out Thursday, for clarity regarding 2020 crop yields. “We’re looking to see how severely the heat damaged the crop, and how yield estimates were tempered later in the growing season,” said Jerry Klassen, an analyst in Winnipeg. Klassen […] Read more


U.S. grains: Wheat slides on Russian export prospects

Soybean, corn futures also dip

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than three per cent on Monday on prospects that Russia, the world’s top supplier of the food grain, may raise its export quota, analysts said, along with long liquidation at the end of the month. Soybean and corn futures dipped as rains fell on parts of […] Read more

U.S. livestock: Lean hog futures gain on strong pork demand

Weak beef exports drag on live cattle futures

Reading Time: < 1 minute Chicago | Reuters — Lean hog futures gained on Monday as demand for pork keeps pace with strong production, traders said. Chicago Mercantile Exchange’s benchmark February lean hog futures contract settled 1.325 cents higher at 68.575 cents/lb. (all figures US$). “Demand must be good,” said Alan Brugler, president of Brugler Marketing. “Cold storage stocks continue […] Read more