Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose about two per cent on Monday on bargain buying after multi-month lows, but a large U.S. hog supply hung over the market, capping the rally, traders said. CME July lean hog futures ended up 1.7 cents at 83.05 cents/lb. after dipping to 80.525 cents, […] Read more
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Grain prices show decline with little reason to reverse direction
Central Canada has received average to above-average precipitation over the past 30 days providing sufficient moisture for planting and early…
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Ontario soybean acres to jump in 2019
In this update, we’re providing our first acreage and production estimates for Ontario. Elevator bids for corn, soybeans and wheat…
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Few prospects for soybean price to increase
Compared to two weeks ago, Ontario corn and soybean prices are marginally higher. Iowa, Nebraska and Missouri have experienced severe…
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Canada in China’s soybean market penalty box
Over the past two weeks, Ontario corn and soybean prices have dropped 15 to 20 cents per bushel for both…
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Wheat prices dropping as world supplies hit backlog
Ontario corn and soybean prices are relatively unchanged from two weeks ago. However, winter wheat prices are down about 30…
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Easing concern about CUSMA dairy concessions
Once the dust has settled on the ratifications of the Canada-United States-Mexico trade agreement (CUSMA), access to U.S. markets for…
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Stories from our other publications
U.S. livestock: CME lean hogs, live cattle firm on bargain buying
Trudeau to meet with Pelosi, McConnell on USMCA
Washington | Reuters — Canadian Prime Minister Justin Trudeau this week is set to meet with Nancy Pelosi, speaker of the Democrat-controlled U.S. House of Representatives, and U.S. Senate majority leader Mitch McConnell, a Republican, in a bid to fast-track passage of a delayed trade deal, two congressional aides said on Monday. Trudeau is to […] Read more
U.S. grains: Corn sets five-year high, soybeans up on poor weather
Chicago | Reuters — U.S. corn futures touched a five-year high on Monday and soybeans advanced, supported by forecasts for more rains in the Midwest where wet conditions have delayed plantings and cast doubts on production prospects, analysts said. Chicago Board of Trade wheat closed modestly higher after a choppy session. CBOT July corn settled […] Read more
Trump and Modi’s lavish farm payouts prompt questions at WTO
Geneva | Reuters — Massive farm-support plans in the United States and India are being scrutinized by other World Trade Organization members, questions submitted to the WTO’s quarterly agriculture committee meeting showed on Monday. The WTO has strict rules about the size and nature of payments, and member governments keep a close watch for any […] Read more
Canola export forecast raised for 2019-20
MarketsFarm — Canadian canola exports in 2019-20 should beat earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. While the improved exports will cut into ending stocks, the carryout is still forecast to be record-large. Citing a seasonal weather market rally and expectations for an increase in prevent planting acres […] Read more
Rains change corn, soybean outlook amid difficult seeding season
Short Ontario supplies of some crops will be supportive of local demand
Ontario has received 115 per cent to 150 per cent of normal precipitation over the past 30 days. As of June 2, we believe 25 of the soybeans have been planted while nearly 50 per cent of the corn is in the ground. Planting is furthest ahead in Bruce and Grey counties. We expect farmers […] Read more
Ag minister announces launch of Canadian food policy
Canada has its first food policy, an initiative to increase access to safe, nutritious and culturally diverse food, and to cut food waste. Marie-Claude Bibeau, minister of agriculture and agri-food and parliamentary secretary, Jean-Claude Poissant made the announcement Monday in Montreal. “The Food Policy for Canada is our road map for a healthier and more […] Read more
U.S. livestock: CME lean hogs slide on fund liquidation
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell more than two per cent on Friday on long liquidation and slower-than-expected export demand for U.S. pork supplies, analysts and traders said. Traders have been anticipating a jump in U.S. pork exports this year as African swine fever, a deadly hog disease, ravages China’s […] Read more
U.S. grains: Corn reaches five-year high on crop uncertainty, firm cash
Chicago | Reuters — Chicago corn futures climbed to their highest level in five years on Friday as forecasts for more showers in the eastern Midwest next week clouded U.S. production prospects, analysts said. Soybeans also advanced on the weather worries and wheat closed higher after a choppy session. Chicago Board of Trade July corn […] Read more
Feed weekly outlook: Grain prices strong as dry weather persists
MarketsFarm — Producers are anxious to stock up on feed grains as weather across the Prairies has remained dry. “We’ve been seeing buyers being quite aggressive [when] bidding on all feed grains,” explained Nelson Neumann of Agfinity in Lethbridge. “Nobody wants to be caught without anything over the summer.” With little precipitation in the forecast, […] Read more
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