Global shipping bottlenecks appear to be easing and could make way for lower shipping costs, though fuel prices remain a wildcard according to analysis from Farm Credit Canada (FCC).
Markets/Business — page 109
Global shipping costs could ease as congestion improves: FCC economist
Beef imports from Britain jump 177 per cent
Canada exports zero beef to the U.K.
Glacier FarmMedia – Beef imports from the United Kingdom are up 177 per cent in the first four months of 2024. Canada imported $10.2 million worth of beef from Jan. 1 until the end of April, a significant increase from the same period in 2023, when beef imports from Britain were $3.7 million. Why it […] Read more
Late crop yield in most Ukrainian regions may drop by up to 15 per cent, farm ministry says
Ukraine's late crop yield might fall by up to 15 per cent in most regions due to extreme heat, the acting farm minister said on Monday, while the average early crop is expected to shrink by only by five per cent.
U.S. grains: Soy tumbles as U.S. rain forecast offers relief
Chicago Board of Trade soybean and corn futures plunged on Friday but were set for weekly gains, as weather forecasts indicated positive news for crops in the central United States.
U.S. livestock: Feeder cattle gain strength as corn prices plunge
Chicago Mercantile Exchange (CME) cattle futures ticked up Friday on steep losses in the U.S. grains market, while lean hogs mostly firmed on short-covering, analysts said.
Prairie Wheat Weekly: Weather, weak loonie fail to lift prices
Despite temperatures exceeding 30 degrees Celsius on the Prairies and a weakened Canadian dollar, Western Canadian spring wheat prices were mixed and those for durum were lower during the week ended July 25.
U.S. livestock: Live cattle futures surge on cash market, GDP data
Chicago | Reuters – Chicago Mercantile Exchange (CME) cattle futures climbed on Thursday, as prices in the cash market rose and signs of strength appeared in the U.S. economy, market analysts said. At one point during the session, the most-active October live cattle futures contract LCV24 surged up to 189.050 cents per pound – the highest price […] Read more
U.S. grains: Corn and soybeans rise on hot, dry weather concerns
Chicago | Reuters – Chicago soybeans and corn strengthened on Thursday as worries about the August weather forecast in the central U.S. took centre stage. Meanwhile, slow demand and cheap Russian exports pressured wheat as a crop tour in North Dakota forecast high spring yields in the United States, according to analysts. Hot, dry weather […] Read more
Feed Weekly: Crops still in ‘relatively good condition’
The hot and dry weather present in much of the Prairies for much of July may not have yet put a dent in production numbers. Matt Beusekom, trader for Market Place Commodities in Lethbridge, Alta., said while the heat is pressuring crops, good harvests are still expected for now. “(The heat) has definitely had an […] Read more
Oilseed crush, grain deliveries up year-by-year
The amounts of Canadian oilseeds crushed, as well as those for grains delivered, saw slight increases compared to the year before, according to Statistics Canada (StatCan). Domestic producers crushed 861,671 tonnes of oilseeds last June, more than the 821,292 crushed in June 2023. The June canola crush was reported to be 776,354 tonnes, with 334,909 […] Read more
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