Bob Chorney, a man who almost singlehandedly willed into existence an organization supporting farmers’ markets in Ontario, and subsequently lived and breathed that existence for over 25 years, died July 14 at age 85. Erin McLean, who – along with her brother Ben – owns and manages the Peterborough-area McLean and Buckhorn Berry Farms after […] Read more
Markets/Business — page 110

Bob Chorney was formidable farmers markets champion
Long-time head of provincial organization fought to keep the farmer in farmers markets

U.S. livestock: Lean hog futures firm on technical trade; cattle futures mixed
Chicago Mercantile Exchange (CME) lean hog futures ticked up on technical trading on Wednesday, while cattle futures were mixed to lower, analysts said.

U.S. grains: Chicago grains firm as forecasts call for hot, dry weather
Chicago wheat and corn gained strength on Wednesday as the market monitored a hot, dry spell forecast in parts of North America, but gains were capped by sizeable global supplies.

ICE Canada Weekly: Attention on canola to soon turn from yields to demand
At this time there have yet to be any firm estimates as to what canola yields on the Canadian Prairies are most likely to be. However, once those start rolling in, the canola market will shift towards demand, according to broker Tony Tryhuk of RBC Dominion Securities in Winnipeg.

CBOT Weekly: Weather, fund buying raises prices
Despite the majority of all three major United States crops being in good to excellent condition, hot weather and speculative fund buying have lifted prices at the Chicago Board of Trade (CBOT).

Bank of Canada cuts rates, sees weaker economy in 2024
The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5 per cent, and said more reductions in borrowing costs were likely if inflation continued to cool in line with forecasts.

U.S. livestock: Technical trading sends CME livestock futures higher
Chicago Mercantile Exchange (CME) livestock futures turned higher on Tuesday, with cattle futures continuing to firm amid signals that cash market prices may ease, market analysts said.

U.S. grains: Soybeans, corn touch two-week highs on short-covering, weather
The price rally in Chicago Board of Trade (CBOT) corn futures extended into a second day on Tuesday, with the most-active contract Cv1 reaching a two-week high, as traders began to focus on weather-related impacts on the U.S. crop and short-covering, market analysts said.

Pulse Weekly: Heat hasn’t affected Saskatchewan crops … yet
After heavy rainfall earlier this summer caused flooding in low-lying areas and washed out some pulse acres, Dale Risula said growers couldn’t wait for the heat to help crops develop. Now, the warmer and drier conditions are doing more harm than good.

AAFC makes changes in July estimates
Agriculture and Agri-Food Canada (AAFC) made a handful of changes to its July balance sheet released on July 22, compared to the month before.