Reuters – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said. […] Read more
Markets/Business — page 96
U.S. to spend $7.3 billion on rural clean energy projects
Prairie Wheat Weekly: Most Western Canadian wheat bids rise
Western Canadian wheat bids were mostly higher during the week ended Sept. 5, following the lead of United States wheat futures. The U.S. Department of Agriculture reported the country’s spring wheat harvest to be 70 per cent complete as of the start of September, matching the five-year average and being two points ahead of last […] Read more
U.S. livestock: CME cattle fall as consumers opt for cheaper meats
Chicago | Reuters – Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures fell on Thursday on renewed worries over inflation-hit consumers’ ability to purchase pricy cuts of meat, traders said. Hog futures also fell on a seasonal lull in prices and a strong supply of heavy hogs. Beef and pork demand has eased […] Read more
U.S. grains: Corn, soy futures ease after short-covering wave
Chicago | Reuters – Chicago corn and soybean futures fell on Thursday as large U.S. yield prospects continued to drive short covering from earlier this week, analysts said. Wheat followed corn downward, while brisk exports from the Black Sea region continued to curb prices. A lower dollar and concerns over damaging, dry U.S. Midwestern weather […] Read more
Saskatchewan farmers making good harvest progress: report
Saskatchewan farmers made good harvest progress during the week ended Sep. 2, according to the latest provincial crop report. An estimated 42 per cent of the 2024 crop was harvested across the province, which was up from 25 per cent the previous week and ahead of the five-year average of 34 per cent done. The […] Read more
Feed Weekly: More grain to enter feed markets
Feed barley and feed wheat are in no short supply on the Prairies, according to Jim Beusekom, president of Market Place Commodities in Lethbridge, Alta. He has recently seen light test-weight barley and wheat coming from various places in Western Canada being shipped to feedlots. Beusekom added the feed grains were coming from “almost everywhere […] Read more
U.S. livestock: CME cattle dip on weak cash market, rising corn prices
Chicago | Reuters – Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures fell on Wednesday following recent weakness in cash prices and as corn prices sustained a small rally, traders said. Traders also monitored U.S. beef demand. Demand for beef typically weakens after Labor Day, which is considered the last major grilling holiday […] Read more
U.S. grains: Soy, corn rise on weather risks, wheat up on short covering
Chicago | Reuters – Chicago soy futures rose on Wednesday on support from short-covering and weather risks. Corn on the Chicago Board of Trade (CBOT) rose on spillover support from soy futures while wheat increased as harvest pressure eased and traders covered short positions. Industry players have been assessing whether overly dry weather in the U.S. […] Read more
ICE Weekly: Canola market suddenly in a very bad position
China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more
CBOT Weekly: Soybeans, corn off lows, sideways trade likely through harvest
Soybean, corn and wheat futures in the United States were all showing modest strength in early September, recovering off their August lows as speculators bought back previously sold positions. “We’re seeing a little bit of short covering in these markets and the contract lows, at least over the short term, may be in,” said Terry […] Read more
Cyber-Savvy Farmer
