Even though selling activity for canola could be slowing down, according to an analyst, there are too many bearish indicators to predict a boost to prices.
ICE weekly outlook: More room to the downside for canola
Vegetable oil markets also became weaker
CBOT weekly outlook: Soybeans, grains looking bearish to start 2024
Corn consistently below moving averages a bearish sign says analyst
Soybean, corn and wheat futures all came under pressure to start 2024, with the path of least resistance pointing lower still despite the potential for some end-user bargain hunting.
U.S. grains: Soy futures recover from June low as rains benefit Brazil crops
A two-week high in the U.S. dollar also hung over agricultural markets
Chicago Board of Trade soybean futures ended firmer on Wednesday, as the market recovered after favorable rains in Brazilian crop areas sent the market to its lowest levels since June.
Updated Certified Sustainable Beef Framework released
The program, launched in 2017, came up for its five-year review in 2022
A new and improved Certified Sustainable Beef Framework has been released following its first, five-year review announced the Canadian Roundtable for Sustainable Beef (CRSB) today.
Prairie forecast: Winter temperatures moving in
Issued Jan. 03, covering: Jan. 3 – 10
Looking at this forecast period, the best way I can describe it is that we will be seeing a slow slide into more seasonal temperatures. The persistent upper-level ridging that brought warm--and record warm temperatures--to much of the prairies in December has broken down. The weather models are showing a trough of low pressure developing over the west coast over the next seven days.
Sask. union serves Viterra strike notice
Grain handling giant says its committed to negotiation, but has contingency plans in place
Yesterday, the union issued Viterra a 72-hour notice that they intend to strike as early as 2:00 pm on Jan. 5.
GSU members from Viterra Country Operations and Maintenance and Viterra's Regina head office have been negotiating for "fair wages, improved work-life balance, and workplace respect," for more than a year, the union said.
U.S. livestock: CME cattle hit November highs as lean hogs set contract lows
Large supplies of hogs continue to pressure futures, analysts said
Cattle futures stormed higher at the Chicago Mercantile Exchange (CME) on Tuesday, boosted by firmer U.S. cash trading last week, while hog futures set contract lows.
U.S. grains: Soy futures fall to June low on improved Brazilian crop weather
Corn set a contract low in front-month futures; wheat futures declined
U.S. soybean futures slid to their lowest level since June on the first trading day of the year, after rains hit dry areas of Brazil and forecasts called for more showers.
Warmer winter likely across Canada
High probability of warm spring to follow, long-range forecast shows
Warmer than normal temperatures are expected across all of Canada through the winter months, with average precipitation for most of the agricultural areas of the Prairies, according to the latest long-range seasonal forecast from Environment and Climate Change Canada, released Dec. 31.
Most lentil prices at year highs as 2023 closes
Little movement among Western lentils as New Year dawns
With the New Year, there was scarce price movement among the lentils in Western Canada, according to Prairie Ag Hotwire. A number of lentil varieties saw the upper end of their price range hit highs as 2023 drew to a close.
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