Chicago Mercantile Exchange lean hog futures extended a slump, as live cattle futures came under renewed pressure with broad selling hitting agricultural markets on Wednesday.
U.S. livestock: CME hogs decline further as cattle face renewed pressure
"I think we're still trying to hunt for a bottom": analyst
U.S. grains: Soybeans tumble on improving weather forecast for Brazil
Corn and wheat futures also traded lower
Chicago soybean futures sank for a second consecutive session on Wednesday as the prospect of rain in Brazil eased worries about drought damaging harvest prospects in the world's top exporter.
Argentina’s Milei to seek 15 per cent export tax hike on some grains: source
The new president pledged "shock" measures to fix the country's economic crisis
Argentina's new government of libertarian President Javier Milei will seek to raise export taxes to 15 per cent on some grains, though that would not impact tariffs on soy, an industry source told Reuters on Wednesday.
ICE weekly outlook: Drifting market in need of outside support
South America growing conditions likely price driver in soy markets for next months
The ICE Futures canola market remained under pressure heading into the New Year, lacking any significant supportive news of its own that could spark a move higher.
Sugar beet growers seek to expand sector with domestic policy
It wouldn’t stop strikes, but it would recharge Canada’s sugar industry, says producer group
The Alberta Sugar Beet Growers want a national domestic sugar policy, which the organization says could lay the foundation for resurgence in the sector.
Smart farm competition encourages farmers to adopt technology
Competition will serve as opportunity to create and develop smart farm networks
The Canadian Agri-Food Automation and Intelligence Network (CAAIN) is seeking applications for a competition geared toward creating or developing new smart farm networks. Funding under this initiative will support collaborative on-farm tech innovations in hopes encouraging farmers to adopt emergent agriculture technology. CAAIN receives funding from Innovation, Science and Economic Development Canada to address challenges […] Read more
Twice-amended Bill C-234 clears Senate
The bill will return to the House of Commons for further debate
A bill to exempt fuel for grain drying from the price on carbon has cleared the Senate and returns to the House of Commons with two amendments.
Prairie forecast: Mild and dry weather right up to the holidays
Issued Dec. 13, covering Dec. 13 to Dec. 25
Here is the big picture: there are two current storm tracks across North America. The first, which is well to our north, is the storm track that would normally be across our region. So far this winter, it has been displaced to our north – one of the reasons we have been dry. The second storm track is well to the south across the southern U.S. This places us under a rather slack flow as we oscillate between pushes of warm and cool air with each passage of low-pressure to our north.
Paterson buys out P&H’s share of Alliance Seed
Alliance Seed's operations won't be effected the companies said
Paterson Grain has bought out Parrish & Heimbecker's (P&H) share in Alliance Seed Corporation, the companies announced Dec. 8.
U.S. grains: Soy futures end down as traders eye Brazil weather
Wheat and corn futures advance
Chicago Board of Trade soybean futures backpedaled on Tuesday after reaching their highest price in December as traders assessed risks from unfavorable crop weather in Brazil.
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