The seasonal slowdown in the North American grain and oilseed markets has traders in the Chicago futures taking direction from shifting weather forecasts out of South America, with technical chart signals also at play in the futures heading into the New Year.
U.S. grains and oilseeds trading South American weather/charts
Wheat rallied around Chinese purchases, soybeans came under pressure
Senate speaker rules members bullied other senators over Bill C-234
Senators threatened retaliation if colleagues didn't "give way", attempted to constrain them in their duties, says speaker
Hot-tempered Conservative senators' actions over lightning rod Bill C-234 constituted intimidation, the Senate speaker ruled yesterday.
"Senators have explained how they felt threatened and intimidated in the performance of their duties, here where we should model the best behaviour for our fellow citizens," said speaker Raymonde Gagné in her decision yesterday.
Smithfield Foods ends contracts with 26 US pig farms, citing oversupply
American pork producers have been losing money as pig prices, consumer demand bump against high costs
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.
Prairie forecast: Average to above average temperatures to continue
Issued Dec. 6, covering Dec. 6 to Dec. 13
With no big storm system impacting our region, the weather models have been doing a good job with the forecasts over the last few weeks. As we start to move closer and closer towards the middle of winter, the longer we can keep the warm air around, the shorter we can hope winter will be. With that said, here is what the big picture is looking like over the next seven or so days.
Senate votes to amend Bill C-234
Once the bill has been read a third time, it will be returned to the House of Commons for further debate
An amendment to remove barn and greenhouse heating from a bill that would exempt certain farm fuels from the carbon price was passed today in the Senate by a narrow margin.
U.S. grains: Wheat rallies on fresh round of purchases by China
Soybeans ended narrowly mixed as traders monitored Brazil weather; corn rose for fifth straight session
Wheat rose after U.S. Department of Agriculture (USDA) confirmed private sales of 198,000 metric tons of U.S. soft red winter wheat to China, the second such sale in as many days. Monday's announcement that China had purchased 440,000 tons of the grain, the largest one-off U.S. wheat export sale to China since at least 2020, added impetus to a recent rally.
Baltic Dry Index at 18-month high
Restrictions at the Panama Canal and congestion at Brazilian ports behind rate hike
The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has climbed sharply higher over the past few weeks to hit its highest level in 18 months.
Klassen: Feeder market bounces on lower volumes
Feedlot operators believe yearling numbers will be down in March and April
Strength was noted in Manitoba and Saskatchewan while a softer tone was evident in Alberta. Once again, buyers shrugged off the weaker feeder cattle futures and the focus was on filling year-end orders. Alberta and Saskatchewan feedlots are carrying larger numbers but there appears to be sufficient bunk capacity available to sustain the price structure.
Canada’s Indo-Pacific ag office takes step forward
The joint CFIA-AAFC venture is part of a plan to diversify exports to the Indo-Pacific region
The federal government took another step yesterday toward establishing its Indo-Pacific Agriculture and Agri-Food Office (IPAAO) in Manila, Philippines, with the appointment of its first executive director. Federal ag minister Lawrence MacAulay announced that Diedrah Kelly had been appointed to the post. Kelly is a long-time representative of Global Affairs Canada and recently was Canada’s […] Read more
France passes law to protect farmers against neighbours’ complaints over noise and smells
Some 500 farmers are facing lawsuits from neighbors irate over agricultural smells, noise
The country has a history of conflicts between former city dwellers buying country houses and then complaining about roosters crowing, dogs barking, the noise of agricultural machinery or the smell of manure.
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