It looks like the well above average temperatures that flooded across the prairies over the last week or so will be coming to an end, at least eventually. The good news is that it doesn't look like it will be an abrupt end with well below average temperatures moving in.
Prairie forecast: One more shot of warm weather?
Issued Nov. 14, covering Nov. 15 to 18
U.S. livestock: Short-covering boosts CME cattle after recent decline
The U.S. hog market traded sideways on Tuesday
Chicago | Reuters — Short-covering lifted Chicago Mercantile Exchange live cattle and feeder futures on Tuesday, analysts said, extending a recovery from springtime lows reached last week. The markets were due to rise after recent fund liquidation and technical selling left the market oversold, analysts said. “The main thing is some short-covering here,” said Austin […] Read more
Ukrainian farmers’ history of making do pays off in wartime
First person: over the past 20 months, hundreds of thousands of civillian vehicles have passed through the crucible of war
The technical arsenal of farmers who cultivate small acreages is extremely varied. They have small tillers to which trailers are attached, and tiny, sometimes homemade, tractors. Sometimes you can even see a small field being plowed with the help of horses. We still have horse-drawn carts, although this is rare. In my town, there is only one horse left. My friend keeps him at home as a pet. In his youth, my friend worked at a stable and retained his love for horses.
U.S. grains: Soybeans hit August high, soymeal climbs on strong demand
U.S. soy crush likely set record monthly high in October
U.S. soybean futures jumped to their highest price since August on Tuesday on concerns about unfavorable crop weather in top supplier Brazil, analysts said. A rally to contract highs in soymeal futures helped lift the soybean market.
Canola sector gets research boost
The federal government is putting up $9 million to drive the sustainable growth of Canada’s canola sector. The funding comes from the AgriScience Program—Clusters Component, an initiative under the Sustainable Canadian Agricultural Partnership and was announced today (Nov. 14) in Winnipeg by Lawrence MacAulay, the federal agriculture minister. “This new Canola Cluster will build on […] Read more
Klassen: Cash feeder prices soften on futures market uncertainty
Supplies are higher than expected as consumers reign in spending
The live and feeder cattle futures appear to be incorporating a risk discount due to the uncertainty in demand. Consumers are pulling in the reigns on spending. Interest rates are at 40 year highs and inflation remains elevated. Larger supplies and lower demand results in lower prices.
Agritechnica Day 1: Combine launches, giant power units
Agritechnica, the world’s largest farm machinery show is nothing like farm shows we see in North America. The equipment shines to a finer gleam, extreme care is paid to lighting – so much blue at New Holland, red at Case IH, green at John Deere and orange at Kubota. The show is huge – 27 […] Read more
Legislation allows Quebec’s UPA to rework funding formula
Bill 28 passes Quebec assembly
Quebec’s legislative assembly has passed a bill allowing the province’s overarching general farm organization, the Union des producteurs agricoles (UPA), to start the process toward a new funding model. Provincial Agriculture Minister Andre Lamontagne on Thursday announced the passage of Bill 28, which amends legislation governing organization of farming activities and the accreditation of UPA. […] Read more
Third-quarter profit plunges for JBS
Low U.S. pork prices, beef margins and global chicken glut cited
Sao Paulo | Reuters — JBS SA, the world’s biggest meatpacker, reported an 86 per cent drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais (C$166.3 million). Net income was under the LSEG consensus forecast of 724 million reais, and far below the whopping four billion-real […] Read more
U.S. grains: Chicago soy soars on Chinese buying, Brazilian weather
Corn futures rise on U.S. sales to Mexico
Chicago | Reuters — Chicago soybean futures sharply rallied on Monday on Chinese demand and scorching heat in Brazil, where farmers are expected to face crop-stressing temperatures over the next several days. Meanwhile, corn futures rose on technical trading and support from news of Mexico buying U.S. grain — a move up that also gave […] Read more
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