Chicago | Reuters — Benchmark U.S. corn futures fell to their lowest point in seven weeks on Wednesday as the harvest continued and showed better than expected yields, while weather forecasts improved in crop areas of South America. Wheat and soybean prices were modestly higher in rangebound trading. Chicago Board of Trade (CBOT) corn closed […] Read more
U.S. grains: Corn drops to seven-week low
Wheat, soybeans move higher
CBOT weekly outlook: Demand, not interest rates, affecting markets
U.S. Fed decision 'pretty much factored in'
MarketsFarm — While key interest rates in the United States will stay put for the time being, corn and wheat prices on the Chicago Board of Trade (CBOT) declined steadily during the week ended Wednesday. The U.S. Federal Reserve announced earlier Wednesday that the central bank’s policy rate will remain within 5.25 and 5.5 per […] Read more
Farmgate milk price hike delayed to May
Stakeholders say increase should be postponed amid food inflation concerns
The farmgate price of milk will go up May 1, 2024, rather than Feb. 1, after a review of the national pricing formula and consultation with stakeholders. The increase will be 1.77 per cent, or about 1.5 cents per litre for milk going into processing plants, the Canadian Dairy Commission said Wednesday. The commission had […] Read more
More affordability, usage of fertilizers in 2024, analyst says
Israel's fertilizer output normal for now
MarketsFarm — While global fertilizer prices were projected to be steady to higher in 2024, overall affordability is set to improve while usage will increase, according to one analyst. Samuel Taylor, a New York City-based farm inputs analyst for RaboResearch Food and AgriBusiness, delivered a presentation on the fertilizer market during the firm’s Fall Harvest […] Read more
Prairie Forecast: Nice, quiet early-winter weather
Issued Nov. 1, covering Nov. 1 to 8
Interesting weather pattern setting up across the Prairies during this forecast period. Well, maybe “interesting” isn’t the right word; “boring” might be a better one. What I mean by “interesting” is just how quickly we swung from a warm fall pattern to a cool winter pattern. Low temperatures across the Prairies over the last week […] Read more
ASF compartmentalization moves a step forward
Plan not an attempt to download responsibilities, CFIA says
Canada is one step closer to a compartmentalizing regime that hog farmers and the rest of the industry hope protects them against market impacts of African swine fever. Practical application can be developed now that the Canadian Food Inspection Agency has released its National Standards and National Framework for the Canadian ASF Compartment Program. From […] Read more
U.S. grains: Wheat down on supply concerns, soft demand
K.C., MGEX wheats also set contract lows; corn, soy up
Chicago | Reuters — U.S. wheat futures fell across the board on Tuesday on soft demand and as supply concerns weakened in the Southern Hemisphere, while soybean futures pushed higher on adverse weather in Brazil. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended down 9-3/4 cents at $5.56-1/4 per bushel and […] Read more
U.S. livestock: CME cattle rise on hopes for cash prices
Hogs also higher; livestock futures down on month
Chicago | Reuters — Chicago Mercantile Exchange livestock futures crept higher on Tuesday as the cattle markets continued to rebound from multi-month lows reached last week. Expectations for higher cash prices this week and beyond helped to underpin futures, analysts said. Cash prices improved on Friday, compared to the middle of last week. CME October […] Read more
Long-range outlook points to warmer winter
Odds less likely for Prairies next three months
MarketsFarm — Warmer than normal temperatures are expected across nearly all of Canada this winter, with average precipitation for most of the agricultural areas of the Prairies. The latest long-range seasonal forecast from Environment Canada, released Tuesday, calls for a 40 per cent chance of above-normal temperatures from November through January across most of Alberta, […] Read more
Pulse weekly outlook: Lentils shift in narrow range
Farmers seen sitting on product for now
MarketsFarm — Price movement for most western Canadian lentils held narrowly rangebound for the week ended Monday. Prairie Ag Hotwire reported most prices remained one cent per pound of unchanged. To Marcos Mosnaim of Export Packers, there were two central reasons for such sparse movement in lentils. “On one side… I will say the lack […] Read more
Cyber-Savvy Farmer
