MarketsFarm — While soybean futures at the Chicago Board of Trade have moved higher over the past week, corn was rangebound and wheat lacked any clear direction in choppy trade, making it hard to predict where values may go from here, according to Scott Capinegro of Barrington Commodities in Barrington, Ill. Capinegro said the December […] Read more
CBOT weekly outlook: Corn rangebound, soybeans rising, wheat erratic
Chicago wheat fluctuation 'just drives you nuts'
Bulk ocean freight at highest level of past year
Container freight rates seen softening
MarketsFarm — Ocean freight rates have shown some strength over the past two months, with the Baltic Dry Index (BDI) at its highest level of the past year. The BDI, a major indicator of bulk shipping rates, settled at 2,058 points on Tuesday, marking the first close above 2,000 points since July 2022. The BDI […] Read more
Former ag minister returns in new Manitoba cabinet
Kinew names Kostyshyn to ag portfolio
Incoming Manitoba Premier Wab Kinew has brought a former provincial agriculture minister back to the cabinet table to handle the ag file. Ron Kostyshyn, who from 2012 to 2016 was then-premier Greg Selinger’s ag minister while serving as MLA for the northwestern riding of Swan River, was sworn in Wednesday as minister of agriculture in […] Read more
U.S. livestock: CME cattle futures mixed as packer margins stay in red
December lean hogs up off Tuesday's contract low; deferred months lower
Chicago | Reuters — Chicago Mercantile Exchange cattle futures were mixed on Wednesday, as beef packer margins stayed in the red and cash cattle prices were expected to be steady to higher, traders said. Hog futures were also mixed on the day. February and May lean hog futures dipped to new contract lows on sluggish […] Read more
U.S. grains: Wheat firms on bargain buying, corn follows suit
Soybeans hit three-week high
Chicago | Reuters — Chicago wheat futures rose for the first time in three sessions on bargain buying on Wednesday, with corn futures following, traders said. Wheat futures also gained a mid-session boost on rekindled market speculation that India, a leading wheat producer, may be tight on supplies. India raised the price at which it […] Read more
Klassen: Ontario demand sets the price structure for calves
Corn in Ontario at $232/tonne, U.S. corn in southern Alberta at $315
For the week ending Oct. 14, western Canadian yearling prices were steady to $4 higher compared to a week earlier. Calves in the range of 500 to 800 pounds traded $4-$6 lower in Alberta. However, in eastern Saskatchewan and in Manitoba, calves in this weight category were relatively unchanged compared to the previous week. In […] Read more
Prairie Forecast: Warmer, colder… then snow?
Issued Oct. 18, covering Oct. 18-25
Not surprisingly for this time of the year, the last forecast didn’t play out exactly as expected, but overall, it was pretty darn close. The large area of high pressure that was forecasted to develop over the northern Prairies and slowly drop southward did just as forecast, but over the first few days the high […] Read more
FCC to offer beef heifer replacement loans
Loan program for those wanting to build, maintain herds
Cattle producers wanting to expand or maintain herds — in a time of nationwide herd contraction — are the expected beneficiaries for a new loan program from Farm Credit Canada. FCC on Tuesday announced what it calls the Replacement Heifer Program, consisting of a loan with a maximum loan life of seven years and a […] Read more
Anxiety over cost of food on the rise: CCFI
Food companies increasingly blamed for prices; farmers seen as highly trustworthy
When asked which life issues they were most concerned about, 54 per cent flagged the cost of food as a top concern—up from 51 per cent last year, the report said.
U.S. grains: Soybeans hold firm with harvest, domestic demand in focus
Corn eases as harvest watched, wheat retreats from two-week high
Chicago | Reuters — Chicago Board of Trade soybean futures firmed for a second straight session on Tuesday amid thin technical trading, as strong domestic demand eased concerns about supplies growing as the U.S. harvest continued. Corn inched down while traders monitored the U.S. harvest progress, as investors watched Israel’s war with Palestinian militant group […] Read more
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