We start this forecast period off with plenty of warm air in place across much of the Prairies. We continue to see areas of low pressure dropping southeastward from the western territories into northwestern Ontario with high pressure still in place across the northwestern U.S. and southwestern Canada.
Prairie forecast: Weekend low to bring snow to swaths of the Prairies
Forecast issued January 29, covering Jan. 29 to Feb. 5, 2025
U.S. grains: Soybeans flat, corn, wheat rise as market awaits Trump tariff action
Chicago grain futures turned higher on Tuesday, as investors adjusted positions while they waited to see if U.S. President Donald Trump would follow through on threats to impose 25 per cent tariffs on imports from Canada and Mexico this weekend, analysts said.
U.S. livestock: Cattle rally continues
Live cattle futures on the Chicago Mercantile Exchange hit fresh contract highs once again on Tuesday, with expectations for declining U.S. inventories behind some of the buying interest.
Pulse Weekly: Supply and demand ‘sideways’ says broker
‘If prices move up, they move up big time, but they won’t drop overnight’
Lentil prices on the Canadian Prairies were steady in late-January, which a broker noted is typical for this time of year. Marcos Mosnaim of Prairie IX said the forces of supply and demand are standing pat, leading to no price fluctuations.
Smithfield Foods to keep US pork plants open, eyes tariffs amid IPO, CEO says
Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group 0288.HK.
Germany seeks aid for farmers after foot-and-mouth disease case
Germany's agriculture minister will seek financial aid for farmers hit by the impact of a case of foot-and-mouth disease on a farm in east Germany, the ministry said.
Klassen: Western Canadian feeder market holds value on Ontario demand
For the week ending January 25, Western Canadian feeder cattle markets traded $$3-$6/cwt on either side of unchanged compared to seven days earlier. Higher quality genetics and lower flesh replacements were slightly firmer; however, feedlot operators incorporated the appropriate discounts on fleshier types and lower efficiency, smaller frame animals.
Buenos Aires desk cuts Argentine corn, bumps up wheat
Crops affected differently by weather
As Argentina continues to face dry conditions, the United States Department of Agriculture attaché in Buenos Aires cut their estimate for the country's 2024/25 corn crop. Meanwhile the attaché bumped up their call on the Argentine wheat harvest, which was recently completed.
Peavey Mart confirms Canada-wide closures
Peavey Mart will be closing all stores across Canada, the company confirmed this morning.
CN reaches tentative deal with signals, communications staff
Canadian National Railway says it has reached a tentative collective agreement with workers represented by the International Brotherhood of Electrical Workers (IBEW).
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