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Potash partnership with BHP ‘not our focus,’ Nutrien executive says

Prices surging on rising demand, Belarus sanctions

Winnipeg | Reuters — Canadian potash producer Nutrien is not focused on any potential collaboration with miner BHP Group, a senior Nutrien executive said Tuesday in the company’s first public comments about reports of possible co-operation. BHP has for years been constructing a potash mine at Jansen, Sask., near Nutrien’s six mines in the province. […] Read more

(Peggy Greb photo courtesy ARS/USDA)

Pulse weekly outlook: Manitoba dry beans in good shape

MarketsFarm — Despite temperatures ranging from near-freezing lows to sweltering highs and receiving little precipitation, Manitoba’s dry edible bean crop has weathered the conditions well, according to the province’s pulse specialist. “We’ve had some interesting weather over the last week to two weeks,” Dennis Lange, pulse specialist for Manitoba Agriculture at Altona, said, referring to […] Read more

CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. September 2021 wheats (green, yellow and orange lines). (Barchart)

U.S. grains: Corn, soy fall as Midwest rains seen boosting crop health

CBOT September wheat down, MGEX September wheat up

Chicago | Reuters — Forecasts for rain in the U.S. Midwest pushed corn and soybean futures lower on Tuesday, traders said. New-crop December corn, which tracks the crop that farmers will harvest in the fall, notched the biggest decline. The contract sagged 3.2 per cent as the storms are expected to provide a much-needed boost […] Read more

CME August 2021 lean hogs (candlesticks) with 20- and 50-day moving averages (pink and brown lines) and August 2021 live cattle (red open/high/low/close). (Barchart)

U.S. livestock: Hogs firm after five days of declines

CME August live cattle, feeder cattle up

Chicago | Reuters — U.S. lean hog futures firmed on Tuesday, with the front-month contract snapping a five-session losing streak on some mild bargain-buying and short-covering, traders said. But concerns about waning export demand for U.S. supplies from China and Mexico kept the gains in check and hog futures remained near two-month lows. Mexico blocked […] Read more

Canadian Financial Close: Loonie rises after Powell’s testimony

U.S. inflation higher than expected

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 22 (MarketsFarm) – The Canadian dollar finished pushed a little higher on Tuesday, as the United States dollar took a small step back. The loonie closed at US$0.8093 or US$1=C$1.2356, compared to Monday’s close of US$0.8080 or US$1=C$1.2377. On the U.S. Dollar Index, the greenback dipped 0.156 at […] Read more

North American Grain and Oilseed Review: More increases for new crop canola

U.S. soybeans, corn down, as spring wheat rises

By Glen Hallick, MarketsFarm WINNIPEG, June 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures mostly higher on Tuesday with another day of gains in the new crop months. With temperatures again on the rise across the Prairies, the weather forecast was showing very little prospect of rain outside of the southern areas of Alberta and […] Read more

ICE Midday: Little movement in canola, soy markets

WINNIPEG – The ICE Futures canola market was seeing little price movement at midday Monday compared to the previous week. Contracts have not moved more than C$10 per tonne. The July canola contract is moving lower due to a lack of demand, but new crop positions were rising no more than C$5/tonne. A Winnipeg-based trader […] Read more

ICE canola mixed in choppy trade Tuesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 22 (MarketsFarm) – The ICE Futures canola market mixed Tuesday morning, lacking any clear direction in thin and choppy trade. Forecasts calling for timely rains across the United States Midwest over the next week accounted for some selling pressure in Chicago Board of Trade soybeans that spilled into canola. […] Read more