Chicago | Reuters — U.S. soybean futures settled higher on Thursday as adverse weather across South America fueled concerns about a short-term supply crunch. The market briefly turned lower late in the trading session amid gains in the U.S. dollar that make U.S. farm goods less attractive to importers, traders said (all figures US$). Prices […] Read more
U.S. grains: Soybeans jump on inclement South American weather
Weekly U.S. corn export sales miss expectations
Carbon tax rebate on grain drying fuels coming
Jim Carr reiterates Bibeau's pledge from last week
Farmers can expect a rebate on carbon taxes paid on fuels used to dry grain, Jim Carr, the federal cabinet’s special representative for the Prairies, told the Canadian Crops Virtual Convention on Tuesday. However, he didn’t provide any details. “There is promising news on this front,” Carr told the meeting, hosted by the Canola Council […] Read more
U.S. grains: Soy, corn up on unfavourable South American weather
USDA lowers ratings for Kansas, Texas wheat crops
Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday in a turnaround from losses the previous session, as concerns increased about unfavorable weather in crop-growing regions of South America. Traders are watching the effects of heat and dryness in Argentina and rains in Brazil amid worries about potential yield losses. The countries […] Read more
Your 2021 disease forecast will depend on your weather forecast
Keep an eye out for the usual suspects in your crops this year if the weather turns wet, says researcher
Reading Time: 4 minutes Predicting which diseases will cause problems on your farm this year is a little like predicting the weather — you know it’s going to hit you, but you don’t know when or how bad it will be. And it doesn’t help that these two unpredictable forces often go hand in hand. “One of the primary […] Read more
Grain drying relief moving forward, one way or other
Governing Liberals telegraph plans to introduce their own measure
Despite voting against a bill to exempt certain farm fuels from the carbon tax, the governing federal Liberals say tax relief for grain drying is coming. Conservative MP Philip Lawrence’s private member’s bill C-206, An Act to amend the Greenhouse Gas Pollution Pricing Act (qualifying farming fuel), passed second reading in the House of Commons […] Read more
Wet or dry spring ahead? Depends on where in Canada
MarketsFarm — There will be increased in risk of flooding this spring in British Columbia, western Alberta and parts of Eastern Canada, according to a report Friday from AccuWeather. Meanwhile, dry conditions are expected to continue across the Prairies. AccuWeather’s report forecasts below-normal temperatures for B.C. and western Alberta going into spring. That could delay […] Read more
Grain shortage, cold snap cause delays at West Coast ports
'...the vessels continue to arrive'
MarketsFarm — Grain movement in Western Canada remains faced with significant difficulties, according to Mark Hemmes, president of Quorum Corp., which monitors rail traffic and vessel movements in Canada. February’s cold snap resulted in grain movement across the region falling below its three-year average. The most pressing issue has been a shortage of grain to […] Read more
Budget could include new BRM program, ag labour plan
Proposal for 'AgriResilience' program goes to Freeland
A new pre-budget report from the House of Commons’ finance committee is recommending several measures directly related to agriculture — including sought-after tweaks to AgriStability and creation of an entirely new business risk management program. The multipartisan committee heard testimony and received submissions from more than 800 groups and individuals. Mostly-virtual meetings took place in […] Read more
U.S. livestock: Live cattle end week lower
Hogs down on Olymel's plan to ship Canadian hogs south
Chicago | Reuters — U.S. live cattle futures rose on Friday, but failed to end the week higher as a cold snap across the U.S. Plains and into Texas hampered slaughterhouses and backed up cattle, traders said. “There’s still a big mess,” said Dennis Smith, commodity broker at Archer Financial. “The good news is, the […] Read more
U.S. grains: Soybeans, corn slump on record USDA acreage projections
Wheat gains on harsh U.S. cold, surging European wheat
Chicago | Reuters — Corn and soybean futures retreated on Thursday after the U.S. Department of Agriculture (USDA) projected that U.S. farmers would devote more acres to the two crops this spring than any year on record. U.S. wheat futures, meanwhile, climbed to the highest level in 2-1/2 weeks on rallying European wheat prices, a […] Read more
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