Reading Time: 2 minutes Growers in Alberta made plenty of seeding progress during the week ended May 28, but progress was still a bit behind historical averages.
Oilseeds
Alberta Crop Report: Progress made, still behind historical averages
Polish farmers demand less interference from EU ahead of vote
Reading Time: 3 minutes Poland has become a hotspot for protests that sprang up across Europe as farmers railed against cheap imports from the war-torn country, as well as restrictions placed on them by the EU's "Green Deal" to tackle climate change.
U.S. grains: Wheat slips further from highs as Russia rain awaited
Reading Time: 2 minutes Chicago wheat futures turned lower for a second straight session on Thursday, falling from 10-month highs, as traders assessed whether rain forecast in parts of Russia would halt a rapid decline in harvest estimates for the world's top exporter.
Saskatchewan seeding progress running behind average
Reading Time: 2 minutes Saskatchewan farmers made good seeding progress during the week ended May 27 although operations continue to run behind average as varied rainfall caused some delays, according to the latest weekly report from the provincial agricultural department.
Feds pledge $8 million to crop diversification research
Reading Time: < 1 minute The federal government will give over $8 million to Ag-West Bio Inc. for crop diversification research said federal ag minister Lawrence MacAuley today.
EU sets prohibitive tariffs on Russian, Belarusian grain from July
Reading Time: 2 minutes Today European Union trade ministers agreed to impose prohibitive tariffs on cereals, oilseeds and derived products from Russia and Belarus from July 1, a move the bloc said would halt imports of these products.
U.S. grains: Wheat loses steam after rally as traders eye Russian weather
Reading Time: 2 minutes Chicago wheat futures edged down on Wednesday as investors took profits after the recent rally and questions remained about whether forecasts for rain in Russia would stem a decline in harvest prospects in the world's biggest exporter.
ICE Canada weekly: Interest rate cuts to have positive or negative effect on canola
Reading Time: 2 minutes With the growing likelihood of an interest rate cut by the Bank of Canada, spillover from the move could prove to be beneficial for canola prices, according to Calgary-based Errol Anderson of Errol’s Commodity Wire.
Realized Canadian farm income up, net income down in 2023
Total farm cash receipts rose 4.4 per cent compared with 2022 on higher crop marketings; cattle prices
Reading Time: 2 minutes Realized net income for Canadian farmers rose 18.3 per cent in 2023 to C$14.5 billion, as growth in receipts offset a rise in expenses, according to a report from Statistics Canada released May 29.
Chicago soybeans/corn watching weather, wheat
Reading Time: < 1 minute Soybean and corn futures at the Chicago Board of Trade suffered a profit-taking correction on May 29, as speculative positioning and relatively favourable seeding progress across the United States weighed on values.