Daily Agriculture News | Country Guide

CBOT weekly outlook: Commodities hold up while waiting on China

By Glen Hallick - MarketsFarm 3 days ago

Reading Time: 2 minutes MarketsFarm — There’s no doubt commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse, a trader said. “I personally think the markets… are holding up pretty well with all of the negative news,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. Some […] Read more

Livestock, Markets, Reuters

U.S. livestock: Hogs rally again, cattle up on cash strength

By Mark Weinraub 3 days ago

Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures rose to their highest in 3-1/2 weeks on Wednesday as traders anticipated a long-awaited boost to demand from China, a day after the world’s top pork consumer announced it would grant exemptions to tariffs on U.S. imports. “We don’t know what the quantities will be,” said Mike Sands, […] Read more

Crops, Markets, Reuters

U.S. grains: Wheat, corn ease after rallies

Chicago soybean futures firm

By Mark Weinraub 3 days ago

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures fell on Wednesday on profit taking from the previous session’s strong rally, grain dealers said. Bargain buying pulled the grain contracts from their session lows ahead of the close. “Yesterday was probably a little overdone in the wheat market,” said Jim Gerlach, president of Indiana-based A/C […] Read more

General

Fraser: In ag marketing, emotions need to start trumping facts

Emotional transparency 'actually goes a long way'

By D.C. Fraser 4 days ago

Reading Time: 3 minutes Go to an agricultural event and someone will inevitably point out how bad farmers are at getting their message to consumers. As annoying as it is, those comments underscore an increasingly important theme in Canadian agriculture: communication. It used to be enough to grow and market your crops, but that has changed dramatically over the […] Read more

Crops, Markets, Reuters

U.S. grains: Wheat futures rally, pull corn higher

Chicago soybean futures weaken

By Mark Weinraub 4 days ago

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged 4.5 per cent on Tuesday, their biggest gain since May, as cuts to the harvest outlook in Australia bolstered prospects for U.S. exports, traders said. The rally in wheat, which closed near session highs as technical buyers entered the market after the early strength, underpinned the corn […] Read more

Livestock, Markets, Reuters

U.S. livestock: Hogs rally with hopes for exports to China

Cattle market similarly hopeful

By Mark Weinraub 4 days ago

Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures rose 2.1 per cent on Tuesday on hopes for increased demand from China as the world’s top pork consumer announced plans to begin issuing tariff-free import licenses. China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so […] Read more

Livestock, Weather

More tax deferral zones announced for ranchers

Final list released for 2019 tax year

By GFM Staff 4 days ago

Reading Time: 2 minutes More ranchers who were up against a dry 2019 may now be eligible to defer some income from their livestock sales for the income tax year. The federal government on Tuesday released the “final list” of designated regions where income tax deferral on sales of breeding livestock has been authorized for 2019. In a prescribed […] Read more

Crops, Markets, Peas

Pulse weekly outlook: Green pea bids back off highs

By Phil Franz-Warkentin - MarketsFarm 4 days ago

Reading Time: < 1 minute MarketsFarm — Green pea prices in Western Canada have come off their highs in recent weeks, as end users back away from the market. Top-end green pea bids have lost about a dollar per bushel over the past month, according to Prairie Ag Hotwire data. “A lot of the end users are full now,” said […] Read more

Finishers, Livestock, Markets

Klassen: Calf prices divorce from yearling markets

By Jerry Klassen 4 days ago

Reading Time: 2 minutes Compared to last week, yearling prices were steady to as much as $4 lower depending on the region in Western Canada. Alberta packers were buying fed cattle at an average price of $252 on a dressed basis, down $6-$8 from last week and down about $20 from the last week of January. Weakness in fed […] Read more

Crops, Reuters

Passenger trains to run again, pipeline protests block freight

By David Ljunggren 4 days ago

Reading Time: 2 minutes Ottawa | Reuters — Passenger rail operator Via Rail said Tuesday it would soon resume partial services between Quebec City and Ottawa while the government sought to end anti-pipeline protests that are blocking rail freight in Eastern Canada. Via said passenger services between the two cities would start on Thursday after it received a notification […] Read more

Coronavirus stalls talks with China on canola ban

Fund traders still bearish on canola

U.S. grains: Soy, wheat, corn close lower after early gains

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