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Set-aside funded for Quebec hog, cattle, big game producers

Feds, province pledge $21.8 million AgriRecovery plan

Reading Time: 2 minutes Farmers tending feeder hogs, fed cattle and big game animals such as elk, red deer, bison and wild boar in Quebec can expect $21.8 million in AgriRecovery to compensate for COVID-19’s drag on the province’s slaughter capacity. Federal Agriculture Minister Marie-Claude Bibeau and her Quebec counterpart Andre Lamontagne on Thursday announced their governments’ respective 60-40 […] Read more

CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hogs limit-down on profit-taking

Cattle futures continue lower

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures sank by their daily exchange-imposed trading limit on Thursday as profit-taking overwhelmed the market following blistering rallies, analysts said. The setback is a turnaround from gains that have lifted profits for pig farmers after they struggled last year when the COVID-19 pandemic reduced restaurants’ demand for meat […] Read more

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Feed weekly outlook: Prairie grains firm, watching new-crop weather

U.S. corn values supportive

Reading Time: < 1 minute MarketsFarm — Tight barley supplies in Western Canada continue to keep the feed market underpinned, with gains in the U.S. corn market also providing support to grain markets in general. “We’re starting to see a bit of an early weather market in the U.S.,” Allen Pirness of Market Place Commodities in Lethbridge said. Rising corn […] Read more

CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn futures retreat from peak above $6

Wheat, soybean futures rise

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures closed mixed on Thursday, with the most-active contract easing on pressure from commercial hedging after spiking above US$6 a bushel for the first time since June 2013 during overnight trading. But concerns about seeding delays due to cold weather in the U.S. Midwest lifted new-crop corn contracts. Weather […] Read more

Canadian Financial Close: C$ steady

Reading Time: < 1 minute By MarketsFarm WINNIPEG, April 15 (MarketsFarm) – The Canadian dollar settled relatively steady on Thursday, as conflicting outside influences pulled on the currency. The Canadian dollar closed at US$0.7981 or US$1=C$1.2530 on Thursday, which was up from Wednesday’s North American close US$0.7979 or US$1=C$1.2533. Domestic housing data provided some support for Canadian dollar, as the […] Read more

North American Grain and Oilseed Review: Moderate gains for canola

U.S. corn pulls back, as soybeans, wheat rise

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, April 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Thursday, gleaning support from gains in other edible oils. This marked the third day of the rally in canola. Chicago soyoil climbed two-thirds of cent per pound, European rapeseed saw strong increases in most of its active contracts, […] Read more

ICE canola turns mixed at midday Thursday

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 15 (MarketsFarm) – The ICE Futures canola market was mixed at midday Thursday, with losses in the nearby May contract and a firmer tone in the other active months. The narrowing of the May/July spread was a feature, according to a trader, as investors booked profits on their long […] Read more

Canadian Dollar and Business Outlook: Loonie approaches U.S. 80-cent mark

Reading Time: < 1 minute WINNIPEG – The Canadian dollar flirted with the U.S. 80-cent mark on Thursday morning after Statistics Canada revealed home sales increased by 5.2 per cent in March from February, an all-time record. As of 8:55 a.m. CDT, the loonie was at US$0.7994 or US$1=C$1.2509, compared to US$0.7979 or US$1=C$1.2533 when markets closed on Wednesday. Benchmark […] Read more

ICE canola backing away from highs

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 15 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, as investors booked profits and prices backed away from their recently-hit highs. The Chicago Board of Trade soy complex was narrowly mixed in early activity, providing little direction for canola. Malaysian palm oil was firmer in overnight […] Read more

Global Markets: C$18 billion spent on fossil fuel subsidies: Environmental Defence

Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – A report from Environmental Defence claims Canada’s federal government spent more than C$18 billion on subsidies towards the country’s oil and gas sector last year despite a promise by the government to shift away from fossil fuels. Some […] Read more