Reading Time: 2 minutes MarketsFarm — With weather in the U.S. becoming more favourable for spring planting, combined with other factors, prices on the Chicago Board of Trade CBOT) are expected to push lower, according to Scott Capinegro of Barrington Commodity Brokers at Barrington, Ill. “If you’re getting it planted and it rains, the stuff is off to a […] Read more
CBOT weekly outlook: Prices likely to trend downward
Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies
Move comes as diplomatic tensions ease, canola block lifted
Reading Time: 2 minutes Ottawa | Reuters — Canada on Thursday said it plans to ban the use of China’s Huawei Technologies and ZTE Corp. 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network. “We intend to exclude Huawei and ZTE from our 5G networks,” Industry Minister Francois-Philippe Champagne told reporters in […] Read more
China lifts block on Canadian grain firms’ canola exports
Canola from Richardson, Viterra again allowed, officials report
Reading Time: 2 minutes Officials say China has reinstated market access for two major grain firms whose exports of Canadian canola have been blocked from Chinese ports since 2019. Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau, in a joint statement Wednesday, confirmed the decision by Chinese customs officials allowing Richardson International and Viterra to resume canola […] Read more
U.S. livestock: CME lean hogs extend recovery from recent slide
Live cattle, feeder cattle lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose for a third consecutive session on Tuesday as the market continued to recover from oversold conditions, traders said. Live cattle and feeder cattle futures ended lower. Short-covering helped propel hog futures higher following recent declines, said Matt Wiegand, commodity broker for FuturesOne. The market […] Read more
Home ground
In New Zealand, farmer Ed Pinckney helped his entire country see the cost of being so open to Chinese investment
Reading Time: 7 minutes While they may be in different hemispheres and on opposite sides of the world, there are a lot of similarities between New Zealand and Canada. The New Zealand economy is driven by their land and natural resources. So is Canada’s. Our agriculture is heavily dependent on exports. So is theirs. The Kiwis export nearly 90 […] Read more
U.S. livestock: CME lean hogs drop to January lows
Lower grain values continue to lift cattle
Reading Time: 2 minutes Chicago | Reuters — CME lean hog futures on Tuesday dropped to their lowest prices since January on technical selling and concerns about risks to demand for U.S. meat, brokers said. U.S. pork exports to China have tumbled this year as Chinese producers rebuild their herds after outbreaks of the pig disease African swine fever. […] Read more
U.S. livestock: Feeder cattle futures firm on weaker corn
China's COVID lockdowns pressure CME hogs
Reading Time: < 1 minute Chicago | Reuters — CME live and feeder cattle futures firmed on Monday, supported by lower corn futures, an input cost to feeder cattle, analysts said. “The big driver there was just lower corn,” said Josh Steinhilber, broker at Cattlehedgers.com. “We got spillover into the live cattle.” CME August feeder cattle added 5.8 cents, to […] Read more
U.S. grains: Soybeans drop to three-week lows
Wheat futures hit lowest since April 8; corn drops to one-week low
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures dropped to a more than three-week low on Monday, pressured by falling crude oil markets and delayed U.S. corn planting that some analysts think could push farmers to plant more soybeans. Corn fell ahead of the U.S. Department of Agriculture’s weekly planting progress report on Monday afternoon, showing […] Read more
U.S. livestock: CME cattle, hog futures weak as feeding costs rise
Corn's 'unending rally' drags on feeder cattle
Reading Time: < 1 minute Chicago | Reuters — CME cattle futures fell on Wednesday as traders assessed higher feeding costs due to a sharp gains in corn. Hog futures were also weak, falling for the sixth time in seven sessions, with prospects for more COVID-19 lockdowns in China further chilling the already weak export demand from the world’s top […] Read more
China reports first human case of H3N8 bird flu
Reading Time: < 1 minute Beijing | Reuters — China has recorded the first human infection with the H3N8 strain of bird flu, the country’s health authority said on Tuesday, but said the risk of it spreading among people was low. A four-year-old boy from central Henan province was found to have been infected with the variant after developing a […] Read more
A message from April Stewart, Country Guide's Associate Editor
