Markets
Growers in all three Prairie provinces are very likely to be finished seeding this week, however, the benefits of seeding crops weeks early may be cancelled out by another dry summer.
Markets
Prairie weather could mean higher prices
Lack of rainfall is putting some snap into new crop canola contracts
U.S. grains: Chicago wheat falls on harvest pressure; corn hits contract lows
Chicago wheat futures sank on Tuesday on pressure from the ongoing harvest in the U.S. Plains and Black Sea as well as a lack of weather threats, analysts said.
U.S. livestock: Lean hogs tick down on technical selling, cattle mixed
Chicago Mercantile Exchange lean hog futures edged lower on Tuesday on technical selling after setting contract highs in the previous session as traders weighed whether a seasonal peak in cash hog prices has petered out, analysts said.
Mideast war, U.S. biofuel policy and weather stack more uncertainty on an already stressful year
Canola is being supported by drought conditions and expectations that the old-crop carry-in to the new crop year would smaller than normal
War between Israel and Iran forced oil prices higher last week, but had only modest impact on crop prices.
USDA notes shifts in Mexican corn
Production up, imports dip
Corn production in Mexico is projected to increase 6.5 per cent in 2025/26, the United States Department of Agriculture attaché in Mexico City reported. Meanwhile, the country’s imports are expected to dip 1.4 per cent.
Canada’s annual inflation unchanged at 1.7 per cent in May, core measures slightly ease
Canada’s annual inflation rate in May was unchanged from the previous month at 1.7 per cent as a drop in gasoline costs continued to keep the overall index stable. Prices of shelter, food and transportation also cooled.
Klassen: Feeder market rally stalls on softer fed cattle market
For the week ending June 21, Western Canadian feeder cattle prices were unchanged to $10 lower on average compared to seven days earlier. However, prices for August and September delivery were unchanged from the previous week.
U.S. livestock: Live cattle slip; feeders, hogs make small gains
Chicago live cattle futures slipped on Monday while feeder and lean hog contracts eked out gains.
U.S. grains: Soybeans slump on ‘greenhouse’ weather in US
Chicago soybean futures eased on Monday as favorable U.S. crop weather took the focus away from U.S. strikes on Iran conducted over the weekend.
AAFC makes more adjustments to canola numbers
Also changes dry pea data
With exports of Canadian canola still going strong in 2024/25, Agriculture and Agri-Food Canada readjusted its estimates in its June supply and demand report.
