Markets
War between Israel and Iran forced oil prices higher last week, but had only modest impact on crop prices.
Markets
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
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.
US EPA proposes higher biofuel blending volumes through 2027
The Trump administration on Friday proposed to increase the amount of biofuels that oil refiners must blend into the nation’s fuel mix over the next two years, driven by a surge in biomass-based diesel mandates.
U.S. grains: Corn, soybeans slip on profit-taking, favourable Midwest weather
U.S. corn and soybean futures fell on Friday as favourable weather in much of the Midwest boosted crop production potential and as traders squared positions ahead of the weekend, analysts said.
U.S. livestock: Cattle fall, hogs made modest gains
Chicago cattle futures fell while hog contracts made modest gains after trading resumed on Friday following the Juneteenth holiday.
