TractorWise

Western Canadian feeder cattle prices were relatively unchanged from week-ago levels; however, low volumes and various-quality cattle characterized the market. It’s that time of year, when stragglers and recovering sick animals come available and discounts were quite sizeable on substandard cattle. Quality late bloomers were well bid and there was no shortage of buyers. Feedlot margins have eroded from the record highs earlier in May but remain in positive territory. In southern Alberta, a small group of ...
Chicago | Reuters — U.S. spring wheat futures hit their highest level in nearly three years on Tuesday on forecasts for stressful weather in the northern Plains, analysts said. Corn and soybean futures also climbed after a U.S. Department of Agriculture (USDA) report said the condition of all three U.S. crops was worse than analysts had expected. Chicago Board of Trade July corn pared gains and settled up 1/4 cent at $3.59-1/4 per bushel (all figures US$). July soybeans ended up 4-1/2 cents at $9.11-1/4 a...
See DOT run Autonomous agriculture has been reimagined. See it for yourself at the Ag In Motion show July 18 to 20. Read about this DOT out of the box thinking on producer.com Thursday, June 29 and in your Western Producer.    ...
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday bowed to fund liquidation that wiped out Monday’s sharp gains, including the August contract’s settlement up its three-cent per pound daily price limit, traders said. They attributed further selling on lower wholesale beef values that could weigh on this week’s cash prices. June, which will expire on Friday, closed 1.875 cents/lb. lower at 119.6 cents (all figures US$). Most actively traded August finished 3.25 cents lowe...
After trading as high as $6.93 a bushel, the Minneapolis September spring wheat contract closed at $6.86, up 17 ¼ cents or almost 2.6 percent on the day. Spring wheat rose after the USDA on Monday lowered the good to excellent rating of the crop to 40 percent. That was down from 41 percent the week before and below traders’ expectations for 41 percent. Canola, soybeans and corn all rose, but more modestly, on the U.S. crop conditions. The USDA rated 67 percent of the U.S. corn crop in good to excellent c...
Mexico City | Reuters — Mexico’s antitrust watchdog said Tuesday it has given approval to DuPont and Dow Chemical to merge on the condition that they sell certain crop protection products and other assets. The asset sales required by Mexico’s Federal Economic Competition Commission (Cofece) is similar to what U.S. antitrust enforcers asked of the two companies and similar to what the firms had agreed to give up in a deal they struck with European regulators in March. Cofece said Dow needs to sell its ...
Basel | Reuters — Switzerland’s Syngenta, the crop protection company acquired by ChemChina, has vowed to bulk up its seeds business and join the chase for assets rival Bayer must sell to gain regulatory approval for its takeover of Monsanto. Syngenta, a distant third in the global seeds market behind Monsanto and Dupont, is determined not to lose ground on its rivals as the seeds and crop-protection sector continues an unprecedented wave of mergers and acquisitions. The Swiss group, the world’s leadi...
Washington | Reuters — Alimentation Couche-Tard has won U.S. antitrust approval to buy rival CST Brands on condition that it sell up to 71 stores in eight states, the Federal Trade Commission said on Monday. Alimentation Couche-Tard, a major Canada-based chain of convenience stores and gas stations, said in August that it would buy the smaller CST, which has the Corner Store markets, for some US$4.4 billion. As of late January, Couche-Tard had 8,081 convenience stores in North America, including 6,710 whi...
World Food Prize goes to African Development Bank presidentDES MOINES, Iowa - The son of a Nigerian farm labourer who rose out of poverty to earn graduate degrees in agricultural economics and spent his career improving the availability of seed, fertilizer and financing for African farmers is the winner of this year's World Food Prize announced Monday.Akinwumi Adesina, president of African Development Bank, says the future of global food security relies on making farming in Africa a profitable business and ...
CNS Canada — Persistent concerns over the state of the U.S. spring wheat crop should place more attention than normal on Canada’s wheat area when Statistics Canada releases updated acreage estimates on Thursday. Ahead of the report, trade estimates for all-wheat area range from 21.5 million to 23.2 million acres, which would compare with the 23.2 million seeded in 2016. Of that total, durum area is generally expected to be down by at least a million acres from the 6.2 million seeded the previous year. ...
Winnipeg | Reuters –– Richardson International, one of Canada’s largest grain handlers, said Monday it had purchased European Oat Millers in a deal that expands its geographic reach. The acquisition of European Oat Millers, the second-largest oat miller in Europe, closed on June 15, Richardson said in a statement. Both companies are privately owned. Winnipeg-based Richardson intends to increase manufacturing capacity of European Oat Millers, which is based in Bedford, England, and look for other oppor...
A combination of hog prices remaining high despite good supplies and a new processing plant in nearby Michigan have Ontario hog farmers optimistic about the near future. “It’s unambiguously good news to have more processing capacity close to Ontario,” said Patrick O’Neil, Ontario Pork’s marketing division manager, at the Ontario Pork Congress. The Clemens Food Group, a vertically integrated pork production company, is building a 550,000-square-foot fresh pork processing plant at Coldwater, Michiga...
Chicago | Reuters — Chicago Board of Trade wheat prices fell about two per cent on Monday, extending their slide to four sessions on profit-taking after a run-up to one-year highs last week, analysts said. Corn and soybeans rose in a light recovery bounce from multimonth lows set last week, and Minneapolis Grain Exchange spring wheat set a 2-1/2-year high on worries about stressful weather hurting production. CBOT July wheat settled down 9-3/4 cents at $4.50 per bushel (all figures US$). July corn ended u...
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Monday, with the August contract up the three-cent per pound daily price limit, helped by buy stops and fund buying, said traders. They said Monday morning’s wholesale beef price upswing and back-month futures’ discounts to last week’s cash prices offset initial selling tied to Friday’s bearish U.S. Department of Agriculture monthly Cattle on Feed report. June, which will expire on Friday, closed 2.275 cen...
Corn 67% and 66% of Soybeans Rated Good To Excellent....
The Climate Corporation made a recent announcement about new aerial image resources, it's just the beginning....
U.S. is one of a number of countries to halt Brazilian beef imports...
Finding frontline workers can be a challenge...
– A new winter wheat variety available for the first time in 2017 has out yielded all other varieties in the Ontario Cereal Crops Committee intensive trials in the last two years....