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Alberta halts ban on B.C. wine

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tagged alberta bitumen british columbia CFTA Horgan Notley trade bans wine
Alberta will resume imports of wine from British Columbia starting Friday, as the B.C. government prepares to take its concerns over piping crude oil to court. In a brief statement Thursday, Alberta's Premier Rachel Notley said the province has suspended its ban on B.C. wine and will again allow "ordering, receiving and transportation" of B.C. wine products. Notley's announcement follows the B.C. government's decision, earlier Thursday, to prepare a reference for courts to rule on the…
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Southern Ontario median farmland price jumps in 2017

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tagged farmland farmland prices Grey interest rates Lambton land price per acre southern Ontario Valco Wellington
The threat of interest rate increases hasn't dampened the prices southern Ontario farmers are paying for land. The annual Valco study of land values showed an increase in value of 9.76 per cent for farmland sold in 2017 over 2016. This increase is the largest since 2013. The median price for land in the surveyed area is $12,710 per acre, according to Valco, a London, Ont. real estate appraisal company.

The bottom line: Quality…
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Producers vote down Ontario beef checkoff increase

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tagged annual meeting Beef Farmers of Ontario BFO budget checkoff Joe Hill marketing national checkoff
A bid to increase the checkoff producers pay to Beef Farmers of Ontario was quashed when it failed to get the 66 per cent support it needed for approval.

Why it matters: Beef Farmers of Ontario (BFO) pulled from its reserves to pay off a 2017 deficit worth nearly $1 million, and was planning to do the same in 2018 in anticipation of getting the $1.50 per head increase in checkoff approved. The loss of an increased provincial checkoff will…
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Feed weekly outlook: Prairie feed grains following corn’s lead

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tagged barley prices corn prices feed barley feed corn feed grains
CNS Canada -- A lack of available barley and steady rise in feed corn prices has pushed the market higher in southern Alberta. According to Jim Beusekom of Market Place Commodities at Lethbridge, barley prices have risen from $220 per tonne, since the start of February, to the current price of $230 per tonne. "The reason why price has gone up is barley exports," he said, adding that "the price of corn relative to feed barley, has also gained in value." According to Canadian…
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U.S. grains: Soy, corn futures about flat

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tagged argentina cbot closing markets corn futures soybean futures supply and demand USDA wheat futures
Chicago | Reuters -- U.S. grain and soy futures were about flat on Thursday in largely technical-driven trading as investors awaited supply and demand estimates from an annual U.S. Department of Agriculture forum due early on Friday. USDA on Thursday predicted U.S. plantings of corn and soybeans at 90 million acres each and wheat slightly above last year at 46.5 million acres. The estimates were generally in line with analyst expectations. The government will issue longer-term…
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U.S. livestock: CME live cattle extend losses

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tagged cattle futures cattle on feed closing markets CME feeder cattle hog futures lean hog live cattle USDA
Chicago | Reuters -- Chicago Mercantile Exchange live cattle on Thursday lost ground for a second day in a row, weighed down by lower cash prices and an increased supply outlook, traders said. They said sell stops and fund liquidation contributed to market declines. Some investors adjusted positions before the U.S. Department of Agriculture (USDA) monthly Cattle on Feed report on Friday. February live cattle, which will expire on Feb. 28, closed 1.3 cents/lb. lower at 128.35…
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Colder range continues

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tagged Canada CoCoRaHS prairies temperature weather WeatherFarm
Temperatures on the Prairies remained largely parked in a relatively cool range Wednesday as highs touched -6 C around Edmonton, Grande Prairie and Dawson Creek, -10 C around Calgary, Winnipeg, Red Deer and Lloydminster, -13 C around Saskatoon, Regina, Brandon, Weyburn and North Battleford, -14 C around Medicine Hat, Brooks and Dauphin and -19 C around Prince Albert and Melfort. Lows at WeatherFarm stations Wednesday dropped to -19 C around Winnipeg and Portage la Prairie, -24 C around…
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ICE weekly outlook: Canola rides soymeal wave higher

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tagged argentina canola futures canola markets crush margins ICE ICE Futures Canada soymeal
CNS Canada -- ICE Futures Canada canola contracts rode the coattails of a surging soymeal market during the week ended Wednesday, but one big rain in Argentina could halt the rally in its tracks. "If there's more rain in the forecast we will lose ground," said Mike Jubinville of ProFarmer Canada. "The attitude is the smaller (the soybean crop) gets the higher the price." Dry weather in Argentina has had a damaging effect on the outlook for the country's soybean crop. The country…
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CBOT weekly outlook: Soy faces bullish charts, bearish fundamentals

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tagged argentina Brazil cbot corn acres corn futures soybean acres soybean futures swing acres
CNS Canada -- Soybean futures at the Chicago Board of Trade posted solid gains over the past month on the back of weather concerns in Argentina. While there's more room to the upside from a technical standpoint, the fundamentals are starting to become old news. "I think the Argentine story is a little bit exaggerated, and I'm not sure if (soybeans) have much more legs," said Preston Zacharias of CHS Hedging's Russel Consulting Group. However, "from a technical point of view,…
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Cruz urges U.S. biofuel policy revamp at rally for bankrupt refiner

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tagged biofuels policy corn industry oil industry PES refiners Renewable Fuels Standard RFS RINs Ted Cruz Trump
Philadelphia | Reuters -- Republican Senator Ted Cruz of Texas on Wednesday urged President Donald Trump's administration to push for an overhaul of the nation's biofuels policy, during a rally at a Pennsylvania oil refinery that blames its bankruptcy on the controversial regulation. "We need a federal government that stands up for workers, not against them," Cruz, whose state is home to numerous oil refining companies, told a cheering crowd of 1,200 people gathered in a tent on the…
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