Latest news with #summerseason
CTV News
3 days ago
- Entertainment
- CTV News
Summer fun at the Emera Oval
Atlantic Watch Brianne Foley heads to the Emeral Oval in Halifax to check out what's new for the summer season.
Globe and Mail
24-05-2025
- Business
- Globe and Mail
Weaker US$, weather could spur grain bulls after holiday
Happy Memorial Day weekend market watchers! Let us honor those who have and continue to serve our country and remember those who have given the ultimate sacrifice to keep our nation free. Take this opportunity to go visit those family and friends who are now only with us in spirit. This weekend marks the official unofficial start to the summer season! For many of us, it is forecast to be a rainy five days ahead. That is good news for summer crops already planted or about to be, but less ideal for ripening winter wheat near maturity. There is still quite a bit of green out there in wheat and so overcast conditions may still help quality, but for earlier varieties and areas further south, additional precip at this stage could begin to impact quality, particularly test weight. However, I believe we are okay in Oklahoma and north, but there is an above normal probability that the end of May through early June is going to be wetter. US winter wheat conditions actually declined by two percentage points in the Good-to-Excellent ratings this past week led by a ten percent decline in Texas and Colorado, four percent in Montana and two percent in Nebraska. Oklahoma conditions improved by three percent, Kansas by one percent and South Dakota by four percent, but from a very low base at only 23 percent G/E versus last year's 74 percent. Suffice it to say there is a lot of variability around the country, but Oklahoma and Kansas yields are likely to be a decent crop overall, barring any widespread weather issues during this season of severity. Last week's USDA reports that included the 2025/26 wheat production estimates grew the US winter wheat crop to 1.364 billion bushels while versus last year's 1.349 billion bushels while traders were expecting a cut to 1.325 billion bushels. Hard red winter wheat, traded as the KC wheat futures contract, increased to 784 million bushels from 770 million bushels last year while traders were again expecting a decline to 748 million bushels. This increased new crop ending stocks for wheat to 923 million bushels from 857 million bushels expected and 841 million bushels last year. Kansas was a major contributor to these increases with the recent Wheat Quality Council tour pegging this year's state average at 53.0 bushels per acre versus USDA's 50.0 bpa, last year's 46.5 bpa and the five-year average yield of 44.3 bpa. This is a tall order to achieve, but responsible for the relentless selling pressure in wheat that led to managed money setting three weeks of consecutive new record net shorts in KC wheat futures. For now, I believe the lows are in after July KC futures touched a low of $5.00 ¼ on May 13 th. July KC finished the trading week Friday with an inside day on the chart, closing at $5.38 ¾. July Chicago stalled at the 50-day moving average and closed the week at $5.43 ½ despite being a lower protein wheat contract versus the KC. While I could see these contracts softening to their respective 9-day moving averages short-term, I believe we could see more strength return to the KC complex, in particular, especially if the US dollar continues to weaken as it looks set to do. The heat and dryness in China's key wheat province continue to build. Corn and soybean futures rebounded firmly this week with the moving averages beginning to point up as weather premiums return. US corn planting is now 78 percent complete, one percent behind trader expectations, but well ahead of average. US soybean seeding was called 66 percent complete, one percent ahead of expectations and a whole 13 percent ahead of average. The USDA's recent supply side reports assumed trendline yields with corn at 181.0 bpa and soybeans at a new record yield of 52.5 bpa. This plus acreage expectations brought US corn production to 15.820 billion bushels, ahead of average trade guesses as well as the February Outlook Forum. US soybean production was largely in line with expectations, but below both the February Outlook Forum as well as last year. US ending stocks for the coming marketing year were, in fact, lower than expectations for both corn and soybeans. The USDA held soybean yields steady for Brazil and Argentina. World ending stocks for corn and soybeans came in lower than expectations with corn being much lower than both expectations and last year levels. Wheat ending stocks were higher, but in line with last year. With the Trump Administration keen to cut inflation in order to reduce interest rates, I'm expecting much of this to come from lower commodity prices, particularly energy. However, agriculture commodities now trade at their energy equivalents with the sheer volume used in biofuels. Therefore, lower energy could mean lower agriculture commodities with hopes that the Big Beautiful Bill and Farm Bill, with higher reference prices, will help fill the gap. The lower-than-expected renewable energy targets were less than desirable for soybeans and hopefully we will gain more clarity on 45z soon. Recent inflation reports show progress continues towards the Federal Reserve's 2.0 percent objective, but tariff policies cloud the view. We will dive into the policy side deeper once there is signed legislation. While tariff disputes with China have recently cooled, Trump announced a bombshell 50 percent tariff escalation on the EU before the long, Memorial Day weekend. Markets will be closed on Monday with grains re-opening on Monday at 7 PM CDT to start the Tuesday session. The livestock markets will resume trading on Tuesday at 8:30 AM CDT. After the recent $12.50 per cwt selloff in feeder futures that came in just two trading sessions followed by choppy trade, cash trade of fed cattle came back stronger yet with futures catching up with futures discounts still trading below cash. May feeders expired Thursday with August now the front-month. Feeder and fed cattle futures contracts are above the 9- and 20-day moving averages and look set to resume the bullish trend after the Thursday break higher. USDA's monthly Cattle-on-Feed report for May was released Friday at 2 PM CDT. May 1 st on-feed numbers came in as expected at 98.5 percent of last year while April placements were higher than expected at 97.4 percent versus 96.8 percent. April marketings also came in higher than expected at 97.5 percent versus 96.7 percent. While these reports provide a perspective, cash prices are hard to ignore. Fed cattle trade summary for the week topped out at $220 in Texas and Kansas and $231 in Nebraska, although we didn't confirm any head traded at that level in the north. Regardless, June fat futures traded to a high of $216 on Friday, $4 below the cash price. There are gaps higher on the feeder contracts with the gap filled on August feeders at $301.325. Unless we hear of other headwinds, cattle markets look set to move higher next week even once the gap is filled. These are fantastic price levels, but we could trade above this $3.00 mark for a bit longer, but don't lose perspective of these price levels. Feeders are just shy of the record net long. Watch for a new record net long to gauge a potential turning point, but the bulls seem to be back in charge for now. Sidwell Strategies is the one-stop shop to protect cattle with futures, puts, LRP or a combination of all, which is probably the best strategy overall. If you're ready to trade commodity markets, give me a call at (580) 232-2272 or stop by my office to get your account set up and discuss risk management and marketing solutions to pursue your objectives. Self-trading accounts are also available. It is never too late to start and there is no operation too small to get a risk management and marketing plan in place. Wishing everyone a successful trading week! Let us know if you'd like to join our daily market price and commentary text messages to stay informed! Brady Sidwell is a Series 3 Licensed Commodity Futures Broker and Principal of Sidwell Strategies. He can be reached at (580) 232-2272 or at brady@ Futures and Options trading involves the risk of loss and may not be suitable for all investors. Review full disclaimer at
Skift
22-05-2025
- Business
- Skift
Ryanair's Rosy Summer Ahead
Don't read too much into Ryanair's January-March quarter, the Irish low-cost giant still looks set for a fantastic summer season, boosted by tight supply and robust demand. In this episode of the Airline Weekly Lounge, hosts Gordon Smith and Jay Shabat delve into the latest financial results at Ryanair, discussing its operational strategies, challenges, and future outlook. They also explore the significant aircraft order placed by Qatar Airways and analyze the implications of the deal in the context of the current aviation market and geopolitical factors. Listen to This Podcast Apple Podcasts | Spotify | YouTube | RSS Takeaways
CBC
15-05-2025
- Business
- CBC
What's open and closed in Ottawa on Victoria Day
Social Sharing The Victoria Day long weekend marks the beginning of the summer season for many Canadians. The federal holiday on Monday means most businesses and public facilities won't be open, with a few exceptions. Here's a look at what's open and closed in Ottawa on Victoria Day this Monday, May 19. Retail Certain areas of the city, such as the Glebe and ByWard Market, can open stores on holidays under the province's Retail Business Holidays Act if they want. This also applies to grocery stores. The Rideau Centre and Tanger Outlets will be open from 10 a.m. to 6 p.m. Bayshore Shopping Centre and St. Laurent Shopping Centre are closed. Place d'Orléans will also be closed, but with some unspecified exceptions. Groceries Most grocery stores in the city will be closed, but there are a few exceptions in places under the act mentioned above. Alcohol All LCBOs will be closed. Five Ottawa Beer Stores will be open 11 a.m. to 6 p.m. Parking and transit All City of Ottawa parking regulations and restrictions will apply. OC Transpo will run on a Sunday schedule. Confederation Line trains will run from about 8 a.m. to 11 Trillium Line will run from about 7:30 a.m. to 11:30 p.m. The Rideau Centre OC Transpo Customer Service Centre will be open. The OC Transpo Lost and Found at St-Laurent Station will be closed. Regular Para Transpo bookings or recurring trips for Monday are automatically cancelled. Customers can book trips online or by calling 613-560-5000. Recreation Many community centres and recreation facilities will have altered hours and changes to drop-in schedules. City-operated museums, Meridian Theatres @ Centrepointe, and Shenkman Arts Centre will be closed. The National Gallery of Canada and agriculture, aviation, history, nature, science and war museums are open. The Ottawa Art Gallery and Diefenbunker will be closed. Splash pads open on May 16, weather permitting. Washrooms open at Mooney's Bay, Britannia and Petrie Island beaches on May 17. City services There will be no garbage, recycling, green bin or bulky item collection. Pick up will resume on Tuesday and collection will be delayed by one day for the rest of the week. Ottawa City Hall and client service centres at Ben Franklin Place, 580 Terry Fox Dr. and 255 Centrum Blvd. will be closed. The provincial court at 100 Constellation Dr. will also be closed. The city's 311 contact centre will be open for urgent matters. The Trail Road Waste Facility will be open from 9 a.m. to 5 p.m. All branches and services of the Ottawa Public Library will be closed. Digital content will still be available through its website. Health, dental, and child care services The Sexual Health Clinic and satellite clinics will be closed. The Health811 line will be open. City child-care centres will be closed. The Parenting-In-Ottawa drop-ins will be closed. The city's dental clinics will be closed.
