(Alice McFarlane/farmnewsNOW Staff)

By Alice McFarlane

Agriculture Roundup

Agriculture Roundup for Monday February 3, 2020

Feb 3, 2020 | 10:23 AM

Grain and oilseed prices have taken another hit.

P.I. Financial commodity futures advisor Adam Pukalo of Regina said the coronavirus outbreak in China and other parts of the world is raising uncertainty about future demand.

Canola prices have dropped substantially in the last two weeks. He said looking back to Jan. 13, prices were about $493 a tonne on the March futures. Those prices have dropped about $30 a tonne since then.

Pukalo said the other factor is palm oil markets declined 11 per cent in one day, which has brought down the soy markets again.

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Roughly 50 4-Hers took part in the Prairieland Youth Leadership Conference in Saskatoon this weekend

Five scholarships were awarded. Isobel Kinash from the Wishart Multiple 4-H Club placed first and will receive a $4,500 scholarship. Second place and a $3,000 scholarship was presented to Kadence Johnson with the Herds of Thunder 4-H Club, Dylan Watt with the Saskatoon 4-H Beef club placed third and received a $2,500 scholarship.

There were $1,000 scholarships for the fourth and fifth place presented to Tiara Thiessen with the Kerrobert Multiple 4-H club and Katie Wright of the Vanscoy Multiple 4-H Club.

The event is designed to strengthen leadership skills through social, interactive and competitive activities.

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alice.mcfarlane@jpbg.ca

On Twitter: @AliceMcF