LIVESTOCK: Beef price surge extends CME live cattle advances — July 21, 2014


Chicago Mercantile Exchange live cattle futures gained for a third straight session, fuelled by sharply higher wholesale beef prices, traders said. August live cattle finished 1.325 cents per lb higher at 152.950 cents, and October 0.925 cent higher at 155.250. Monday morning’s wholesale price for choice beef jumped $2.02 per cwt from Friday to $250.47. […]

French wheat premiums soar as market fears more rain damage — July 21, 2014


Paris/Reuters —  Premiums for higher-quality wheat in France jumped on Monday as heavy weekend rain added to fears that this year’s harvest in the European Union’s top producer and exporter will be spoiled by poor quality. Farmers in eastern France have reported alarming quality indications for wheat, blamed on repeated rainfall in early July in […]

Prairie precipitation — both above- and below normal — July 21, 2014


Torrential rains and flooding in eastern Saskatchewan and Manitoba have captured much of the attention recently, but above-normal rainfall has not been typical of the entire Prairies. This WeatherFarm map showing percentage of normal rainfall for the past 30 days shows a wide range of conditions, including well below normal in the Peace River area and […]

GRAINS: Wheat futures fall a day after Ukraine crash price spike — July 18, 2014


Reuters — U.S. wheat futures fell 3.4 per cent on Friday, erasing gains posted a day earlier following the downing of a Malaysian commercial airliner over eastern Ukraine, while Chicago Board of Trade corn futures also declined and soybeans were mostly lower. Investors were worried an escalation of the conflict between Ukraine and Russia, both […]

soybean field

On the rebound

Higher premiums and strong global demand are rekindling interest in IP soybeans

Ask anyone involved in identity-preserved (IP) or non-GMO soybean trade, and there’s plenty to say in favour of Canada’s reputation abroad and its leadership in quality. Unfortunately, they’ll also tell you that it’s been a tough go in the past two or three years. Since 2010, as total soybean production in Canada has increased, the […]

Whether to spray for fusarium: flowering period is key — July 18, 2014


Wet weather in eastern Saskatchewan and much of Manitoba means farmers likely have fusarium head blight risk on their minds. But cereal grades are only at stake risk if environmental risks match up with flowering, a crop pathologist says. Vikram Bisht, field crop pathologist with Manitoba Agriculture, Food and Rural Development, says two or three […]

Sask. crops in good condition, but falling behind in development — July 18, 2014


CNS — Most of Saskatchewan’s crops were in good condition as of July 14, but many were also falling behind in development, according to the latest crop report from the Saskatchewan Ministry of Agriculture. Though some farmers are still dealing with excess moisture and flooding problems, recent warm weather has helped many crops recover from […]

LIVESTOCK: CME live cattle climb following beef price rebound — July 17, 2014


Chicago/Reuters – Chicago Mercantile Exchange live cattle closed higher on Thursday, driven by short-covering after wholesale beef prices ended their recent downtrend, traders said. Thursday morning’s wholesale price for choice beef rose 85 cents per hundredweight (cwt) from Wednesday to $251.67. Select beef jumped $1.90 to $244.76, according to the U.S. Department of Agriculture. “You are […]

GRAINS: Wheat up on fears political fallout could crimp Black Sea exports — July 17, 2014


Reuters – U.S. wheat futures surged 2 per cent on Thursday, rallying from a recent four-year low on fears of escalating geopolitical tension in the Black Sea region after a Malaysian airliner crashed in eastern Ukraine, traders said. A Ukrainian interior ministry official said the plane was shot down by pro-Russian militants. Corn futures were […]