Reading Time: 2 minutes MarketsFarm — Weather and less-than-stellar crop conditions were the primary factors that caused week-long rallies on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Ongoing dryness in most areas of the U.S. saw crops begin to deteriorate. The corn crop dropped six points to 55 per cent good to excellent as of […] Read more
CBOT weekly outlook: Weather fuels rallies in grain prices
Rains expected in U.S. Plains states
Prairie cash wheat: Spring wheat bids higher, durum down
Not much rain outside northern, central Alberta
Reading Time: 2 minutes MarketsFarm — Warmer-than-normal temperatures and ongoing dryness in both Western Canada and the U.S. helped raise Prairie wheat bids for the week ended Thursday. Rains fell onto parts of northern and central Alberta on Thursday, but the rest of the Prairies only saw sporadic showers, if any, during the week. Traders on the Chicago Board […] Read more
Feed weekly outlook: Prices, shipments steady as dryness continues
Drought 'priced into the market already'
Reading Time: 2 minutes MarketsFarm — Demand for feed grains at Alberta feedlots continues unabated as more corn from the United States makes its way into the province. “Demand at feedlots has been status quo. Feedlots are buying imported U.S. corn and DDGS. Along with that, there is also barley and feed wheat. They are getting enough supplies right […] Read more
Pulse weekly outlook: Saskatchewan pulses dealing with dryness
Too early to know what effect grasshoppers, smoke will have
Reading Time: 2 minutes MarketsFarm – Seeding went well across the province thanks to hot and dry temperatures following a cool spring, said Saskatchewan Pulse Growers (SaskPulse) executive director Carl Potts. However, the dry conditions are still cause for concern. “A later-than-normal start, but we wrapped up seeding within that normal window that growers typically do,” Potts said. “(It […] Read more
ICE weekly outlook: Canola finds support from funds, weather
Crude oil markets also a factor
Reading Time: 2 minutes MarketsFarm — After being in a steady decline over the past month, the ICE Futures canola market was on the rise for the week ended Wednesday. The July canola contract closed Wednesday at $670.30 per tonne, an increase of $20.70 from the week before. Meanwhile, the November canola contract rose $22.60 per tonne over the […] Read more
CBOT weekly outlook: Quick seeding bringing down prices
U.S. debt ceiling negotiations affected crude oil prices, agricultural commodities mostly immune
Reading Time: 2 minutes MarketsFarm – Prices for corn, soybeans and wheat on the Chicago Board of Trade (CBOT) were pressured by fast planting paces during the week ended May 31, according to one trader. The U.S. Department of Agriculture (USDA) reported on May 30 that 92 per cent of the country’s corn crop was planted as of Sunday, […] Read more
Feed weekly outlook: Rain falls, grain prices to follow
U.S. corn values expected to decline
Reading Time: 2 minutes MarketsFarm — Feed grain prices in Western Canada are showing the usual seasonal weakness as spring seeding continues, but prices are set to fall further. “I think as we get going, (prices) are going to lower down quite a bit,” Mike Fleischhauer of Eagle Commodities Ltd. at Lethbridge said. “The corn market over the next […] Read more
Pulse weekly outlook: Better growing conditions despite dryness, smoke
Continued smoky skies could slow crop development
Reading Time: 2 minutes MarketsFarm — While dry conditions persist across the Prairies, the current situation for pulses is not as bad as during the two previous springs, according to Pulse Canada’s director of market access and trade policy. Mac Ross said dryness is largely evident across Western Canada and many crops are still below their five-year averages for […] Read more
ICE weekly outlook: Unclear where canola wants to go
Soy complex's trend much more apparent
Reading Time: 2 minutes MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday, […] Read more
Prairie cash wheat: Bids rise ahead of U.S. WASDE report
Warmer weather should help advance spring seeding
Reading Time: 2 minutes MarketsFarm — Bids for red spring wheat in Western Canada went up, while durum prices declined for the week ended Thursday as traders and analysts await the latest data from the U.S. Department of Agriculture (USDA). USDA released its monthly world agricultural supply/demand estimates (WASDE) report on Friday, including the first production estimates for new […] Read more
A message from April Stewart, Country Guide's Associate Editor
