Reading Time: < 1 minute United States corn and soybean crops continued to remain at whatever whims the weather brings, according to John Weyer of Walsh Commercial Hedging Services in Chicago.
CBOT Weekly: Still at the behest of the weather
Brazil pushing towards wheat self-sufficiency
Reading Time: 2 minutes The USDA attaché in the country’s capital of Brasilia said the expansion of wheat will include cultivating “tropical wheat” in the savanna-like region in central Brazil known as the Cerrado biome. These varieties of tropical wheat are reported to be better resistant to dry weather.
Increased soybean output to come for Brazil
Reading Time: < 1 minute Ahead of the July supply and demand report from the United States Department of Agriculture, its attaché in Brasilia projected larger soybean production in 2024/25. However, the attaché pegged their soybean estimates below the USDA’s official numbers.
Prairie Wheat Weekly: Most Canadian cash prices step back with U.S. declines
Reading Time: 2 minutes Cash wheat prices across the Canadian Prairies were mostly to the downside for the week ended June 27, as the United States wheat complex was steady to lower. That resulted in losses for Canada Prairie Red Spring Wheat, and Canadian Western Amber Durum, while Canadian Western Red Spring Wheat was mixed.
Feed Grains Weekly: ‘Going to be a lot of grain’ says broker
Reading Time: 2 minutes Feed grain prices took a sharp drop across most of the Canadian Prairies during the week of June 24, as a broker pointed to the potential for good crops this year as the reason why.
ICE Canada Weekly: Canola bouncing around in a large range
Reading Time: 1 minute Although canola futures on the International Exchange have lost a fair bit of value over the last several weeks, there is a case to be made that the Canadian oilseed is rangebound.
Pulse Weekly: Outlook for chickpeas is good
Reading Time: 2 minutes Canadian chickpea acres are most likely going to increase in Statistics Canada’s planted acreage report due out on June 27, according to Colin Young of Midwest Gran Inc. in Moose Jaw, Sask.
ICE Canada Weekly: Little to propel canola upward
Reading Time: < 1 minute Canola across most of the Prairies appeared to be in good shape during the second last week of June, with very little prospect of a major rally according to a trader.
Seeding in Alberta nearly complete, with strong emergence
Reading Time: 2 minutes Spring planting in Alberta was virtually complete according to the province’s latest crop report. As of June 11, seeding in Alberta was a smidge under 100 per cent complete provincewide and on par with the five-year average. The Peace River Region ranked 100 per cent complete for its major crops, while the south, central, northeast […] Read more
Bird flu continues to spread in U.S. dairy farms
Reading Time: < 1 minute The number of dairy farms in the United States that have reported bird flu among their livestock increased to 94 in a dozen states, according to reports. Meanwhile, the Centers for Disease Control said the risk to humans remains low. The CDC noted it’s monitoring more than 500 people with 45 tested for bird flu. […] Read more