Reading Time: < 1 minute MarketsFarm — Market expectations ahead of a crop production report due out Wednesday from the U.S. Department of Agriculture are for increases in U.S. soybean and corn yields. “I get the sense the trade is looking for the USDA to up corn yields by 1.9 bushels per acre, to 180.4 bu./ac., while soy yields are […] Read more
Yield, production increases expected from USDA
Prairie cash wheat: Loonie, U.S. prices trigger steep declines
U.S. wheat futures well down on week
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were significantly lower for the week ended Thursday. Those includes double-digit losses for Canada Western Red Spring (CWRS) wheat and Canada Prairie Spring Red (CPSR). Losses in Canada Western Amber Durum (CWAD) were relatively smaller. Pressure came from sharp losses in U.S. markets and equally sharp gains in […] Read more
ICE weekly outlook: Weaker U.S. dollar ripples into canola
Reading Time: < 1 minute MarketsFarm — As the Canadian dollar continues its rise, the adverse effects on canola could become more pronounced, according to Errol Anderson of ProMarket Communications in Calgary. Anderson’s expectations are for the loonie to hit a range of 75-77 U.S. cents, which could see canola drop $5-$10 per tonne. “The loonie, even though our economy […] Read more
Pulse weekly outlook: Good year for Alberta pulses, except in northern regions
Reading Time: 2 minutes MarketsFarm – Pulse crops are doing quite well in most of Alberta, according to the province’s agriculture department. However in the Peace River and northwest regions, the story has been much different. “This year, crop conditions are better than the five-year average in both the south and central regions. In the northern region, excess moisture […] Read more
CBOT weekly outlook: The good and bad between the U.S., China
Reading Time: 2 minutes MarketsFarm — The current relationship between the United States and China has continued to be rather chaotic, according to Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill. Despite the two countries’ diplomatic row, China has sharply picked up its purchases of U.S. soybeans. Georgy pointed to the 715,000 tonnes purchased by China on […] Read more
Pulse weekly outlook: Saskatchewan pulses heading for a good year
Reading Time: < 1 minute MarketsFarm — Pulse crops in Saskatchewan are in shape to have a good year, according to Dale Risula, a pulse specialist with the province’s agriculture department. “Pulses got off to a pretty good start. Moisture levels in the soil were pretty good. Most of the pulses were up and growing rapidly,” Risula said, noting pulse […] Read more
ICE weekly outlook: Higher loonie, lower canola
Reading Time: 2 minutes MarketsFarm — As the Canadian dollar pushes higher, canola prices could drop to the low end of its support or further, according to Errol Anderson of ProMarket Communications in Calgary. The loonie closed Wednesday at 73.89 U.S. cents, after stepping above 74 U.S. cents a number of times during trading. At the end of the […] Read more
USDA’s July WASDE has little effect on markets
U.S. Midwest weather likely having greater effect
Reading Time: 3 minutes MarketsFarm — There were some notable changes in the carryovers for corn, soybeans and wheat in the July supply and demand report from the U.S. Department of Agriculture released Friday. However, the monthly world agriculture supply and demand estimates (WASDE) had very little effect on the markets, according to MarketsFarm analyst Mike Jubinville. “I think […] Read more
Feed weekly outlook: Prices to soften as new crop year nears
Reading Time: < 1 minute MarketsFarm — Prices for feed barley and wheat will decline as the new crop year gets closer, according to Erin Harakal, senior trader with Agfinity at Stony Plain, Alta. Harakal said the new crop should start coming off of the fields around the end of August and the beginning of September. “Usually at this time […] Read more
Rail unloads at Vancouver, Thunder Bay ahead of last year’s pace
Reading Time: 2 minutes MarketsFarm — The numbers of railcars unloaded at each of Canada’s major grain ports varies as to whether they’re ahead of last year’s pace, according to a report from Quorum Corp. Terminal unloads at Vancouver jumped 22 per cent during week 47 of the 2019-20 crop year, compared to the same week in 2018-19. For […] Read more
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