Reading Time: 2 minutes MarketsFarm — Canadian farmers will likely grow less canola and more barley in 2019, though the jury is out on exact acreage numbers ahead of Statistics Canada’s seeded area estimates due out Wednesday. Barley prices have hit “historic highs” thanks to inclement corn-growing weather in the United States, which has buoyed most feed grain prices. […] Read more
Less canola, more barley area expected in next StatsCan report
Corn down, soybeans steady in latest U.S. supply/demand report
Reading Time: 2 minutes MarketsFarm — Corn production in the U.S. has been projected to drop by almost nine per cent in 2019, according to the latest world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). The department released its report on June 11, with some notable changes and ‘non-changes’ compared to its May […] Read more
U.S. grains: Corn, soy rise as report shows rain slows plantings
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade (CBOT) corn futures rose on Tuesday to revisit last week’s three-year highs after the U.S. Department of Agriculture said U.S. planting was well behind the average pace for this time of year following repeated rainfall. Soybeans rose too as rain also slowed U.S. sowings, according to the […] Read more
Feed weekly outlook: Weather buoys grain prices
Reading Time: < 1 minute MarketsFarm –– A dry spring on the Prairies, coupled with intensely wet weather south of the border, has frustrated producers and supported higher feed grain prices. Barley prices have rallied “quite strongly” due to dry weather observed across most of the Prairies, combined with tight supplies from previous years, said Nelson Neumann of Agfinity in […] Read more
CBOT weekly outlook: Trade volatile ahead of USDA announcement
Reading Time: 2 minutes MarketsFarm — The Chicago Board of Trade saw “a wild ride of volatility” on Wednesday, following rumours of a U.S. Department of Agriculture farm aid package that could top US$15 billion. The package would include payments of about $2 per bushel for soybeans and four cents per bushel for corn, according to Bloomberg. An official […] Read more
Pulse weekly outlook: Planted green, yellow peas lower prices
Reading Time: < 1 minute MarketsFarm — Green and yellow pea seeding is well underway across the Prairies, causing new-crop prices to slide marginally while spot prices hold firm. As Dale McManus, a broker with Johnston Grain at Welwyn, Sask., explained, seeded acres and new crop prices have an inverse relationship: as seeded acres rise, new crop prices fall. Producers […] Read more
U.S. grains: Export worries, big supplies drag soybean futures to new lows
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to fresh contract lows on Wednesday, pressured by sluggish exports and worries that rain-delayed U.S. corn seeding would expand the number of acres planted with soybeans, which can be sown later in the spring. Corn futures firmed as soggy fields around much of the Midwest and forecasts […] Read more
Pulse weekly outlook: Most Canadian pulse acres to decline
Reading Time: 2 minutes Corrected, May 1 — MarketsFarm — Canadian farmers have been projected to plant fewer acres of pulses, according to Statistics Canada. “Keeping in mind this is the seeding intentions report based on a survey of growers from the beginning of March. It’s as current as the day it was collected,” said Carl Potts, executive director […] Read more
U.S. grains: Corn higher on wet weather forecast
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose about one per cent on Friday as wet weather forecast for the Midwest crop belt prompted short-covering, analysts said, while soybeans fell to multi-month lows. Wheat futures firmed slightly but still recorded a weekly decline as ample global supplies anchored the market. Chicago Board of Trade July […] Read more
Feed weekly outlook: Western Canadian market stabilizing
Reading Time: < 1 minute MarketsFarm — Western Canadian feed grain prices have come under pressure over the last month, but appear to be stabilizing as attention turns to spring seeding across the Prairies. “We’ve been steadily dropping for the past few weeks, and it’s leveled out now,” said Tracey Green, grain broker with Market Master Ltd. in Edmonton. Buyers […] Read more
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