Reading Time: < 1 minute MarketsFarm — Well covered with grain for now, feedlots are beginning to set their sights on the new crop. Drought conditions on the Prairies and the U.S. northern Plains are causing new-crop feed wheat and feed barley prices to go up, according to a Saskatchewan-based trader. “Demand for old crop (is) dwindling and the focus […] Read more
Feed weekly outlook: New-crop prices to rise
ICE weekly outlook: Weather, carryout support canola
Reading Time: 2 minutes MarketsFarm — As higher-than-normal temperatures become almost a weekly occurrence in Western Canada amidst tightening carryout stocks, canola seems primed for another extended rally. Despite rains in Western Canada over the past three weeks, providing some relief for canola crops and triggering fund liquidation on the markets, carryout remains very low, with warmer temperatures exacerbating […] Read more
U.S. grains: Wheat rallies on Plains weather concerns
Chicago soybeans, corn weaker
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday, led by gains in MGEX spring wheat contracts that firmed on concerns that dry conditions in key growing areas of the northern U.S. Plains and Canada could limit the size of the harvests. Soybean futures were lower as improving crop prospects in the U.S. Midwest […] Read more
CBOT weekly outlook: MGEX wheat spread widens over winter wheats
Reading Time: 2 minutes MarketsFarm — Hot, dry growing conditions in key spring wheat-growing regions of the northern U.S. and Canadian Prairies have seen Minneapolis (MGEX) spring wheat futures widen their spread over Chicago and Kansas City winter wheat contracts over the past few weeks — with additional strength likely given the current weather forecasts. Nearby spring wheat futures, […] Read more
Flea beetles a nuisance for canola crop
Reading Time: 2 minutes [UPDATED: June 22, 2021] MarketsFarm — Western Canada’s canola crop has been hit hard by hot, dry weather so far this growing season in the midst of ongoing drought conditions — which may also be aiding another threat. *Across the Prairies, flea beetles are an oft-seen pest that feeds on both canola and mustard seedlings, […] Read more
ICE weekly outlook: Weather, soy complex weaken canola
Reading Time: 2 minutes MarketsFarm — Wet weather on the Prairies and U.S. northern Plains has brought downward pressure on ICE Futures canola prices, taking the market off the contract highs hit in early June. Losses in palm oil and soyoil were also bearish. While precipitation, or the potential of it falling over canola-growing areas in Western Canada and […] Read more
CBOT weekly outlook: Weather market expected for rest of month
Reading Time: < 1 minute MarketsFarm — The weather is just one of the factors guiding futures values at the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago. As prices have fluctuated with hot and dry weather interrupted by rain, Reilly noted there’s more to the ebbs and flows than the latest […] Read more
Pulse weekly outlook: Timely rains benefitting Saskatchewan crops
Reading Time: < 1 minute MarketsFarm — As with crops across the Prairies, pulses in Saskatchewan got a much timely shot in the arm with recent rainfall, according to Carl Potts, executive director of Saskatchewan Pulse Growers. “I think pulse crops have benefitted from the rains we’ve had over the last two or three weeks here in the province,” he […] Read more
U.S. grains: Corn, soy sag as crop weather outlook improves
Moisture stress remains in parts of Corn Belt
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell by almost four per cent on Monday on forecasts for improving crop weather in the Midwest, including cooler temperatures and beneficial rains late this week, analysts said. Soybeans fell more than two per cent and wheat followed the weaker trend as the U.S. winter wheat harvest got […] Read more
ICE weekly outlook: Canola market pits weather against supplies
Reading Time: 2 minutes MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern Alberta received rain, followed by […] Read more
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