Reading Time: < 1 minute MarketsFarm — Canola production numbers for Canada as estimated by the U.S. Department of Agriculture underwent several changes for the 2022-23 and 2023-24 crop years. The data for Canada was among the estimates USDA’s Foreign Agricultural Service (FAS) put in its monthly report, Oilseeds: World Market and Trade. The FAS dropped its production estimates on […] Read more
Numerous revisions to USDA’s data on Canadian canola
Outlooks raised for ending stocks, cut for domestic use
U.S. grains: Futures sharply lower on U.S. harvest outlook
Wheat bounces on smaller-than-expected world stocks forecast
Reading Time: 1 minute New York | Reuters — Chicago soybeans plummeted to a three-week low and corn sharply dropped on Tuesday after a government report said crops were not hampered as much as some traders had expected by hot and dry summer weather. The U.S. Department of Agriculture raised its outlook for the corn harvest, as expectations for […] Read more
U.S. livestock: CME cattle futures end mixed after hitting new highs
CME lean hogs mostly higher
Reading Time: 2 minutes Chicago | Reuters — Most of the Chicago Mercantile Exchange feeder and live cattle futures hit new contract highs again on Tuesday, as tight U.S. supplies and forecast of a strong cash market added fuel to a bull rally, traders said. But by the end of the session, both live and feeder cattle futures were […] Read more
U.S. grains: Corn choppy, wheat hits new contract low
Market eyes USDA's monthly supply-demand report for price direction
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures were choppy and wheat futures slid to the lowest level since May on Monday as traders scrambled to adjust their positions ahead of a key government crop report. Corn futures firmed late in the session on short-covering, and as market players debated how big the cuts to the […] Read more
U.S. livestock: CME feeder cattle, deferred live cattle hit new highs
October lean hogs also close higher
Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle futures and deferred live cattle futures hit new contract highs on Monday, as tight U.S. supplies going into next year continued to fuel the bull market, traders said. Even Chicago Mercantile Exchange’s October and December live cattle futures surged within $1 of their contract highs, fueled by optimism […] Read more
P.E.I. potato growers, CFIA to draft plan for ‘pest-free places’
Plan would support movement of seed potatoes, feds say
Reading Time: 2 minutes A system of “pest-free places of production” (PFPP) is now on the drawing board for Prince Edward Island’s potato sector, following a meeting between federal and industry officials. Federal Agriculture Minister and P.E.I. MP Lawrence MacAulay on Friday reported meeting with staff and representatives of the P.E.I. Potato Board, to discuss next steps in the […] Read more
U.S. grains: Wheat hits three-month low
Soy sets two-week low before U.S. crop report
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures hit their lowest price in more than three months on Friday, while soybean futures rose from a two-week low as traders waited for updated U.S. crop data. Trading was choppy and subdued before the U.S. issues its monthly world agricultural supply and demand estimates (WASDE) […] Read more
U.S. livestock: CME feeder cattle, deferred live cattle set highs on tight supply
Hog futures down on lower export sales
Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle futures and deferred live cattle futures climbed to new peaks on Friday, as limited U.S. supplies continued to propel prices. Inventories of U.S. cattle dwindled to their lowest levels in decades after producers reduced their herds over the last year because drought reduced the availability of pastures for […] Read more
U.S. livestock: CME feeder cattle set contract high, live cattle hit July high
Hogs up but within yesterday's range
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed to a July high on Thursday while feeder cattle set new contract highs. Tight supplies continue to support the markets, analysts said, after U.S. producers reduced their cattle herds over the last year as drought limited the availability of pastures for grazing. October live […] Read more
U.S. grains: Soy futures stumble as trade awaits harvest, crop data
U.S. corn harvesting starts early in some areas
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Thursday as grain traders waited for farmers to harvest their fields and the government to release updated crop estimates next week. Most-active soybean futures ended down 16-3/4 cents at $13.59-1/2 a bushel at the Chicago Board of Trade (all figures US$). CBOT wheat futures declined 9-1/4 […] Read more
A message from April Stewart, Country Guide's Associate Editor
