Reading Time: 2 minutes Western Canadian wheat bids were mostly higher during the week ended Sept. 5, following the lead of United States wheat futures. The U.S. Department of Agriculture reported the country’s spring wheat harvest to be 70 per cent complete as of the start of September, matching the five-year average and being two points ahead of last […] Read more
Prairie Wheat Weekly: Most Western Canadian wheat bids rise
Feed Weekly: More grain to enter feed markets
Reading Time: 2 minutes Feed barley and feed wheat are in no short supply on the Prairies, according to Jim Beusekom, president of Market Place Commodities in Lethbridge, Alta. He has recently seen light test-weight barley and wheat coming from various places in Western Canada being shipped to feedlots. Beusekom added the feed grains were coming from “almost everywhere […] Read more
ICE Weekly: Canola market suddenly in a very bad position
Reading Time: 2 minutes China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more
CBOT Weekly: Soybeans, corn off lows, sideways trade likely through harvest
Reading Time: < 1 minute Soybean, corn and wheat futures in the United States were all showing modest strength in early September, recovering off their August lows as speculators bought back previously sold positions. “We’re seeing a little bit of short covering in these markets and the contract lows, at least over the short term, may be in,” said Terry […] Read more
Australian crop production estimates rising: ABARES
Reading Time: < 1 minute Australian wheat and barley production in 2024/25 is expected to be larger than earlier estimates and well above what was grown the previous crop year, according to updated estimates from the Australia’s agriculture department (ABARES). Wheat production was forecast at 31.8 million tonnes in the September ABARES report, which would be up by 2.7 million […] Read more
Pulse Weekly: Australian chickpea crop sees major expansion
Reading Time: < 1 minute Australia will see its largest chickpea crop in nearly a decade, according to winter crop production estimates released by the Australian Bureau of Agricultural and Resource Economics (ABARES) on Sept. 3. The agency forecasted 1.333 million tonnes of chickpea production over a seeded area of 1.900 million acres for the 2024-25 crop year, 70 per […] Read more
USDA adjusts August supply and demand numbers
Reading Time: 2 minutes While the United States Department of Agriculture raised its yield projections for 2024/25 in its latest supply and demand report on Aug. 12, production varied from the July estimates due to changes in the amount of planted acres. The August edition of the USDA’s World Agricultural Supply and Demand Estimates is its first report in […] Read more
USDA forecasts record soy, bumper corn crops
Reading Time: < 1 minute Reuters – The U.S. Department of Agriculture raised its estimates for corn and soybean production from a month earlier on Monday, adding to expectations of hefty global supplies of both crops. The agency raised its estimate for the 2024/25 soybean crop to a record 4.589 billion bushels, above 4.435 billion bushels seen last month and exceeding 4.469 billion bushels expected by analysts. USDA forecast a […] Read more
Ukraine boosts grain exports despite intensified Russian attacks
Reading Time: 4 minutes Kyiv/London | Reuters – Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has made in the Black Sea area to boost exports even as Russia has attacked its ports. Ukraine is a major global wheat and corn grower and before Russia’s invasion in 2022 […] Read more
Prairie Wheat Weekly: Prairie wheat bids trend lower with U.S. futures
Reading Time: 2 minutes Spring wheat bids in Western Canada fell sharply lower during the week ended June 13, seeing a continuation of the previous week’s declines as losses in the United States futures weighed on values. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by C$16.00 to C$18.40 per tonne across the Prairies, according […] Read more
A message from April Stewart, Country Guide's Associate Editor
