Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures climbed on Tuesday after a day-earlier slide, underpinned by renewed fears about Black Sea supplies, traders said. Soybeans and corn also firmed, supported by slower-than-expected progress in the U.S. harvest. The most-traded wheat contract on the Chicago Board of Trade (CBOT) gained 63-1/4 cents to $8.93-3/4 a bushel, […] Read more
U.S. grains: Wheat up on new concerns for Black Sea supplies
Corn, soybeans up on slow harvest
Feed weekly outlook: Prairie grain bids see surprising harvest strength
Reading Time: < 1 minute MarketsFarm — Feed grain bids in Western Canada have shown some strength in recent weeks, despite the advancing harvest. “We’ve been seeing a rally through harvest, which is an odd thing,” grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta. said. He tied the unseasonable strength to solid demand and a lack of significant […] Read more
ICE weekly outlook: Canola futures continue trending lower
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in […] Read more
Pulse weekly outlook: Seasonal harvest pressure weighs on Prairie pea bids
Reading Time: < 1 minute MarketsFarm — Pea bids in Western Canada have come under some pressure over the past few weeks, as harvest of the crop nears completion. However, country movement remains light, as producers concentrate on bringing in their remaining grain and oilseed crops. “They want to get done harvest before they worry about (pricing),” said grain broker […] Read more
U.S. grains: Soy, corn futures hit June highs
USDA cuts domestic harvest estimates
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest price since June on Monday and closed near their highs after the U.S. government made bigger-than-expected cuts to its domestic harvest estimate. Corn futures also hit their highest price in more than two months following a reduced production outlook from the […] Read more
ICE weekly outlook: Canola trending lower
November down below $800
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and could be due for more weakness as seasonal harvest pressure picks up over the next few weeks. “That $800 level has been a very important price support point,” said David Derwin, commodities investment advisor with PI Financial in Winnipeg, pointing to […] Read more
Planning to straight cut canola?
PAMI has a few quick tips to help ensure your harvest hits the bin
Reading Time: < 1 minute If you’re planning to straight cut canola this year, you should first have a look at the Prairie Agricultural Machinery Institute’s report on considerations for the practice. These are quick tips from the report, which is available in full at pami.ca. Quick tips Seed early, to allow time for natural drying. Shatter-resistant varieties pose a […] Read more
U.S. grains: Soybean futures fall 1.5 per cent
CBOT corn, wheat firm
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Tuesday as Argentina’s decision to offer farmers a better exchange rate for their crops threatened to raise export competition at a time when U.S. offerings typically dominate the market. “It just makes more product readily available short-term,” said Mark Schultz, chief analyst at […] Read more
Feed weekly outlook: Grain prices start moving upward
New-crop barley already en route to feedlots
Reading Time: 2 minutes MarketsFarm — Hot temperatures and a lack of precipitation in recent days are helping Alberta growers make significant progress, according to Lethbridge-based Market Place Commodities’ president Jim Beusekom. “In southern Alberta, (the harvest) is doing just fine,” he said. “We had some rain last week. Some (had) more, some less. Last week limited how much […] Read more
Manitoba’s sunflower crop smaller, better
Global supply, demand outlooks remain uncertain
Reading Time: 2 minutes MarketsFarm — If Canada’s 2022 sunflower seed harvest is to be the lowest in five years, you wouldn’t know it talking to producers of the crop. In its July satellite image-based principal field crops estimates released Monday, Statistics Canada projected sunflower seed production for the 2022-23 marketing year at 61,996 tonnes, 24.2 per cent lower […] Read more
A message from April Stewart, Country Guide's Associate Editor
