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. grains: Corn choppy, wheat hits new contract low
Market eyes USDA's monthly supply-demand report for price direction
Feed weekly outlook: Harvest pressure keeps lid on prices
Domestic prices seen weighing on corn imports
Reading Time: < 1 minute MarketsFarm — As the harvest continued across the Canadian Prairies, pressure kept feed grain prices largely in check, according to Crystal Leitch of Market Master Ltd. in Edmonton. “We don’t see things changing too much because pricing is not what it was. There’s some hope that pricing is going to come back up, whether it […] 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
ICE weekly outlook: Little downside for canola, trader says
'I wouldn’t look for a big collapse'
Reading Time: 2 minutes MarketsFarm — After trading rangebound during the week before the Labour Day long weekend, canola started the month of September by taking a tumble. The November canola contract stayed between $800-$821 per tonne from Aug. 24 to Sept. 1, with closing prices between $809-$812/tonne. When ICE Futures resumed trading Tuesday, the price dropped $13.90, to […] Read more
Feed weekly outlook: Feed barley, wheat prices coming down
Feedlots' use of U.S. corn adds pressure
Reading Time: 2 minutes MarketsFarm — Despite a hot and dry summer across much of the Prairies, prices for feed barley and feed wheat have fallen off over the past month. The high-delivered bid for Alberta feed barley was $8.06 per bushel, $1.42 less than one month ago, according to Prairie Ag Hotwire. Those in Saskatchewan and Manitoba were […] Read more
ICE weekly outlook: Harvest pressure, farmer selling to guide canola
New StatCan figures 'right around expectations'
Reading Time: 2 minutes MarketsFarm — Any fanfare from the long-awaited production estimates from Statistics Canada released on Tuesday was gone by the next day. ICE canola futures initially jumped by double digits that morning, but throughout that session the gains faded. By the end of Wednesday’s session, canola was down. “The StatCan report came in right around expectations. […] Read more
CBOT weekly outlook: Corn, wheat lower; soybeans move up
Corn, wheat already face harvest price pressure
Reading Time: 2 minutes MarketsFarm — Corn and wheat futures on the Chicago Board of Trade (CBOT) were on the decline during the week ended Wednesday, but those for soybeans were going in the opposite direction until hitting resistance. The December corn contract ended the week 9.75 cents per bushel lower at $4.8075 per bushel (all figures US$). The […] Read more
Feed weekly outlook: Barley, wheat prices now steady
U.S. corn imports keep lid on barley values
Reading Time: < 1 minute MarketsFarm — Prices for feed barley and wheat didn’t change much for the most part during the week ended Thursday, according to Erin Harakal of Agfinity at Stony Plain, Alta. “This week it has been pretty steady compared to the end of last week,” Harakal said, noting barley prices dropped about $20 per tonne. “Just […] Read more
![“There’s even a question of would harvest equipment be available for 2023. There will be some equipment available, but will it be what you want and [what] fits your needs?” – Bill Campbell, Keystone Agricultural Producers. Photo: iStock/Getty Images](https://static.country-guide.ca/wp-content/uploads/2023/08/23115114/combines-3-silhouette-iStock-660x420.jpg)
Manitoba crop report: dry week helps advance harvest
Cattle producers move herds to hay fields to graze regrowth
Reading Time: 2 minutes MarketsFarm – Dry conditions across crop-growing areas in Manitoba helped the province’s annual harvest get off to a good start during the week ended Aug. 20. Much of the eastern, southern and central regions received two millimetres of precipitation at most during the week with several locations receiving no rainfall at all. The northwest region […] Read more
Feed weekly outlook: Market steady in face of harvest, U.S. corn imports
Imports weigh on domestic barley values
Reading Time: < 1 minute MarketsFarm — The feed grain market in Western Canada is holding reasonably steady as harvest operations progress and corn imports continue to come up from the United States. Anecdotal harvest reports were varied so far, with surprisingly positive results from some growers and others who missed out on showers ending up with lower yields, according […] Read more
A message from April Stewart, Country Guide's Associate Editor
