Reading Time: < 1 minute Statistics Canada on Tuesday released new model-based estimates for the country’s principal field crops, projecting “substantial” yield declines for most of the major crops grown in Canada, due mainly to drought conditions across much of Western Canada during much of the growing season. The previous Friday, the U.S. Department of Agriculture released its latest world […] Read more
Interview: Counting crops in advance
Reviewing the latest from StatsCan and USDA
U.S. grains: Wheat firms on global supply cuts
Corn inches higher as U.S. crop ratings decline
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures firmed two per cent on Tuesday, strengthened by global supply concerns amid strong demand, while a weaker U.S. dollar supported U.S. trade. Corn inched higher after a weekly decline in U.S crop conditions reported by the U.S. Agriculture Department (USDA). Soybeans traded both sides of even before easing […] Read more
U.S. grains: Soybeans firm, fail to erase earlier losses
Wheat around seven-week low as world supply concerns ease
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures firmed on Friday, following the U.S. Agriculture Department’s monthly supply and demand report showing a drop in harvested U.S. acres, though much of the reports findings had been anticipated by earlier trading. Corn traded near even, while wheat edged lower after touching a new seven-week low, pressured by […] Read more
U.S. grains: Corn, soybean, wheat fall ahead of USDA report
StatsCan stocks report dragged on wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to their lowest in 7-1/2 months on Thursday, under pressure from expectations that the U.S. government will raise its domestic production forecast, traders said. Wheat futures sank 2.4 per cent to their lowest in more than a month on follow-through technical selling after a Canadian report on […] Read more
ICE weekly outlook: Canola market awaits harvests, USDA
Reading Time: < 1 minute MarketsFarm — Canola contracts on the ICE Futures platform drifted lower during the week ended Wednesday, although the market remains stuck in a sideways trading pattern overall as participants try to get a better handle on the size of this year’s crop. An upcoming supply/demand report from the U.S. Department of Agriculture also has the […] Read more
CBOT weekly outlook: ‘Tricky’ USDA report due Friday
Reading Time: 2 minutes MarketsFarm — With the U.S. Department of Agriculture (USDA) set to issue its monthly supply and demand estimates (WASDE) on Friday, a broker said it will be a “tricky report.” That’s because of the impact Hurricane Ida had on the U.S. transportation system, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. In particular, […] Read more
U.S. grains: Soybeans, corn, wheat end firmer on bargain buying
Markets up off fall from Ida damage
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Thursday on bargain buying after a six-session slide and better-than-expected weekly export sales data, analysts said. Corn and wheat futures also edged higher, consolidating after recent declines. Chicago Board of Trade November soybeans settled up 5-1/2 cents at $12.83-1/4 per bushel, bouncing a day after hitting […] Read more
CBOT weekly outlook: Soybeans, corn looking past hurricane
Reading Time: 2 minutes MarketsFarm — Hurricane Ida has wreaked havoc on the U.S. Gulf Coast, pressuring Chicago Board of Trade soybean and corn futures as exports face disruptions — but the market is reacting more to what’s coming next than what has already happened, an analyst says. “I don’t know what the ramifications, if any, are for the […] Read more
U.S. reports world’s first deer with COVID-19
Reading Time: < 1 minute Chicago | Reuters — The U.S. government said Friday it had confirmed the world’s first cases of COVID-19 in deer, expanding the list of animals known to have tested positive for the disease. The U.S. Department of Agriculture reported infections of SARS-CoV-2, the virus that causes COVID-19, in wild white-tailed deer in the state of […] Read more
Washington state eradicates first ‘murder hornet’ nest of the year
Nest found in northwestern county near B.C. border
Reading Time: 2 minutes Reuters — Washington state eradicated its first Asian giant hornet nest of the year by vacuuming out 113 worker hornets and removing bark and decayed wood near the nest, Washington State Department of Agriculture (WSDA) officials said Thursday. The so-called stinging “murder hornets,” the world’s largest hornets, can grow to five centimetres in length and […] Read more
A message from April Stewart, Country Guide's Associate Editor
