Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $545.80 per tonne, gaining over $10 since closing at $534.90 on Monday. Record-high temperatures in parts of the Prairies were part of the reason behind canola’s rally. However, temperatures are […] Read more
ICE weekly outlook: Canola stronger at midweek
U.S. grains: Corn declines on long liquidation
Soybeans lower, wheat rallies
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined on Monday as funds scaled back long positions ahead of the U.S. presidential election, and forecasts called for optimal weather in the Midwest, where farmers are wrapping up the harvest of corn and soybeans, analysts said. Wheat futures turned higher, rallying on bargain-buying after a five-session slide. […] Read more
U.S. grains: Wheat slides on profit-taking, weather
January soybeans up, December corn flat
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures fell on Friday for a fifth straight session, retreating from multi-year highs set last week, on fund-driven long liquidation and improving crop prospects in the southern U.S. Plains, analysts said. Soybean futures firmed on export demand while corn settled narrowly mixed, with the front December contract losing relative […] Read more
CBOT weekly outlook: After October rally, November ‘is for bears’
Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have seen a counter-season rally, with a correction expected in the near future. “Markets are definitely overbought,” said Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. “It’s harvest and we’re still rallying.” World weather conditions are part of the driving force behind the rally, […] Read more
Study shows how U.S. farm landscapes could be reshaped by climate
Plains' wheat belt would see 'hollowing-out'
Reading Time: 2 minutes London | Thomson Reuters Foundation — Climate change could render swaths of agricultural land largely useless for farming in the U.S. South, and force Midwestern farmers to move corn and soybeans elsewhere as crop yields decline, researchers said on Monday. The profits of growing six key crops are set to fall by almost a third […] Read more
Prairies can expect far better harvest weather this fall
Reading Time: < 1 minute MarketsFarm — Prairie farmers are likely going have good weather over the next few weeks, according to Scott Kehler of Weatherlogics. “We got a pretty significant warm-up across most of the Prairies through to the end of September. It should be fairly warm and not too much in the way of precipitation,” he said. “At […] Read more
La Nina present, 75 per cent chance seen through 2020 winter
Reading Time: < 1 minute Reuters — La Nina conditions were present in August, and have a 75 per cent chance of continuing through the Northern Hemisphere winter of 2020-21, a U.S. government weather forecaster said on Thursday. The La Nina pattern is characterized by unusually cold temperatures in the equatorial Pacific Ocean. A borderline moderate La Nina event is […] Read more
Feed weekly outlook: Early harvest pressures Alberta prices
Reading Time: < 1 minute MarketsFarm — Feed prices in Alberta took something of a tumble this week, Allen Pirness of Market Place Commodities in Lethbridge reported. Feed prices in Manitoba and Saskatchewan, meanwhile, were steady. “Six weeks ago we were seeing harvest, at best, at the end of August. With the heat wave that’s been upon us the last […] Read more
CBOT weekly outlook: Benign weather keeps corn, soybeans pointed down
Reading Time: < 1 minute MarketsFarm — Good U.S. Midwestern weather should keep the bias to the downside in corn and soybean contracts at the Chicago Board of Trade over the next few weeks, according to an analyst. Corn hit fresh contract lows on Tuesday before showing some recovery Wednesday, but “it’s not looking like it’s hit a bottom just […] Read more
Saskatchewan crops in decent shape heading into August
Reading Time: < 1 minute MarketsFarm – Crops throughout Saskatchewan rated as being in fair to good condition, according to the latest weekly crop report from Saskatchewan Agriculture. As of July 27, spring cereals, canola, field peas and soybeans were said to be in fair to excellent. The report said winter wheat and fall rye were ripening and maturing. Harvest […] Read more
A message from April Stewart, Country Guide's Associate Editor
