Reading Time: 2 minutes Chicago | Reuters — The most actively traded U.S. soybean futures contract rose on Thursday, touching its highest price since June 2018 on optimism about U.S.-China trade. Traders and farmers hope China, the world’s biggest soybean importer, will ramp up U.S. purchases following a recently struck Phase 1 trade deal, which includes a commitment by […] Read more
U.S. grains: Soybeans hit highest price since June 2018
Public cereal crop breeding rebounds
With eight public breeders at work in Eastern Canada, look for more cereals in your future
Reading Time: 5 minutes There’s so much to like about cereals in Eastern Canada, whether you’re talking winter or spring wheat, oats, barley or even rye. They’re great for the soil, with stubble and roots that help improve soil organic matter levels and boost yields in subsequent corn and soybean crops (especially winter wheat), and there are benefits for […] Read more
Prairie cash wheat: Rising futures underpin bids
Reading Time: 2 minutes MarketsFarm — Hard red spring wheat bids in Western Canada posted solid gains during the week ended Thursday, taking some direction from rising U.S. wheat futures. Average Canada Western Red Spring (CWRS, 13. 5 per cent protein) wheat prices were up by $5-$7.50 per tonne, according to price quotes from a cross-section of delivery points […] Read more
AAFC lowers canola ending stocks forecast
Reading Time: 2 minutes MarketsFarm — Canadian canola ending stocks will be much tighter than earlier thought, according to updated supply/demand tables which were released late Thursday by Agriculture and Agri-Food Canada and account for the latest production numbers from Statistics Canada. AAFC’s projected canola ending stocks for 2019-20 were lowered to 3.5 million tonnes, which compares with the […] Read more
Feed weekly outlook: Prairie market stable heading into New Year
Reading Time: < 1 minute MarketsFarm — Western Canadian feed grain markets are showing some stability heading into the New Year, as buyers have generally booked coverage over the holiday season. “Everybody is just waiting to see what will happen,” said Mike Fleischhauer of Eagle Commodities in Lethbridge. While large amounts of tough grain were moving, he said there was […] Read more
U.S. grains: Prices slip after rallying on trade deal
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures eased on Wednesday as the markets paused after rallying this week on demand hopes fuelled by a U.S.-China trade agreement. The long-awaited agreement included a Chinese commitment to expand purchases of U.S. farm products. However, traders are cautious about projections from Washington that deals will reach […] Read more
U.S. grains: Soy, corn, wheat rise for fourth straight day
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for the fourth session in a row on Tuesday, hitting their highest level since Nov. 8, following the soyoil market’s rally to its highest in nearly two years, traders said. Corn and wheat futures also extended their winning streaks as funds unwound bearish bets on hopes for […] Read more
What to expect from grain companies premiums and discounts
Prices for different grades and protein levels are likely to vary by region throughout the crop year
Reading Time: 4 minutes As harvest continued late into this fall, Prairie grain buyers continued to sort out what they would pay for this year’s crop. “Currently, grain company discounts and premiums for grade and protein are variable and changing almost daily as they try to determine what they can pay for these grains, what they will be able […] Read more
U.S. grains: CBOT corn, soy, wheat rally after trade deal
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures rallied on Monday, bolstered by hopes for improving export prospects due to increased demand from China and decreased competition from Argentina, traders said. Wheat notched the biggest gains, with the most-active Chicago Board of Trade soft red winter wheat contract surging 3.2 per cent to […] Read more
Chinese officials, Trump agree to tariff rollbacks
Reading Time: 3 minutes Beijing/Washington | Reuters — The United States and China cooled their trade war on Friday, announcing a “phase one” agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of U.S. farm goods. Chinese officials offered no specific details on the amount of U.S. agricultural goods Beijing had agreed to buy, a key […] Read more
A message from April Stewart, Country Guide's Associate Editor
