Reading Time: 2 minutes MarketsFarm — A challenging growing season across the Prairies has left questions in the market ahead of Statistics Canada’s production report, due out Wednesday. “It’s hard to get a handle on canola this year because, at this stage, the farmers are going to be a bit conservative and err on the side of caution,” said […] Read more
StatsCan production report may show stronger yields
U.S. grains: Soybeans up on yield uncertainty
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed higher on Wednesday on technical buying and uncertainty about U.S. yield prospects, analysts said. Corn and wheat futures also firmed, steadying after the benchmark contracts for both grains dipped to three-month lows. Chicago Board of Trade November soybean futures settled up 4-3/4 cents at $8.73 per bushel […] Read more
Canada boosts 2019-20 wheat production estimate
Reading Time: < 1 minute MarketsFarm — Canadian wheat production in 2019-20 is forecast to come in at 500,000 tonnes above an earlier forecast, according to updated supply/demand tables released Wednesday from Agriculture and Agri-Food Canada. Wheat ending stocks were also raised in the report, while adjustments to the canola tables led a slight reduction to the still record-large carryout […] Read more
U.S. grains: Wheat slides on global supplies, drags corn lower
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a three-month low on Tuesday, pressured by ample global supplies and technical selling, analysts said. Corn futures also hit a three-month low, turning down as wheat sagged and storms brought crop-friendly rains to the Midwest. But soybean futures clung to modest gains, supported by declining U.S. […] Read more
Program aims to boost winter wheat production
Here’s a wheat IP initiative that looks to take the uncertainty out of the hard red winter market
Reading Time: 6 minutes Into a 2019 growing season long on frustration and short on sunlight comes an opportunity for wheat growers in Ontario: identity-preservation (IP) programs aimed at boosting production of hard red winter wheat. The initiative is meant to tackle declining supply, which, according to some in the industry, has reached levels that pose a viability concern […] Read more
USDA attache to Canada predicts larger wheat crop
Reading Time: < 1 minute MarketsFarm — A new report from the Ottawa-based attache to the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) has raised its estimate of total wheat production in Canada for 2019. The report Thursday from attache Phil Hayes increases FAS’s estimate of wheat production in Canada for 2019 to 32.65 million tonnes, compared to last […] Read more
Feed weekly outlook: No long-term shortage expected
Reading Time: < 1 minute MarketsFarm — Waiting for the 2019 harvest to roll in is the only factor that could create a feed shortage, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “As far as things look today, I don’t see a reason to be concerned about a feed shortage. If anything we could have a feed […] Read more
USDA’s August WASDE report hits commodity markets hard
Reading Time: 2 minutes MarketsFarm — With markets largely rangebound since the end of June, the U.S. Department of Agriculture (USDA) released its long-awaited supply and demand report late Monday morning. The initial reaction on the markets was bearish, with corn prices being hit very hard, down 25 cents per bushel for the September and December contracts on the […] Read more
U.S. grains: Soy firm, corn mixed ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped to a 1-1/2-week high on Friday and posted their first weekly gain in a month, lifted by technical buying and short-covering amid concerns that dry U.S. Midwest weather would limit crop production. Corn and wheat were mixed as investors squared positions ahead of an eagerly awaited U.S. […] Read more
U.S. grains: Futures inch up after choppy trading day
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as traders assessed U.S. Midwest rain forecasts after a recent dry spell, and awaited an expected revision in U.S. planting estimates following spring rains. Wheat recovered from Tuesday’s technical-driven losses, despite healthy Northern Hemisphere harvests and a steady dollar keeping a lid on […] Read more
A message from April Stewart, Country Guide's Associate Editor
