Reading Time: 2 minutes MarketsFarm — Canadian crop production will be down significantly in the 2021-22 marketing year, cutting into exports for all of the country’s major grains, oilseeds and pulse crops. That’s the estimation from the latest supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Thursday. Total field crop production for all crops is forecast to decrease […] Read more
Ag department lowers crop production, export estimates
Expectations knocked down for most major Prairie crops
CBOT weekly outlook: Factors worth watching
Oats showing recent strength
Reading Time: 2 minutes MarketsFarm — Choppiness in Chicago Board of Trade (CBOT) soyoil, a potential increase in corn prices and an upcoming production report from Statistics Canada are factors on which grains analyst Terry Reilly suggests keeping an eye. Soyoil has been hit by early reports that the U.S. Environmental Protection Agency was going to recommend to the […] Read more
U.S. grains: Corn climbs on weaker crop conditions
Soybeans mixed, wheat eases
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures climbed on Wednesday for a second day after the U.S. Department of Agriculture cut crop ratings on Monday afternoon, though beneficial rainfall across parts of the upper U.S. Midwest limited gains. Soybeans ended higher after the market made its biggest daily gain since late June on Tuesday, with […] Read more
Afghanistan ‘marching towards starvation,’ UN food chief says
Reading Time: 2 minutes Doha | Reuters — Millions of Afghans could soon face starvation due to a combination of conflict, drought and the coronavirus pandemic, the executive director of the World Food Programme said on Tuesday, calling on political leaders to act fast. “There’s a perfect storm coming because of several years of drought, conflict, economic deterioration, compounded […] Read more
U.S. grains: Soybeans rally as crop conditions drop, soyoil prices rise
Hot weather forecast for heart of Midwest farm belt
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rallied on Tuesday on eroding Midwest crop conditions and improving export demand, and as soyoil prices rose another three per cent amid further gains in crude oil markets. Corn futures also climbed on deteriorating crop conditions across the heart of the farm belt. Wheat ended lower, though spillover […] Read more
U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries
CBOT, MGEX December wheats also down
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell to their lowest in nearly two months on Friday and corn set a near one-month low on macroeconomic concerns along with beneficial rains in the western Midwest and Plains, analysts said. Soyoil futures fell more than five per cent on reports that the U.S. Environmental Protection Agency […] Read more
Plans afoot to move hay from East to drought-hit West
CFA, BFO spearheading Hay West-style initiatives
Reading Time: 2 minutes Farm groups are spearheading new plans to get livestock feed from Eastern Canada to drought-damaged regions of the western provinces and northwestern Ontario. Details are still pending, but the Canadian Federation of Agriculture (CFA) announced Aug. 12 it has started work on a “Hay West” initiative to get surplus hay “to those struggling in the […] Read more
U.S. grains: Corn, soy sag on broad commodities weakness
Forecasts call for rain in northwestern U.S. Midwest
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell about 2.5 per cent on Thursday, following broad declines in commodities including crude oil and metals tied to fears about slowing global growth, analysts said. Pressure also stemmed from forecasts for rains in northwestern portions of the Midwest that could improve production prospects, particularly for […] Read more
ICE weekly outlook: Canola remains expensive
Reading Time: 2 minutes MarketsFarm — Concerns over the likelihood of a much smaller canola crop than previously anticipated, coupled with a very tight supply situation, continued to underpin values this week. That price rationing in turn has kept canola more expensive than other edible oils, according to trader Keith Ferley of RBC Dominion Securities in Winnipeg. “The market […] Read more
Haitians grow impatient for quake aid as hungry crowd gathers
Victims say they still lack food, shelter, clean water; some major hospitals damaged
Reading Time: 4 minutes Les Cayes, Haiti | Reuters — A hungry crowd gathered outside an airport in southern Haiti on Wednesday as people left homeless by an earthquake that killed some 2,000 people voiced anger that government aid was slow to arrive five days after the disaster, leaving many without food and water. Prime Minister Ariel Henry, who […] Read more
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