Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures took a breather on Monday after setting 8-1/2-year highs last week on concerns about tightening supplies in exporting countries hit by harsh weather. Russian agriculture consultancy Sovecon trimmed its forecast for Russia’s crop by 0.3 per cent from last week in the latest estimated reduction […] Read more
U.S. grains: Wheat ends mixed, near 8-1/2-year high
Pro Farmer corn, soy tour begins in U.S.
Feds lock in AgriRecovery funds before election call
Ottawa's pledged share now up to $500 million
Reading Time: 2 minutes Just hours ahead of a federal election call, the federal government has committed $500 million to cover its share of federal/provincial AgriRecovery support plans for drought-hit farmers across Canada’s West. Shortly before Prime Minister Justin Trudeau’s visit Sunday to Rideau Hall seeking the dissolution of Parliament for a federal election, Agriculture Minister Marie-Claude Bibeau confirmed […] Read more
U.S. grains: Corn, soybeans lower on the week
Traders look at long-term weather; wheat flat
Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures slipped on Friday, pressured by extended forecasts calling for cooler weather into August, though hot, dry weather in the coming week across the U.S. Midwest underpinned prices. Wheat ended lower as concerns over unfavorable weather in key exporting countries countered pressure from corn and soybeans. The […] Read more
Manitoba triggers hay disaster benefit
Per-tonne rate lifted to cover feed, transport costs
Reading Time: 2 minutes Manitoba’s crop insurance agency is set to lift the per-tonne rate paid out on insured forage crops to help cover livestock producers’ bills to buy and truck in replacement feed. Manitoba Agricultural Services Corp. (MASC) on Thursday announced a 2021 hay disaster benefit to provide another $44 per tonne, for every tonne below coverage, to […] Read more
U.S. grains: CBOT wheat snaps winning streak
Chicago corn, soybeans also fall
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures plunged 2.6 per cent on Thursday, snapping a six-session streak of gains as traders locked in profits from the rally. Soybean futures were down two per cent, with the latest weather forecasts showing that some timely rains will arrive in key growing […] Read more
Tax deferrals, crop insurance changes en route against drought
Assessments underway for AgriRecovery, minister says
Reading Time: 5 minutes Updated — As the federal government looks to manage impacts of ongoing drought conditions in Canada’s West, producers in parts of five provinces can already expect to be eligible for the livestock tax deferral program. Agriculture Minister Marie-Claude Bibeau announced Thursday in Winnipeg that producers in drought-designated areas of southern Alberta, southeastern British Columbia, northwestern […] Read more
Oat crop across Western Canada ‘not stellar’
Reading Time: 2 minutes MarketsFarm — As with most other crops on the Prairies, conditions are “not stellar” for oats, according to Shawna Mathieson, executive director for the Prairie Oat Growers Association. POGA directors from across the region who participated in a recent board meeting had a rather grim outlook on the coming harvest, she said. “Not a single […] Read more
CBOT weekly outlook: Prices could turn higher by month’s end
Reading Time: 2 minutes MarketsFarm — By the end of July, markets should have a good idea of what will shake out for corn and soybean crops in the U.S., according to Scott Capinegro of Barrington Commodities at Barrington, Ill. Corn and the soy complex on the Chicago Board of Trade (CBOT), as well as the U.S. wheat complex, […] Read more
‘Time is ticking’ on drought response for beef cattle sector
'We need answers like yesterday'
Reading Time: 3 minutes As Canada’s beef farmers and ranchers face drought, industry leaders are trying to find ways to secure feed and help those forced to sell rebuild their herds. B.C. ranchers are dealing with high temperatures that have “parched the grass that was there,” Kevin Boone, general manager of B.C. Cattlemen’s Association, said during a Canadian Cattlemen’s […] Read more
Hot, dry weather creates ‘significant uncertainty,’ AAFC says
Reading Time: < 1 minute MarketsFarm — Supply/demand balance sheets for Canada’s major crops only saw minor adjustments in the latest update Tuesday from Agriculture and Agri-Food Canada, with hot and dry growing conditions leading to “significant uncertainty” on the state of the country’s 2021-22 crops. Total field crop production in the country was forecast to decrease due to a […] Read more
A message from April Stewart, Country Guide's Associate Editor
