Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures sank by the daily limit on Tuesday as forecasts for cooler, wetter U.S. weather eased concerns about unfavourable crop conditions. Prices pulled back after climbing 12 per cent last week on lower-than-anticipated U.S. plantings estimates from the Department of Agriculture. The estimates made the market […] Read more
U.S. grains: Corn limit down as crop weather improves
Market retreats from rallies last week
B.C. presses for ranchers to register before wildfires hit
Premises ID helps protect livestock in emergencies, province says
Reading Time: 2 minutes British Columbia’s provincial ag ministry hopes to shore up ranchers’ participation in the Premises Identification program against the risk of further wildfires this year. About two-thirds, or 5,200, of B.C.’s non-supply managed livestock producers, and all the supply-managed dairy cattle and poultry premises in the province, are registered in the program, the province said Wednesday. […] Read more
Western Canada lightning strikes up tenfold, stoking fires
Reading Time: 2 minutes Vancouver | Reuters — Lightning strikes in Western Canada over the past two days soared nearly tenfold from the same time a year ago, triggered in part by a record-breaking heat wave, meteorologists said, warning of more strikes over the weekend that could further stoke forest fires fanned by high winds. Over 710,000 lightning events […] Read more
U.S. grains: Soybeans, wheat fall
CBOT corn ends slightly firm
Reading Time: < 1 minute Chicago | Reuters — U.S. soybean and wheat futures fell on Thursday while corn firmed slightly, with all three commodities closing well off their session peaks on a round of profit taking after rallying to their highest since mid-June, traders said. Forecasts for improving crop weather in the U.S. Midwest added pressure. CBOT November soybeans […] Read more
ICE weekly outlook: Volatility to come for canola market
'Tighten up your seatbelt'
Reading Time: < 1 minute MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more
Prolonged heat wave breaks Canadian temperature records
Reading Time: 2 minutes MarketsFarm — An extreme heat wave affecting all four western provinces, the shores of the Mackenzie River in the Northwest Territories as well as Watson Lake, Yukon, is expected to persist for a week. The “heat dome,” a high-pressure system trapping warmer air, has affected British Columbia the most. The village of Lytton, about 160 […] Read more
EU countries approve deal to overhaul farming subsidies
Subsidies to focus on sustainability, 'eco-schemes'
Reading Time: 2 minutes Brussels | Reuters — European Union countries on Monday gave the green light to reforms of the bloc’s huge farming subsidy program, after a three-year battle over rules to make it greener and support smaller farms. Negotiators representing the EU’s 27 countries and European Parliament struck the deal on Friday to reform the Common Agricultural […] Read more
U.S. grains: CBOT corn, soy, wheat rally as hot forecasts trump rains
MGEX September wheat also climbs
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn, soybeans and wheat rallied on Monday, with traders focused on forecasts for heat in the western U.S. Midwest that will quickly dry out soils in major production areas. “The forward forecasts have the heat that is presently over the Pacific Northwest to move over the western […] Read more
Prairie cash wheat: Drought sends bids higher
U.S. July wheat futures up on week
Reading Time: 2 minutes MarketsFarm — Mounting drought concerns in the spring wheat-growing regions of Canada and the U.S. saw Prairie cash bids post solid gains during the week ended Thursday. Average CWRS (13.5 per cent) wheat prices were up by $18-$21 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and […] Read more
Canola, wheat acres in opposite trends before StatsCan report
'Every commodity was offering options that were profitable'
Reading Time: 2 minutes MarketsFarm — Just days prior to Statistics Canada issuing its latest survey-based crop acreage report on Tuesday next week, analysts are estimating a rise in canola acres at the expense of wheat. “Coming through the winter and towards spring seeding, we were looking at canola prices that were at their highest levels of all time,” […] Read more
A message from April Stewart, Country Guide's Associate Editor
