Reading Time: 2 minutes New York | Reuters — Diesel prices in the U.S. Midwest have sunk to a three-year seasonal low as farmers in the region face adverse weather conditions, further complicating an already delayed harvest season, traders and farmers said. Diesel demand typically rises during harvest season because farming equipment and trucks transporting product use the fuel. […] Read more
U.S. diesel prices hit three-year low as harvest delays feared
Feed weekly outlook: Prairie grain market finding a bottom
Reading Time: 2 minutes MarketsFarm — The western Canadian feed grain market is showing signs of finding a bottom, as buyers wait to get a better handle on the quality of grain still unharvested across the Prairies. Feed barley is currently trading at around $200 per tonne in southern Alberta, while feed wheat bids are around $210, according to […] Read more
ICE weekly outlook: More than weather behind canola uptrend
Reading Time: < 1 minute MarketsFarm — Canola’s sharp rise over the last week can be attributed not only to poor weather on the Prairies, but to other factors as well, according to MarketsFarm Pro analyst Mike Jubinville. For seven straight trading sessions, canola bids have climbed, from $445.60 per tonne at the close of trading on Sept. 27 to […] Read more
U.S. grains: Soybeans up on trade optimism, Midwest weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to their highest level in nearly three months on Wednesday before paring gains, supported by optimism about increased Chinese purchases and fears that a winter storm in the upper U.S. Midwest could threaten late-maturing crops. Corn closed modestly lower and wheat was little changed, with both commodities […] Read more
South America fires could disrupt its farm belt’s rainfall
Reading Time: 2 minutes Santa Cruz | Reuters — Forest fires that swept across Bolivia and Brazil this year could disrupt rainfall distribution across South America’s grains-and-beef producing regions in unpredictable ways for years to come, a scientist and meteorologist said. Recent rains in both countries have helped put out the wildfires, which were likely started by farmers and […] Read more
Late North American durum faces quality downgrades
Reading Time: 2 minutes MarketsFarm — Cool and wet conditions delaying harvest operations across North America’s durum-growing regions are cutting into the quality of the crop in both the U.S. and Canada, with widening price spreads likely going forward. “It’s been a challenging harvest,” said Erica Olson, marketing specialist with the North Dakota Wheat Commission. “We did have some […] Read more
U.S. grains: Wheat, corn, soy rally after finding technical support
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Tuesday, rebounding from weakness in the overnight session after finding technical support, traders said. Wheat notched the biggest gain, with the benchmark Chicago Board of Trade soft red winter wheat contract rising 2.3 per cent. The contract rebounded from early weakness after finding […] Read more
U.S. grains: Corn firm ahead of USDA report, frosty weather
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures inched higher on Monday on position-squaring ahead of a key monthly U.S. government crop report later this week and worries about forecasts for a freeze looming for the northwestern Corn Belt, traders said. Soybeans and wheat closed lower after a choppy session. Chicago Board of Trade December corn […] Read more
Snow, cold grind Alberta harvest to virtual standstill
Reading Time: 2 minutes MarketsFarm — Last weekend’s dump of snow coupled with cold temperatures brought the Alberta harvest to a complete halt, according to the province’s latest crop report. For the week ended Oct. 1, the province-wide harvest managed to improve to 33.7 per cent from 28.1 per cent the previous week. This year’s pace was slightly above […] Read more
Feed weekly outlook: Snowfall boosts spot barley bids
Reading Time: < 1 minute MarketsFarm — Spot barley prices have received support from last weekend’s snows in southern Alberta, but the major barley-growing regions were mostly spared. While the cold and wet weather has delayed harvest activity, a promising forecast should allow for harvest to resume in the Red Deer area, where most of the barley crop is located. […] Read more
A message from April Stewart, Country Guide's Associate Editor
