There appears to be very little credibility that will be given to Statistics Canada’s principal field crop report to be issued on Wednesday. The concerns among analysts and brokers include the timing of the report and the use of satellite imagery.
Wheat
Little faith in accuracy of August StatCan report
U.S. grains: Corn hits near four-year low on farmer selling, bumper crop forecasts
Chicago Board of Trade (CBOT) most-active corn futures Cv1 fell to the lowest levels since 2020 on Monday as expectations of a bumper corn crop and a continued stream of farmer selling weighed on futures, analysts said.
U.S. livestock: Cattle largely steady; July placements top estimates
Chicago Mercantile Exchange cattle futures were mostly stable on Friday on pre-weekend positioning following a technical-driven selloff this week, traders said.
U.S. grains: Soy rises on short-covering, wheat stays weak
Soybeans rose while corn eased on Friday as traders covered short positions ahead of the weekend while monitoring an incoming heatwave that could threaten some crops in the U.S. Midwest, traders said.
Alberta Crop Report: Harvest slow going under heat, rains
Harvest progress for major crops in Alberta more than tripled during the week ended Aug. 20 while heavy rains hit northern and central parts of the province.
Hail hits crops at more than 1,600 farms across Prairies
More than 1,600 Prairie farms were hit by hail between July 29 and August 11, with the heaviest damage in Alberta, according to the Canadian Crop Hail Association (CCHC).
Prairie Wheat Weekly: Western Canadian spring wheat pulled downward
Harvest pressure and weakened United States wheat futures pressured most Western Canadian wheat bids during the week ended Aug. 22.
U.S. grains: Wheat falls to new lows, corn and soy down on yield forecasts
Chicago Board of Trade wheat futures hit contract lows on Thursday as low prices for Black Sea wheat and a stronger dollar undercut the competitiveness of U.S. grains, analysts said.
Saskatchewan Crop Report: Harvest continues amidst scattered storms
Saskatchewan reported 15 per cent of its harvest was complete, compared to 21 per cent at this time last year, but higher than the five-year average of 13 per cent and the 10-year average of 11 per cent. In the southwest region, 29 per cent of its harvest was complete while the northwest region was only at one per cent complete.
Feed Grain Weekly: Prices could drop during rail shutdown
The work stoppage at the Canadian National Railway (CN Rail) and Canadian Pacific Kansas City (CPKC) will adversely affect feed grain sales and deliveries, according to one grain broker.