MarketsFarm – Prices for corn, soybeans and wheat on the Chicago Board of Trade (CBOT) were pressured by fast planting paces during the week ended May 31, according to one trader. The U.S. Department of Agriculture (USDA) reported on May 30 that 92 per cent of the country’s corn crop was planted as of Sunday,
CBOT weekly outlook: Quick seeding bringing down prices
U.S. debt ceiling negotiations affected crude oil prices, agricultural commodities mostly immune
Feed weekly outlook: Rain falls, grain prices to follow
U.S. corn values expected to decline
MarketsFarm — Feed grain prices in Western Canada are showing the usual seasonal weakness as spring seeding continues, but prices are set to fall further. “I think as we get going, (prices) are going to lower down quite a bit,” Mike Fleischhauer of Eagle Commodities Ltd. at Lethbridge said. “The corn market over the next
Pulse weekly outlook: Better growing conditions despite dryness, smoke
Continued smoky skies could slow crop development
MarketsFarm — While dry conditions persist across the Prairies, the current situation for pulses is not as bad as during the two previous springs, according to Pulse Canada’s director of market access and trade policy. Mac Ross said dryness is largely evident across Western Canada and many crops are still below their five-year averages for
ICE weekly outlook: Unclear where canola wants to go
Soy complex's trend much more apparent
MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday,
Prairie cash wheat: Bids rise ahead of U.S. WASDE report
Warmer weather should help advance spring seeding
MarketsFarm — Bids for red spring wheat in Western Canada went up, while durum prices declined for the week ended Thursday as traders and analysts await the latest data from the U.S. Department of Agriculture (USDA). USDA released its monthly world agricultural supply/demand estimates (WASDE) report on Friday, including the first production estimates for new
Record U.S. corn, soybean crops for 2023-24, USDA says
U.S., worldwide wheat ending stocks expected down on year
MarketsFarm — The United States may be in the midst of growing record-breaking corn and soybean crops if the U.S. Department of Agriculture (USDA) is correct. USDA on Friday released its monthly world agricultural supply/demand estimates (WASDE), which included its first U.S. production estimates for 2023-24. The report also provided ending stocks projections for new
CBOT weekly outlook: Traders, analysts anticipate WASDE report
El Nino also worth watching longer-term
MarketsFarm — While traders and analysts continue to keep an eye on weather conditions, their collective focus will momentarily shift on Friday when the U.S. Department of Agriculture (USDA) releases its monthly world agricultural supply/demand estimates (WASDE). This month’s report will be highly significant as it will announce the first U.S. crop production estimates for
Canada’s expected flax area smallest since 1950
Other commodity prices outperforming flax
MarketsFarm — Blue flowery fields of flax will be fewer and farther between in Western Canada, according to Statistics Canada’s (StatCan) first survey-based seeding intentions report for 2023-24. In a report released late last month, StatCan projected only 689,000 acres of flaxseed to be planted this spring, an 11.6 per cent decrease from the year
Prairie cash wheat: U.S. futures lift spring wheat bids
Durum prices down on week
MarketsFarm — Western Canadian spring wheat bids were the beneficiaries of rising U.S. futures prices for the week ended Thursday. Wheat futures on the Chicago Board of Trade (CBOT) were under pressure early in the week due to healthy yet ineffective rains over wheat-growing areas in the U.S. The U.S. Department of Agriculture raised the
Feed weekly outlook: Futures pressure Canadian prices
Some buyers still seeking coverage
MarketsFarm — Prices for feed grains in Western Canada continue to ease off, but seasonal activity isn’t the only reason contributing to the declines. Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta., said futures markets are also playing their part in pressuring feed grain prices. “Especially with the wheat markets due to
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