MarketsFarm – To Glen Loyns of JGL Commodities at Moose Jaw, Sask., feed grains on the Canadian Prairies are in a weather market, with prices for barley, wheat and corn quite able to go either way. “If it rains it’s going to be weak. If it’s dry it’s going to be higher. A pretty tough
Feed weekly outlook: Weather market will determine grain prices
Old-crop pricing is starting to come down
U.S. grains: Weather worries lift soybeans, new-crop corn
CBOT July wheat also climbs
Chicago | Reuters — U.S. soybean futures rose on Thursday on worries about dryness building in the Midwest crop belt, while a setback in the dollar and speculative buying at the start of a new month lent additional support, analysts said. Chicago Board of Trade (CBOT) wheat climbed 2.8 per cent, extending Wednesday’s rebound from
NEW FEATURE: Prairie Forecast: Summer has definitely moved in
Forecast issued May 31, 2023, covering May 31 to June 7, 2023
As we move into the official start of meteorological summer, it is looking like we have left spring behind and summer is here to stay. While this is great for those of us who like heat, humidity and thunderstorms, it can make it difficult to create an accurate forecast. The large areas of low pressure
ICE weekly outlook: Hard to know where canola will go
'Could easily make a case either way'
MarketsFarm — ICE Futures canola contracts fell hard to end the month of May, dropping to levels not seen in more than two years. While the oversold market may be due for a correction, there could also still be more room to the downside. “It’s hard to have a real solid opinion of whether we’ll
Bunge, Viterra merger would create global ag trading giant
Companies have some overlap in Canadian crushing
Reuters — A merger of U.S. grains merchant Bunge Ltd. with rival Viterra would grow the combined entity’s businesses in the U.S., Brazil and Australia and may raise competition concerns in parts of Canada and Argentina, where key oilseed processing assets overlap, analysts said. Sources last week said Bunge and Viterra were in talks for
U.S. grains: Wheat bounces off 2-1/2 year low
Corn, soy futures pare losses
Chicago | Reuters — Chicago wheat futures closed higher on Wednesday on a round of bargain buying after the benchmark July contract dipped to its lowest level in nearly 2-1/2 years, dragged down by strong competition for export business and macroeconomic worries, brokers said. Similarly, U.S. corn and soybean futures recovered from steep declines, with
U.S. livestock: CME lean hogs bounce on short-covering
Cattle futures up with beef prices, tighter supplies
Chicago | Reuters — Benchmark July lean hog futures on the Chicago Mercantile Exchange jumped nearly five per cent on Wednesday, extending their two-day rally to 11 per cent on a round of bargain-buying following a months-long slump, traders said. CME July hogs settled up 3.8 cents at 83.325 cents/lb., while front-month June hogs ended
CBOT weekly outlook: Quick seeding bringing down prices
U.S. debt ceiling negotiations affected crude oil prices, agricultural commodities mostly immune
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,
A hot, dry Prairie June ahead
El Nino pattern could arrive
MarketsFarm — June is expected to see a continuation of the hot and dry weather most of the Canadian Prairies has experienced in May, according to Scott Kehler, chief scientist for Weatherlogics. “It looks like late spring/early summer is pretty hot across almost all of Western Canada. The Prairies are all above normal [temperature-wise],” Kehler
Pulse weekly outlook: Manitoba crops get good start but need rain
Some bean growers seek moisture at lower planting depths
MarketsFarm — Pulse growers in Manitoba are waiting for one thing: rain. So far in May, growing areas of the province have not seen any significant precipitation, according to Dennis Lange, industry development specialist for pulse crops with Manitoba Agriculture. Dry beans, he said, are the last pulse crop farmers have been planting in Manitoba
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