There will likely not be a lot of notable changes in the March supply and demand report from the United States Department of Agriculture.
CBOT weekly outlook: Little to come from March S/D report
Exports the most likely category to see changes, analyst says
Manitoba expected to dodge spring floods
No serious threat of major flooding in Manitoba, province says
Manitoba’s latest flood outlook isn’t flagging major flood issues on the horizon. The February forecast published by the Hydrologic Forecast Centre March 1 put the risk of spring flooding at low to moderate through the province. Fall soil moisture levels sat at normal to below-normal soil moisture at freeze up, the centre noted. That has
Prairie wheat weekly outlook: Prices for red wheat up, amber durum mixed
U.S. wheat complex also mixed; Canadian prices bolstered by dollar's drop
There were modest price increases for wheat on the Canadian Prairies during the week ended Feb. 29. However, as Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat edged up, prices for Canadian Western Amber Durum were mixed.
Lane change from downhill to bumpy road
StatCan’s March 11 report will signal seeding intentions for 2024
As February winds down, canola has altered its course. Instead of the dreary downward trend that gave little joy, the oilseed is headed toward a bumpy road. Like frost boils and potholes marking roads throughout the Prairies, canola began facing a future of ups and downs last week. While the Intercontinental Exchange saw a short-lived
Pulse weekly outlook: Mixed price movement for Prairie lentils
Australian supply, pricing pressuring old crop red lentils
In the Prairie Ag Hotwire compilation of prices from across Western Canada, as of Feb. 26, Laird lentils added two cents ranged from 57 to 78 cents/lb. delivered depending on the size.
Manitoba cattle sellers in good spirits
Slaughter prices stay steady or tick slowly upward, pleasing producers
The Manitoba cattle market remains strong, with good prices for feeder and slaughter cattle, according to Ashern Auction Mart manager Kirk Kiesman. “Everyone who is selling is happy,” Kiesman said about the Ashern auction. “Probably in the last two weeks we have seen the market kind of pick up five to 10 cents more [per
ICE Canada weekly outlook: Markets to react to Nvidia earnings report
Tech giant, while unrelated to crops, asserts gravitational pull on markets
The path canola as well as other commodities will very likely be determined by the latest earnings report from technology giant, Nvidia, according to analyst Errol Anderson of Errol’s Commodity Wire in Calgary, Alta.
U.S. corn, soybean, wheat yields to rise in 2024/25
More soybean acres; corn and wheat area to drop
Yields for United States soybeans, corn and wheat were projected to increase in 2024/25, according to the Department of Agriculture at its 100th annual Outlook Forum on Feb. 15. Also, the USDA said there’s to be more soybean acres but less for corn and wheat for the coming crop year.
CBOT weekly outlook: Bearish picture for commodities
Prices may not go much lower given the commodities have hit contract lows, says analyst
Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.
Attaché sees larger Indian rapeseed crop than USDA
Cold weather beneficial; harvested area, yields steady
The United States Department of Agriculture’s attaché in New Delhi forecast an increase India’s production of rapeseed-mustard for 2023/24. The attaché projected a harvest of 11.90 million tonnes versus the 11.70 million expected by the department.
Cyber-Savvy Farmer
