MarketsFarm — While oats on the Chicago Board of Trade rallied recently, upward movement in cash prices was varied. Even as that rally came to its eventual end, cash prices on the Canadian Prairies did not budge a great deal. Over nine consecutive sessions, the December oat contract at Chicago pushed higher by 29.5 U.S. […] Read more
Oat cash prices don’t immediately follow CBOT movement
One trader can push market around, trader says
U.S. grains: Corn drops to seven-week low
Wheat, soybeans move higher
Chicago | Reuters — Benchmark U.S. corn futures fell to their lowest point in seven weeks on Wednesday as the harvest continued and showed better than expected yields, while weather forecasts improved in crop areas of South America. Wheat and soybean prices were modestly higher in rangebound trading. Chicago Board of Trade (CBOT) corn closed […] Read more
Prairie Forecast: Nice, quiet early-winter weather
Issued Nov. 1, covering Nov. 1 to 8
Interesting weather pattern setting up across the Prairies during this forecast period. Well, maybe “interesting” isn’t the right word; “boring” might be a better one. What I mean by “interesting” is just how quickly we swung from a warm fall pattern to a cool winter pattern. Low temperatures across the Prairies over the last week […] Read more
Opinion: Fighting for low grain prices
One bushel of barley can make 500 bottles of beer, but the Wheat Growers are asking for help to make it cheaper
Reading Time: 3 minutes It used to be that if you wanted to raise a farmer’s blood pressure, you only had to suggest that an increase in bread prices was due to a change in the price of wheat. That started in the 1970s after wheat prices skyrocketed to the $6 per bushel range after the “Great Grain Robbery,” […] Read more
U.S. grains: Wheat down on supply concerns, soft demand
K.C., MGEX wheats also set contract lows; corn, soy up
Chicago | Reuters — U.S. wheat futures fell across the board on Tuesday on soft demand and as supply concerns weakened in the Southern Hemisphere, while soybean futures pushed higher on adverse weather in Brazil. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended down 9-3/4 cents at $5.56-1/4 per bushel and […] Read more
Long-range outlook points to warmer winter
Odds less likely for Prairies next three months
MarketsFarm — Warmer than normal temperatures are expected across nearly all of Canada this winter, with average precipitation for most of the agricultural areas of the Prairies. The latest long-range seasonal forecast from Environment Canada, released Tuesday, calls for a 40 per cent chance of above-normal temperatures from November through January across most of Alberta, […] Read more
U.S. grains: South America rains push soy futures down
Wheat, corn futures also drop
Chicago | Reuters — U.S. soybean futures declined about one per cent on Monday on profit-taking and pressure from beneficial rains over the last few days in South American crop areas, offsetting a weather premium that had been building for the oilseed crop. Corn and wheat futures also fell. Benchmark January soybeans on the Chicago […] Read more
St. Lawrence traffic to resume as tentative labour deal reached
Deal goes now to ratification vote
A week-long strike by about 360 unionized workers on the St. Lawrence Seaway ended Monday morning with a tentative agreement on a new labour deal. The St. Lawrence Seaway Management Corporation (SLSMC) and Unifor, the union representing the workers, announced the new agreement separately Sunday evening. Unionized workers had been on strike since just after […] Read more
Prairie Forecast Update: Warmer air not in the cards
Issued Oct. 29, covering Oct. 29 to Nov. 1
The forecast for this period has been playing out pretty close to what the weather models were predicting, but with a few small differences. For Alberta, the forecasted upper ridge does not look like it will get nearly as strong as originally forecasted as a strong northwesterly flow helps to flatten the ridge. This means […] Read more
U.S. grains: Soybeans, soymeal climb on demand
CBOT wheat falls; gains in soy help lift corn
Chicago | Reuters — Chicago Board of Trade soybean futures rallied and soymeal hit a contract high on Friday on strong demand for U.S. supplies, analysts said. U.S. soymeal exports are on their way to new highs this season after a poor soybean harvest in top soymeal exporter Argentina earlier this year. Domestic soymeal users, […] Read more
Cyber-Savvy Farmer
