The days of ‘beans in the teens’ may be ending, while corn might slide all the way to $4 a bushel
Reading Time: 2 minutes With last year’s drought largely behind them, American soybean and corn producers are eyeing bumper crops — and a sharp drop in price. Prices have already dropped significantly and the market will likely deliver more bad news in the coming weeks, said Sterling Smith, a futures analyst with Citigroup in Chicago. “We can attribute that […] Read moreProspect of bumper crop pushing down corn and soybean prices
Hog prices better recently, but fall uncertain
Reading Time: < 1 minute Canada’s hog producers posted profits during the summer, but the outlook heading into the fall is uncertainty, according to the general manager for h@ms Marketing Services, which represents producers in Manitoba and Saskatchewan. “From mid-May to present, I would suggest that most producers have made money,” Perry Mohr said. “However, I think people are kind […] Read more
Prairie pea prices continue downtrend as harvest begins
Western Canadian pea prices have declined the last month amid decreased demand from India and expectations of a very strong Canadian crop, according to Jackie Kress, senior grain manager for Legumex Walker. India is Canada’s largest yellow pea exporter, but with a large chickpea crop and a rupee that has been declining in value, demand […] Read more
Spot prices for mustard to remain steady until harvest
Tight supplies of Canadian mustard are expected to keep spot prices quite high leading into harvest, according to Walter Dyck, mustard buyer with Wisconsin-based Olds Products. “I think the carryover from the previous year is quite on the low end,” he said. “We’ve had fairly high spot prices the last few years, so there aren’t […] Read more
Disease prevention has helped Alta. crop development
Increased disease prevention by Alberta farmers has yield outlooks looking above-average for some of the province’s biggest crops, according to provincial crop specialist Neil Whatley. “Wheat and canola crops around the province are pretty much good-to-excellent in condition and receiving favourable growing conditions,” said Whatley, who’s based at the provincial Ag-Info Centre in Stettler. “I […] Read more
Prairie wheat, canola still susceptible to pests, diseases
Prairie wheat and canola crops are looking generally good despite being behind in development, but yields could still be impacted by disease and insect problems, crop specialists said. “By and large, the canola crops look really good,” said Harry Brook, crop specialist with Alberta Agriculture and Rural Development at Stettler. “A concern for farmers is […] Read more
Prairie flax prices trending downward
Western Canadian flax prices have lost close to $1 per bushel in recent weeks, and the trend is expected to continue leading up to harvest, according to Kevin Silzer, broker at Rayglen Commodities in Saskatoon. “I think flax has been following the general markets right now,” he said. “There’s also a little bit of pressure […] Read more
U.S. soy, corn futures seen on pace for extreme lows
After a drought-filled growing season in 2012-13 that pushed soybean and corn prices extremely high, U.S. soy and corn are on pace to produce bumper crops in 2013-14 — and both markets are seeing a huge reversal in prices because of it. With each crop entering important development phases and receiving favourable weather, Sterling Smith, […] Read more
Oat prices trend down due to large U.S. corn crop
Canadian oat prices have been weakening recently and that trend is expected to continue into the near future due to an expected record-large U.S. corn crop, a Vancouver oat market analyst says. “Oats track corn,” said Randy Strychar of Ag Commodity Research. “It’ll continue to track it because there’s a strong statistical correlation between oats […] Read more
Hog producers post summer profits, fall outlook bearish
Canada’s hog producers posted profits during the summer months, but the market outlook heading into the fall is filled with uncertainty, according to the general manager for h@ms Marketing Services. “From mid-May to present, I would suggest that most producers have made money,” Perry Mohr says. “However, I think people are kind of getting disillusioned […] Read more
Cyber-Savvy Farmer
