Crops
MarketsFarm — There have been no surprises in the price movement for U.S. soybeans and corn on the Chicago Board of Trade following the release of the U.S. Department of Agriculture’s monthly supply and demand report. “This was a case [for soybeans] where the trade expected even tighter ending stocks. That 220 million bushels matched […] Read more
CBOT weekly outlook: Prices for U.S. soybeans, corn where they should be
USDA report calls for tightest soy carryout in eight years
U.S. grains: Wheat rallies on Black Sea tensions
Corn prices follow wheat higher, soy gains as traders eye crop yields
New York | Reuters — Wheat futures on the Chicago Board of Trade (CBOT) rose for a second straight session on Wednesday, as Russia reported Ukrainian strikes on a naval base in the grain-rich Black Sea region and Kyiv said its grain exports dropped sharply. Kyiv said on Wednesday more than 100 of its port […] Read more
Yearlings get schooled in rotational grazing
Ryan Canart trains a new group of animals every year and says they take to it well
Reading Time: 3 minutes Ryan Canart’s approach to pasture management reflects a lot of the principles that have become old hat during grazing tours across the Prairies. He is among the proponents of rotational grazing. His 907 animals are mostly moved daily through relatively small paddocks, with a goal to grow soil health and productivity. His land features an […] Read more
Thunder Bay grain shipments up on year
Grain traffic contributes to increase in overall cargo handle
MarketsFarm — Grain shipments through the Port of Thunder Bay are running well ahead of the year-ago level, with 3.747 million tonnes of grain shipped through the port on the northern shores of Lake Superior as of Aug. 31. That was up by 1.1 million tonnes from the previous year’s pace, but slightly behind the […] Read more
EU ag commissioner pushes for extension of Ukraine grain import ban
Restrictions due to expire Friday
Brussels/Bucharest | Reuters — The EU agriculture commissioner said on Tuesday said he believes the European Commission should extend a temporary ban on Ukraine imports into five neighouring EU states, as the measure helped boost exports outside the bloc. Ukraine has become entirely dependent on alternative European Union routes, called Solidarity Lanes, for its grain […] Read more
USDA adjusts soy, corn outlooks in September report
U.S. wheat usage, carryout estimates shift
MarketsFarm — The U.S. Department of Agriculture made a number of slight changes to its forecast on soybeans and corn for 2023-24, while keeping its domestic wheat numbers from August. USDA on Tuesday issued its monthly world agricultural supply and demand estimates, adjusting its forecast on this year’s soybean yields at 50.1 bushels per acre, […] Read more
Pulse weekly outlook: Saskatchewan production, yields ‘slightly lower’
Peas, lentils over 90 per cent harvested
MarketsFarm — Dale Risula, Saskatchewan’s provincial specialist for pulses, forages and specialty crops, said that while this year’s harvest is progressing well, he expects average-at-best pulse production this year. As of Sept. 4, the province’s dry pea harvest was 92 per cent complete, while 91 per cent of the lentil crop was combined. Only 51 […] Read more
Numerous revisions to USDA’s data on Canadian canola
Outlooks raised for ending stocks, cut for domestic use
MarketsFarm — Canola production numbers for Canada as estimated by the U.S. Department of Agriculture underwent several changes for the 2022-23 and 2023-24 crop years. The data for Canada was among the estimates USDA’s Foreign Agricultural Service (FAS) put in its monthly report, Oilseeds: World Market and Trade. The FAS dropped its production estimates on […] Read more
U.S. grains: Futures sharply lower on U.S. harvest outlook
Wheat bounces on smaller-than-expected world stocks forecast
New York | Reuters — Chicago soybeans plummeted to a three-week low and corn sharply dropped on Tuesday after a government report said crops were not hampered as much as some traders had expected by hot and dry summer weather. The U.S. Department of Agriculture raised its outlook for the corn harvest, as expectations for […] Read more
StatCan expected to raise estimate for oats production
Ending stocks estimate 'probably fairly accurate'
MarketsFarm — Ahead of the model-based Statistics Canada production report due out on Thursday, Scott Shiels of Grain Millers Canada in Yorkton, Sask. said it’s likely the agency’s numbers for oats will increase. StatCan issued its first model-based production report for 2023-24 on Aug. 29, which placed the country’s oats at about 2.429 million tonnes. […] Read more