Chicago | Reuters — U.S. soybean futures surged about six per cent on Friday after the U.S. Department of Agriculture (USDA) reported much lower-than-expected 2023 soy plantings and June 1 inventories, while corn futures tumbled on larger-than-expected acreage. Wheat futures fell in sympathy with corn, despite a smaller-than-expected quarterly wheat stocks figure. On the Chicago […] Read more
U.S. grains: Soy soars after USDA slashes plantings estimate
CBOT corn dives, wheat follows; soyoil runs limit-up
U.S. livestock: CME cattle up as corn prices slide
Chicago lean hog futures end mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a three-week high on Friday, lifted by a surge in feeder cattle futures as corn prices tumbled, traders said. Tightening U.S. cattle supplies and a resilient beef market lent support, along with a strong close for the month and quarter on Wall Street that […] Read more
U.S. farmers plant more corn, less soybeans in 2023
Total U.S. wheat acres estimated up about 8.5 per cent
MarketsFarm — Farmers in the United States seeded more corn and less soybeans than earlier intentions in 2023, according to updated acreage data Friday from the U.S. Department of Agriculture. Total corn plantings in the country were estimated by USDA at 94.1 million acres, which was a million acres above the top end of trade […] Read more
Feed weekly outlook: U.S. corn keeps making way into Canadian rations
Ease of sourcing corn by rail an attractive feature
MarketsFarm — The size and quality of the 2023 Canadian grain crop is still very much in the air, but domestic feeders intend to keep at least some corn from the U.S. in their rations going forward no matter what is grown on the Prairies. Canadian buyers have already booked 78,500 tonnes of U.S. corn […] Read more
U.S. grains: Corn futures near three-week low
Soy mostly firm ahead of USDA reports; wheat follows corn lower
Chicago | Reuters — U.S. corn futures fell to their lowest in nearly three weeks on Thursday as rains bolstered production prospects in the Midwest and traders braced for key acreage and stocks data due Friday from the U.S. Department of Agriculture. Wheat followed corn lower, pressured by a stronger U.S. dollar, which tends to […] Read more
U.S. grains: Corn, soy tumble on forecasts for much-needed rains
CBOT September wheat also lower
Chicago | Reuters — U.S. corn futures fell more than four per cent and soybeans more than two per cent on Wednesday, pressured by forecasts for beneficial rains in the Midwest where crops have struggled with dry conditions, analysts said. Wheat also declined, pressured by the expanding U.S. winter wheat harvest and a larger-than-expected Canadian […] Read more
CBOT weekly outlook: Corn could surprise in USDA’s acres report
Eyes on dry conditions in the Dakotas
MarketsFarm — Although grains analyst Terry Reilly of Futures International said he isn’t expecting any big changes in two upcoming reports from the U.S. Department of Agriculture, he suggested there’s an opportunity for couple of notable alterations. USDA is scheduled to release its planted acreage and quarterly grain stocks reports on Friday at 11 a.m. […] Read more
Canadian canola, wheat area up on the year: StatCan
More soybean, corn acres also estimated
MarketsFarm — Canadian farmers planted more canola than earlier intentions, according to updated acreage estimates from Statistics Canada released Wednesday. Meanwhile, wheat plantings hit their highest level in more than two decades. Total canola plantings were estimated at 22.1 million acres by the government agency, which compares with the 21.6 million expected in April and […] Read more
Ag in Motion plots give first-hand view of varieties and technology
Thirty companies and organizations will share their research this year
Reading Time: 3 minutes The crop plots at Ag In Motion give producers a chance to see crops and crop protection products at work in the great outdoors, along with the opportunity to speak face-to-face with company representatives. The 2023 show features 30 companies with plots, offering a practical and immersive experience with a variety of western Canadian crops […] Read more
U.S. livestock: Live cattle end higher, lean hogs mixed
Wholesale beef prices seen softening
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday, rallying after a two-session slide as corn prices dropped and feeder cattle surged, but softening wholesale beef prices hung over the market, traders said. Benchmark CME August live cattle futures settled up 1.9 cents, at 172.5 cents/lb. (all figures US$). October futures […] Read more
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