Winnipeg | Reuters — Canadian farmers will harvest slightly more wheat and a bit less canola than expected earlier in summer, but dry conditions will keep both crops small, a government report showed on Thursday. Farms in North and South America, Europe and Australia are facing crop losses as extreme weather spreads over an unusually […] Read more
Canada bumps up wheat harvest view, trims canola estimate
StatCan releases yield outlook as of Aug. 31
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
U.S. livestock: CME cattle futures ease in technical setback after highs
Nearby lean hogs also down on technical selling
Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures retreated on Wednesday in a technical selling and profit-taking setback after hitting highs earlier in the week, traders said. Higher feed corn prices and a weak tone to the cash beef market added pressure, they said. “This is technical after feeder cattle hit […] 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
U.S. livestock: CME cattle futures end mixed after hitting new highs
CME lean hogs mostly higher
Chicago | Reuters — Most of the Chicago Mercantile Exchange feeder and live cattle futures hit new contract highs again on Tuesday, as tight U.S. supplies and forecast of a strong cash market added fuel to a bull rally, traders said. But by the end of the session, both live and feeder cattle futures were […] Read more
U.S. grains: Corn choppy, wheat hits new contract low
Market eyes USDA's monthly supply-demand report for price direction
Chicago | Reuters — Chicago corn futures were choppy and wheat futures slid to the lowest level since May on Monday as traders scrambled to adjust their positions ahead of a key government crop report. Corn futures firmed late in the session on short-covering, and as market players debated how big the cuts to the […] Read more
U.S. livestock: CME feeder cattle, deferred live cattle hit new highs
October lean hogs also close higher
Chicago | Reuters — U.S. feeder cattle futures and deferred live cattle futures hit new contract highs on Monday, as tight U.S. supplies going into next year continued to fuel the bull market, traders said. Even Chicago Mercantile Exchange’s October and December live cattle futures surged within $1 of their contract highs, fueled by optimism […] Read more
P.E.I. potato growers, CFIA to draft plan for ‘pest-free places’
Plan would support movement of seed potatoes, feds say
A system of “pest-free places of production” (PFPP) is now on the drawing board for Prince Edward Island’s potato sector, following a meeting between federal and industry officials. Federal Agriculture Minister and P.E.I. MP Lawrence MacAulay on Friday reported meeting with staff and representatives of the P.E.I. Potato Board, to discuss next steps in the […] Read more
U.S. grains: Wheat hits three-month low
Soy sets two-week low before U.S. crop report
Chicago | Reuters — Chicago Board of Trade wheat futures hit their lowest price in more than three months on Friday, while soybean futures rose from a two-week low as traders waited for updated U.S. crop data. Trading was choppy and subdued before the U.S. issues its monthly world agricultural supply and demand estimates (WASDE) […] Read more
Cyber-Savvy Farmer
