Chicago | Reuters — U.S. soybean futures rose roughly two per cent on Wednesday, rebounding a day after the most active contract fell to a 10-year low as the harvest of a likely record-large U.S. crop got under way, analysts said. U.S. wheat futures climbed on technical buying and tightening global supplies, while corn futures […] Read more
U.S. grains: Soybeans rebound from 10-year low
CBOT weekly outlook: Spec selling pressures corn, soy
CNS Canada — A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture […] Read more
U.S. grains: Soy hits 10-year low on huge U.S. crop, trade woes
Chicago | Reuters — U.S. soybean futures fell to life-of-contract lows on Tuesday and the most actively traded contract hit its lowest in a decade as an escalating U.S.-China trade war darkened U.S. export prospects, analysts said. Corn futures also hit contract lows as the U.S. harvest expanded, while wheat futures rose on tightening global […] Read more
Klassen: Feeder market eyes April live cattle futures
Compared to last week, western Canadian feeder cattle markets traded steady to $3 higher. Strength in the deferred live cattle futures, particularly the April contract, spilt over into the cash feeder market. Limited supplies of yearlings also contributed to the firmer tone. Feedlots have been patiently securing heavier replacements, but we’re now on the home […] Read more
U.S. grains: Corn slips to contract lows
Chicago | Reuters — U.S. corn futures fell about one per cent on Monday, with nearby months hitting contract lows as the harvest of a bumper crop picked up speed in the Midwest and early yield reports were strong, traders said. Soybean futures also declined on harvest progress, along with disappointing U.S. soy crush data […] Read more
Rain, snow mix freezes harvest progress
Alberta crop conditions as of September 11, 2018
Reading Time: 2 minutes Favourable weather conditions at the beginning of the past week led to harvest progress of about 11 per cent in Alberta, before the cold arctic weather brought a mix of rain and snow later in the week, which halted harvest. Provincially, about 28 per cent of crops have now been harvested, up 11 per cent […] Read more
Prairie harvest window possible next week
CNS Canada — Cold and wet conditions on the Prairies are expected to clear up over the next week, allowing a window of opportunity for harvest, though the size of that window remains to be seen. “Western and northern parts of Alberta have some serious issues,” said Drew Lerner of World Weather Inc. in Kansas […] Read more
U.S. farmers rush to clear crops but animals stay in Florence’s path
Chicago | Reuters — As powerful Hurricane Florence advanced toward the southeastern U.S., farmers in North Carolina rushed to harvest corn and tobacco and stock up on pig rations, while the danger of sustained rain and deadly flooding threatened a state where millions of farm animals are housed. “The governor said that North Carolina is […] Read more
Wet weather slows harvest pace
Alberta crop conditions as of September 4, 2018
Reading Time: 2 minutes Wet weather over the past week has slowed down harvesting operations in most areas across the province, especially in the North East, North West and Peace Regions. Frost was reported in some areas, but it is still early to estimate any potential damage. Currently, the quality for all crops are estimated higher than their short […] Read more
Harvest progress behind curve as hot, dry spell ends
Reading Time: 4 minutes Unsettled weather conditions continue to plague the 2018 harvest season. Producers made very little progress this past week as intermittent showers and rainfall affected all regions. Along with the moisture, cooler weather led to unwelcome frost and ended the long-lasting hot dry spell. The early morning hours saw temperatures in the central region fall below […] Read more
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