Chicago | Reuters — Chicago Board of Trade soybean futures finished lower on Monday as advancing U.S. harvests uncovered strong yields and increased farmers’ sales of their crops, analysts said. Pressure from harvests also hung over corn futures. U.S. farmers have finished harvesting 76 per cent of the country’s soybeans and 59 per cent of […] Read more
U.S. grains: Soybean, corn futures weaken as harvests progress
CBOT wheat rises on bargain buying
The best time to manage weeds post-harvest
Reading Time: < 1 minute Fall is a good time to spray perennials and winter annual weed species because pre-winter management can help preserve critical soil moisture for the following spring. Controlling winter annuals when they are small also offers better control. That said, spraying immediately after harvest will not offer the best results. Perennials that are chopped to stubble […] Read more
ICE weekly outlook: Canola looking for a spark
Recent declines in crude oil, diesel seen as bearish
MarketsFarm — The ICE Futures canola market hit its lowest levels in three months on the last trading day of September but has since uncovered some support in the first days of October. Canola “has found a level where it’s stabilized, but there’s not a lot of life right now,” said Ken Ball of PI […] Read more
Pulse weekly outlook: ‘Average’ dry bean crop in Manitoba
Won't be close to last year's 'pretty phenomenal' crop
MarketsFarm — As Manitoba’s pulse harvest neared completion, a provincial pulse specialist says it will vary as to whether dry bean growers are satisfied with the result. Dennis Lange said that 96 per cent of Manitoba’s dry bean crop has already come off the field. In the central region, 97 per cent of its dry […] Read more
Alberta cereals harvest surprisingly resilient
Dryland farmers in the south took a hit, but other regions pulled up the provincial average
Reading Time: 4 minutes Alberta’s cereal crop production wasn’t terrible this year, but only if judging by provincial averages. Alberta Financial Services Corporation publishes the provincial crop report along with field staff at Alberta Agriculture and Irrigation. As harvest unfolds, they’ve seen total yield estimates rise week by week. In its most recent edition, barley yield expectations increased by […] Read more
Alberta harvest nearing its finish
Reading Time: < 1 minute MarketsFarm — With a 14-point gain on the week, the Alberta harvest surpassed the three-quarters complete mark. As of Tuesday, Alberta farmers reached 79 per cent finished, just as cooler but drier weather was about to set in, the province reported. While contending with mostly dry conditions, the harvest over the week was 16 points […] Read more
Feed weekly outlook: Barley bids near bottom post-harvest
Feed corn values narrowing against barley
MarketsFarm — After a better-than-expected harvest across the Canadian Prairies, feed grain prices on the region either have bottomed out or soon will, according to Evan Peterson of JGL Commodities in Saskatoon. “They’ve dropped significantly in the past three to four weeks as harvest pressure kicked off,” he said, citing feed barley going into feedlot […] Read more
ICE weekly outlook: Canola ‘due for a bounce’
Weather co-operating, mostly, for Prairie harvesting
MarketsFarm — A month-long decline of ICE Futures canola prices, which saw the oilseed lose $110 per tonne, came to an end and was followed by a bounce-back. While the price of the November canola contract still declined by $10/tonne to $726.10 during the week ended Wednesday, it hit its lowest price since the end […] Read more
CBOT weekly outlook: Soy, corn trade watch harvest weather
USDA to publish quarterly stocks data Friday
MarketsFarm — Harvest operations for soybeans and corn are in their early stages, with seasonal selling pressure likely to limit any upside potential in the futures markets over the next few weeks. However, both commodities have found nearby support on the other side keeping values rangebound overall. The U.S. soybean harvest was 12 per cent […] Read more
Feed weekly outlook: Harvest pressure, looming corn imports weigh on barley bids
Some yields turn out 'better than expected'
MarketsFarm — Seasonal harvest pressure and expectations for large corn deliveries from the United States should limit any upside potential in feed barley bids in Western Canada for the foreseeable future despite this year’s smaller crop. “We’re getting some better-than-expected yields (in central Alberta), so there is some harvest pressure with guys needing to move […] Read more
Cyber-Savvy Farmer
