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
U.S. farmers plant more corn, less soybeans in 2023
Total U.S. wheat acres estimated up about 8.5 per cent
Bovine TB turns up in Saskatchewan herd
Two cases found after U.S. test flags Canadian heifer
A heifer whose tissues tested positive for bovine tuberculosis (TB) at slaughter in the U.S. has been traced back to a Saskatchewan cattle herd which has now turned up two more cases of the disease. The Canadian Food Inspection Agency, in a report dated Wednesday, said it was notified Feb. 23 by the U.S. Department […] 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
U.S. grains: Corn, soy slide as Midwest rain outlook improves
Wheat drops on Russia production outlook
Chicago | Reuters — U.S. new-crop corn and soybean futures fell on Tuesday to their lowest in more than a week, pressured by forecasts for much-needed rains in the Midwest where crops have been deteriorating under dry conditions, analysts said. Wheat futures tumbled more than five per cent as worries subsided about political instability in […] Read more
U.S. regulator allows first sales of lab-grown meat
Products to go first to high-end restaurants
Washington | Reuters — Two companies, Upside Foods and Good Meat, said on Wednesday they have received final U.S. Department of Agriculture approval to sell lab-grown meat, paving the way for the nation’s first-ever sales of the product. With the approvals, the U.S. will become the second country after Singapore to allow the sale of […] Read more
USDA’s June WASDE report brings few notable changes
Canadian wheat harvest expectation unchanged
MarketsFarm — Very few major changes were made in the latest edition of the world agriculture supply and demand estimates (WASDE) published Friday by the U.S. Department of Agriculture. For the 2023-24 crop year, USDA pegged total domestic wheat production at 1.665 billion bushels, slightly higher than the 1.659 billion in the department’s May estimates. […] Read more
U.S. grains: Wheat futures snap winning streak
Corn weak, soybeans mixed
Chicago | Reuters — U.S. wheat futures fell on Wednesday, with the most-active Chicago Board of Trade soft red winter wheat contract snapping a five-session rally that had pushed prices to their highest in nearly three weeks, traders said. But concerns about export demand for U.S. supplies pulled wheat prices lower, with high-protein offerings notching […] Read more
U.S. grains: Weak export demand, rising U.S. dollar pressure soy, corn
Markets consolidate before U.S. holiday weekend
Chicago | Reuters — Chicago Board of Trade soybean and grain futures eased on Thursday as a strong U.S. dollar added to concerns about lacklustre export demand, traders said. The dollar rose for a fourth straight session to a two-month high, making U.S. commodities look less attractive to importers. Favourable weather for planting of U.S. […] Read more
U.S. working on limited bird flu vaccination for turkeys
No decision yet made, U.S. official says
Paris | Reuters — The United States is working on a bird flu vaccination scenario focusing on turkeys in the few states that gather the largest number of turkey farms, a move that would best meet a benefit-cost strategy, its chief veterinary officer said on Tuesday. However, no decision to vaccinate has yet been made, […] Read more
ICE weekly outlook: Unclear where canola wants to go
Soy complex's trend much more apparent
MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday, […] Read more
Cyber-Savvy Farmer
