Chicago/Reuters – Chicago Mercantile Exchange live cattle futures fell for a fourth straight session on Thursday, dragged down by growing worries about hefty near-term supplies, traders said. “We’ve got more numbers (cattle) out here and more numbers coming, and that’s just a Damocles sword over this market,” said Top Third Marketing analyst Mark Gold. Fund […] Read more
U.S. livestock: Supply jitters extend CME live cattle futures losses
Dry weather worsens declining crop conditions
Alberta crop conditions as of August 1
Reading Time: < 1 minute Provincial Crop Condition ratings declined a further 3 percentage points on the week to 57 per cent rated good or excellent as hot, dry weather continued throughout the South region and has broadened its hold in the Central region. Crop conditions declined 6 points in the South and recorded a significant 14 point drop in […] Read more
Argentine wheat seedings slowed by rain
CNS Canada – Argentina’s hope for a near-record wheat crop have been dampened by excessive rain and below-average seedings. With planting nearly complete, the United States Department of Agriculture office in Buenos Aires has estimated the Argentine wheat crop at 12.8 million acres. That falls about one million acres below the official USDA forecast of […] Read more
Weather, crop conditions a ‘mixed bag’ for growers
Many came through a late, wet spring better than expected and dry hasn’t equalled disaster — but no one’s expecting a bin buster
Reading Time: 4 minutes For Alberta growers right now, the biggest clouds on the horizon are the lack of them — particularly the ones bringing rain. “It’s a real mixed bag throughout the province with some of the weather conditions that we’ve been dealt,” Rimbey-area producer Jason Lenz said earlier this month. “Certainly the south has some very, very […] Read more
Crop conditions decline, hot, dry weather continues
Alberta crop conditions as of July 25
Reading Time: < 1 minute Crop condition ratings declined a further 4 points this week to 60 per cent good/excellent, compared to the 5 year average of 74 per cent. Hot, dry weather continues to cover the South region and is now affecting significant portions of the east half of the Central region and parts of the NE region. Heavy […] Read more
U.S. grains: Improving forecast weighs on corn, soybeans
Chicago | Reuters — U.S. corn and soybean futures fell on Friday, pressured by outlooks for some relief for crops stressed by hot and dry weather during the past few weeks, traders said. “It is a little bit of a moderation in the weather forecast,” said Bill Gentry, a broker at Risk Management Commodities. “The […] Read more
Global buyers of quality wheat face disappointment in Canada
Winnipeg/Chicago | Reuters — Buyers looking to Canada for high-quality wheat to make bread as drought roils output in the northern U.S. may be thwarted, as dry weather has also hit crops there. Wheat plants with the high protein content needed to bake bread have shrivelled in the U.S., one of the world’s top exporters, […] Read more
U.S. grains: Corn, soy rise for third straight day
Chicago | Reuters — U.S. corn and soybean futures rallied on Thursday to their highest respective levels in more than a week, supported by forecasts for hot weather that will stress crops in key growing regions, traders said. Both commodities notched their third straight day of gains. Corn led the sector, rising 2.1 per cent, […] Read more
Prairie soybeans growing well ahead of key pod-filling time
CNS Canada — The way things stand now, soybeans look to continue their strong push into Manitoba and Saskatchewan. The key pod-filling time in late July and early August will ultimately decide, but soybean fields in both provinces are doing well so far. In Manitoba, which planted almost 2.23 million acres of soybeans — a […] Read more
U.S. grains: Corn, soy extend gains on outlook for dry weather
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose about one per cent on Wednesday, extending gains from the previous session on outlooks for mostly dry weather that likely will stress U.S. crops, traders and analysts said. Corn and soy prices came off their session highs at midday as investors adjusted […] Read more