Pasture conditions in much of Saskatchewan were diminishing due to the hot and dry conditions. While sporadic rainfall in north and east parts of the province will benefit later seeded crops as they mature, but came too late for early seeded crops.
An ongoing lack of demand has forced feed grain prices to drop back recently, according to Darcy Haley, vice-president of AgValue Brokers in Lethbridge.
With rain forecast for most of the United States Corn Belt, the prospects for larger than expected soybean and corn crops is pretty much certain, according to broker Scott Capinegro of AgMarket Inc. in Chicago.
Chicago soybean futures lost more ground on Tuesday, setting another four-year low a day after U.S. Department of Agriculture data reinforced the prospect of a bumper U.S. harvest.
The harvesting of fall cereals was well underway in Manitoba, according to the province’s latest crop report released on Aug. 13. Manitoba Agriculture said 39 per cent of the fall rye and 17 per cent of the winter wheat had been combined.
Chicago | Reuters – Chicago soybeans took a nosedive on Monday to their lowest level since September 2020 as the U.S. Department of Agriculture released data showing a record production forecast for the crop. Meanwhile, corn rose as the government agency saw smaller than expected acreage, and wheat fell on competition from Black Sea crops. The Chicago […] Read more
While the United States Department of Agriculture raised its yield projections for 2024/25 in its latest supply and demand report on Aug. 12, production varied from the July estimates due to changes in the amount of planted acres. The August edition of the USDA’s World Agricultural Supply and Demand Estimates is its first report in […] Read more
Kyiv/London | Reuters – Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has made in the Black Sea area to boost exports even as Russia has attacked its ports. Ukraine is a major global wheat and corn grower and before Russia’s invasion in 2022 […] Read more
Chicago corn and soy futures closed near four-year lows on Friday and posted weekly losses, while wheat prices rose on expectations of a poor crop in France as traders positioned for Monday's U.S. supply and demand report.