MarketsFarm — The feed grain market in Western Canada is holding reasonably steady as harvest operations progress and corn imports continue to come up from the United States. Anecdotal harvest reports were varied so far, with surprisingly positive results from some growers and others who missed out on showers ending up with lower yields, according […] Read more
Feed weekly outlook: Market steady in face of harvest, U.S. corn imports
Imports weigh on domestic barley values
U.S. escalates Mexico corn trade spat with dispute panel request
Canada 'considering its next steps'
Washington | Reuters — The United States on Thursday escalated its objections to Mexico’s curbs on genetically modified corn imports, requesting a dispute settlement panel under the North American trade pact, the U.S. Trade Representative’s office said. The request to send the dispute to arbitrators was announced after formal consultations failed to resolve deep divisions […] Read more
U.S. grains: Soybeans advance on hot, dry forecast
Corn overcomes pressure over Mexico spat
Chicago | Reuters — Chicago Board of Trade soybean futures approached a two-week high on Thursday on concerns that hot, dry weather in forecasts could reduce the upcoming U.S. harvest. The U.S. has little room for crop losses due to unfavourable weather because the government already projects tight soybean supplies, analysts said. Some worries over […] Read more
Pilot plan to cut red tape for reliable TFW employers
Farm employers can apply starting next month
Canada’s temporary foreign worker (TFW) program is set to give farms a head start in an express lane expected to cut the annual paperwork for that program’s most “trusted employers.” Federal Employment and Workforce Development Minister Randy Boissonault last week launched a three-year pilot meant to “help to address labour shortages and reduce the administrative […] Read more
U.S. livestock: CME live cattle set two-week low
Lean hogs touch June low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stumbled to their lowest level in more than two weeks on Wednesday, while lean hogs hit their lowest price since June. Drought prompted U.S. cattle producers to reduce their herds since last year by driving up feed costs and reducing the amount of pasture available […] Read more
ICE weekly outlook: Canola enters volatile harvest period
Outside veg oil markets limit the downside
MarketsFarm — The looming harvest may keep a lid on the upside in the ICE Futures canola market over the next month as participants wait to get a better handle on the size of this year’s crop. “We’re still at the mercy of trying to determine what size of crop we have,” said MarketsFarm Pro […] Read more
CBOT weekly outlook: Wheat, corn likely to trend downward
Weather to steer soybean values
MarketsFarm — Wheat and corn on the Chicago Board of Trade are likely to fall back in the coming weeks, according to Terry Reilly, senior agricultural specialist for Marex in Chicago. Soybeans, meanwhile, could go either way, he said, depending on the severity of upcoming weather conditions. Reilly commented that the December Chicago wheat contract […] Read more
U.S. says working to identify alternative paths for Ukraine grain
Danube grain facilities attacked overnight
Washington | Reuters — The United States on Wednesday condemned Russia’s continued attacks on Ukraine’s grain infrastructure and said it was working with partners to identify alternative options to ensure Ukrainian grain exports. “The United States … calls for Russia to immediately return to the Black Sea Grain Initiative,” State Department deputy spokesperson Vedant Patel […] Read more
U.S. grains: Corn up off low on weather, Black Sea tensions
Ukraine reports Russian attack on grain storage facilities
Chicago | Reuters — Chicago Board of Trade corn futures rose on Wednesday as the market recovered slightly after improved U.S. crop conditions and concerns about China’s economy pushed prices to their lowest level since December 2020. Soybean futures also rebounded from a slide on Tuesday. The gains reflected uncertainty about the size of upcoming […] Read more
Prairie Forecast: Upper ridge to bring the heat
Issued Aug. 16, covering Aug. 16-23
After going through a couple of weeks of tough forecasting, with little agreement among the weather models, this forecast period is looking a little more stable with the two main weather models for our region in basic agreement. We start off this forecast with a low over Manitoba that is quickly moving east. To the […] Read more
Canadian Cattlemen Presents: Depth of Field
