Chicago | Reuters – U.S. wheat futures rose more than 2 percent on Wednesday on increasing concerns over U.S. supplies of top-quality spring wheat after early results from an annual crop tour showed the effects of drought in the northern Plains, traders said. Corn and soybean futures also firmed, but trade was choppy as brokers weighed […] Read more
U.S. grains: Wheat climbs on signs of drought damage in northern U.S. Plains
CBOT weekly outlook: More information needed for wheat, soybeans
MarketsFarm – As a spring wheat tour of the Northern Plains of the United States wraps up, grain traders are awaiting the results with great interest. “That has wheat excited all over again, because (traders are) already well aware yields are going to be quite low,” said Ryan Ettner, broker for Allendale Inc. in McHenry, […] Read more
Crop quality greater in western Manitoba
MarketsFarm – While the western parts of Manitoba are seeing healthy crops, the eastern and Interlake regions aren’t so fortunate, according to Manitoba Agriculture and Resource Development. Crop ratings for both the southwest and northwest regions range from 50 to 75 per cent good to excellent, according to the province’s weekly crop report released on […] Read more
Southern, eastern North Dakota spring wheat yields hurt by drought
Mandan, N.D. | Reuters – Spring wheat yields in southern and east central North Dakota are well below average as a severe drought slashed production potential in the country’s top producing state, scouts on an annual crop tour said on Tuesday. Crop scouts calculated an average spring wheat yield at 29.5 bushels per acre (bpa) […] Read more
ADM quarterly profit surges amid strong U.S. corn exports to China
Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up […] Read more
Pulse weekly outlook: Healthy demand for heat-stricken Manitoba pulses
MarketsFarm – If Manitoba’s pea harvest is any indication, the province’s pulse crops will be largely deteriorated by the hot and dry weather affecting all of Western Canada, according to Manitoba Pulse & Soybean Growers executive director Daryl Domitruk. “It has affected (pulses) like it has affected most of the other crops, in that severe […] Read more
U.S. livestock: Profit-taking drags down CME livestock futures
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell on Tuesday after rising to their highest price in more than three weeks, while feeder cattle pulled back from contract highs on Monday. Lean hog futures also weakened as traders took money off the table after recent gains. Traders said profit-taking hit cattle markets […] Read more
U.S. grains: Soybeans rise for second day after U.S. crop conditions report
New York | Reuters – Chicago soybean rose for a second consecutive session on Tuesday, after a weekly U.S. government report showed crop conditions deteriorated unexpectedly last week. Corn and wheat both fell as traders took profits at midday after prices rose in the session. “It’s a trading range without much conviction,” said Brian Hoops, […] Read more
Klassen: Feed barley rally pressures feeder cattle market
Compared to last week, Western Canadian yearling steers traded $4 to $8 lower while heifers were down $2 to $4. Calves traded $5 to as much as $10 below week-ago levels. Feed barley in the Lethbridge area traded in the range of $390/tonne to as high as $415/tonne, up $25-$30/tonne from seven days earlier. Crop […] Read more
Rodent poisons allowed on B.C. farms during temporary ban
British Columbia has temporarily banned a stronger class of rodent poisons pending a review of their effects on non-target wildlife, but farm uses will be exempt. The province on July 21 announced an 18-month prohibition on sales and use of second-generation anticoagulant rodenticides (SGARs). The second-generation products are “more powerful” than the previous generation and […] Read more
Canadian Cattlemen Presents: Depth of Field
