MarketsFarm — Seasonal harvest pressure and expectations for large corn deliveries from the United States should limit any upside potential in feed barley bids in Western Canada for the foreseeable future despite this year’s smaller crop. “We’re getting some better-than-expected yields (in central Alberta), so there is some harvest pressure with guys needing to move […] Read more
Feed weekly outlook: Harvest pressure, looming corn imports weigh on barley bids
Some yields turn out 'better than expected'
U.S. grains: Soybeans fall to one-month low on export woes
CBOT corn, wheat end down
Chicago | Reuters — U.S. benchmark soybean futures fell below US$13 a bushel on Thursday for the first time in a month while corn and wheat futures held near multi-year lows on downbeat weekly export sales, an expanding U.S. harvest and economic worries, analysts said. Chicago Board of Trade November soybeans settled down 26-1/4 cents […] Read more
Romania, Ukraine to work on grain import-export licensing system
Three other EU countries have bans in place
Bucharest | Reuters — Romania will work with Ukraine over the next 30 days on a grain export control plan that will help protect Romanian farmers, Agriculture Minister Florin Barbu said on Wednesday. Romania is among five eastern European Union countries along with Bulgaria, Hungary, Poland and Slovakia that saw a surge of Ukrainian grain […] Read more
ICE weekly outlook: Which way will canola go?
Basis levels have recently improved
MarketsFarm — As September winds down, ICE Futures canola is poised to either climb higher or fall back, according to analyst Errol Anderson, president of ProMarket Communications in Calgary. That movement will largely be determined by the direction taken by November soybeans on the Chicago Board of Trade, which currently has support at US$13 per […] Read more
CBOT weekly outlook: Funds getting out of soybeans
Potential for U.S. government shutdown a concern
MarketsFarm — While corn and wheat prices on the Chicago Board of Trade (CBOT) stayed fairly steady during the week ended Wednesday, soybean prices steadily declined. The November soybean contract dropped 30 cents per bushel from one week ago to close Wednesday at $13.1975/bu. (all figures US$). During the same week, December corn only lost […] Read more
U.S. livestock: CME cattle end firm, consolidate below recent highs
Hogs up on discount to cash price index
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday as the market consolidated just below life-of-contract highs touched a day earlier. Tightening U.S. cattle supplies remain a supportive backdrop to the market, but fresh bullish news was lacking, traders said. Wholesale beef prices fell, extending a seasonal slide dating from […] Read more
U.S. grains: Corn futures extend bounce from multi-year low
CBOT wheat, soybeans end firm
New York | Reuters — Chicago corn futures ended higher on Wednesday, extending a rebound from this week’s near three-year lows, while wheat climbed on a pickup in global export business and soybeans followed grain prices higher. Benchmark Chicago Board of Trade (CBOT) corn climbed six cents, or 1.26 per cent, to settle at $4.82-1/4 […] Read more
‘Shocking’ farm videos barred at egg-price antitrust trial in Chicago
Food firms sought to show animal care claims not genuine
Reuters — A U.S. judge has barred Kraft, Kellogg and other major food producers from showing what the court called “shocking” and “heart-wrenching” videos of conditions inside certain hen houses at an upcoming antitrust trial against egg producers and marketers. In a ruling on Tuesday, U.S. District Judge Steven Seeger in Chicago said the risk […] Read more
Prairie Forecast: Warm fall weather to continue
Issued Sept. 20, covering Sept. 20-27
Even with some uncertainty in the last forecast, the weather models did a surprisingly good job. At one point it looked like I was going to have to send out an update as the models started trending toward a cooler pattern, but they quickly reversed back to a warm pattern. This brought the expected heat […] Read more
Kyiv acts on ‘compromise’ plan after filing WTO complaint over food ban
Three EU countries have restricted Ukraine grain imports
Kyiv | Reuters — Ukraine appealed to three neighbouring countries in the European Union on Tuesday to embark on “constructive dialogue” to end a dispute over agricultural trade, and approved what it called a “compromise scenario.” Poland, Slovakia and Hungary announced restrictions on imports from Ukraine on Friday after the European Commission decided not to […] Read more
Canadian Cattlemen Presents: Depth of Field
