MarketsFarm — Bids for Western Canadian spring wheat were on both sides of unchanged while those for durum were lower for the week ended Thursday. Statistics Canada (StatCan) released its model-based principal field crop production estimates on Thursday, presenting a tightening wheat crop compared to that from 2022-23. All-wheat production was projected at 29.8 million […] Read more
Prairie cash wheat: Spring wheat bids mixed, durum lower
StatCan raises projections for spring wheat harvest
Poland, Hungary, Slovakia to continue own bans on Ukraine grain
European Commission decides not to extend ban
Brussels/Warsaw | Reuters — Poland, Slovakia and Hungary will impose their own restrictions on Ukrainian grain imports, the governments said on Friday, after the European Commission decided not to extend a ban affecting Ukraine’s five EU neighbours. Restrictions imposed by the European Union in May allowed Poland, Bulgaria, Hungary, Romania and Slovakia to ban domestic […] Read more
Hurricane Lee churns toward New England, Eastern Canada
Nova Scotia may see storm surge up to three feet
Reuters — Hurricane Lee barreled across the North Atlantic toward New England and Eastern Canada on Friday, threatening to bring drenching rains, powerful winds and a life-threatening storm surge to the region over the weekend. Lee is expected to weaken into a strong tropical storm before making landfall in southwestern Nova Scotia as a strong […] Read more
U.S. livestock: CME cattle touch contract highs on cash prices, tight supplies
Lean hogs mixed in technical trading
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to life-of-contract highs on Friday on firmer cash market prices and tight supplies of market-ready animals, traders said. Feeder cattle futures also posted contract highs across the board, drawing additional support from weaker feed corn prices. Feedlot cattle in the central and southern U.S. […] Read more
Flax production lowest since 1967, StatCan predicts
Returns on effort invested 'not attractive right now'
MarketsFarm — After going into its least acres seeded since 1950, the 2023-24 Canadian flax crop is projected to be at its smallest in decades. Statistics Canada (StatCan) reported in its principal field crop estimates on Thursday that 267,900 tonnes of flaxseed are expected to be produced in this year’s harvest. The total not only […] Read more
U.S. grains: Soybeans down on positioning, crush pace
CBOT wheat ends up on week
Chicago | Reuters — U.S. soybean futures fell on Friday on technical selling and profit taking after two sessions of gains, and as a monthly crush report showed U.S. processors handled far fewer beans than expected in August. Corn futures followed soybeans lower, with both markets also pressured by improving crop conditions in Europe and […] Read more
Trudeau summons top grocers over rising food prices
Major grocers' level of profit 'does not make sense,' PM says
Ottawa | Reuters — Prime Minister Justin Trudeau on Thursday said he had summoned the country’s top grocers to help find solution to the surging food prices and vowed to cut federal taxes on new rental buildings, as he fights an affordability crisis that has dented his party’s opinion poll ratings. After meeting with Liberal […] Read more
Few surprises in StatCan report, analyst says
Downward revision on canola among those few
MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be […] Read more
Feed weekly outlook: More demand for barley in Alberta
U.S. corn imports still expected to cap barley values
MarketsFarm — As Alberta’s harvest continued, yields and crop conditions have varied across the province, according to Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “There has been such a wide range across the map, it really depends on location,” she said. “We’ve seen some areas that are just below average of […] Read more
U.S. grains: Soybeans up on signals of supply, weather concerns
CBOT wheat falls on higher U.S. dollar, corn pressured by wheat
New York | Reuters — Chicago Board of Trade (CBOT) soybean futures turned higher amid a volatile trading session on Thursday, as commodities traders wrestled with tight domestic supplies and uncertainty over weather impacts on the current U.S. crop. Analysts said that market participants are focusing on how the recent extreme heat waves across the […] Read more
Canadian Cattlemen Presents: Depth of Field
