While demand and activity is slowly ramping up for the fall cattle run, feed grain prices are currently in decline, said a Lethbridge, Alta.-based trader.
Chicago Board of Trade wheat futures ended higher on Tuesday after falling to a five-year low on abundant global supplies. Corn also higher, while soybeans end down.
Chicago | Reuters — U.S. soybean futures rose for a second straight day on Wednesday on expectations that U.S. harvest yields will be lower than the latest government forecast and on limited sales by farmers awaiting news from U.S.-China trade talks and details of government aid. Corn followed soybeans higher as an expected yield forecast […] Read more
Oats futures at the Chicago Board of Trade have trended steadily lower for the past three months, with cash bids in Western Canada seeing a similar trend.
Thanks to a stretch of good weather, Alberta farmers advanced their harvest 12 points during the week ended Sept. 29 to 89 per cent complete. The Alberta agriculture department said that’s seven points above the five-year average.
Hard red spring wheat bids in Western Canada were weaker during the week ended Oct. 2, as losses in United States futures and seasonal harvest pressure weighed on values.