Ample supplies and a lack of demand are weighing on Western Canadian feed barley in early October, with both buyers and sellers reluctant to push values one way or the other.
Combining in Saskatchewan is in the home stretch as the province’s agriculture department reported it at 84 per cent complete. Although the harvest advanced 16 points during the week ended Sept. 29, it was eight points behind the five-year average.
Emotional trading was guiding activity at the United States commodity markets, said Ryan Ettner, broker with Allendale Inc. The McHenry, Ill.-based Ettner said that particularly held true for Chicago Board of Trade soybeans and corn to a lesser extent.
Agriculture and Agri-Food Canada made several upward adjustments to its supply and demand estimates, after including the data from the Statistics Canada production update earlier this month.
Corn production in Mexico is to improve to 25 million tonnes in 2025/26, while the country’s wheat crop is to recede a little, said the United States Department of Agriculture attaché in Mexico City.
Chicago | Reuters — U.S. soybean futures fell to their lowest in a week on Friday, erasing early gains after a phone call between U.S. President Donald Trump and Chinese President Xi Jinping failed to yield news on soybean exports, analysts said. Corn and wheat futures followed soybeans lower. Additional pressure stemmed from the ongoing […] Read more
Harvest progress in Manitoba hit the halfway mark during the week ended Sept. 16, according to the latest crop report from the provincial agriculture department.