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Barley, Crops, Markets, Spring Wheat, Weather

Feed weekly outlook: Heat reducing potential yields, raising prices

By Adam Peleshaty, GFM Network News July 16, 2021

MarketsFarm — The hot and dry summer that has enveloped all of Western Canada is already bringing down projected yields for feed grains, creating an inverse effect on prices. “We’re losing the crop here right now with the heat and lack of moisture across the Prairies and the northern Plains of the United States,” said […] Read more

MGEX September 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines) and CBOT September 2021 wheat (black line). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Wheat climbs on stressful northern Plains weather

Chicago soybean futures sag

By Julie Ingwersen, GFM Network News July 15, 2021

Chicago | Reuters — U.S. wheat futures rose on Thursday, led by Minneapolis Grain Exchange (MGEX) spring wheat futures, which hit an 8-1/2-year high near US$9 a bushel as drought threatened crops in the northern Plains and Canadian Prairies. Soybean futures fell on disappointing domestic soy crush data and corn eased after a three-session climb. […] Read more

Charred remnants of a rail bridge destroyed by a wildfire on June 30 are seen during a media tour by authorities in Lytton, B.C. on July 9, 2021. (Photo: Reuters/Jennifer Gauthier)

Crops, Reuters, Weather

Lytton bridge re-opened but grain movement ‘hit and miss’

B.C. wildfires continue to disrupt Prairie grain movement

By Allan Dawson, GFM Network News July 15, 2021

Canadian National Railway’s fire-damaged bridge at Lytton, B.C. reopened for traffic Tuesday — but all train movement, including for grain, through British Columbia’s wildfire-ravaged southern Interior, is “hit and miss” and will remain so until the fire risk lessens. “Both (CN and Canadian Pacific Railway) are having troubles because there are so many fires in […] Read more

Farmer and Grainews columnist Toban Dyck inspects wheat on July 6, 2021 near Winkler, Man., where hot and dry weather has led to thin, uneven stands. (Photo: Reuters/Rod Nickel)

Beef Cattle, Crops, Forages, Weather

Saskatchewan raises salvage threshold for parched crops

Stock watering program also boosted; APAS, Tories' ag critic had called for more drought aid

By Dave Bedard, GFM Network News July 15, 2021

Saskatchewan’s provincial crop insurance agency is raising the yield threshold at which drought-damaged crops can be grazed, baled for greenfeed or cut for silage with no penalty on future coverage. Saskatchewan Crop Insurance Corp. said Wednesday it would double the “low yield appraisal” threshold values on cereal or pulse crop acres put to feed. SCIC […] Read more

ICE November 2021 canola (candlesticks) with 10-, 20-, 50- and 100-day moving averages (yellow, green, purple and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: $1,000 canola not a guarantee

By Glen Hallick, GFM Network News July 14, 2021

MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the same breath the November contract […] Read more

A Shanghai container terminal. (Chuyu/iStock/Getty Images)

Crops, Markets, Pulses

Pulse weekly outlook: Container crisis affecting markets, shipments

By Adam Peleshaty, GFM Network News July 14, 2021

MarketsFarm — As hot and dry weather, especially in Western Canada, have wrought havoc on Canadian pulse crops and raised prices, it’s also becoming more difficult to export pulses overseas. Shipping containers, in which 30 per cent of Canada’s peas and more than 50 per cent of Canada’s lentils are transported, are currently in a […] Read more

CBOT December 2021 corn (blue line) with Bollinger bands (20,2) and MGEX, CBOT and K.C. September 2021 wheats (green, orange and yellow lines). (Barchart)

Crops, Markets

CBOT weekly outlook: Inflation another major concern for traders

By Adam Peleshaty, GFM Network News July 14, 2021

MarketsFarm — While weather has become a primary factor in rising commodity prices over the past week, traders at the Chicago Board of Trade are also paying close attention on inflation. Earlier Wednesday morning, the U.S. Bureau of Labor Statistics announced that the producer price index (PPI) increased by one per cent, more than expected, […] Read more

Crops, Reuters

U.S. Senate Democrats roll out draft bill to legalize weed

By Arathy S Nair, Shariq Khan, GFM Network News July 14, 2021

Reuters — Three top U.S. Democratic senators on Wednesday unveiled a discussion draft of a bill that aims to legalize cannabis, a move that would allow adult Americans to buy and possess up to 10 ounces of marijuana without facing criminal penalties. The Cannabis Administration and Opportunity Act floated by Senate majority leader Chuck Schumer, […] Read more

CBOT August 2021 soybeans with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Corn, soybeans up on weather worries

MGEX, CBOT September wheats also gain

By Julie Ingwersen, GFM Network News July 14, 2021

Chicago | Reuters — U.S. corn and soybean futures hit their highest in nearly two weeks on Wednesday as forecasts called for dry weather in the Midwest crop belt next week and continued dryness in the northern Plains, threatening crop prospects, analysts said. Chicago Board of Trade December corn settled up 18 cents at $5.58-3/4 […] Read more

CBOT December 2021 corn (candlesticks) with CBOT September 2021 wheat and corn (green and yellow lines). (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn up on supply worries

Soy futures follow veg oils higher

By Julie Ingwersen, GFM Network News July 13, 2021

Chicago | Reuters — U.S. corn futures rose on Tuesday on concerns about tightening grain supplies while soybean futures advanced on strong global vegetable oil markets, analysts said. Wheat futures turned lower on profit-taking after rallying on supply concerns a day earlier. Chicago Board of Trade September corn futures settled up six cents at $5.51-1/4 […] Read more

New Quebec ag minister named in shuffle

U.S. livestock: Cattle futures fall on expectations of US agriculture secretary announcement

Agrichemicals firm Corteva explores splitting seed and pesticide units, WSJ reports

Daily Network News

New Quebec ag minister named in shuffle

U.S. livestock: Cattle futures fall on expectations of US agriculture secretary announcement

Agrichemicals firm Corteva explores splitting seed and pesticide units, WSJ reports

Crops

Feed weekly outlook: Heat reducing potential yields, raising prices

U.S. grains: Wheat climbs on stressful northern Plains weather

Lytton bridge re-opened but grain movement ‘hit and miss’

Saskatchewan raises salvage threshold for parched crops

ICE weekly outlook: $1,000 canola not a guarantee

Pulse weekly outlook: Container crisis affecting markets, shipments

CBOT weekly outlook: Inflation another major concern for traders

U.S. Senate Democrats roll out draft bill to legalize weed

U.S. grains: Corn, soybeans up on weather worries

U.S. grains: Corn up on supply worries

Canadian Cattlemen Presents: Depth of Field

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