Crops , Latest & Featured - Canadian Cattlemen

Containerized crops may get stuck in Montreal port’s strike

Longshoremen on 'indefinite' strike as of Monday morning

By Dave Bedard, GFM Network News August 11, 2020

Bulk grain traffic through the Port of Montreal isn’t expected to be affected by a longshoremen’s strike that began Monday morning, but eastbound containerized crops may be among the traffic put on hold. CUPE’s Syndicat des debardeurs Local 375, which represents about 1,150 longshoremen and longshorewomen at the port, served notice Friday that it would […] Read more

Crops, Markets, Reuters

Nutrien cuts profit forecast on weak ammonia prices

By Reuters, GFM Network News August 11, 2020

Reuters — Canadian fertilizer maker Nutrien on Monday cut its annual adjusted profit forecast as weaker-than-normal industrial demand held back prices for ammonia and urea ammonium nitrate. The company cut the top end of its 2020 adjusted earnings per share forecast to $1.90 from $2.10 earlier, while retaining the lower end at $1.50. Even as […] Read more

A botanist with APHIS’ National Identification Services (NIS) examines the contents of an unsolicited package of seeds under a microscope on July 30, 2020. (Photo courtesy USDA/APHIS)

Crops

Unasked-for seed packets considered ‘low-risk’

But don't plant, flush or compost them, CFIA warns

By Dave Bedard, GFM Network News August 11, 2020

Federal inspectors say the unsolicited packages of seeds that have recently turned up in mailboxes across the country so far look to be “low-risk” — but still advise the public not to plant them. The Canadian Food Inspection Agency (CFIA) and U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) have both reported […] Read more

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

Crops, Markets, Weather

Yield, production increases expected from USDA

By Glen Hallick, GFM Network News August 10, 2020

MarketsFarm — Market expectations ahead of a crop production report due out Wednesday from the U.S. Department of Agriculture are for increases in U.S. soybean and corn yields. “I get the sense the trade is looking for the USDA to up corn yields by 1.9 bushels per acre, to 180.4 bu./ac., while soy yields are […] Read more

CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans up with exports, corn up slightly on dry weather

Big expected Russian, Canadian crops weaken wheat

By Christopher Walljasper, GFM Network News August 10, 2020

Chicago | Reuters — Chicago soybean futures rose on Monday as a spate of new-crop soybean export sales eased concerns about forecasts of huge harvests across the U.S. Midwest. Corn futures were buoyed by dryness in top corn-producing states, as weekend rainfall missed drought-stricken parts of western Iowa. Meanwhile, wheat futures slipped on estimates for […] Read more

File photo of a cooking oil bottling line in Spain. (Sabor de España/iStock/Getty Images)

Canola, Crops, Markets, Reuters

Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

By Hallie Gu, Rod Nickel, GFM Network News August 10, 2020

Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more

A general view of damage at the site of Tuesday’s blast in Beirut’s port area on Aug. 5, 2020. (Photo: Reuters/Mohamed Azakir)

Crops, Reuters

Missing Beirut silo worker’s family clings to hope

By Yara Abi Nader, GFM Network News August 10, 2020

Beirut | Reuters — Before he went missing on Aug. 4, Ghassan Hasrouty, an employee of Beirut’s giant grain silos for 38 years, thought he was working in the safest place in the city. The reinforced concrete walls and underground rooms were his shelter for many days during Lebanon’s 1975-1990 civil war. He used to […] Read more

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Barley bids drop ahead of harvest

By Phil Franz-Warkentin, GFM Network News August 7, 2020

MarketsFarm — Seasonal harvest pressure is already weighing on the Canadian feed barley market, with most end users covered for the time being and waiting for the new crop. “We’re seeing buyers fill up” on barley, said Susanne Leclerc of Market Master in Edmonton. Bids were dropping on a daily basis from those still in […] Read more

Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Loonie, U.S. prices trigger steep declines

U.S. wheat futures well down on week

By Glen Hallick, GFM Network News August 7, 2020

MarketsFarm — Wheat bids in Western Canada were significantly lower for the week ended Thursday. Those includes double-digit losses for Canada Western Red Spring (CWRS) wheat and Canada Prairie Spring Red (CPSR). Losses in Canada Western Amber Durum (CWAD) were relatively smaller. Pressure came from sharp losses in U.S. markets and equally sharp gains in […] Read more

Canola, Crops, Markets

Managed money’s net long position grows in canola

By Phil Franz-Warkentin, GFM Network News August 7, 2020

MarketsFarm — Fund traders remained on the buy side in canola in early August, adding to their recently established net long position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 24,489 […] Read more

Daily Network News

Faster growth for farmland values in first half of 2025 says FCC

U.S. to support soybean farmers amid China lag, expect news Tuesday, Bessent says

Media reports suggest U.S. dairy access to Canada a topic of conversation in Ottawa

Crops

Containerized crops may get stuck in Montreal port’s strike

Nutrien cuts profit forecast on weak ammonia prices

Unasked-for seed packets considered ‘low-risk’

Yield, production increases expected from USDA

U.S. grains: Soybeans up with exports, corn up slightly on dry weather

Canadian canola prices spike as shippers find back door to China

Missing Beirut silo worker’s family clings to hope

Feed weekly outlook: Barley bids drop ahead of harvest

Prairie cash wheat: Loonie, U.S. prices trigger steep declines

Managed money’s net long position grows in canola

Canadian Cattlemen Presents: Depth of Field

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