Crops , Latest & Featured - Canadian Cattlemen

Funds cover canola short positions

By Phil Franz-Warkentin, GFM Network News August 16, 2019

MarketsFarm — Fund traders covered some of their large net short position in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in canola came in Tuesday at 66,293, a decrease of roughly 3,000 contracts […] Read more

Crops, Markets, Spring Wheat

Cash wheat: Bids mixed, watching futures and currency

By Phil Franz-Warkentin August 16, 2019

MarketsFarm — Wheat bids in Western Canada were narrowly mixed during the week ended Thursday, with losses in U.S. futures countered by support from a softer Canadian dollar. The Canadian dollar was down by roughly a third of a cent relative to its U.S. counterpart, while the futures were all lower following bearish U.S. Department […] Read more

CBOT September 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn, soy, wheat rise but post big weekly losses

By Mark Weinraub August 16, 2019

Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Friday on a technical rebound as traders evened up positions after the grains market posted sharp declines during the week. The heavy weekly losses — corn posted its biggest weekly drop in percentage terms since June 2016 — stemmed from a surprise boost […] Read more

U.S. Senator Chuck Grassley speaks to reporters after a vote at the U.S. Capitol in Washington on May 14, 2019. (Photo: Reuters/Jonathan Ernst)

Corn, Crops, Reuters

Ag-state senator says Trump EPA ‘screwed us’ with biofuel waivers

By Humeyra Pamuk August 16, 2019

Washington | Reuters — Iowa’s Republican Senator Chuck Grassley said the Trump administration’s Environmental Protection Agency has “screwed” the U.S. ethanol industry and farmers by granting waivers to 31 small petroleum refineries, effectively exempting them from an obligation to use more ethanol in their products. The powerful senator, who represents the largest ethanol-producing state in […] Read more

Crops, Weather, Winter Wheat

Winter wheat harvest varies by province

By Glen Hallick August 15, 2019

MarketsFarm — Depending where a farmer is located, Canada’s winter wheat crop has varied this year. Ontario has long been the country’s powerhouse for winter wheat. Statistics Canada projected the province’s farmers to seed just over one million acres this year, nearly 75 per cent of Canada’s total winter wheat acres. However, Marty Vermey, senior […] Read more

(Gonzalo Calle Asprilla/iStock/Getty Images)

Crops, Markets, Reuters, Spring Wheat

U.S. CFTC says Kraft, Mondelez to pay $16M in wheat price manipulation case

By Reuters August 15, 2019

Reuters — The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz and Mondelez International will have to pay US$16 million in penalty regarding a wheat manipulation case that dates back to 2015. Kraft Heinz, which was Kraft Foods until 2015, and snack food firm Mondelez bought $90 million of December 2011 wheat […] Read more

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: No long-term shortage expected

By Glen Hallick August 15, 2019

MarketsFarm — Waiting for the 2019 harvest to roll in is the only factor that could create a feed shortage, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “As far as things look today, I don’t see a reason to be concerned about a feed shortage. If anything we could have a feed […] Read more

(Photo courtesy Canaryseed Development Commission of Saskatchewan)

Crops, Weather

Saskatchewan canary seed crops may not recover

By Marlo Glass – MarketsFarm August 15, 2019

MarketsFarm –– Canary seed crop yields may be hampered by dry early summer conditions, and rain that didn’t come quite soon enough. Saskatchewan’s west-central region, home to the lion’s share of the province’s canary seed crops, received very little rain during the spring and early summer. “That area was beyond recovery when the rain finally […] Read more

CBOT December 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn futures break losing streak

By Mark Weinraub August 15, 2019

Chicago | Reuters — U.S. corn futures steadied near a three-month low on Thursday as traders said the market was oversold following sharp declines stemming from a bearish U.S. Agriculture Department harvest forecast issued on Monday. Soybean futures traded higher overnight but turned lower after a weak export sales report. Soy futures settled near session […] Read more

(Photo courtesy Canola Council of Canada)

Crops

Grain growers get extension on 2018 APP repayment

By GFM Staff August 15, 2019

Grain, oilseed and pulse crop growers who took out cash advances from the Advance Payments Program for the 2018-19 crop year will get an extra six months to repay, effective Friday. Federal Agriculture Minister Marie-Claude Bibeau on Thursday announced a six-month stay of default for APP advances on grains, oilseeds and pulses, to March 31, […] Read more

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Daily Network News