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U.S. grains: Soybeans, wheat and corn fall on profit taking

By Heather Schlitz September 6, 2024

Chicago | Reuters – Chicago soybean futures slid on Friday on expectations of large U.S. yields and profit taking following a rally earlier in the week sparked by speculators unwinding large short positions, traders said. Wheat and corn futures also dipped as funds sought profits and positioned ahead of two U.S. Department of Agriculture reports that will […] Read more

Crops, News

Alberta harvest progressing rapidly

By Phil Franz-Warkentin September 6, 2024

Warm temperatures and only minor rain delays allowed farmers in Alberta to make good harvest progress during the week ended Sept. 3, according to the latest provincial crop report. Total harvest progress for major crops came in at 31.5 per cent, which was up from 18.2 per cent the previous week and roughly double the […] Read more

Hail in a yard west of Somerset, Manitoba, June 12, 2024. Photo: Alexis Stockford/File

Crops, News

Hail, strong winds damage Prairie crops

By Adam Peleshaty - MarketsFarm September 6, 2024

A series of storms left a path of destruction in all three Prairie provinces from Aug. 19 to 25. More than one million acres were either damaged or destroyed by the storms bringing hail and strong winds, leading to more than 2,800 claims of crop damage, according to the Canadian Crop Hail Association (CCHA). “This […] Read more

Markets, Spring Wheat, Winter Wheat

Prairie Wheat Weekly: Most Western Canadian wheat bids rise

By Adam Peleshaty - MarketsFarm September 6, 2024

Western Canadian wheat bids were mostly higher during the week ended Sept. 5, following the lead of United States wheat futures. The U.S. Department of Agriculture reported the country’s spring wheat harvest to be 70 per cent complete as of the start of September, matching the five-year average and being two points ahead of last […] Read more

Crops, Markets, Reuters

U.S. grains: Corn, soy futures ease after short-covering wave

By Heather Schlitz September 5, 2024

Chicago | Reuters – Chicago corn and soybean futures fell on Thursday as large U.S. yield prospects continued to drive short covering from earlier this week, analysts said. Wheat followed corn downward, while brisk exports from the Black Sea region continued to curb prices. A lower dollar and concerns over damaging, dry U.S. Midwestern weather […] Read more

Crops, Markets

Saskatchewan farmers making good harvest progress: report

By Phil Franz-Warkentin September 5, 2024

Saskatchewan farmers made good harvest progress during the week ended Sep. 2, according to the latest provincial crop report. An estimated 42 per cent of the 2024 crop was harvested across the province, which was up from 25 per cent the previous week and ahead of the five-year average of 34 per cent done. The […] Read more

Cereals, Livestock, Markets

Feed Weekly: More grain to enter feed markets

By Adam Peleshaty - MarketsFarm September 5, 2024

Feed barley and feed wheat are in no short supply on the Prairies, according to Jim Beusekom, president of Market Place Commodities in Lethbridge, Alta. He has recently seen light test-weight barley and wheat coming from various places in Western Canada being shipped to feedlots. Beusekom added the feed grains were coming from “almost everywhere […] Read more

Crops, Markets, Reuters

U.S. grains: Soy, corn rise on weather risks, wheat up on short covering

By Heather Schlitz September 4, 2024

Chicago | Reuters – Chicago soy futures rose on Wednesday on support from short-covering and weather risks. Corn on the Chicago Board of Trade (CBOT) rose on spillover support from soy futures while wheat increased as harvest pressure eased and traders covered short positions. Industry players have been assessing whether overly dry weather in the U.S. […] Read more

Canola, Markets

ICE Weekly: Canola market suddenly in a very bad position

By Glen Hallick September 4, 2024

China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more

A partially harvested wheat field near Selkirk, Man., on Aug. 24, 2024. Photo: Greg Berg

Crops

Manitoba Crop Report: Harvest nearly one-quarter complete

By Adam Peleshaty - MarketsFarm September 4, 2024

Manitoba’s harvest continued to progress, reaching 24 per cent completion as of Sept. 2 despite light to moderate precipitation in most areas, according to the latest provincial crop report. Combining for winter wheat and fall rye was near complete at 97 per cent with a few fields in the northwest and Interlake regions yet to […] Read more

U.S. livestock: Cattle futures higher on screwworm news

Trade mission heads for Japan as Canada becomes the country’s top pork supplier

U.S. grains: Soybeans drop on lack of Chinese demand, wheat hits contract lows

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