Crops , Latest & Featured - Canadian Cattlemen

ICE weekly outlook: No reason for strong rally in canola

Canola likely to pull back once trading gets back into full swing in New Year

By Glen Hallick, GFM Network News December 27, 2023

There were strong gains for canola on the Intercontinental Exchange on Dec. 27, as trading resumed after being closed for Christmas and Boxing Day. However, the gain will likely not be the prelude to a major upswing in the oilseed’s prices. Rather, canola is likely to pull back once trading gets back into full swing after the New Year, according to analyst Bruce Burnett of MarketsFarm.

Crops, Markets

CBOT weekly outlook: Late Christmas gift for futures

Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans

By Adam Peleshaty - MarketsFarm, GFM Network News December 27, 2023

On what would have been a bearish week on the Chicago Board of Trade ending Dec. 27, prices received a sharp boost as trading resumed after Christmas.

Crops, Markets, Reuters

China approves seed firms for GMO corn and soybeans

The world's biggest buyer of soybeans and corn wants to reduce its reliance on imports

By Mei Mei Chu, Reuters, GFM Network News December 27, 2023

China has approved a first batch of seed companies to breed and sell genetically modified corn and soybean seeds, paving the way for commercial planting of GMO grains in a move that could cut its reliance on imports from the U.S. and Brazil.

Crops, Markets

Rising loonie and weaker futures weigh on spring wheat bids

The Canadian dollar strengthened relative to its United States counterpart

By Phil Franz-Warkentin, GFM Network News December 22, 2023

Spring wheat bids in Western Canada were mostly lower during the week ended Dec. 21, as strength in the Canadian dollar and losses in the United States futures weighed on values.

Crops, Livestock, Markets

More local barley destined for rations, but U.S. corn still moving

Prior to drought year 2021/22, Canadian corn imports had rarely topped two million tonnes

By Phil Franz-Warkentin, GFM Network News December 22, 2023

Recently revised supply/demand tables from Agriculture and Agri-Food Canada raised the forecast for domestic barley usage in the current crop year to 6.155 million tonnes. That compares with an earlier forecast of 5.471 million tonnes. If realized, that would be up by roughly 200,000 tonnes from the previous year.

CBOT soybeans ZSH24 on Dec. 21. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans fall on Brazilian rain forecasts

Corn up on technical bounce, wheat up on weaker dollar

By P.J. Huffstutter, Reuters, GFM Network News December 21, 2023

Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.

Crops, Markets, Reuters

U.S. grains: Chicago corn futures hit new lows

Exports being lost because of US-Mexico rail crossing closures, industry says

By P.J. Huffstutter, Reuters, GFM Network News December 20, 2023

Chicago front-months' corn contracts hit new lows on Wednesday after the U.S. government closed two key rail crossings into Mexico, the top importer of U.S. corn, in response to rising migrant crossings.

Crops, Markets

CBOT weekly outlook: U.S. wheat remains rangebound

U.S. wheat prices essentially bottomed out during late November; recovered somewhat in December

By Glen Hallick, GFM Network News December 20, 2023

United States wheat prices have been in something of a quandary lately, with any hope of higher prices curtailed by the need to remain competitive with cheaper Russian wheat, according to Tom Lilja of Progressive Ag in Fargo, North Dakota.

Crops, Markets

Good quality Canadian malt barley despite lower yields

CDC Copeland acres declined, with AAC Synergy the most popular malting variety

By Phil Franz-Warkentin, GFM Network News December 19, 2023

Hot and dry growing conditions cut into barley yields in Western Canada in 2023 but the quality was generally good, according to the yearly annual harvest report on barley quality from the Canadian Grain Commission (CGC).

Harvested Saskatchewan lentils. (Bobloblaw/iStock/Getty Images)

Crops, Markets

Tight Canadian lentil carryout expected

Tightest lentil stocks since July 2010 forecasted

By Phil Franz-Warkentin, GFM Network News December 19, 2023

Canadian lentil stocks are forecast to be extremely tight by the close of the 2023/24 marketing year, which should keep prices well supported despite expectations for a smaller export program.

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

Daily Network News

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

Crops

ICE weekly outlook: No reason for strong rally in canola

CBOT weekly outlook: Late Christmas gift for futures

China approves seed firms for GMO corn and soybeans

Rising loonie and weaker futures weigh on spring wheat bids

More local barley destined for rations, but U.S. corn still moving

U.S. grains: Soybeans fall on Brazilian rain forecasts

U.S. grains: Chicago corn futures hit new lows

CBOT weekly outlook: U.S. wheat remains rangebound

Good quality Canadian malt barley despite lower yields

Tight Canadian lentil carryout expected

Canadian Cattlemen Presents: Depth of Field

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