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Prairie hay shortage on horizon

MarketsFarm — While rain across the Prairies has eased concerns of an all-out drought, worries of a hay shortage going into winter haven’t ceased. Darren Chapman, a Virden, Man. producer and chair of the Manitoba Forage and Grassland Association (MFGA), explained that regrowth following the first cut of hay has been strong. First-cut hay crops […] Read more

U.S. grains: Corn, soy gain as market wrestles with export, crop prospects

Chicago | Reuters — Chicago corn and soybean futures settled up on Friday as investors weighed trade talks between the United States and China and expected cooler U.S. weather against uncertainty over acreage levels following a rain-soaked spring. Some analysts said there may be some technical buying pushing up futures, especially soybeans. They also looked […] Read more

Global Markets: Canadian retail sales down in May

By MarketsFarm WINNIPEG, July 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Although economists predicted a 0.3 per cent increase in retail sales in Canada, sales were down 0.1 per cent in May, according to a Statistics Canada report released on Friday. When motor vehicles […] Read more

Global Markets: Iran seizes oil tanker

By MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Iran’s Revolutionary Guard has seized a foreign oil tanker reportedly smuggling fuel in the Persian Gulf. The vessel was the same ship that was initially towed into Iranian waters after sending out a […] Read more