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General, Weather

Environment Canada sees ‘average’ Prairie winter ahead

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MarketsFarm — An ‘average’ winter is in the forecast for most of the Canadian Prairies, according to the latest long-range seasonal forecast for December through February from Environment Canada, released Wednesday. The government department is calling for normal temperatures across all the agricultural areas of the three Prairie provinces — aside from the northernmost reaches […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Corn, Crops, Markets

Feed weekly outlook: Looming corn imports to keep lid on Prairie barley

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MarketsFarm — Large shipments of corn from the U.S., slated for delivery to Alberta’s feedlot alley, should keep domestic barley prices under pressure going forward, according to an analyst. “The barley price here will gradually decline,” said Errol Anderson of Pro Market Communications in Calgary, adding that up to 30 unit trains of U.S. corn […] Read more
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Crops, Markets, Weather

Opinions divided ahead of StatCan production report

Agency's previous estimates model-based

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MarketsFarm — Ahead of the crop production report from Statistics Canada (StatCan) due out Friday, trade expectations are above and below what the federal agency estimated in September. In August, and in September, StatCan issued production reports based on a satellite model and without any input from farmers filling out surveys. That has caused some […] Read more
Flags in front of the European Commission headquarters in Brussels. (Inakiantonana/E+/Getty Images)
Crops, Markets, Reuters, Weather

EU cuts estimate of drought-hit maize crop, raises import outlook

Commission cuts soft wheat exports, raises imports

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Paris | Reuters — The European Commission on Friday cut its estimate of this year’s drought-hit maize harvest in the European Union to a new 15-year low while again raising its projection for this season’s maize imports. European maize (corn) crops endured severe drought and several heatwaves during the crucial summer growth period. The Commission […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle top three-week high on supply worries

Lean hog futures up with slaughter pace

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Chicago | Reuters — Live cattle futures exceeded a three-week high at the Chicago Mercantile Exchange on Monday on worries about tightening U.S. supplies, while feeder cattle futures set a two-month high. Traders focused on a monthly U.S. Department of Agriculture report, issued after the market closed on Friday, that showed cattle placements into feedlots […] Read more
Drought expands across western Prairies
Crops, Weather

Drought expands across western Prairies

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MarketsFarm — Drought conditions expanded across Alberta and Saskatchewan in October, with very little precipitation across the agricultural regions of the two provinces since August. That’s according to the latest Canadian Drought Monitor from Agriculture and Agri-Food Canada, as of Oct. 31. At the end of that month, 72 per cent of the Prairie region […] Read more
Chickpeas. (CalypsoArt/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Chickpea prices rise amid tight supplies

Supplies still haven't recovered off 2021

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MarketsFarm — Chickpea prices in Western Canada are on the rise due to tight supplies, according to one trader. Prices for Kabuli chickpeas rose five cents per pound from last month, with high-delivered bids ranging from 40 cents/lb. for the seven-millimetre variety to 55.5 cents/lb. for 10-mm, according to Prairie Ag Hotwire. In comparison to […] Read more
File photo of vessels on the Mississippi River south of New Orleans on Nov. 5, 2017. (Dave Bedard photo)
Crops, Reuters, Weather

Shallow Mississippi River expected to persist as dry winter hits U.S. South

River levels at historic lows this fall

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Reuters — Low water levels on the Mississippi River are likely to persist this winter as drier-than-normal weather is expected across the southern U.S. and Gulf Coast, U.S. government forecasters said on Thursday. Drought, which currently spans 59 per cent of the country, is expected to continue or worsen in the middle and lower Mississippi […] Read more
Gary Millershaski, a farmer and scout on the Wheat Quality Council’s Kansas wheat tour, inspects winter wheat stunted by drought near Syracuse, about 170 km west of Dodge City, on May 18, 2022. (File photo: Reuters/Julie Ingwersen)
Crops, Reuters, Weather, Winter Wheat

U.S. winter wheat growers seed into dust as Plains drought persists

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Chicago | Reuters — With seeding roughly halfway complete, the 2023 U.S. hard red winter wheat crop is already being hobbled by drought in the heart of the southern Plains, wheat experts said. Seeding plans may be scaled back in the U.S. breadbasket despite historically high prices for this time of year, reflecting rising global […] Read more
Continued drought conditions are forcing cattle into feedlots and moving cow-calf producers to reduce their numbers.
Markets, Prime cuts

No relief in sight for drought-stricken U.S. cattle producers

Prime Cuts with Steve Kay

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Drought continues to afflict the U.S. cattle/beef industry. Since I last wrote about its consequences in my May column, conditions have only gotten worse in many parts of the country and there is no relief in sight. These conditions continue to force cattle into feedlots and cow-calf producers to keep reducing their beef cow numbers […] Read more

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