MarketsFarm —The U.S. Department of Agriculture (USDA), in its oilseed crops outlook issued Wednesday, said the country’s 2019 soybean harvest will wind up the latest in 10 years. As of Sunday, the overall U.S. soybean harvest stood at 85 per cent complete, according to USDA’s weekly crop progress report. The pace was two points behind […] Read more
U.S. books latest end to soy harvest in a decade
Corn harvest a struggle for three U.S. states
MarketsFarm — With a significant amount of corn still in the fields on the U.S. northern Plains, the harvest may be grinding to a halt, according to MarketsFarm analyst Bruce Burnett. In particular, Burnett noted, the corn harvest has been further slowed by a propane shortage, which has caused issues for farmers trying to acquire […] Read more
Alberta harvest likely finished for 2019 in some regions
MarketsFarm – Alberta farmers managed to make some progress despite trying conditions of cold temperatures mixed with snow and rain, including some hail, according to the province’s latest weekly crop report. For the week ended Nov. 5, approximately 88.0 per cent of all Alberta crops were in the bin. That’s up from 80.9 per cent […] Read more
Latest USDA supply/demand report generates mixed results
MarketsFarm – In the United States Department of Agriculture’s (USDA) supply and demand report issued Friday, corn estimates were lowered from the October report and those for soybeans largely remained the same for the 2019/20 marketing year. There were some revisions for wheat as well. In the latest World Agriculture Supply and Demand Estimates (WASDE), […] Read more
Difficult Manitoba harvest nearing its end
MarketsFarm – In the latest and last weekly crop report for 2019 from Manitoba Agriculture, issued Nov. 5, the overall harvest reached 89 per cent complete province-wide However, it has continued to be a very tough slog for farmers as they contend with muddy fields, in which equipment has left deep ruts. In some areas, […] Read more
Action needed on trade talks, supply/demand report out Friday
MarketsFarm – There needs to be some kind of firm, tangible action when it comes to the partial trade agreement between the United States and China, said Steve Georgy of Allendale Inc. in McHenry, Ill. He pointed to China, which recently said it wants some of the tariffs the U.S. has on its imports to […] Read more
Western Canadian wheat bids mixed as loonie retreats from highs
MarketsFarm – Wheat bids in Western Canada were mixed for the week ended Oct. 31. Canadian Western Red Spring Wheat (CWRS) was lower, while Canada Prairie Red Spring (CPRS) was steady to lower. Canadian Western Amber Durum (CWAD) was steady to higher. The Canadian dollar dropped almost a half cent from three-month highs to hover […] Read more
ICE weekly outlook: Canola bids return to being range-bound
MarketsFarm – Until the New Year expect canola bids to remain range-bound much like it was during the summer, according to one Winnipeg-based analyst. “Canola going C$10 lower isn’t out of the question,” commented David Derwin, commodity portfolio manager with PI Financial. Below normal temperatures on the Prairies coupled with rain and snow have provided […] Read more
Alberta farmers well ahead of last year’s pace
With decent weather, Alberta farmers made good harvest progress for the week ended Oct. 22, according to the province’s latest weekly crop report issued Oct. 25. Province-wide progress vaulted from just under 59 per cent for the week ended Oct. 15 to almost 74.5 per cent. That said the overall harvest remains behind the five-year […] Read more
Key federal minister in Canada/China dispute fighting cancer
Just days after two senior cabinet ministers from the Prairies were defeated in Monday’s federal election, the Liberal government is now facing the possibility of a third stepping away from cabinet. International Trade Diversification Minister Jim Carr from Manitoba announced on Friday that he has been diagnosed with a type of blood cancer known as […] Read more
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