Reading Time: 5 minutes Above normal temperatures over the past month have accelerated development for corn and soybeans. We estimate that 60 per cent of the Ontario soybean crop was dropping leaves and 30 per cent of the corn was mature as of Oct. 7. The seven- to 10-day forecast looks favourable, which should allow the corn and soybean […] Read more
Author Archives
U.S. crop fundamentals change as harvest arrives
A reduction in supply as of early September has improved crop prices
Klassen: Limited harvest progress weighs on feeder cattle
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets were down $2 to as much as $8 in some cases. A fortuitous bounce in the barley market resulted in a softer tone for replacement cattle. It appears that the Canadian barley crop will be smaller than earlier anticipated and some of the crop will likely […] Read more
Klassen: Adverse weather tempers feeder market
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3-$5 lower. Excessive snow in Alberta and ongoing rains across Manitoba and Saskatchewan set a negative tone. The market appeared to incorporate a risk discount, although many auction barns had limited numbers on offer. Buyers once again focused on local cattle and avoided transportation over […] Read more
Soybean market fundamentals starting to stabilize
Less U.S. China trade rhetoric and an expected lower carryout have brought some balance to market
Reading Time: 5 minutes Above normal temperatures during September have allowed Ontario corn and soybean crops to develop under favourable conditions. Approximately 75 per cent of the Ontario corn was in the early stage of denting as of Sept. 23. We expect the corn harvest to occur between mid-October and first week of November. Most of the soybean crop […] Read more
Klassen: Yearling prices remain firm
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets were relatively unchanged with the exception of southern Alberta where 800-plus-lb. feeders traded $5 to as much as $8 higher. Strength in deferred live cattle futures and weakness in barley prices were the main factors driving demand in the Lethbridge area. The U.S. Department of Agriculture’s bullish […] Read more
Klassen: Feeder cattle market remains volatile
Reading Time: 2 minutes Western Canadian yearling markets appeared to stabilize after coming under pressure earlier in the month. Compared to last week, yearling prices were unchanged to $4 higher on average while calf markets traded $2-$3 on either side of unchanged. Major feedlots were more aggressive for 800-plus-lb. cattle as feed grain prices continue to grind lower. Favourable […] Read more
Frost dates will be critical to corn and soybean marketing this year
The average frost free date in Ontario ends in early to mid-October
Reading Time: 5 minutes The average temperature in Ontario during August was two to three degrees Celsius below normal while most of the growing region experienced average precipitation. The corn and soybean crops need warm weather to advance crop development. Most of the Ontario growing region has an average frost date between Oct. 1 and Oct. 10; areas closer […] Read more
Klassen: Feeder market experiences softer demand
Reading Time: 2 minutes Compared to the previous week, western Canadian yearling markets traded $4-$6 lower on average; calves were down $5 to as much as $10 in some cases. U.S. feeder cattle markets were also down $5-$8 from seven days earlier. The extended period of negative feeding margins appears to be taking a toll on the feeder market. […] Read more
Klassen: Feeder market experiences mixed tone
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices traded $3-$5 on either side of unchanged. Auction market volumes are growing in Saskatchewan and Manitoba; however, central Alberta prices held a definite premium of $8-$10 over the eastern Prairie regions. Ontario orders are starting to surface in Manitoba but prices were out of reach with Alberta […] Read more
Cool weather persists and will affect Ontario crop yields
Tours of the U.S. Midwest are finding lower yields than predicted by USDA
Reading Time: 6 minutes Temperatures in Ontario have been two to three degrees Celsius below normal over the past 30 days. Precipitation has been quite variable with the bulk of the central and northern regions receiving 40 per cent to 80 per cent of normal rainfall. Quick look Soybeans: The Ontario soybean crop is expected to have lower protein […] Read more
