Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures extended their rally on Thursday, rising 1.7 per cent to set a two-year high as brisk demand from China continued to support the oilseed market. Corn rose as the strength in soybeans overshadowed pressure from a smaller-than-expected Chinese corn import quota. Wheat futures jumped on technical buying and […] Read more
Markets
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Heat and lack of water causing concern for Ontario corn, soybean yields
Ontario corn, soybean and wheat crops have experienced yield drag due to the hot and dry weather conditions. During the…
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Long-term market outlook appears promising for pork and beef
Glacier FarmMedia – The outlook is cautiously optimistic for Canadian beef and pork trade, say industry experts, so long as…
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Large jump in U.S. soy acres didn’t materialize
Weather has been mostly favourable for Ontario wheat, corn and soybean crops over the past month. Average type temperatures have…
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Ontario corn exports increased in late spring
Over the past 30 days, the Ontario growing region has experienced normal temperatures and received average precipitation. There are some…
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Lower U.S. and European wheat forecasts support prices
Ontario temperatures averaged 3 C to 5 C below normal throughout May, while most of the growing region received 40…
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Weak loonie only gets Canadian farmers so far
Glacier FarmMedia – The good news is that the Canadian dollar is likely to remain weak for the foreseeable future,…
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Stories from our other publications
U.S. grains: Soybeans touch two-year top on China buying spree
Wheat up on technical buying, cash prices
U.S. livestock: CME hogs up on another swine fever case in Germany
Cash cattle values firming
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures rose on Thursday as Germany confirmed one more case of African swine fever in a wild boar, fueling market hopes that China will boost U.S. pork imports. The new case follows six others confirmed in wild boars, not farm animals, in the past week. While no farm animals […] Read more
Feed weekly outlook: Prices stronger after harvest
Reading Time: < 1 minute MarketsFarm — Feed grain prices have been higher as the harvest has concluded across most of the Canadian Prairies. “It feels like last week and this week, the harvest has wrapped up in many areas,” said Allen Pirness, a trader with Market Place Commodities in Lethbridge. “That should switch the focus for getting the crop […] Read more
Saskatchewan lentil crop projections raise skepticism
Reading Time: 2 minutes MarketsFarm — There’s a little skepticism towards Statistics Canada’s projections for this fall’s lentil crop in Saskatchewan. The federal agency on Monday pegged the province’s 2020 lentil crop to come in at around 2.61 million tonnes on about 3.73 million acres. That’s almost a 26 per cent jump in production on a 13.2 per cent […] Read more
Indian cabinet minister quits over farm legislation
Reading Time: 2 minutes New Delhi | Reuters — India’s minister for food processing resigned on Thursday over her opposition to planned laws to allow farmers to sell produce directly to bulk buyers and make contract farming easier, saying the legislation will hurt millions of the country’s farmers. “Proud to stand with farmers as their daughter and sister,” Harsimrat […] Read more
ICE weekly outlook: Canola futures at two-year highs
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts climbed to their strongest levels in two years during the week ended Wednesday, but could be nearing their highs for the time being as harvest pressure should start weighing on values. “We’re running into the top end on the monthly and weekly charts,” said Jamie Wilton, senior commodity futures […] Read more
U.S. grains: Soy jumps on China demand, fund-driven buying
CBOT wheat, corn follow soybeans higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures surged to two-year highs on Wednesday on continued export demand from top global soy buyer China and fund-driven buying, analysts said. Corn and wheat futures followed soybeans higher, with additional support from a more than four per cent jump in U.S. crude oil prices. Corn and soyoil sometimes […] Read more
U.S. livestock: CME hog futures fall as China’s hog herd rebounds
CME December live cattle rise
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures fell on Wednesday, as the futures market continues to cool in the wake of last week’s rally and on news that the size of China’s hog herd is quickly growing. Hog futures soared last week after Germany reported its first case of African swine fever (ASF) and China […] Read more
CBOT weekly outlook: Chinese demand leading factor in bullish soy market
Reading Time: < 1 minute MarketsFarm — China’s demand for U.S. soybeans has been the major factor behind the bullish soy complex at the Chicago Board of Trade (CBOT), according to Terry Reilly of Futures International in Chicago. China has been on something of a buying tear, with sales being announced by the U.S. Department of Agriculture (USDA) on a […] Read more
Pulse weekly outlook: Lentil crop expected to spike in Alberta
Reading Time: 2 minutes MarketsFarm — One bright spot for Alberta agriculture in 2020 has been the province’s lentil crop. The amount of the pulse grown this year skyrocketed by more than 173 per cent than compared to 2019, according to Statistics Canada. The federal agency reported Monday that lentil production in Alberta is set to hit a record […] Read more
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