Dry conditions continued to spur quick seeding progress in Manitoba, as the provincial agriculture department reported spring planting reached 95 per cent complete as of June 3.
Markets — page 19
Spring planting in Manitoba close to finished
Province gets very little rain over the week
Ukraine corn exports seen falling sharply in June, producers union says
Kyiv | Reuters – Ukrainian corn exports are set to fall to one million metric tons in June from two million tons in May, as Ukraine-origin corn is uncompetitive compared to its American equivalent, producers’ union UAC said on Wednesday. Ukraine is a traditional corn grower and exporter and exports are expected at around 22 […] Read more
Pulse Weekly: India grants 10-month extension on duty-free yellow peas
‘Important news for our industry’ says Pulse Canada president
There is some good news for the Canadian pulse industry after months of doldrums as the Indian government extended its duty-free period on its imports of yellow peas by 10 months. The Indian government made the announcement late in the day on May 30.
U.S. livestock: Cattle, hog prices ease off
Cattle prices on the Chicago Mercantile Exchange slipped back on Tuesday despite earlier gains. The August live cattle contract rose to US$212.850 per hundredweight during the day, but eventually closed at US$209.750, a loss of US$1.250 compared to Monday’s close. The August feeder cattle contract also reached its highest price since May 13 at US$304.550/cwt. […] Read more
U.S. grains: Soybeans buoyed by higher crude oil; wheat sags
Chicago | Reuters — U.S. soybean futures rose on Tuesday, rallying from a seven-week low struck a day earlier, as strong crude oil prices lifted soyoil futures and traders weighed expectations that the leaders of United States and top global soy buyer China will speak this week. Corn futures bounced after dipping to multi-month lows […] Read more
USDA’s spring and winter wheat ratings exceed expectations
Recent rains helping crops
The U.S. Department of Agriculture’s weekly crop progress report showed on Monday 50 per cent of U.S. spring wheat and 52 per cent of winter wheat in good to excellent condition, exceeding analyst expectations.
Klassen: Feeding margin uncertainty weighs on feeder cattle market
For the week ending May 31, Western Canadian feeder cattle markets traded steady to as much as $10 lower on average. Dryer grass conditions in certain regions of Manitoba and central and northern Saskatchewan may have contributed to the softer tone at certain locations. Many feedlot operators continue to sit on their hands for the […] Read more
U.S. grains: Soybeans fall to seven-week low; corn eases, wheat climbs
Chicago | Reuters — Chicago Board of Trade soybean and soyoil futures fell to their lowest levels in seven weeks on Monday on worries about demand for U.S. oilseed supplies and generally favorable crop weather, analysts said. Corn futures followed soybeans lower. But wheat futures rose on short-covering as a Ukrainian drone attack in Russia […] Read more
U.S. livestock: Cattle futures, boxed beef on the rise
In the first trading day of June, live and cattle futures on the Chicago Mercantile Exchange made substantial gains.
As seeding nears end in Alberta, moisture becoming an issue
Planting advances 10 points at 90 per cent complete
Spring planting in Alberta entered the home stretch with overall progress at 90 per cent seeded as of May 27, the province's agriculture department reported. Provincewide, the pace put Alberta farmers nine points above the five-year average.
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