Chicago | Reuters — U.S. corn and soybean futures pushed higher on Wednesday because of uncertainty about the size of the autumn harvests and concerns that prices had dropped too low. The gains came after the most actively traded corn contract earlier in the session dropped to its lowest price in more than three months […] Read more
Tag Archives frost — page 3
U.S. grains: Corn, soy rise from multi-month lows
CBOT weekly outlook: Traders watching weather
MarketsFarm — Corn contracts have tested contract lows on the Chicago Board of Trade, and markets are in need of a bounce. “If contract lows get taken out, you’re talking almost another 10 cents to the downside,” said Steve Georgy, president of Allendale Inc. at McHenry, Illinois. “It’s going to be very important for us […] Read more
ICE weekly outlook: Canola trade’s eyes on StatsCan report
MarketsFarm — Although Agriculture and Agri-Food Canada (AAFC) released its production forecast Wednesday, markets are focused on next week’s production report from Statistics Canada — a survey-based report which should provide a clearer picture of what’s to come. AAFC’s August report kept the canola production estimate at July’s 18.575 million tonnes. “Maybe we’ll see if […] Read more
ICE weekly outlook: Canola watching pre-harvest weather
MarketsFarm — ICE canola futures held rangebound during the week ended Wednesday, with uncertainty over new-crop production likely to keep some caution in the market over the next few weeks. “Canola is very attractively priced right now,” said Ken Ball of PI Financial in Winnipeg, noting crush margins have improved significantly in recent weeks to […] Read more
Pulse weekly outlook: Alberta markets optimistic despite weather
MarketsFarm — Varied weather across Alberta has made for an unpredictable pulse harvest. “We’ve seen everything from drought-like conditions in the south, to an overabundance of water in the central region, and to some degree in the north as well,” said Leanne Fischbuch, executive director of Alberta Pulse. Despite less-than-favourable weather conditions, pulse producers are […] Read more
Prairies at risk of frosty harvest
MarketsFarm — Another dilemma is expected for the 2019 growing season: after a late start, western Canadian farmers could be challenged by an early end. Over the Aug. 10 weekend there were isolated reports of frost in some areas of the Peace region in northwestern Alberta. Other parts of the Prairies may be experiencing similar […] Read more
Feed weekly outlook: Varying yields make for average crop
MarketsFarm — Feed grain crop yields are expected to be about average across the Prairies as harvest has kicked off. “It appears we’ll have somewhat of an average crop, with a bunch of high-yield areas and a bunch of low yield areas averaged together,” said Jim Beusekom, president of Market Place Commodities in Lethbridge. New-crop […] Read more
Feed weekly outlook: Downgrades likely for Alberta crops
CNS Canada — Snow and wet weather through a large swath of northern and central Alberta are causing havoc for farmers and will likely put more feed grains into the market. But normal harvest price discounts are still not as great as expected, said Susanne Leclerc of Market Master Ltd. in Edmonton. Feed grain prices […] Read more
First widespread frost lands on Prairies
CNS Canada — Farmers in Saskatchewan and Manitoba are waiting nervously for damage reports from Tuesday night’s frost. In Manitoba, fields between Riding Mountain National Park and Duck Mountain Provincial Park were hit with sustained frosts. “There are a few areas where they had a long duration of a light frost and that’s as bad […] Read more
Manitoba soy growers likely face light yields
CNS Canada — Manitoba soybeans will be ready for harvest well ahead of normal, provincial pulse crop specialist Dennis Lange said, fresh from fields where he was conducting maturity ratings. He said he was out around Morris on Tuesday and some soybean varieties there are already nearing full maturity. Throughout Manitoba, farmers could be taking […] Read more
Cyber-Savvy Farmer
