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A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: New crop expected to stabilize feed prices

Drought will drag Prairies' yields much lower

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MarketsFarm — New crop is starting to make its way into feed grain bins as the annual harvest gets underway in Alberta. However, due to the drought conditions which have enveloped Western Canada, yields will be much lower than normal. “(The yields are) generally lower than expected and (there’s been) some disappointment,” said Allen Pirness, […] Read more
Alfalfa looper larva. (CanolaCouncil.org)
Crops, Reuters

U.S. to ban use of chlorpyrifos on food crops

Cancellation already scheduled for most outdoor use in Canada

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UPDATED, Aug. 25 –– Chicago | Reuters — The U.S. Environmental Protection Agency on Wednesday said it will ban the use on food crops of chlorpyrifos insecticide, which has been linked to health problems in children. The decision is a victory for environmental activists who have fought to stop the use of the chemical that […] Read more
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans fall on technicals, U.S. weather

Wheat, corn futures end firm

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Chicago | Reuters — U.S. soybean futures fell Wednesday on technical selling and forecasts for welcome rains in northwestern portions of the U.S. Midwest, but wheat and corn futures edged higher. Chicago Board of Trade November soybeans settled down 8-1/4 cents at $13.53-1/4 per bushel (all figures US$). CBOT December wheat ended up 2-3/4 cents […] Read more
CBOT September 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat tumbles on profit-taking off eight-year high

Chicago corn, soy follow

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Chicago | Reuters — U.S. wheat futures fell more than three per cent on Tuesday in a profit-taking setback after the most-active contract reached an 8-1/2-year high last week, traders said. Corn and soybean futures followed wheat lower, with soybeans retreating from early advances despite fresh export sales of U.S. soy. Chicago Board of Trade […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Strong demand underpins yearling market

Western Canada will be seeking U.S. corn

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Compared to last week, western Canadian yearling prices were unchanged to as much as $4 higher in some cases; calf markets traded $2-$3 on either side of unchanged as prices were quite variable across the Prairies. Major feedlot operators were extremely aggressive for yearlings. Larger groups of one-cut cattle were very well bid. April live […] Read more
CBOT September 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat ends mixed, near 8-1/2-year high

Pro Farmer corn, soy tour begins in U.S.

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Chicago | Reuters — Chicago Board of Trade wheat futures took a breather on Monday after setting 8-1/2-year highs last week on concerns about tightening supplies in exporting countries hit by harsh weather. Russian agriculture consultancy Sovecon trimmed its forecast for Russia’s crop by 0.3 per cent from last week in the latest estimated reduction […] Read more
Photo: Thinkstock
Crops, Markets, Reuters

U.S. grains: Wheat rises to 8-1/2-year highs on world supply worries

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Chicago | Reuters – U.S. wheat futures climbed to 8-1/2-year highs on Friday and European wheat futures extended gains, led by fresh contract highs in Paris, after steep cuts to world stockpiles in a U.S. government report fuelled supply worries, analysts said. Soybean futures rose on fears of tightening global vegetable oil supplies, but corn […] Read more
Photo: File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME cattle futures rise after U.S. cuts beef production forecasts

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Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Thursday as the U.S. Department of Agriculture reduced its forecasts for domestic beef production. The agency, in a monthly report, trimmed its estimate for 2021 U.S. beef production by 0.1 percent from July to 26.965 billion pounds due to lighter expected carcass weights. The production forecast […] Read more
Photo: Getty Images
Crops, Markets, Reuters

U.S. grains: CBOT wheat hits three-month high as U.S. cuts global crop

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Chicago | Reuters – Chicago Board of Trade wheat futures climbed to a three-month high on Thursday after the U.S. Department of Agriculture slashed production estimates in exporting countries. Corn futures set a one-month high on a smaller-than-expected U.S. yield forecast in a USDA crop report that fueled concerns about tightening global grain supplies due to harsh […] Read more

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