Thanks to a stretch of good weather, Alberta farmers advanced their harvest 12 points during the week ended Sept. 29 to 89 per cent complete. The Alberta agriculture department said that’s seven points above the five-year average.
Hard red spring wheat bids in Western Canada were weaker during the week ended Oct. 2, as losses in United States futures and seasonal harvest pressure weighed on values.
Emotional trading was guiding activity at the United States commodity markets, said Ryan Ettner, broker with Allendale Inc. The McHenry, Ill.-based Ettner said that particularly held true for Chicago Board of Trade soybeans and corn to a lesser extent.
The United States Department of Agriculture is still forecasting a record-large corn crop in 2025/26 despite lowering its average yield projection in the latest World Agricultural Supply and Demand Estimates released Sept. 12
Prices for feed grains on the Canadian Prairies have “started to rebound a little bit,” said Matt Beusekom, trader with Market Place Commodities in Lethbridge.