Daily News from Glacier Farm Media Network

USDA adjusts August supply and demand numbers

By Glen Hallick - MarketsFarm August 12, 2024

While the United States Department of Agriculture raised its yield projections for 2024/25 in its latest supply and demand report on Aug. 12, production varied from the July estimates due to changes in the amount of planted acres. The August edition of the USDA’s World Agricultural Supply and Demand Estimates is its first report in […] Read more

Corn, Markets, Reuters, Soybeans

USDA forecasts record soy, bumper corn crops

By Heather Schlitz August 12, 2024

Reuters – The U.S. Department of Agriculture raised its estimates for corn and soybean production from a month earlier on Monday, adding to expectations of hefty global supplies of both crops. The agency raised its estimate for the 2024/25 soybean crop to a record 4.589 billion bushels, above 4.435 billion bushels seen last month and exceeding 4.469 billion bushels expected by analysts. USDA forecast a […] Read more

File photo of sunset over port facilities at Odesa. (Mixarde/iStock/Getty Images)

Cereals, Markets

Ukraine boosts grain exports despite intensified Russian attacks

By Jonathan Saul, Pavel Polityuk, Tom Balmforth August 12, 2024

Kyiv/London | Reuters – Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has made in the Black Sea area to boost exports even as Russia has attacked its ports. Ukraine is a major global wheat and corn grower and before Russia’s invasion in 2022 […] Read more

Markets, Reuters

U.S. livestock: Cattle, lean hog futures firm as economy concerns ease

By P.J. Huffstutter, Reuters August 9, 2024

Chicago Mercantile Exchange (CME) livestock futures turned higher on Friday, as cattle futures rebounded from recent sharp drops in pricing amid a flurry of fund selling.

Markets, Reuters

U.S. grains: Corn and soy futures near four-year low, wheat rises

By Reuters August 9, 2024

Chicago corn and soy futures closed near four-year lows on Friday and posted weekly losses, while wheat prices rose on expectations of a poor crop in France as traders positioned for Monday's U.S. supply and demand report.

Markets

Prairie spring wheat bids dip with U.S. futures, rising loonie

By Phil Franz-Warkentin August 9, 2024

Average Canada Western Red Spring (13.5%) wheat prices were down C$0.90 to down C$3.30 per tonne across the Prairies, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from C$244.80 per tonne in southeastern Saskatchewan to as high as C$272.60 per tonne in southern Alberta.

News

Canada labour board ruling opens door for rail workers to be off the job by Aug. 22

By Phil Franz-Warkentin August 9, 2024

Workers at Canada’s two major railways could be on strike as early as Aug. 22 following a decision by the Canada Industrial Relations Board (CIRB) issued Aug. 9 on the safety implications of a stoppage.

Markets, News

Flow of canola oil to U.S. set to hit record in 2024

By Geralyn Wichers August 9, 2024

American biofuel producers in the first four months of the year imported Canadian canola oil at record pace, and the flow seems set to continue for now according to analysis from Farm Credit Canada. Canada exported nearly 1.4 million tonnes of refined and crude canola oil to the U.S. from January to April.

Beef cattle graze on a pasture north of Ninette, in western Manitoba on Canada Day 2024. PHOTO: Alexis Stockford

Beef Cattle, Livestock, News

National Beef Strategy celebrates gains

By Alexis Kienlen August 9, 2024

The Canadian Beef Advisors, comprised of national beef organizations, is celebrating achieving many of the goals in the 2020-24 National Beef Strategy.

The success of Highland Custom Farming’s 15-inch cranberry beans drew a lot of questions during the Grey County Soil and Crop Improvement Association’s July 16 crop walk and elevator tour. Photo: Diana Martin

Crops

Cranberry beans sowing new ground in Grey County

August 9, 2024

Fifteen-inch cranberry beans are unheard of in southwestern Ontario, but things are done differently in Grey County. Wayne Metzger, co-owner of Highland Custom Farming (HCF), fielded questions on the Etna variety cranberry bean he planted on May 27 during the Grey County Soil and Crop Improvement Association’s July 16 crop walk and elevator tour. Why […] Read more

GFM Network News

U.S. livestock: Cattle rebound on technical buying

U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes

Good weather pushes Alberta harvest along

Daily news