markets Archives - Page 82 of 92

U.S. slashes corn, soybean, wheat harvest forecasts

By Mark Weinraub, GFM Network News August 12, 2021

Chicago | Reuters – The U.S. government slashed its outlook for domestic corn production by 2.7 percent and its soybean harvest view by 1.5 percent on Thursday as dry soils in key western growing areas cut into the potential for a bumper harvest. The dry conditions also hampered U.S. wheat production, which was forecast at […] Read more

Corn, Reuters

Slow U.S. corn shipments could pressure supply forecasts

By GFM Network News August 11, 2021

Reuters – The United States has already secured a record corn export campaign for the nearly concluded season, but the shipments are unlikely to match the government’s current forecast because the pace has recently been too slow. Disappointing export inspections last week – a marketing year low – might be an indication that the U.S. […] Read more

Crops, Markets, Spring Wheat

Durum markets reckon with weather

'There was no wiggle room for a crop problem'

By GFM Network News July 23, 2021

MarketsFarm — The higher temperatures soared and the longer between rains in Western Canada, the lower the yield projections for most crops — and drought-tolerant durum wheat is no exception. With bids already elevated due to a downturn in potential new-crop supply, the price of durum could rise even higher. “There’s not a lot of […] Read more

File photo of pigs on a farm in Germany. (FooTToo/iStock/Getty Images)

Hogs, Livestock, Markets, Reuters

German hog market shrugs off swine fever discovery on farms

By Reuters, GFM Network News July 21, 2021

Hamburg | Reuters — German pig prices were unchanged this week despite the discovery of the disease African swine fever in farm animals, German animal farmers’ association VEZG said on Wednesday. German pig prices were the same as last week at 1.42 euros (C$2.10) per kilogram slaughter weight, the VEZG said. A third case of […] Read more

Crops, Lentils, Markets

Pulse weekly outlook: Lentil prices seen as too high, sales stalling

'Destination markets are not in desperation mode'

By GFM Network News July 21, 2021

MarketsFarm — Prices for pulses, such as lentils for example, have been approaching the point where they are good for growers but getting too expensive for the destination markets, according to Marcos Mosnaim of Mercaris Commodities. “It’s a kind of an interesting scenario, where you see farmers not selling and prices to farmers keep going […] Read more

CBOT September 2021 wheat (candlesticks) with 20-day moving average (yellow line) and MGEX and K.C. September wheats (green and orange O/H/L/C). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Wheat posts biggest weekly climb in six years

Weather woes in North America, Russia, Europe spur concerns

By Julie Ingwersen, GFM Network News July 16, 2021

Chicago | Reuters — Chicago wheat futures rose about three per cent on Friday and recorded their largest weekly gain in six years as parched conditions for North American spring wheat and adverse weather in Europe and Russia stoked concern about global supplies. Soybean futures ended higher on uncertainty about U.S. crop weather, while corn […] Read more

ICE November 2021 canola (candlesticks) with 10-, 20-, 50- and 100-day moving averages (yellow, green, purple and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: $1,000 canola not a guarantee

By GFM Network News July 14, 2021

MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the same breath the November contract […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market consolidates

By Jerry Klassen, GFM Network News July 13, 2021

Compared to last week, western Canadian feeder cattle markets traded $2-$3 on either side of unchanged. In central and southern Alberta, quality yearling steers weighing 800 lbs. continue to hover at the psychological range of $200-$210; lower-flesh steers fresh off grass weighing 900 lbs. are readily quoted in the range of $185-$190. Saskatchewan values are […] Read more

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Expensive canola required

By GFM Network News July 7, 2021

MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 million tonnes, well below the […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market calm but firm

By Jerry Klassen, GFM Network News July 6, 2021

Compared to last week, western Canadian feeder cattle prices were unchanged. Most auction markets were closed due to Canada Day. It’s been a busy spring period; there is no doubt about it. Pastures are quickly deteriorating under the intense heat and many ranchers will sell yearlings 30-45 days sooner than normal. The good news is […] Read more

U.S. livestock: Cattle futures hit new highs on resilient consumer demand

Corteva raises annual profit forecast after strong first-half performance

U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds

GFM Network News