By Commodity News Service Canada
Sept. 14 (CNS Canada) – The western Canadian winter wheat harvest is almost wrapped up. However, prospects for next year remain unclear as farmers in the dry south wait for rain before seeding next year’s crop. It remains to be seen whether seeding in central and northern areas of the grain belt will be able to offset lower prospects in southern Alberta and Saskatchewan. Paul Thoroughgood at the Western Winter Wheat Initiative, said he expects seeded acres to be slightly up from a year ago.
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According to the latest Saskatchewan government crop report for the week ending Sept. 11, the province’s barley crop is 71 per cent complete, oats are 48 per cent harvested.
Corn futures enjoyed small gains on the Chicago Board of Trade today as traders waited for harvest yield reports. Frost remains a risk for the slowly maturing crops still in fields, but no serious problems were expected for the next two weeks. Futures were up 2.75 cents U.S. for the December, March and May contracts, which settled today at US$3.54.25 per bushel, US$3.66.5 per bu. and US$3.74.75 per bu. respectively.
