Markets
Widespread rains across Saskatchewan during the week ended Aug. 11 brought much needed moisture to later seeded crops still filling. However, the precipitation slowed desiccation operations and may hurt the quality of earlier seeded crops, said the weekly provincial report.
Markets
Rains help late crops in Saskatchewan, but delay harvest
Harvest progress at two per cent complete
Rain helps brighten outlook for Australian wheat crop
The industry now expects the country’s producers to match or beat last year’s production of around 34 million tons
A large crop in Australia, one of the biggest wheat exporters, would add to pressure on prices that are already low due to ample global supply.
India vows to protect farmers in face of tariffs
The country is resisting pressure from the United States to open its markets to a wide variety of farm products
New Delhi has pledged to protect its labour-intensive agricultural sector after talks with the U.S. got bogged down leading to a 25 per cent tariff on Indian goods.
ICE canola weekly outlook: Spec selling weighs on market
Charts turning bearish
ICE futures canola contracts fell to their lowest levels in two months during the first week of August, with speculative long liquidation behind some of the selling pressure.
Wheat sees record year for exports in 2024-25
Canola exports are expected to be the third largest on record, even as sales of both wheat and canola slowed in June
Wheat and canola remain the largest exports with wheat continuing at a record pace and canola remaining the third largest on record.
U.S. livestock: Cattle make small gains, hogs slip back
Most Chicago cattle futures settled with small gains after trading near highs earlier on Wednesday. Lean hogs closed slightly down.
ICE Weekly: Canola correction brightens outlook
Canola prices rise day after China announcement
Canola prices made up some ground on Aug. 13, which caused a bit of uncertainty as to where prices could go in the coming weeks.
U.S. grains: Soybeans extend gains after USDA’s US harvest outlook cut
U.S. soybean futures climbed to a 1-1/2 month high on Wednesday, extending gains from the prior session after the U.S. Department of Agriculture forecast a much smaller autumn harvest than previously expected.
Large crops to weigh on CBOT corn/soybeans
“We have a lot of corn out there”
Expectations for a record large corn harvest in the United States this year are overhanging the futures market, which should keep values under pressure through the harvest season.
Pulse weekly: Good yields, but smaller U.S. edible bean crop expected
U.S. prices steady with Canada
Dry edible bean production in the United States is forecast to be down in 2025 despite improved yields due to a reduction in harvested area, according to updated estimates from the U.S. Department of Agriculture.
