Markets
Winnipeg – After a year of market woes for lentils, it looks as though the Saskatchewan lentil yield won’t be the best either. “I think overall we would be expecting lentil yields lower than average this year but it’s hard at this point to put a figure or a number on that,” said Carl Potts, […] Read more
Markets
Trump: NAFTA threatened, Mexico deal made
(Reuters) – The United States and Mexico agreed on Monday to a sweeping trade deal that pressures Canada to accept the new terms on autos trade, dispute settlement and agriculture to keep a trilateral North American Free Trade Agreement (NAFTA). U.S. Trade Representative Robert Lighthizer said the White House is ready to notify the U.S. […] Read more
NAFTA-not fails to excite markets
NAFTA or a lack of it was not on the minds of traders Monday, at least when it came to grains and oilseeds. It likely did fuel some fire under lean hogs and feeder cattle, as those posted positive results on the day. And despite a lack of North American trade deal and its potential […] Read more
Canola finishes flat, below $500
Western Canadian farmers were sitting on their hands and their canola. Buyers might have been interested, but producers weren’t with harvest about to start in earnest, beyond pulses and a bit of wheat. Futures positions were also slow to trade, as highly variable yields are being reported and the next Canadian acreage report will be […] Read more
Chicago corn and soy markets seeing little action
One trader isn’t expecting much movement on the Chicago Board of Trade (CBOT) corn and soybean markets until harvest starts in the United States Midwest. “I’m looking (past) all the (information) that we see every day and hear. We wait until the combines roll, they tell you the truth,” said Scott Capinegro of Barrington Commodity […] Read more
Healthy exports, dry conditions offset harvest pricing pressure on Prairie feed grains
Farmers’ urgency to sell off the combine is pressuring Western Canadian feed grain prices, but the weight is not as heavy as usual. “It feels like we’re seeing all producers wanting movement right away here, and that’s kind of putting some downward pressure on the price,” said Nelson Neumann, a junior trader at Agfinity at […] Read more
Sask. crop proceeds well ahead of average pace
Saskatchewan harvest continues to come off well ahead of the five-year average. Saskatchewan Agriculture, in its latest crop report for Aug. 14-20, said the harvest was 16 per cent complete compared to the five-year average of seven per cent. Dry weather was allowing producers to stay in fields. Harvest is most advanced in the southwest, […] Read more
U.S. crop tours find mature crops
Early indications on social media and on Ag Web from The Pro Farmer Midwest Crop Tour that travels throughout much of the American grain belt report a mature corn crop in Illinois overall for this time of year with its yield potential almost set. Scouts said corn may not be able to attain the record […] Read more
Aussie drought props up peas
Canadian yellow peas are receiving support from a different crop grown on the other side of the world. Drought is taking a toll on Australia’s wheat crop. The United States Department of Agriculture forecasts 22 million tonnes of production, which is well below the previous five-year average of 25 million tonnes. That has led to […] Read more
Non-GM soybean market requires more acres
In 2017, farmers in Ontario and Quebec planted around four million acres of soybeans. About 25 percent of the beans, or one million acres, were non-genetically modified. Those soybeans are designated as food grade and are used to make products such as soy milk and tofu. Non-GMO, or identity preserved (IP) soybeans, are a huge […] Read more
