Markets
SYDNEY, Sept 12 (Reuters) – Australia on Tuesday cut its forecast for 2017-18 wheat production by nearly 10 percent to an eight-year low, as dry weather cuts yields across the country’s largest producing regions. With harvesting set to begin in coming months, wheat production is expected at 21.64 million tonnes, the Australian Bureau of Agricultural […] Read more
Markets
Australia cuts 2017-18 wheat forecast to 8-year low
Funds, short-covering extend CME live cattle gains
CHICAGO, Sept 8 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday closed higher for a third day in a row, led by fund buying and investors who covered previously short positions, said traders. December led advances after funds in CME’s livestock markets that track the Standard & Poor’s Goldman Sacks Commodity Index bought […] Read more
Markets wrap: Canola down on harvest pressure, Russia crop increases
Canola futures slid a little lower on Friday, capping a week when the November contract fell $5.70 per tonne on a stronger loonie and harvest pressure. Today the November contract closed at $491.60, down $2.40 or 0.47 percent, with prospects for a hot sunny weekend and rapid harvest progress. Today’s Alberta crop report said as […] Read more
Strong durum prices expected
Farmers with a durum crop should be able to enjoy both a decent price this winter and much needed aid in clearing last year’s crop, some analysts say. The crop might be small, but it’s vital. Durum supply will be a combination of new production and the carry over from 2016-17. “It’s still going to […] Read more
Three rules for grain marketers: test, test, test
On-line grain trading forum FarmLead has introduced a new grain testing platform designed to help farmers get maximum value for the grain they produce and sell. GrainTests.com is an on-line service that gives farmers accessto grain testing labs across Canada and the United States. Farmers who use the service select the lab of their choice, […] Read more
Spreads help drive up CME live cattle futures
CHICAGO, Sept 7 (Reuters) – Chicago Mercantile Exchange live cattle closed higher on Thursday after investors bought October futures and simultaneously sold deferred months in a trading strategy known as bull spreads, traders said. Some market participants, also through spreads, purchased live cattle futures and at the same time sold CME lean hog contracts. There […] Read more
Higher Canadian dollar a new reality for rest of 2017
WINNIPEG, Sept. 7 – Higher interest rates and a stronger Canadian dollar relative to the American currency is giving Canadian farmers a double whammy. According to Farm Credit Canada’s chief agricultural economist it is a situation farmers will likely have to deal with for at least the remainder of the year. J.P. Gervais said he […] Read more
U.S. farmers ponder more soybean acres as corn returns disappoint
DECATUR, Ill. — In the northern hemisphere, the crop is on its way to the bin and with large amounts of it priced and delivery months established, farmers can turn their attentions to 2018. Canadian farmers will largely see positive margins. That is not the case in the United States, where corn and wheat left […] Read more
Canola price limited by global oilseed prospects
Crop markets usually fall to their lowest levels of the year in the August-September period as yield projections firm and combines start to roll in North America. It is too early to say that the lows are in, but with August in the rearview mirror, we might be getting close. The next United States Department […] Read more
Halt to rail loading site closures sought
A Saskatchewan farm organization has called for a moratorium on closing producer car loading sites. The Agricultural Producers Association of Saskatchewan said Canadian Pacific Railway’s decision to close 10 locations leaves farmers at a disadvantage. “Producer car loading is an important source of competition and innovation in Saskatchewan’s agriculture industry,” said president Todd Lewis. APAS […] Read more
