Markets
Almost all crop futures were trading higher on Friday following major reports from the U.S. Department of Agriculture, but the true bullish numbers were in spring wheat on lower than expected seeded area and soybeans on lower than expected quarterly stocks. USDA pegged spring wheat acreage at 10.899 million acres, down from its March estimate […] Read more
Markets
U.S. spring wheat, soy acreage less than expected – USDA
U.S. spring wheat, soy acres smaller than expected – USDA
Almost all crop futures are trading higher on Friday following major reports from the U.S. Department of Agriculture, but the true bullish numbers were in spring wheat on lower than expected seeded area and soybeans on lower than expected quarterly stocks. USDA pegged spring wheat acreage at 10.899 million acres, down from its March estimate […] Read more
StatCan – Canadian farmers raise canola, soybean seeded acres
Canadian farmers say they favoured oilseeds as they wrapped up planting the 2017 crop, according to a survey by Statistics Canada. The report issued Thursday morning pegged canola area at 22.837 million acres, at the high end of the trade’s range of expectations. The area is 12.1 percent more than last year. It will be […] Read more
Spring wheat soars again as heatwave approaches
The spring wheat market shifted from deeply concerned to panic Thursday and old crop canola saw a nice gain. Most-traded September Minneapolis wheat closed up 4.45 percent at US$7.39 ½. Earlier in the day it traded as high as $7.68. In Canada PDQInfo.ca said No. 1 CWRS 13.5 percent protein cash ranged C$8.08-$8.23 per bushel […] Read more
India ready to extend fumigation exemption: memo
Winnipeg, June 29 (CNS Canada) – The Indian government appears poised to extend the June 30 deadline and further delay implementation its fumigation policy that would have serious implications for the Canadian pulse sector. The requirement for all countries including Canada to fumigate all pulse shipments to India with methyl bromide before they leave port […] Read more
Richardson buys European Oat Millers
WINNIPEG (Reuters) — Richardson International has bought European Oat Millers in a deal that expands its geographic reach. The deal closed on June 15 and the parties did not reveal financial details. Both are privately owned. Richardson intends to increase manufacturing capacity of European Oat Millers, which is based in Bedford, England, and is the […] Read more
Feedlot placements reach 10 year monthly high
CHICAGO (Reuters) — U.S. ranchers during May drove 12 percent more cattle into feedlots than a year earlier, the most for the month in a decade, the U.S. Department of Agriculture reported June 23, topping average predictions. Higher cattle prices paid by packers last month generated more profits for feedlot operators, allowing them to buy […] Read more
Durum rally potential limited by large carry-in stocks
REGINA — There might be a strong rally in spring wheat, but durum prices have not followed as high because plenty of durum is available, said Marty Langton, senior trader at Viterra. “We’ve come off of record production pretty much everywhere around the world,” Langton said at the FCC Farm Progress Forum during Canada’s Farm […] Read more
Spring wheat premium over corn near historical high
We hope you will turn to our website for coverage of the seeded acreage re-ports from Statistics Canada and the U.S. Department of Agriculture this week. They occur June 29 and June 30, after our deadline. There is always potential for surprise in these reports, but if they show numbers similar to what the trade […] Read more
Rain on its way but dry fall to come: forecaster
REGINA — World Weather Inc.’s Drew Lerner predicts a slightly wetter bias for much of the Prairies in July, followed by a warmer and drier than normal fall. Lerner provided his summer-to-fall forecast to a crowd of hundreds at Canada’s Farm Progress Show in Regina last week. He said two flow patterns are driving prairie […] Read more
