Markets
LONDON, June 29 (Reuters) – The International Grains Council on Thursday trimmed its forecasts for the 2017-18 global corn and wheat crop. “A number of regions have experienced unfavourable weather in recent weeks and some crops forecasts are being revised lower, including the United States and the European Union,” the IGC said in a monthly […] Read more
Markets
IGC trims 2017-18 global corn and wheat crop forecasts
StatsCan – Oilseeds jump higher in seeded area report
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
VIDEO: Canada’s agricultural markets update – June 28, 2017
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered.
Spring wheat soars 3.2% on hot weather forecast, canola also rises
Weather reports that predict hot weather for the northern plains next week drove spring wheat futures to fresh multi year highs on Wednesday. Most traded September Minneapolis wheat soared 3.2 percent. Canola also rose even as the Canadian dollar jumped higher. WATCH THIS WEEK’S VIDEO CROP MARKET UPDATE FOR MORE ON THE WEATHER AND ITS […] Read more
CME live cattle up on bargain buying after selloff
CHICAGO, June 28 (Reuters) – Chicago Mercantile Exchange live cattle futures settled higher on Wednesday after bargain buying and short-covering offset early-session selling following Tuesday’s heavy losses, said traders. They said discounts in deferred months to this week’s expected cash prices contributed to market advances. June, which will expire on Friday, closed 0.650 cent per […] Read more
Canada tightens inspections of imported Brazil meat
By Rod Nickel WINNIPEG, Manitoba, June 28 (Reuters) – Canada has stepped up inspections on imported meat from Brazil to temporarily check every shipment following a corruption investigation involving Brazil’s health inspectors, the Canadian Food Inspection Agency (CFIA) said. The new protocols, which started on April 10, involve full inspection of all Brazilian meat imports […] Read more
CME live cattle futures erase Monday’s rally
CHICAGO, June 27 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday bowed to fund liquidation that wiped out Monday’s sharp gains, including the August contract’s settlement up its 3.000-cent per pound daily price limit, traders said. They attributed further selling on lower wholesale beef values that could weigh on this week’s cash prices. […] Read more
Spring wheat soars again, canola climbs with oilseeds
After trading as high as $6.93 a bushel, the Minneapolis September spring wheat contract closed at $6.86, up 17 ¼ cents or almost 2.6 percent on the day. Spring wheat rose after the USDA on Monday lowered the good to excellent rating of the crop to 40 percent. That was down from 41 percent the […] Read more
Spring wheat soars to three-year high on declining U.S. crop condition
By Julie Ingwersen CHICAGO, June 27 (Reuters) – U.S. spring wheat futures soared to their highest level in nearly three years on Tuesday on forecasts for stressful weather in the northern Plains, analysts said. Corn and soybean futures also climbed after a U.S. Department of Agriculture (USDA) report said the condition of all three U.S. […] Read more
French wheat crop status uncertain after heatwave
Rtr Jn 27 Jury still out on state of French wheat crop after heatwave PARIS, June 27 (Reuters) – A heatwave that hit France last week has left analysts with mixed views on the impact it will have on the wheat harvest this year, with some strongly reducing forecasts while others saying it came too […] Read more
