Markets
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.
Markets
VIDEO: Canada’s agricultural markets update – March 2, 2017
Informa raises Brazil soy crop forecast to 108 million tonnes -trade
CHICAGO, March 2 (Reuters) – Private analytics firm Informa Economics on Thursday raised its estimate of Brazil’s 2016-17 soybean crop to 108 million tonnes, from 106.5 million previously, two trade sources said. In a monthly report, the firm also raised its estimate of Brazil’s 2016-17 all-corn production to 91.0 million tonnes, from 89.0 million last […] Read more
Bank of Canada holds rates, watching ‘significant uncertainties’
OTTAWA, March 1 (Reuters) – The Bank of Canada acknowledged on Wednesday that fourth-quarter growth might have been stronger than anticipated, but it left interest rates unchanged at 0.50 percent as it focused on the “significant uncertainties” facing the economy. In an unusually short policy statement, the central bank maintained its cautious stance. It downplayed […] Read more
Swamped Brazil highway stalls soy trucks
SAO PAULO, March 1 (Reuters) – About 3,000 trucks carrying soybeans are backed up on a major road to port through the Amazon region that has become impassible due to swamps caused by heavy rainfall, highway police said on Wednesday. Trucks are bogged down on an unpaved section of the BR-163 highway in southern Pará […] Read more
(VIDEO) ‘Times are incredibly difficult’: U.S. farmer
Western Producer reporter Sean Pratt is in San Antonio, Texas attending the Bayer AgVocacy Forum and the 2017 Commodity Classic. He is filing a blog touching on some of the daily highlights from those two events. Look for full stories about some of those topics in upcoming issues of The Western Producer. SAN ANTONIO, Texas […] Read more
Commodity Classic news and issues from Texas
Western Producer reporter Sean Pratt is in San Antonio, Texas attending the Bayer AgVocacy Forum and the 2017 Commodity Classic. He is filing a blog touching on some of the daily highlights from those two events. Look for full stories about some of those topics in upcoming issues of The Western Producer. SAN ANTONIO, Texas […] Read more
Wheat disease sees Canadian farmers looking at oats
Winnipeg, Feb. 27 (CNS Canada) – Canadian farmers are showing an increased interest in seeding oats this spring, despite a lack of activity from a pricing standpoint, as quality concerns in wheat and barley have growers looking to other cereals. “We are seeing a huge influx of acres into oats,” said Scott Shiels, grain procurement […] Read more
LIVESTOCK-CME live cattle futures score 10-month high on beef demand
CHICAGO, Feb 27 (Reuters) – Chicago Mercantile Exchange live cattle futures reached their highest since late April 2016, driven by short-covering amid brisk wholesale beef demand, said traders. They said speculators bought deferred cattle contracts after Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report proved less bearish than some had anticipated. February live cattle, which […] Read more
Ukraine to start 2017 spring grain sowing in a few days
KIEV, Feb 27 (Reuters) – Ukrainian farmers will start the 2017 spring grain sowing in a few days, expecting to sow a total of 7.2 million hectares of various spring grains, the agriculture ministry said on Monday. Last year, Ukraine, the global third-largest grain exporter, started spring sowing on Feb. 24, taking advantage of favourable […] Read more
Too soon to give up on wheat: expert
Wheat prices have been slumbering for so long they seem to be in a coma, broken only by farmers’ nightmares of never making a profit with the crop again. But adviser Mike Krueger thinks there’s a chance that could change this year, giving wheat more upside potential than oilseeds. “I think … wheat could be […] Read more
