Markets
SOUTHEAST Harvest is 95 percent complete and slightly ahead of the five year average. Precipitation ranged from small amounts to 18 millimetres. Strong winds damaged bins and houses. It blew swaths around and shelled out some remaining standing crops. Cropland topsoil moisture is rated 86 percent adequate while hayland and pastures are rated 74 percent […] Read more
Markets
Harvest almost done in Saskatchewan
Alberta releases latest crop report, Oct. 16, 2015
SOUTH Harvest is almost finished with sugar beets and some late seeded canola comprising the majority of uncompleted crops. Pasture conditions are rated 42 percent good to excellent while surface and sub-surface soil moisture conditions have an average rating of 54 percent good to excellent. About half of the fall seeded crops are rated good […] Read more
LIVESTOCK-Cash price caution undercuts CME live cattle futures
CHICAGO, Oct 15 (Reuters) – Chicago Mercantile Exchange live cattle futures finished lower on Thursday after traders took profits while waiting for this week’s cash cattle trade to develop, traders said. Spot October closed 0.800 cent per lb lower at 132.950 cents, and December down 0.875 cent to 136.550. “It was a quiet day with […] Read more
Canola falls with rest of crop market on rapid harvest, improved wheat moisture
Crop futures fell across the board on Thursday as the market focused on ideal harvest weather in the U.S. Midwest and forecasts for rain next week in the dry U.S. southern Plains winter wheat region. Canola futures fell with lower soybeans and soy oil and a stronger loonie, which gained almost a half cent. Crude […] Read more
Manitoba, Ontario corn yields through the roof
Ontario may set a new record for corn yields this year because growers in every part of the province are reporting above average or bumper crops. Greg Stewart, lead agronomist for Maizex Seeds in Ontario, said the corn harvest was approximately 25 percent complete Oct. 15. Early results are promising, and Ontario may break its […] Read more
Syngenta sales fall 12 percent on Brazil weakness
ZURICH/FRANKFURT (Reuters) — Third quarter sales at Swiss agricultural chemicals group Syngenta AG fell by more than expected as the weak currency in Brazil, its second-largest market, eroded the value of overseas business. The company is under pressure to boost shareholder returns after fending off a $47 billion takeover approach from U.S. seeds rival Monsanto […] Read more
VIDEO: Canada’s agricultural markets update – October 14, 2015
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. This week […] Read more
Lower fuel, rental costs revert shipping to bulk
MINNEAPOLIS, Minn. — Grain was moved only in bulk when Stephen Lofberg started in the grain shipping business more than 40 years ago. A portion of the business shifted to containers over the last 10 years because it was a cheaper way to get grain to overseas markets. “There was no way that the bulk […] Read more
Firm sees profits in non-GM soy
MINNEAPOLIS, Minn. — There is money to be made growing non-genetically modified crops, according to a company that sells them. SunOpta’s cost-revenue comparison shows that U.S. soybean growers would be better off growing non-GM varieties next year rather than conventional soybeans. That is because of the price premiums farmers receive for growing non-GM crops and […] Read more
Potato yields may hit milestone in Canada
Average may exceed 300 hundredweight per acre for the first time if P.E.I. and New Brunswick have decent crops
Average potato yields may exceed 300 hundredweight per acre for the first time in Canada, says the United Potato Growers of Canada general manager. Potato production has been climbing steadily since 2011, when the national average was 264.8 cwt. .per acre. Last year the average yield hit 296.8 cwt. per acre. If producers in Prince […] Read more
