It’s shaping up to be a dry and early harvest across much of Western Canada this year, particularly in the southern grain belt. High temperatures, extremely dry field conditions and lack of rainfall have caused crops to mature quickly and will result in lower-than-average yields in many areas, particularly south of the Trans-Canada Highway. Crop […] Read more
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Dry summer, early harvest
Wheat down hard again on Tuesday
Crop futures generally fell again on Tuesday with spring wheat leading the way down. Canola was also lower, but the decline of about one percent was not as bad as in other crops. A more benign weather outlook for the U.S. Midwest is the prime price-negative factor in the market, which largely ignored the larger […] Read more
Eastern N.Dakota spring wheat prospects below average, not as bad as feared: tour
GACKLE, N.D., July 25 (Reuters) – Yield prospects for hard red spring wheat in southeastern North Dakota were below average following hot and dry weather during the growing season, scouts on an annual crop tour said Tuesday. But the Wheat Quality Council tour’s early yield calculations were not as bad as some had feared. “So […] Read more
Russia wheat suffers quality problems
MOSCOW, July 24 (Reuters) – Russian wheat export prices were mixed last week after rallying for nine straight weeks due to concerns over a lack of high quality wheat and strengthening competition with France for wheat supplies to Egypt. Black Sea prices for Russian wheat with 12.5 percent protein content and for August delivery were […] Read more
Storms in Argentina to slow last weeks of wheat sowing
BUENOS AIRES, July 24 (Reuters) – Storms in Argentina over the coming two weeks will slow the final stages of 2017-18 wheat planting, crop weather experts said on Monday, adding that flooded areas will likely be sown with soy once the moisture evaporates later this year. Argentina’s wheat-planting window ends in August. Heavy rains will […] Read more
Canola, wheat slammed lower on cooler weather
Canola got hammered below $500 per tonne Monday as a U.S.-led grain markets selloff bled over into already weak canola futures. November fell $10.80 to $494 per tonne, while January fell to $499.90. The selloff hit all main crops, but was most intense in canola and wheat. September Minneapolis spring wheat settled US$7.50 ½, down […] Read more
Drought fuels 11-year high in U.S. June feedlot cattle placements
By Theopolis Waters CHICAGO, July 21 (Reuters) – Ranchers placed 16.1 percent more cattle in U.S. feedlots last month than in June 2016, making it the most for the month in more than a decade, the U.S. Department of Agriculture reported on Friday. Good profits for feedlots in June allowed them to buy more calves […] Read more
Crop futures end week on down note as weather improves
Rain in western Canada and an improved forecast for the U.S. Midwest weighed down crop futures on Friday. Corn notched the biggest decline, sagging 2.7 percent and falling below the key $4 a bushel level. “Corn was down all day long off of unexpected rains through the center of Iowa and a six-to-ten day model […] Read more
Organic claims have loopholes in some provinces
Almost all organic food in Alberta is legitimately organic, but there’s a chance that’s not the case for organic produce, meat or grain sold by farmers directly to consumers. The Alberta government has no legislation requiring organic foods to be certified if it is produced and sold within the province. Therefore, it’s possible for a […] Read more
Ag ministers reach new farm program agreement
ST. JOHN’S, N.L. — All provinces and territories have signed on to the new Canadian Agricultural Partnership, but there are still some disagreements about business risk management provisions within the five-year deal that takes effect next April 1. In particular, Saskatchewan says it doesn’t support late participation in AgriStability. That measure would allow producers to […] Read more
