Spring wheat futures topped US$8 per bushel July 3, reaching levels not seen since 2013. The Minneapolis September contract has gained more than $2.50 per bu. in about six weeks. A bullish U.S. Department of Agriculture acreage report, released June 30, pushed futures prices for spring wheat and most crops higher. However, the real driver […] Read more
News
Spring wheat futures soaring
Sask. crops progressing, but dryness an issue
Dry conditions are becoming more widespread in Saskatchewan, especially in the southern part of the province where there has been little rain. According the Saskatchewan Agriculture crop report for the week ended July 3, topsoil moisture province-wide on cropland is rated as five percent surplus, 49 percent adequate, 37 percent short and nine percent very […] Read more
Wheat sharply down midmorning Thursday
U.S. spring wheat September futures are down about 39 cents a bushel or 4.8 percent at mid morning Thursday after touching a new four-year high a day earlier. Other wheat contracts are also lower, as is wheat, but canola is up a little and soybeans are about steady. “I’m surprised by the extent of the […] Read more
Sask rail hoppers sold to shortlines
The Saskatchewan government is selling hopper car fleet to three shortline railways. The government said in a news release it has commitments from three Saskatchewan shortline railways to buy the Saskatchewan Grain Car Corporation’s fleet of 898 hopper cars for $9.7 million. “With approximately 14 years of service life remaining, the fleet still has value […] Read more
CME cattle slump to 2-month low, hogs rise
CHICAGO, July 5 (Reuters) – U.S. live cattle futures extended losses to a more than two-month low on Wednesday as investors liquidated long positions amid declining wholesale beef prices and expectations for weaker cash cattle markets, traders and analysts said. Higher corn futures also boosted feed costs for fattening cattle, weighing on feeder cattle futures, […] Read more
Wheat market struggles but closes higher, canola also rises
A huge range of trade in spring wheat futures on Wednesday – almost a dollar a bushel — indicated the market was struggling over whether it had priced in the damage from the drought so far. In the end, Minneapolis wheat closed modestly higher. Chicago and Kansas wheat were also higher. Trade on Thursday will […] Read more
Big changes for grain marketing and research in Canada
Big changes are coming to the Canadian International Grains Institute and Western Grains Research Foundation. Both groups had been funded through the Western Canadian Deduction, a farmer check-off that sunsets on July 31 this year. CIGI’s new source of core funding will be the three wheat commissions and the seven grain exporters/handlers. They will contribute […] Read more
Bison Hump Day declared in U.S.
BIG SKY, Mont. — There’s meatless Monday and taco Tuesday, and now Wednesday has its own promotion. Bison Hump Day was announced here today during the International Bison Conference in front of more than 575 bison producers. Dave Carter, executive director for the National Bison Association, said the declaration is a way to further promote […] Read more
Canola suffers in northern U.S. drought
It’s been incredibly dry in southwestern North Dakota this year. The area is so parched that locals can cite the last time it rained. “Right in our region, around Hettinger … we had our last significant rain in April,” said John Rickertsen, a North Dakota State University extension agronomist in Hettinger, 20 kilometres from the […] Read more
India’s pulse fumigation exemption avoids penalties
Canadian pulse exports to India won’t incur higher fumigation charges. The Asian country had extended its fumigation exemption last week, saying exports leaving Canada on or before Sept.30 would not require fumigation. However, the June 29 announcement sparked concerns over possible added fees that Canadian exporters might incur because it had said pulses that were […] Read more
