Statistics Canada has raised its production estimates for wheat and canola, but there’s a good chance the final numbers after harvest will be higher, according to the head of ProFarmer Canada. The September StatsCan estimates, based on a survey of 9,300 farms conducted between September 3 and 13, were released on Friday morning. The all-wheat... Read More
Category: Markets
Grains finished the last full week of trading in September in the green thanks to some unfavourable weather conditions in Europe and Asia, and better-expected-export numbers for U.S. sales. While crop progress reports in North America continue to show that things are ahead of schedule & crop quality is relatively decent, some good buying strength... Read More
Can corn production on the western side of the U.S. Corn Belt offset the reduced yields due to excess moisture in the east? That’s one of the corn market’s main questions heading into harvest. After visiting fields under knee-deep water in early July, Moe Agostino of Farms.com Risk Management says it was clear corn and... Read More
Grains this week were relatively mixed as a combination of various weather forecasts and new production reports had the trade flip-flopping all over the place. Corn and soybeans were lower with good growing conditions and South American planting starting up. The strength of the U.S. dollar has been waning a bit as expectations were confirmed... Read More
It’s an interesting market for beef producers. While fed cattle are still struggling to find their market low, feeder animals are well above last year’s prices. And cow/calf producers may be feeling relieved, but will good margins be enough to persuade herd expansion? We hand Shaun Haney a bar of soap for this mid-September edition... Read More
Corn and soybean futures have trended lower since mid-summer, but with harvest in the early stages, at least one analyst thinks the lows might be in for corn while soybean values have further to fall. Bryan Doherty, senior market advisor with Wisconsin-based Stewart-Peterson, shared his market outlook at Big Iron in Fargo, North Dakota on... Read More
From the Outdoor Farm Show in Woodstock to Big Iron in Fargo and across Canada, here’s this week’s update on harvest, markets and Canadian farm news: Poll: Indoor or Outdoor? Which Farm Shows are Best? Subscribe: iTunes | Android | RSS
Statistics Canada released its first crop production estimates using a new model-based methodology on Thursday. The model takes into account satellite data, as well as historical figures from the traditional StatsCan Field Crop Reporting Series and agroclimatic information. What wasn’t required in compiling the numbers was a survey of farmers. “The traditional survey relies completely... Read More
As harvest rolls on where weather allows, traders are getting a better handle on the yield and quality profile of this year's wheat crop. In this Wheat School episode, Bruce Burnett, weather and crop analyst with CWB (soon to be G3 Canada) Market Research, walks us through the supply/demand fundamentals as the new crop hits... Read More
This past week the PDQ (price and data quotes) website was launched for farmers across Western Canada. As noted by Tom Steve of the Alberta Wheat Commission, “This level of cooperation is encouraging and we look forward to improving the level of price transparency available for farmers and other industry stakeholders via PDQ.” In truth,... Read More