FarmLead Update

Getting bullish on beans

On Thursday, Oct. 12, the USDA came out with month’s report of world agricultural supply and demand estimates, or more commonly known as the WASDE. Going into the report, the focus was on yields, despite the bearishness that the reports in September and August...

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Ending September grain markets with reports

This column was sent to Redfern Farm Services last week. We had technical difficulties with our website at the time and couldn't post until today. We apologize for the inconvenience. Column below: This week’s grain markets were largely influenced by that was happening...

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Gaining (Some) Ground?

Grain prices across Western Manitoba generally dipped this week as only 2018 delivery periods gained for most crops. This week, Statistics Canada released its satellite and climate data-based grain production estimates. Compared to their estimates back on Aug. 31,...

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Something vs Nothing

Grain markets continue to shift lower as harvest pressures – namely better-than-expected yields – and a stronger Canadian Dollar put pressure on cash prices. This past week the USDA came out with their monthly world agricultural supply and demand estimates. Most of...

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Who owns all the grain?

This week, Statistics Canada came out with their estimates of available grain still left in Canada for the 2016/17 crop year. At first glance, canola numbers were low, durum numbers were high, and there’s a lot of barley still available. On wheat, the market was...

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Finally, a bullish report

Statistics Canada came out with their first production estimates of the 2017 Canadian crop on Thursday, Aug. 31. For once, they weren’t bearish! 13,300 Canadian farmers were surveyed between July 19th and August 1st on their acres, yield and total production. However,...

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