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Most Alberta crops in good to excellent condition

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tagged Alberta crops crop report
Alberta Agriculture and Forestry has issued its latest crop report with conditions to July 19. This is an abbreviated version; click here for the full report and tables by region. With significant rains across the province, particularly in the South and Central Regions over the past two weeks, most of the agricultural lands in Alberta have seen at least near-normal amounts of precipitation to…
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U.S. livestock: Live cattle futures rally before USDA report

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tagged cash cattle cattle futures closing markets CME hog futures

Chicago / Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Friday after short-covering and bargain hunting snapped a three-day losing streak, traders said.

August live cattle ended 2.425 cents per lb higher at 109.950 cents, and October closed 2.375 cents higher at 108.075 cents.

Investors were awaiting the U.S. Department of Agriculture's monthly Cattle-On-Feed report on Friday at 2 p.m. CDT…
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Australia’s richest woman buys two cattle stations

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tagged cattle Rinehart
Reuters – Australia's richest woman Gina Rinehart has expanded her cattle business, buying two cattle properties in the country's north, as the billionaire seeks to profit from Asia's fast-growing food market. The cattle properties, located southwest of the town of Katherine in the Northern Territory, were bought from one of Indonesia's largest importers of cattle, Japfa, the Rinehart-controlled Hancock Prospecting Pty Ltd said. The financial terms of the deal were not…
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U.S. grains: Soy falls as harvest expectations rise; wheat, corn firm

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tagged cbot closing markets corn futures soybean futures U.S. dollar wheat futures
Chicago / Reuters – U.S. soybean futures fell 2.3 per cent to a three-month low on Friday as the weather forecast for August reinforced expectations that the crop developing in the U.S. Midwest would blossom into a bumper harvest. Wheat and corn futures firmed, recovering from early weakness, as investment funds unwound bearish bets ahead of the weekend. Support for corn was noted after prices touched their lowest since October 2014, while wheat turned around when it neared…
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EU approves Monsanto Roundup Ready 2 Xtend beans

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tagged Bayer GM monsanto soybeans
Reuters — The European Commission on Friday approved imports of Monsanto's Roundup Ready 2 Xtend genetically modified soybeans, opening up an important export market for North American soybeans and easing their global rollout. The decision removes a hurdle for Monsanto in its dealings with farmers and grain traders, who have to keep track of whether crops with new biotech traits have approval in major overseas markets. It follows a Chinese approval for imports of the soybeans…
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U.S. livestock: CME live cattle futures plunge to five-year low on supply worries

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tagged cash cattle cattle futures closing markets CME hog futures
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures on Thursday slumped to a five-year low in anticipation of increased supplies that could further pressure wholesale beef prices, traders said. August live cattle ended 1.900 cents per lb lower at 107.525 cents, and October closed 2.375 cents lower at 105.700 cents. Affordable grain reduced cattle input costs which translates into plenty of beef, along with pork and chicken, and much more than a year ago,…
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U.S. grains: U.S. corn extends losing streak on weak exports, good weather; soy firms

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tagged cbot closing markets corn futures soybean futures U.S. dollar wheat futures

Chicago / Reuters – U.S. corn futures fell for the third day in a row on Thursday, with good weather for crop development in the U.S. Midwest and poor exports pushing prices to their lowest in nearly two years.

Wheat and soybean futures firmed. The soy market was supported by signs that overseas buyers were looking to the United States to fill gaps caused by shortfalls in the Argentine crop, traders said.

Short-covering and…
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Hail damage claims skyrocket in Manitoba

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tagged crop hail manitoba storm
Commodity News Service Canada — The massive storms that have steamrolled through parts of Manitoba are causing significantly higher than average hail damage claims, according to the Canadian Crop Hail Association. The association's most recent hail report said the ratio of claims to policies have soared due to storms on July 4, July 10 and July 16, which affected large areas in south central and south west Manitoba. With the most recent cloudburst on July 20, David Koroscil with the…
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Saskatchewan crops developing normally

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tagged crop report Livestock producers continue with haying operations throughout the province saskatchewan
Click here for the full provincial report by district. Livestock producers continue with haying operations throughout the province, although frequent rain and high humidity have slowed progress. Twenty-two per cent of the hay crop has been cut and 28 per cent is baled or put into silage. The five year average (2011-2015) for hay progress is 23 per cent cut and 40 per…
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Salvaging hail-damaged crops

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tagged hail hail damage severe weather weather
Storm damage to crops can result in problems with nitrate accumulations, especially if the crops were heavily fertilized or manured in the spring to optimize yield. "With volatile weather comes storm damage and, for some producers, this means salvaging crops for feed," says Andrea Hanson, beef extension specialist, Alberta Agriculture and Forestry, Airdrie. Hanson cautions producers to use care as salvaged crops may have high levels of nitrates that are toxic to ruminants and emphasizes…
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