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GRAINS: Corn bounces but posts 5th weekly loss on supply pressure

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Reuters -- U.S. corn futures inched higher on bargain buying Friday but posted a fifth consecutive weekly loss as expectations of record yields in this autumn's harvest continued to hang over the market, traders said. Wheat rose on short-covering buying as the market consolidated above contract lows set this week, while soybeans ended mixed. At the Chicago Board of Trade, September corn settled up 1-1/2 cents at $3.63 per bushel, after setting a contract low a day earlier at…
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Livestock: Healthy pastures drop U.S. June cattle placements by 6 pct

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Reuters — The number of cattle placed in U.S. feedlots in June fell 6 per cent from a year ago as plentiful grazing land allowed animals to be fattened outside of feedyards longer, a government report showed on Friday. Feedyards are drawing from a shallow pool of market-ready animals after years of drought in parts of the country shrunk the herd to the lowest level in 63 years. Most of the livestock moved into feeding pens in June will come to market beginning in November, and should…
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Neonic insecticides widespread in Iowa waters

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Reuters -- A class of insecticides popular with corn and soybean farmers in the U.S. Midwest but feared as a factor in the decline of U.S. honey bee colonies and other crop pollinators, has been found to be widespread through rivers and streams in Iowa, according to a government study released on Thursday. The study, released by the U.S. Department of the Interior, U.S. Geological Survey, marks the first broad-scale investigation of multiple neonicotinoid insecticides in waterways in the…
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Producer cars still backed up in Western Canada

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CNS -- Canadian railway traffic has improved in recent months, but there is still a large backlog of producer car orders to move through. “The rail issues are behind the big guys; those who can move 100-car unit trains are getting them and moving the grain to the ports,” said analyst Wayne Palmer, of Agri-Trend Marketing. However, “the problem still lies with producer cars, which are still 15 to 20 weeks behind,” he added. Poor rail movement over the past winter prompted the…
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Hybrid rye to be tested in Manitoba

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FP Genetics and Paterson Grain are rolling out a demonstration program for a new hybrid fall rye in Manitoba. The new hybrid, dubbed Brasetto, yields about 25 per cent higher than existing varieties, says Ron Weik, seed portfolio manager with FP Genetics. Brasetto is also four to six inches shorter than Hazlet, he adds. “And it’s a lot more consistent in the height.” KWS, a German-based rye breeder, gave FP Genetics the new cereal. Brasetto is a European variety, Weik says, but it…
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Fungus in your forage? Try moose drool

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York University researchers have found a surprisingly effective way to fight against a certain species of toxic grass fungus — moose saliva. Their paper published this month in Biology Letters shows that moose and reindeer saliva slows growth and reduces toxicity of a fungus in red fescue. "Plants have evolved defence mechanisms to protect themselves, such as thorns, bitter-tasting berries, and in the case of certain types of grass, by harbouring toxic fungus deep within them that can…
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Dry weather appears headed to Canadian Prairies: climatologist

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CNS -- It appears a summer heat wave could be headed for the Canadian Prairies. Daniel Bezte, a climatologist based near Winnipeg, sees indications of an onset of warm, dry air next week (July 28-August 1). “I don’t think anybody would frown on a couple weeks of (that).” For over a month now, Bezte says the Prairies have been repeating the same basic pattern. A big tropical pressure system over eastern North America spawns the development of a ridge on the western part. Each time…
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Heavy rains in some areas

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Rain fell in much of  Saskatchewan yesterday (Thurs. July 24) and rain continues farther west. As of 9:00 a.m. Friday a WeatherFarm station at Vegreville, Alta. reports rainfall of 60.7 mm for today, and Environment Canada has a heavy rainfall warning in effect for the area.
To find current weather information from more than 1,000 stations in the WeatherFarm network, or to generate your own…
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GRAINS: U.S. soybeans extend advance on exports, weather worries

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Reuters — U.S. soybean prices rose to a near two-week high on Thursday on firm export demand and concerns that dry weather in parts of the Midwest crop belt might jeopardize yield prospects, traders said. Corn futures fell to fresh four-year lows, retreating from early gains, and wheat also fell. At the Chicago Board of Trade as of 12:33 p.m. CDT (1733 GMT), the front August soybean contract was up 10-1/4 cents at $12.11-1/4 a bushel after reaching $12.32-3/4, the highest spot price…
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LIVESTOCK: CME hog futures slide on weaker cash, pork prices

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Reuters — Chicago Mercantile Exchange hog futures on Thursday finished lower, pulled down by softer cash hog and wholesale pork prices, traders said. August finished 1.375 cents per lb lower at 123.200 cents, and October at 107.900, 2.550 cents lower. The average price of market-ready, or cash, hogs Thursday morning in the eastern Midwest, fell $1.11 per hundredweight (cwt) from Wednesday to $123.68, according to the U.S. Department of Agriculture. USDA data showed the morning's…
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