WINNIPEG, Manitoba — Another good harvest weather week advanced the prairie harvest to 95 percent, up from 85 percent Oct. 13. Except for the wettest areas in eastern Saskatchewan and western Manitoba, cereals and canola are close to finished. Grain corn and soybeans are most of what is left.
India broke World Trade Organization rules by blocking imports of U.S. poultry and other farm products because of unsubstantiated bird flu fears, a WTO dispute panel ruled on Tuesday, potentially opening up an estimated $300 million a year export market for the U.S.
Projected U.S. wheat ending stocks for 2014 to ’15 are down 44 million bushels. Production for 2014 to ’15 is up 5 million bushels based on the latest estimate from the Sept. 30 Small Grains 2014 Summary.
U.S. Department of Agriculture
October 13, 2014
Cash prices for U.S. soybeans have dropped by as much as $5 per bushel since last week as processors have slashed historically high bids for the beans during the early phases of a record harvest, grain merchants and analysts said on Tuesday.
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