MarketsFarm — Australia is forecast to harvest record-large wheat and canola crops in 2022-23, with improved crop prospects in many parts of the country more than offsetting losses in others. That analysis comes from the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), released Tuesday. Total production of […] Read more
Australia looking at record wheat, canola crops
Near-record winter crop output expected
Grain movement stats are a window into the market
Weekly numbers from the grain commission give near real-time data on deliveries and exports
Reading Time: 2 minutes Keep an eye on the weekly numbers for producer deliveries and grain exports, says a provincial crops market analyst. “Weekly updates from the Canadian Grain Commission provide useful crop market movement and demand information,” said Neil Blue. The grain commission data covers grain and oilseeds moved in bulk (it doesn’t include container shipments) and it […] Read more
StatCan data show smaller Canadian canola, durum production
Report also logs more barley, oats than previous estimates
MarketsFarm — Canadian farmers grew less canola and durum than originally thought in 2022, but more barley and oats, according to updated production estimates from Statistics Canada released Friday. “There were both bullish and bearish surprises,” MarketsFarm Pro analyst Mike Jubinville said. While canola production of 18.174 million tonnes was still up considerably from the […] Read more
Feed weekly outlook: Looming corn imports to keep lid on Prairie barley
MarketsFarm — Large shipments of corn from the U.S., slated for delivery to Alberta’s feedlot alley, should keep domestic barley prices under pressure going forward, according to an analyst. “The barley price here will gradually decline,” said Errol Anderson of Pro Market Communications in Calgary, adding that up to 30 unit trains of U.S. corn […] Read more
Opinions divided ahead of StatCan production report
Agency's previous estimates model-based
MarketsFarm — Ahead of the crop production report from Statistics Canada (StatCan) due out Friday, trade expectations are above and below what the federal agency estimated in September. In August, and in September, StatCan issued production reports based on a satellite model and without any input from farmers filling out surveys. That has caused some […] Read more
Farmers displaced by war wait to reclaim their fields
On the edge of the front lines, one producer waits, hoping to recover the farm just a mile away
Reading Time: 5 minutes From time to time, Oleh visits the positions of troops on the front lines of war in east Ukraine. While there, he looks hopefully to the horizon. There, just one mile away, are his fields, shop and grain warehouse now occupied by Russian invaders. I will not write Oleh’s last name, nor will I show […] Read more
Feed weekly outlook: Grain prices expected to hold firm
'The farmer doesn't seem super interested in selling'
MarketsFarm — Feed prices on the Prairies are likely to remain steady through to the new year, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “I think the markets for now are to be flat,” he said, noting there has been talk in the market of 25 trains of U.S. corn that have […] Read more
Canadian grain deliveries during October mostly higher
Among grains, flax sees largest percentage decline
MarketsFarm — Deliveries of major grains in Canada during October witnessed several gains compared to a year ago, according to the latest report from Statistics Canada (StatCan) released Thursday. All grain deliveries for October 2022 exceeded 5.43 million tonnes for a 19.3 per cent increase from the previous October. During last month, total wheat deliveries […] Read more
All in all, it wasn’t a bad crop year – and that’s welcome news
Keep an eye out for flea beetles, grasshoppers and bacterial leaf streak in the coming year
Reading Time: 4 minutes A lot of flea beetles, few diseases and pretty good yields are highlights of this growing season for three crop specialists. “In general, we’re at or above average for the five-year (yield) average and some of the 10-year averages,” said Jeremy Boychyn, agronomy research extension manager with Alberta Wheat and Alberta Barley. “All of Alberta […] Read more
These are anything but normal times in the markets, says analyst
There’s not one, but three, powerful new factors at play — war, tight supplies, and rising interest rates
Reading Time: 4 minutes Glacier FarmMedia – We live in strange times, says a veteran market analyst. “I look at these markets as bipolar in some cases,” said Mike Jubinville, senior analyst with MarketsFarm. “On one hand, the macroeconomics have potentially bearish demand implications as fears of a recessionary environment take hold. But on the other hand, we have […] Read more
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