Mexico City | Reuters — Chicago corn futures turned higher Wednesday, and wheat and soy closed down, as technical trading and investor unease about the economy roiled agricultural commodity markets. Investors scrambled to liquidate long positions, traders said, even before the Federal Reserve raised interest rates by a quarter of a percentage point and indicated […] Read more
U.S. grains: Chicago corn turns higher
CBOT soy, wheat fall on long liquidation
Grain producers give railways credit where due
A mild winter has helped keep grain moving with few disruptions, but there are some concerns about containers
Reading Time: 4 minutes In the history of Prairie grain farming, a headline saying farmers are happy with the railways is not seen often, but it’s apt for this crop year. CN recently announced a record-setting February in which it moved more than 2.4 million tonnes of grain from Western Canada that month. CP had similar reasons to boast, […] Read more
No big changes in current weather patterns
Potential for some precipitation in early April
MarketsFarm — With spring officially underway, don’t expect a lot of major changes in the current weather patterns across the Canadian Prairies and the U.S. northern Plains, according to Drew Lerner of World Weather Inc. at Overland Park, Kansas. “For the rest of March, it’s status quo, it will stay cold. We’re not going to […] Read more
U.S. pushes back against Russian demands linked to Ukraine grain deal
Russian food, fertilizer already carved out from sanctions, U.S. says
United Nations | Reuters — The United States pushed back on Russian demands that Western sanctions be eased before it allows Ukrainian Black Sea grain exports beyond mid-May, saying there were no restrictions on Russian agricultural products or fertilizer. Moscow’s demands include allowing the Russian Agricultural Bank to return to the SWIFT banking system and […] Read more
U.S. grains: Chicago soy closes lower
Brazil production, Fed in focus for soy; wheat, corn still capped by Black Sea deal extension
Reuters — Chicago soy futures reversed gains to close lower on Tuesday, pushed down by rising estimates of Brazilian production, while corn and wheat dipped as markets kept a cautious eye on an expected Federal Reserve rate hike. Wheat and corn continue to be capped by the extension of a Black Sea export corridor from […] Read more
Controlling herbicide-resistant kochia requires some different strategies
While tillage in general can harm soil health, a strategic targeted approach can help bury the seed
Reading Time: 3 minutes It’s time for a new mode of action for kochia control, but not one found in a jug of chemical. “We’ve had several years in a row of favourable conditions for kochia growth. That also can contribute to selection pressure for resistance, when herbicides are some of the primary measures that we’re using to manage […] Read more
Alberta farmland values up 10 per cent on average
Alberta's increase comes in below a national average that exceeded expectations
Reading Time: 4 minutes Average Alberta farmland values rose 10 per cent in 2022, according to Farm Credit Canada statistics released March 13. That’s less than the 12.8 per cent average for the rest of the country, but it’s the largest increase the province has seen since 2015, when prices rose 11.6 per cent. Last year’s figure follows increases […] Read more
CN, mechanics avert strike with tentative deal
Ratification votes pending
Canadian National Railway and the union representing its mechanics and intermodal and clerical workers have reached a tentative labour deal, averting a potential strike. CN, Unifor Local 100 and Unifor Council 4000 on Monday announced they have reached four new tentative collective agreements to cover about 3,000 railway employees, who had voted earlier this month […] Read more
U.S. grains: Soy closes higher on rising crude oil, stocks values
Ukraine Black Sea grain deal extended for at least 60 days
Mexico City | Reuters — Chicago Board of Trade soy futures rallied from a three-month low to close higher on Monday, catching a tailwind from U.S. stocks reassured by the announcement that UBS agreed to buy battered rival Credit Suisse, analysts said. Gains in oil prices also pushed up soybeans, which are used in ethanol […] Read more
Crop insurance premiums likely up — but not 60 per cent
Reading Time: 4 minutes Crop insurance premiums are not rising by more than half for Alberta farmers, but they’ll likely have to dig deeper in their pockets. The year-over-year average increase is 22 per cent, not the 60 per cent suggested in a recent Global news report, says the Agriculture Financial Services Corporation. That figure exists in the province’s […] Read more