MarketsFarm – Little progress was made in planting whatever acres remained in Manitoba as extreme weather made its way through the province for the week ended June 26. Provincial seeding progress sat at 93 per cent at a time of year when plantings would be complete, according to the Manitoba Crop Report released on June […] Read more
Extreme weather in Manitoba slows planting progress
Manitoba Crop Report: Plantings advance, crops threatened by weeds, insects
MarketsFarm – Seeding continues to advance in Manitoba, but recent rains have also hindered progress and emergent crops are being threatened by weeds and insects. Plantings in the province are 91 per cent complete as of June 21, four points higher than the previous week according to Manitoba’s weekly crop report. Typically, the third week […] Read more
Drought fears, fertilizer may affect Canadian acreage estimates
MarketsFarm — Traders and analysts awaiting Statistics Canada’s first survey-based acreage report for the 2022-23 crop year on Tuesday believe competition amongst crops — as well as their dependence on fertilizer, and the possibility of another drought this summer — will be determining factors. Canola stands as the best representation of traders’ concerns. Despite reaching […] Read more
AAFC warns of uncertainty in latest crop outlook
MarketsFarm — The supply/demand balance sheets for Canada’s major crops were largely left unchanged in the latest outlook Friday from Agriculture and Agri-Food Canada. While the March report only saw minor revisions, the government agency cautioned that “the economic outlook, for the world and Canadian grain markets, is particularly uncertain due to the Russian invasion […] Read more
W.A. Grain’s farmer suppliers to get 80 cents on dollar
CGC program to provide $5.6 million of $7.1 million owed
Farmers owed $7.1 million by W.A. Grain and Pulse Solutions, which had facilities in Alberta and Saskatchewan, will get $5.6 million, or about 80 per cent of the money owed to them, via the Canadian Grain Commission’s (CGC) Safeguards for Grain Farmers Program. “While we regret producers didn’t get 100 per cent (of what they […] Read more
Adjustments minor in latest AAFC crop balance sheets
MarketsFarm — Only minor adjustments to the old- and new-crop balance sheets were reported by Agriculture and Agri-Food Canada in their February supply/demand report, released Friday. New-crop production estimates were left unchanged for all of the major grains, oilseeds and pulses, with a return to average yields across the Prairies expected to lead to increased […] Read more
StatsCan confirms tight grain and oilseed stocks
Canadian corn stocks up on year
MarketsFarm — Canada’s tight supplies of canola, wheat and other crops following the 2021 Prairie drought received more confirmation from Statistics Canada with the release of updated stocks data on Tuesday. Canola stocks, as of Dec. 31, 2021, of 7.6 million tonnes were down 43 per cent from the previous year and the tightest since […] Read more
Premium discount for crop insurance being axed following record payout
After paying out $1.5 billion for crop losses last year, insurer says 20 per cent reduction won’t continue
Reading Time: 4 minutes Alberta’s crop insurer will pay out a record amount in claims — and that means the 20 per cent premium discount is being scrapped. Eleven months ago, Agriculture Financial Services Corporation announced it was not only cutting premiums by one-fifth, but would keep the discount for five years barring a “significant wreck.” But that’s exactly […] Read more
Scoular fires up flax processing near Regina
Plant to process flax for food- and feed-grade markets
U.S. grain handler Scoular’s Canadian arm has opened a new flax processing operation at its site just southeast of Regina, into what it describes as a record-strong flax market. Scoular Canada on Wednesday announced the opening of its “high-speed” flax line at Richardson, Sask., where it already processes and cleans lentils, peas and canary seed. […] Read more
Highs may be in on flax as attention turns to new crop
MarketsFarm — The highs may be in for flaxseed bids in Western Canada, with end-users covered for the time being as attention turns to the 2022 crop. “(Canadian flax) is expensive relative to other markets,” said analyst Marlene Boersch of Mercantile Consulting, speaking via Zoom in Winnipeg on Tuesday to the annual Crop Production Week […] Read more
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