Reading Time: 4 minutes If you were to tell the story of the 2022 growing season in Alberta, it would be impossible not to mention that rainfall. “The story of the year is June rainfall,” said Stuart Chutter, senior analyst with the Agriculture Financial Services Corporation. [RELATED] Rain sprouts hope among southern Alberta farmers The growing season started out […] Read more
Christmas came in June this year on most farms
On most farms, taps were only turned on for a short while — but the timing was perfect
On-farm research sprouts fresh ideas for producers
Crop commissions are helping farmers get solid answers to questions they have on their farms
Reading Time: 3 minutes Do on-farm trials make a difference when applying research to real life? Several of the province’s crop commissions think so. Even when research results seem clear cut, things can get complicated when farmers try to apply them on the farm, says Jeremy Boychyn, agronomy research extension specialist with Alberta Wheat and Alberta Barley. Boychyn points […] Read more
China top destination for Canadian wheat through two months
MarketsFarm – China was the main destination for Canadian wheat through the first two months of the 2022/23 (Aug/Jul) marketing year, according to the latest trade data from Statistics Canada. Canada exported 534,000 tonnes of wheat to China in August and September, accounting for about 20 per cent of Canada’s total wheat exports-to-date. Japan, Bangladesh […] Read more
Strong commodity prices to continue: FCC
Reading Time: < 1 minute Farm Credit Canada is forecasting “another year of excellent crop prices,” albeit with big declines for some crops. The ag lender predicts canola will average $870 a tonne this crop year, which is $100 below the 2021-22 average but well above the five-year average of $490. FCC forecasts spring wheat prices to average $430 a tonne […] Read more
Prairie cash wheat: Bids dip with U.S. futures
Loonie down 0.4 U.S. cent on the week
MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as losses in U.S. futures and a firmer tone in the Canadian dollar weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $2-$4.50 per tonne during the week, according to price quotes […] Read more
Alberta crop yields top 10-year average
Reading Time: < 1 minute With harvest mostly complete, dryland yields were running about six per cent above the 10-year-average, although that varied considerably across Alberta. Aggregate yields for the five major crops (wheat, barley, canola, peas and oats) were just slightly below the 10-year average in the south and northwest. They were seven per cent higher in the northeast, […] Read more
Tough calls: canola marketing is extra complex in an unstable world
Pull the trigger or hold and hope? That perennial question is even more complicated this year
Reading Time: 3 minutes With the most expensive crop ever planted mostly in the bin and the world becoming more unstable by the day, farmers face complex choices for canola marketing. Should they sell what hasn’t been contracted to take advantage of prices hovering around $19 per bushel in early October? Or should they hold and wait for another […] Read more
Prairie cash wheat: Prices swing higher on U.S. gains
Canadian dollar down on week
MarketsFarm — Wheat prices on the Canadian Prairies were higher for the week ended Thursday. As Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats had modest upticks, Canada Western Amber Durum (CWAD) incurred double-digit increases. Gains in the U.S. wheat complex provided support, with a weaker Canadian dollar also underpinning values. […] Read more
Prairie cash wheat: Weaker loonie underpins bids
U.S. wheat futures down on week
MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as sharp declines in the Canadian dollar boosted basis levels and more than made up for the bearish influence of softening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.10-$5.40 per tonne […] Read more
Prairie cash wheat: External factors raise bids
U.S. wheat futures gain on the week
MarketsFarm — Despite the usual harvest pressures, western Canadian wheat bids jumped during the week ended Thursday, largely due to geopolitical and macroeconomic factors. The U.S. Federal Reserve on Wednesday again raised its key interest rate to combat rising inflation — this time a 75 basis point increase, to 3.25 per cent. The rate hike […] Read more
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