Reading Time: 4 minutes Relatively good weather over the past week has resulted in good seeding progress. As of May 28, provincially about 91 per cent of major crops have been seeded, compared to 72 per cent a week ago and the 5-year average (2014-2018) of 79 per cent. Regionally, seeding progress was most advanced at 95 per cent […] Read more
Major crops in Alberta nearly all seeded, pastures see delayed growth
Alberta Crop Report: Conditions as of May 28
U.S. grains: Wheat, corn, soy rally on weather woes
Chicago | Reuters –– U.S. corn futures rose 4.1 per cent on Thursday, bouncing back from some technical weakness on Wednesday as traders focused on the historic slow pace of planting in the Midwest. Prices, which hit their highest in nearly three years this week, needed to continue to rally to entice farmers to seed […] Read more
U.S. grains: Soy futures extend rally
Chicago | Reuters — U.S. soybean futures rose 1.6 per cent on Wednesday, hitting their highest since mid-April on support from concerns that planting delays in the U.S. Midwest will lead to a sharp cutback in acreage as well as harvest yields, traders said. The jump followed a U.S. Agriculture Department report after the market […] Read more
U.S. grains: Corn hits three-year high as planting delays prolonged
Chicago | Reuters –– U.S. corn futures surged 4.1 per cent to their highest levels in nearly three years on Tuesday, supported by planting delays across key growing areas of the U.S. Midwest following heavy rains, traders said. The adverse weather in the Midwest and Plains also fuelled rallies in the soybean and wheat markets […] Read more
Dry weather sees good seeding progress
Alberta Crop Report: Conditions as of May 21, 2019
Reading Time: 4 minutes Since April 1, the western parts of the province received at least 40 mm of accumulated precipitation, while areas in the northern parts of the Peace Region, eastern parts of the North West, most parts of the Central, and eastern parts of the Southern Region have seen less than 20 mm of rain. Frost was […] Read more
U.S. grains: Corn climbs to one-year high as rains stall planting
Chicago | Reuters — U.S. corn futures scaled to their highest in a year on Friday as soggy U.S. Midwest field conditions and forecasts for unrelenting rain across the region heightened concerns that farmers may be unable to plant a sizable portion of the crop. Soybeans followed corn higher, also supported by worries about planting […] Read more
U.S. grains: Corn sinks as trade aid seen encouraging planting
Chicago | Reuters — U.S. corn futures dropped for the first time in nine sessions on Thursday after the U.S. Department of Agriculture (USDA) unveiled a farm aid package that could encourage farmers to plant more corn despite adverse weather this spring. Soybeans and wheat also declined as the USDA announced a $14.5 billion direct […] Read more
Federated Co-op buying Saskatchewan ethanol plant
Federated Co-operatives is set to lock in an ethanol supply for its member co-ops’ gas stations with a deal for a major Saskatchewan wheat ethanol producer. FCL announced Wednesday it will buy the Terra Grain Fuels ethanol plant in the RM of Pense near Belle Plaine, about 25 km east of Moose Jaw, for an […] Read more
U.S. grains: Soybeans rebound in technical bounce, trade aid details awaited
Chicago | Reuters — U.S. soybean futures rebounded on Wednesday in a technical correction from the prior session’s drop as the market awaited details of a Trump administration farm aid package that could encourage farmers to plant more soybeans. Corn ended firm, although spillover support from higher soy and worries over rain-delayed U.S. planting were […] Read more
U.S. to favour soybeans in trade war aid for farmers
Washington/Chicago | Reuters — The Trump administration is considering direct payments to U.S. farmers of $2 per bushel for soybeans as part of an aid package to offset the trade war with China, Bloomberg reported on Tuesday, an offer that could encourage more soy planting despite record supplies. China is the world’s top soybean importer, […] Read more