Glacier Farm Media – Prices for green and yellow peas across Western Canada have likely hit their peak, according to Darwin Hamilton of Kalshea Commodities Inc.
Pulse weekly outlook: Good prices for green, yellow peas
Reduced production, increased demand from India and China bolster market
Funds back adding to shorts in canola after month of covering
Corn traders were on the other side of the market
After a month of covering short positions, fund traders were back adding to their bearish bets to start December, with the net short position in the oilseed growing by roughly 13,000 contracts, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Weather Network predicts mild winter, with caveats
Colder scenario expected for East
MarketsFarm — Strong El Niño conditions that have developed in the Pacific Ocean would typically lead to a milder winter across Canada — but other factors this year could challenge that outlook, according to the winter forecast from The Weather Network, released Wednesday. The winter forecast features a mild start to the season, with a […] Read more
IGC raises world crop projections
If realized, the world wheat crop will the second largest on record
Projected worldwide wheat, corn and soybean production in 2023/24 was raised by the International Grains Council in its latest update, with better-than-expected corn yields in the United States and larger Black Sea wheat crops behind the adjustment.
Long-range outlook points to warmer winter
Odds less likely for Prairies next three months
MarketsFarm — Warmer than normal temperatures are expected across nearly all of Canada this winter, with average precipitation for most of the agricultural areas of the Prairies. The latest long-range seasonal forecast from Environment Canada, released Tuesday, calls for a 40 per cent chance of above-normal temperatures from November through January across most of Alberta, […] Read more
Cuts to corn output drag IGC’s overall estimates lower
Wheat production estimate up, soy down
MarketsFarm — Reductions to global corn production for 2023-24 resulted in the International Grains Council cutting some of its numbers in its monthly supply and demand report issued Thursday. The London-based IGC reduced its forecast for world corn output from its September call of approximately 1.222 billion tonnes, to 1.219 billion. Although total use in […] Read more
U.S. wheat, barley production increases in 2023
MarketsFarm — The U.S. Department of Agriculture issued its small grains 2023 summary on Friday, showing a 10 per cent increase in all wheat production in 2023 of 1.81 billion bushels. While oat production dipped one per cent at 57 million bushels, barley output rose six per cent at 185 million. U.S. wheat in 2023 […] Read more
Alberta harvest nearing its finish
Reading Time: < 1 minute MarketsFarm — With a 14-point gain on the week, the Alberta harvest surpassed the three-quarters complete mark. As of Tuesday, Alberta farmers reached 79 per cent finished, just as cooler but drier weather was about to set in, the province reported. While contending with mostly dry conditions, the harvest over the week was 16 points […] Read more
Canada books stronger August deliveries of most major grains
Wheat, canola up; barley, durum down
MarketsFarm — Deliveries of most major grains in Canada were higher in August than a year ago, according to Statistics Canada. The federal agency issued its monthly deliveries report on Tuesday, showing total deliveries last month came to 5.103 million tonnes, up nearly 15 per cent from the previous August. Wheat deliveries (excluding durum) tallied […] Read more
Canola crush shows solid start in new crop year
Soybeans see lowest August crush ever
MarketsFarm — Statistics Canada on Tuesday reported Canada’s second largest August canola crush on record. The 829,490 tonnes of the oilseed processed last month is only bested by the 830,335 tonnes in August 2020. The July 2023 canola crush set a new all-time record of 961,683 tonnes. Last month’s canola crush was 31 per cent […] Read more
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