MarketsFarm — Warmer-than-normal temperatures are expected across all of Canada for the next three months, with average precipitation in most of the agricultural areas of the Prairies. That’s according to the latest long-range seasonal forecast from Environment Canada, released Friday. The government department calls for a 50-70 per cent chance of above-normal temperatures from July […] Read more
Dry, hot Canadian summer expected
Normal precip expected for Ontario, Quebec
Drought expands across Canadian Prairies
Dry conditions push eastward in Manitoba
MarketsFarm — Warm and dry conditions across much of the Prairies in May caused drought conditions to worsen, especially in Alberta, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada. As of May 31, an estimated 79 per cent of the Prairie region was classified as abnormally dry (D0) or in moderate […] Read more
USDA’s June WASDE report brings few notable changes
Canadian wheat harvest expectation unchanged
MarketsFarm — Very few major changes were made in the latest edition of the world agriculture supply and demand estimates (WASDE) published Friday by the U.S. Department of Agriculture. For the 2023-24 crop year, USDA pegged total domestic wheat production at 1.665 billion bushels, slightly higher than the 1.659 billion in the department’s May estimates. […] Read more
Late Indian monsoon to start in next two days
The monsoon is vital to the country's agricultural production
MarketsFarm – The onset of India’s annual southwest monsoon, which is vital to the country’s agricultural production, is expected to hit the southern state of Kerala within the next 48 hours, according to an update from the India Meteorological Department. The persistence of westerly winds over the Arabian Sea, the increased depth of those westerly […] Read more
Repeat of record Australian wheat, canola crops unlikely
ABARES expects 2023-24 crop down on year
MarketsFarm — After growing record-large wheat and canola crops in 2022-23, Australia is expected to see a significant drop in production in 2023-24 as developing El Nino weather patterns will likely cut rainfall through the growing season, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). […] Read more
Pulse weekly outlook: Dryness to cut into Australian production
MarketsFarm — Dry conditions and low soil moisture reserves in key Australian growing regions, along with expectations for developing El Nino weather patterns, are expected to cut into the country’s pulse production in 2023-24, despite steady to higher seeding intentions for several crops, according to the latest crop report from the Australian Bureau of Agricultural […] Read more
April grain deliveries see increases all around
Barley deliveries up sharply
MarketsFarm –– Producer deliveries of major grains last month were up nearly 40 per cent when compared to April 2022, according to Statistics Canada (StatCan). In April 2023 more than 3.44 million tonnes of grain were delivered, versus 2.46 million a year ago. The uptick in deliveries continued to demonstrate the sizeable harvest farmers reaped […] Read more
IGC boosts estimates for global corn, soy production
World wheat output expected down on year
MarketsFarm — The International Grains Council (IGC) on Thursday bumped up its forecast for total global grain production for 2023-24 to a record 2.294 billion tonnes, raising outputs for corn and soybeans but reducing its call for wheat. Compared to the IGC’s April report, it added three million tonnes to its May forecast on overall […] Read more
U.K. to increase rapeseed, product output in 2023-24
Input costs seen down so far this year
MarketsFarm — With the rapeseed crop in the United Kingdom estimated at 66 per cent good to excellent, the U.S. Department of Agriculture attaché in London, forecast production for 2023-24 to be 1.38 million tonnes. That would make for a 1.4 per cent increase over the 2022-23 crop. While the attaché pegged planted and harvest […] Read more
World production seen up with more corn, soybeans
IGC holds wheat production estimate steady
MarketsFarm — As the International Grains Council (IGC) raised its estimate for total world grain production in 2023-24, its forecast on corn and soybeans were increased as well. Meanwhile, production estimates for wheat were held steady. The London-based IGC issued its latest supply and demand report on Thursday. World grain production was bumped up by […] Read more
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