Crops
CNS Canada — U.S. wheat futures have moved steadily lower since the beginning of July, and appear poised for more losses as there is little supportive news in the market. “There’s just nothing bullish in the wheat market at the moment,” said Adam Knosalla of Frontier Futures in Minneapolis. He added that “down is the […] Read more
‘Nothing bullish’ in wheat futures
U.S. grains: Soybeans drop on rainy U.S. Midwest outlook
Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Tuesday, pressured by concerns about cooling demand from top importer China and forecasts for rain in the U.S. Midwest at a key point in the crop’s development. Corn firmed as a weekly U.S. Department of Agriculture report showed a slight decline in the […] Read more
In deciding when to desiccate, crop maturity trumps harvest timelines
The Canola Council of Canada’s Spray to Swath calculator shows just how long to wait after spraying a desiccant or other pre-harvest chemical
Reading Time: 2 minutes In desiccation — as in life — success is usually defined by maturity. “Whatever product you’re using, make sure you’re using it when the majority of the plants in the field is physiologically mature,” said Harry Brook, crop specialist with Alberta Agriculture and Forestry. “You get into problems when they’re immature. It doesn’t preserve your […] Read more
Little upside in oats as futures hit five-year lows
CNS Canada –– Oats futures in Chicago are trading at their lowest levels in five years, and cash bids in Western Canada are also doing little to encourage farmer selling. September oats at the Chicago Board of Trade settled Monday at US$2.2325, the lowest close for the front-month contract since June 2010. Cash bids are […] Read more
Short-term barley prices seen likely to downtrend
CNS Canada — Feed barley prices are moving slowly with hand-to-mouth buying as the crop moves into harvest, when already low prices will likely hit a downtrend. However, prices will likely recover into autumn, depending on how farmers choose to act, from where one market analyst sits. “If the farmers aren’t willing to sell at […] Read more
Prairie cash wheat bids mixed
CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were mixed during the week ended Friday, with prices edging lower in the eastern Prairies and moving up in Alberta. Average CWRS prices were down by C$2-$4 per tonne in Saskatchewan and Manitoba, but up by C$4-$9 in Alberta, according to […] Read more
U.S. grains: Midwest’s weather weighs down corn, soybeans
Chicago | Reuters –– U.S. soybean futures were slightly higher on Monday as early support from government data on unplanted acres was largely offset by pressure from a rainy U.S. Midwest forecast that should bolster the crop at a key stage of development. Corn closed weak, anchored by favourable crop weather, while wheat shed more […] Read more
Diesel not expected to follow gasoline’s sudden jump
CNS Canada –– Despite a recent spike of up to 20 cents per litre more for gasoline in some Prairie centres, diesel isn’t expected to follow the same trajectory. “For every three cents that gasoline has gone up, diesel has gone up one,” explained Dan McTeague of GasBuddy.com in Toronto. On average, gas prices jumped […] Read more
Severe ‘food shocks’ seen more likely due to extreme weather
London | Reuters — Extreme weather such as intense storms, droughts and heatwaves will cause more frequent and severe food shortages as the global climate and food supply systems change, British and U.S. experts warned Friday. The pressure on the world’s food supplies is so great, and the increase in extreme weather events so rapid, […] Read more
Cooler temperatures, precipitation in store for Prairies
CNS Canada — Alberta crops could be put at risk during the last week of September due to cooler weather, but for the most part, a U.S. meteorologist expects average to slightly above-average temperatures for the Prairies during harvest. Farmers will need to monitor temperatures during the last 10 days of September, as there will […] Read more