Crops
CNS Canada –– Environment Canada says it expects widespread frost across parts of Western Canada next week. Forecasts from the weather agency show freezing marks in most growing regions across Alberta and Saskatchewan from Tuesday to Thursday (Sept. 10-12) with a risk of frost. Temperatures in the Peace River region are expected to drop as […] Read more
Frost expected on western Prairies next week
Tightening canola stocks to put more pressure on 2014-15 crop
CNS Canada — Statistics Canada on Friday morning released its estimates for 2013-14 ending stocks, pegging canola supplies at 2.36 million tonnes, at the low end of expectations. “Canola was on the light side, maybe 300,000 tonnes lower than what most people were expecting, so it’s enough to underpin the market,” said Ken Ball of […] Read more
Dutch potato co-op buys control of Alta. seed firm
Dutch potato breeding co-operative Agrico has stepped up its direct interest in the North American seed potato sector by buying control of one of its major seed dealers. The co-op last week announced it has bought a 21 per cent stake in Parkland Seed Potatoes, raising its ownership to 60 per cent of the Edmonton company. […] Read more
Fund traders adding to canola shorts
CNS Canada — The fund short position in ICE Futures Canada canola continues to grow, but market participants believe it may get larger still before those speculators turn around and book profits. Back in mid-July, the fund short position was already considered large, at over 20,000 contracts. Speculators have steadily added to that position over […] Read more
Doing a better job of turning grass into grain — and saying so
Growing more forage is the right thing to do. Is the beef industry prepared if it happens?
Reading Time: 3 minutes If you’re looking for proof that there is no such thing as bad publicity, beef may be a good example. For years it’s been painted as a public health and environmental villain, and recently there were more reports on how bovine frontal and rearward methane emissions are a major source of climate-altering greenhouse gas. All […] Read more
U.S. grains: Corn, soy fall to four-year lows ahead of record harvests
Chicago | Reuters –– U.S. corn and soybeans futures fell more than one per cent to their lowest levels in four years on Thursday in a technical selloff sparked by the looming harvest of record-large crops. Wheat futures also were mostly lower, with several contracts reaching lifetime lows for a second straight session. The dollar […] Read more
Lentil crop quality a concern
CNS Canada — Top-end Canadian lentils may be hard to find this year, as wet weather and the late harvest are expected to lead to quality downgrades. The lentil harvest in Saskatchewan, where the bulk of Canada’s crop is grown, is only about 23 per cent complete, according to the latest weekly report from Saskatchewan […] Read more
CWB plans new concrete in southern Sask.
The grain company formerly known as the Canadian Wheat Board plans to add to its handle in south-central Saskatchewan with a new concrete-and-steel high-throughput elevator. CWB announced Thursday it will start construction this fall on a 42,000-tonne capacity elevator, plus grain cleaning facilities, on Canadian Pacific Railway (CP) track near Pasqua, Sask., a hamlet about […] Read more
ICE weekly outlook: Canola drifting down with soybeans
CNS Canada — ICE Futures Canada canola contracts held rangebound during the week ended Wednesday, although the bias remains pointed lower in the most active contracts, as a bearish outlook for the U.S. soybean market is expected to overpower any supportive news for canola. “The worldwide market isn’t paying attention to the emerging Canadian production […] Read more
Good weather, looming record harvest weigh on CBOT beans, corn
CNS Canada — Soybean futures on the Chicago Board of Trade fell lower during the week ended Sept. 3, despite some short-covering near the end of August, according to an analyst. The U.S. Department of Agriculture on Tuesday released its weekly crop progress report which pegged 72 per cent of the U.S. bean crop as […] Read more