Crops
MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, in choppy activity as traders wait to get a clearer picture on the size of this year’s crop. “Overall, canola is relatively cheap,” said Ken Ball of PI Financial in Winnipeg. He pointed to wide crush margins — over $200 per […] Read more
ICE weekly outlook: Canola prices ‘cheap’ but rangebound
Trade also watching U.S. soy complex
CBOT weekly outlook: Few changes expected in coming U.S. reports
Trade's expectations already factored into prices
MarketsFarm — Soybeans may see significant changes in new-crop carryout numbers when the U.S. Department of Agriculture (USDA) releases several key reports Friday, but corn and wheat estimates will likely stay put for the most part, according to one analyst. USDA releases both its crop production report and its monthly world agricultural supply/demand estimates (WASDE) […] Read more
U.S. grains: Soy futures rise, wheat drops
Traders adjust positions ahead of USDA report due Friday
Chicago | Reuters — Chicago Board of Trade soybean futures rose on Wednesday on improving U.S. export demand and as the market recovered from a one-month low reached in the previous session, analysts said. Corn and wheat futures declined. Exporters sold 251,000 metric tonnes of U.S. soy to China, the largest buyer of the oilseed, […] Read more
Pulse weekly outlook: Average yields expected for Manitoba crops
Beans, soy may still benefit if rain comes
MarketsFarm — Pulse crops in Manitoba fared well against the elements which included sporadic rainfall and normal to below-normal temperatures for much of the past month. Provincial pulse specialist Dennis Lange in Altona said field peas should begin harvesting operations next week. “As far as pea acres go, we’re looking at about 145,000 acres. That’s […] Read more
U.S. grains: Corn, soybean futures firm
Chicago wheat weak on demand view
Chicago | Reuters — U.S. soybean and corn futures edged higher on Tuesday, recovering from early weakness as investors covered short positions ahead of a key U.S. government crop outlook on Friday, traders said. Wheat futures dipped, with concerns about weak demand for U.S. supplies weighing on the market after Egypt booked another deal for […] Read more
U.S. grains: wheat firms on Russian port attack, India import prospects
Attack near grain hub heightens war risks to Black Sea trade
Chicago | Reuters – Chicago wheat climbed on Friday after a Ukrainian drone attack near a Russian Black Sea export hub, rekindling global supply fears while India raised demand expectations as it considers scrapping wheat tariffs. Soybeans climbed on stronger crude and vegetable oil markets, also on alert following the Black Sea disruptions. Corn followed […] Read more
U.S. grains: Soybeans gain on export optimism; wheat, corn slip
Chicago | Reuters – Chicago soybean futures climbed on Thursday, energized by fresh export sales, although forecasts for cooler, rainy weather capped gains. Wheat fell to a three-week low, as the market assessed global supply prospects marked by large Russian exports and war-curtailed shipments from Ukraine. Corn also touched a three-week low, pressured by crop-friendly […] Read more
Saskatchewan Crop Report: Dryness continues as harvest begins
Since April 1, the entirety of the province received 200 mm or less of rain
MarketsFarm – With the exception of a handful of areas, most of Saskatchewan remained dry for the week ended July 31 as harvest operations began in the province’s southwest and west-central regions. Areas north of Prince Albert and northwest of Kindersley, as well as inside and around Hudson Bay each saw more than 30 millimetres […] Read more
Creating a canola-based plastic alternative
New research turns canola protein into strong, flexible films meant for food packaging
Reading Time: 4 minutes Glacier FarmMedia – Canola growers may one day be able to add food packaging to their list of markets. New research at the University of Manitoba draws on canola meal protein as a feedstock for biodegradable food product packaging. “I think it’s a more sustainable solution to the challenges created by all the petroleum-based plastic […] Read more
Feed weekly outlook: Influx of cheaper U.S. corn pushing down prices
Weaker Chicago corn prices led to a 50-cent/bu. drop in Alberta feed barley, wheat
MarketsFarm – Feed grain prices took a tumble this week in Alberta, said Susanne Leclerc of Market Master Ltd. in Edmonton. “It’s kind of shocking. I know we had some harvest start in the southern part [of the province]. It seems to have really affected prices. Of course, corn got cheap with the futures dropping […] Read more