Crops
MarketsFarm – While the western parts of Manitoba are seeing healthy crops, the eastern and Interlake regions aren’t so fortunate, according to Manitoba Agriculture and Resource Development. Crop ratings for both the southwest and northwest regions range from 50 to 75 per cent good to excellent, according to the province’s weekly crop report released on […] Read more
Crop quality greater in western Manitoba
Southern, eastern North Dakota spring wheat yields hurt by drought
Mandan, N.D. | Reuters – Spring wheat yields in southern and east central North Dakota are well below average as a severe drought slashed production potential in the country’s top producing state, scouts on an annual crop tour said on Tuesday. Crop scouts calculated an average spring wheat yield at 29.5 bushels per acre (bpa) […] Read more
Pulse weekly outlook: Healthy demand for heat-stricken Manitoba pulses
MarketsFarm – If Manitoba’s pea harvest is any indication, the province’s pulse crops will be largely deteriorated by the hot and dry weather affecting all of Western Canada, according to Manitoba Pulse & Soybean Growers executive director Daryl Domitruk. “It has affected (pulses) like it has affected most of the other crops, in that severe […] Read more
U.S. grains: Soybeans rise for second day after U.S. crop conditions report
New York | Reuters – Chicago soybean rose for a second consecutive session on Tuesday, after a weekly U.S. government report showed crop conditions deteriorated unexpectedly last week. Corn and wheat both fell as traders took profits at midday after prices rose in the session. “It’s a trading range without much conviction,” said Brian Hoops, […] Read more
U.S. grains: Soybeans, corn prices rise after days of losses
New York | Reuters – Chicago soybeans and corn rose on Monday after traders fretted that both markets were oversold, while continued dryness in the northern Plains helped boost futures further. Wheat prices, however, fell. Hot, dry weather in the U.S. Midwest has raised concerns about the outlook for crops for both corn and soybeans. […] Read more
Hemp industry looking forward despite hurdles
Industry 'on the edge of turning'
MarketsFarm — The number of hemp acres grown in Canada, of which more than 80 per cent are on the Prairies, have ebbed and flowed over the past few years. In 2018, 41,200 acres were planted, according to Statistics Canada, but the total more than doubled the next year to 91,100. In 2020, that number […] Read more
U.S. grains: Corn, soybeans lower on the week
Traders look at long-term weather; wheat flat
Chicago | Reuters — Chicago corn and soybean futures slipped on Friday, pressured by extended forecasts calling for cooler weather into August, though hot, dry weather in the coming week across the U.S. Midwest underpinned prices. Wheat ended lower as concerns over unfavorable weather in key exporting countries countered pressure from corn and soybeans. The […] Read more
Durum markets reckon with weather
'There was no wiggle room for a crop problem'
MarketsFarm — The higher temperatures soared and the longer between rains in Western Canada, the lower the yield projections for most crops — and drought-tolerant durum wheat is no exception. With bids already elevated due to a downturn in potential new-crop supply, the price of durum could rise even higher. “There’s not a lot of […] Read more
Feed weekly outlook: Bids rising in Saskatchewan
MarketsFarm — Feed grain prices in Western Canada are continuing their ongoing rise as heat and dryness cover the region. “For feed wheat (on Tuesday), I finally got a bid of $10 per bushel, which is really an amazing bid,” said Dale McManus, broker for Johnston Grains at Welwyn, Sask. The high-delivered bid for feed […] Read more
Manitoba triggers hay disaster benefit
Per-tonne rate lifted to cover feed, transport costs
Manitoba’s crop insurance agency is set to lift the per-tonne rate paid out on insured forage crops to help cover livestock producers’ bills to buy and truck in replacement feed. Manitoba Agricultural Services Corp. (MASC) on Thursday announced a 2021 hay disaster benefit to provide another $44 per tonne, for every tonne below coverage, to […] Read more