Chicago | Reuters — U.S. soybean futures climbed to an eight-month peak on Wednesday as reduced South American harvest prospects and improving U.S. export demand lifted the market for a seventh straight session. Corn retreated as spread traders sold contracts and bought soybeans and rising ethanol stocks fuelled concerns about a slowdown in output of […] Read more
U.S. grains: Soybeans climb on supply worries
Corn sinks as ethanol stocks swell
Pulse weekly outlook: Early signs point to larger Canadian crops
MarketsFarm — Early signs point to a sizeable increase in Canadian pulse production in 2022-23, but co-operative weather will be needed to meet those expectations. Strong returns over the past year relative to other crops should encourage farmers to seed more peas and lentils in 2022, according to the first outlook for the new crop […] Read more
Oat prices, acres to rise in 2022, analyst says
MarketsFarm — An independent crop market analyst told Saskatchewan oat growers he is bullish for the crop in 2022. Brennan Turner, founder and former CEO of online crop marketing platforms FarmLead and Combyne Ag, delivered a presentation at the Saskatchewan Oat Development Commission’s (SaskOats) annual general meeting in Saskatoon on Wednesday. Turner, a Foam Lake […] Read more
U.S. grains: Wheat futures fall on bigger-than-expected plantings, stocks
Winter wheat plantings exceed analysts' expectations; USDA also cuts corn, soybean crop estimates in South America
Chicago | Reuters — U.S. wheat futures extended losses on Wednesday after the U.S. Department of Agriculture projected that domestic farmers planted more acres than traders anticipated. Larger-than-expected USDA estimates for wheat inventories added pressure on the market, analysts said, after supply concerns drove Chicago Board of Trade futures prices to nine-year highs in November. […] Read more
Pulse weekly outlook: Chickpea prices reverse direction
Markets correcting lower, buyer says
MarketsFarm — The chickpea market in Western Canada is undergoing a correction, according to the manager of a pulse buying and processing company in Saskatchewan. With the exception of Desi chickpeas, all varieties of the pulse have seen prices go down two to five cents per pound over the past month, according to Prairie Ag […] Read more
Highs may be in on flax as attention turns to new crop
MarketsFarm — The highs may be in for flaxseed bids in Western Canada, with end-users covered for the time being as attention turns to the 2022 crop. “(Canadian flax) is expensive relative to other markets,” said analyst Marlene Boersch of Mercantile Consulting, speaking via Zoom in Winnipeg on Tuesday to the annual Crop Production Week […] Read more
U.S. aims to double cover crop planting to address climate change
Farmers in 11 states to be eligible for program
Chicago | Reuters — The United States aims to double the country’s cover crop plantings to 30 million acres by 2030 under a new Department of Agriculture (USDA) conservation program launched on Monday. The agency’s Natural Resources Conservation Service (NRCS) will spend US$38 million to help farmers in 11 states plant crops at a time […] Read more
The province’s ‘historic’ irrigation expansion has got even bigger
Two new districts join in and now nearly a quarter of a million more acres will be irrigated
Reading Time: 2 minutes It was a low-key announcement with some very sizable numbers. A historic expansion of Alberta’s irrigation network is getting bigger — another 30,000 acres are being added at a cost of $118 million. The expansion was announced earlier this month by Premier Jason Kenney without the fanfare of the original announcement a year ago, which […] Read more
Rains make sunny days for sunflower crops
MarketsFarm — Despite drought conditions throughout southern Manitoba decimating crops during the summer, late rain showers in some areas are improving harvests of one crop in particular. Precipitation in August helped improve the sunflower seed harvest in areas of Manitoba, with the province reporting on Oct. 13 average yields of more than 2,000 lbs. per […] Read more
More acres seen needed worldwide to meet mounting crops demand
U.S. acres may have already hit ceiling: AgResource chief
Geneva | Reuters — Farmers need more space to grow crops to meet mounting demand for food and renewable fuel at a time of slowing growth in yields, consultancy AgResource said on Tuesday. A renewable fuel push under U.S. President Joe Biden’s climate agenda is set to trigger a boom in soyoil use, reinforcing a […] Read more
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