Chicago | Reuters — Chicago wheat spiked on Friday, supported by a drastic cut to U.S. production estimates by the Agriculture Department, and Russia’s annexation of parts of Ukraine followed by increased U.S. sanctions. Corn climbed on smaller-than-expected U.S. stockpiles, while soybeans sank after USDA noted increased stores of the oilseed. The most-active wheat contract […] Read more
U.S. grains: Wheat soars on new data, Russia’s annexation move
Corn climbs on smaller stocks; soybeans dip after bigger-than-expected stocks
Saskatchewan harvest advances under varied rainfall
Harvest ahead of five-year average
MarketsFarm — Saskatchewan’s harvest progressed during the week of Sept. 20-26 despite variable weather conditions across the province, according to Saskatchewan’s weekly crop report released on Sept. 29. As of Sept. 26, 81 per cent of the province’s harvest was complete, up eight percentage points from the previous week and six points ahead of the […] Read more
Pulse weekly outlook: Canada’s pea, lentil exports to rise while prices fall
MarketsFarm — Canadian pea and lentil exports should see considerable increases during the 2022-23 marketing year after drought cut into available supplies in 2021-22, according to the latest supply/demand production from Agriculture and Agri-Food Canada (AAFC). However, total movement may still come in well below five-year averages. Canadian pea exports are forecast at 2.7 million […] Read more
Cleanup work begins for Eastern Canada after Fiona
Five provinces assessing damage from 'unprecedented' storm
Port aux Basques | Reuters — It will take several months for Canada to restore critical infrastructure after the powerful storm Fiona left an “unprecedented” trail of destruction, officials said on Sunday, as crews fanned out in five provinces to restore power and clean up fallen trees and debris. One 73-year-old woman died during the […] Read more
Feed weekly outlook: Good grain yields seen in Saskatchewan, Manitoba
MarketsFarm — Despite delays in the ongoing barley and wheat harvests across the eastern Prairies, early indications have suggested healthy amounts of grain production. “Eastern Saskatchewan and Manitoba still have a bit of harvest to go, but generally the yields are good,” Glen Loyns, general manager of JGL Commodities at Moose Jaw, Sask., said. “Quality […] Read more
Pulse weekly outlook: Manitoba peas, dry beans showing good results
Early harvests show some 'exceptional' bean yields
MarketsFarm — Harvests of Manitoba’s two major pulse crops are already seeing high yields, according to Manitoba Pulse and Soybean Growers (MPSG) executive director Daryl Domitruk. Despite a wide range of results across the province, Domitruk added that dry field pea yields were respectable in many places and excellent in others, marking a successful harvest […] Read more
StatCan’s canola call in line with expectations
Agency also boosts wheat projection
MarketsFarm — While Statistics Canada (StatCan) cut its projection for canola production in 2022-23 by 400,000 tonnes, FarmLink Marketing Solutions senior analyst Neil Townsend said the number could go lower. StatCan on Wednesday issued its latest production estimates and lowered its call on canola from the 19.5 million tonnes forecast in its Aug. 29 report […] Read more
U.S. grains: Corn, soybean futures dip on profit-taking
Chicago wheat firms
Chicago | Reuters — Chicago Board of Trade corn and soybean futures eased on Tuesday but remained near their nearly three-month highs as the government’s reduced forecasts for this year’s harvests continued to underpin prices, traders said. Wheat futures were firm, supported by uncertainty over Black Sea supplies following Russian criticism of a diplomatic deal […] Read more
CBOT weekly outlook: More acres, smaller yields anticipated in U.S.
MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), due out Monday, Allendale Inc. president Steve Georgy said corn and soybean acres are likely to increase, while yields are to decrease. Georgy projected USDA will up its call on U.S. planted corn acres by 200,000 to 400,000, […] Read more
Pulse weekly outlook: Australia’s winter pulse production mixed
MarketsFarm — Australia’s 2022 winter pulse crop will see its ups and downs, according to a quarterly crop report released Tuesday by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). Chickpeas saw the largest projected production decline, dropping 41.5 per cent from the 2021-22 marketing year to 621,000 tonnes this year, Australia’s […] Read more
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