MarketsFarm — Hot and humid conditions saw crops in Saskatchewan advance quickly during the week ended Monday, according to the latest provincial crop report — although the humidity has slowed haying. When humidity is high, cutting hay becomes more challenging and hay that is cut does not dry down as quickly, which can result in […] Read more
Saskatchewan crops advancing quickly
Good ratings seen for Manitoba’s spring wheat, canola
MarketsFarm — Crops in Manitoba remain in good shape, according to the latest weekly report from the province’s agriculture ministry. In particular, Manitoba Agriculture and Resource Development (MARD) found spring wheat across the province rated 85 per cent good to excellent — but with crops not doing as well in the province’s Interlake region. While […] Read more
U.S. grains: Corn, soybeans end lower on crop prospects
Wheat down on cancelled export tender
Chicago | Reuters — U.S. corn futures fell more than two per cent on Tuesday and soybeans also declined on optimism for sizable U.S. crops and some forecasts for rain next week, despite pockets of stress from hot and dry conditions, traders said. Wheat futures finished lower after a choppy session, declining after Egypt’s state […] Read more
Pulse weekly outlook: Manitoba’s crops in ‘better situation’ than last year
Lost acreage still a question mark
MarketsFarm — Despite varied amounts of rainfall across the southern half of Manitoba over the past few weeks, pulses are faring quite well according to the province’s pulse specialist. Dennis Lange, who’s based at Altona, said while peas in fields with excessive moisture are struggling, those grown in adequate moisture and lighter soils are in […] Read more
ICE weekly outlook: Don’t bank on canola prices jumping higher
MarketsFarm — As canola remained steadfast in its following of Chicago soyoil, analyst Wayne Palmer of Exceed Grain stressed that the days of higher prices have very likely passed. “Farmers are tremendously undersold. This latest sell off took them totally by surprise,” he said. After August soyoil made some gains over the last week, it […] Read more
U.S. grains: Futures plunge after USDA raises supply outlook, trims some demand
Larger corn, soybean supplies in forecast
Chicago | Reuters — U.S. grain and soybean futures fell sharply on Tuesday after the U.S. Department of Agriculture (USDA) boosted key crop supply forecasts and scaled back some demand expectations in a monthly report. Benchmark corn, soy and wheat futures all retreated back to pre-Ukraine war levels as soaring costs since Russia’s invasion and […] Read more
Rains bring much-needed moisture to Alberta’s south
MarketsFarm — Rains across southern and central regions of Alberta were both much-needed and well-received during the week ended Tuesday. Both regions received 20 to 50 millimetres of precipitation, according to the province’s weekly crop report released Friday. The amount of rain that fell onto the south region was equivalent to the amount of precipitation […] Read more
Planting in Saskatchewan nearing its end
MarketsFarm — Spring planting across Saskatchewan reached 91 per cent complete as of Monday, according to the province’s latest crop report. That was an increase of 15 points over the week and the pace was only six behind the five-year average. However, Saskatchewan Agriculture stressed there are many acres in the eastern half of the […] Read more
Rain helps Ontario crops as last of seeding presses on
MarketsFarm — Rains were timely in helping with crop establishment, according to the latest report from the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA). As some spring planting remained to be completed, amounts of precipitation ranged from 12 to 55 millimetres. While herbicide applications on cereals continued in southern Ontario, planting in the […] Read more
StatCan releases satellite crop vegetation data
MarketsFarm — Statistics Canada’s crop condition assessment program (CCAP) on Thursday released its weekly normalized difference vegetation index (NDVI) values from April 11 to May 29 — telling the tale of weather extremes in the Prairie provinces. As of the fourth week of May, seeding was 95 per cent complete in Alberta, compared to the […] Read more
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