Reuters — British Columbia on Thursday warned residents to prepare for flooding when rains eventually return after a prolonged drought exacerbated by climate change that has raised concerns about long-term damage to ecosystems ranging from glaciers to salmon rivers. The usually rainy western province has experienced weeks of record-breaking warm fall temperatures and minimal precipitation […] Read more
Drought-stricken B.C. bracing for floods when rains return
Pulse weekly outlook: Saskatchewan’s pulse harvest seen as average
MarketsFarm — As the harvest in Saskatchewan wraps up for 2022, pulse specialist Dale Risula said pulse crops were quite good this year — a definite improvement over last year’s drought-stricken production. “Overall for the province we will likely see average production this year, although some areas suffered pretty badly,” Risula said. He said there […] Read more
Manitoba to cut Crown forage lease rates
Previous years' forage conditions a factor, province says
The rents paid by Manitoba producers using Crown lands to produce perennial forages will be cut in half next year and by smaller amounts the following two years. Provincial Ag Minister Derek Johnson on Wednesday announced the forage lease rent on agricultural Crown land will be reduced by 50 per cent in 2023, 33 per […] Read more
U.S. livestock: CME live cattle up on demand, tightening supplies
Hogs up on technical bounce
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday in tandem with higher equities and energy markets as a robust slaughter pace and concerns about reduced cattle supplies in the coming months fueled buying. Packers have accelerated their daily slaughter pace following plant downtime around Monday’s Labour Day holiday and they […] Read more
Ending stocks tumble due to drought: StatCan
Canola stocks are below 'pipeline levels'
MarketsFarm — Severe drought in Western Canada during the summer of 2021 has played a major part in reducing the stocks for Canada’s principal field crops at the end of the 2021-22 marketing year, according to Statistics Canada. Canada’s central data agency released a report Wednesday presenting total ending stocks for the country’s major crops […] Read more
Prairies’ high-pressure ridge should give way by mid-month
Brisk harvest pace expected meanwhile
MarketsFarm — While there’s not one specific cause of the hot September the Canadian Prairies has generally been having so far, Weatherlogics chief scientist Scott Kehler notes one particular shorter-term factor. “There is a fairly strong upper-level ridge of high pressure across the Prairies right now,” he explained, adding it should dissipate by mid-month. The […] Read more
U.S. grains: Corn dips but still posts monthly gain
CBOT soy lower, wheat up
Chicago | Reuters — U.S. corn futures declined for a second session on Wednesday on profit-taking at the end of the month and mounting recession worries, but the market nonetheless gained eight per cent during August due to eroding U.S. and European crop prospects. Soybean futures ended lower after a back-and-forth session. But wheat turned […] Read more
Initial drought list ready for 2022 livestock tax deferrals
Much of Manitoba, southern Alberta designated for 2022
Many of the Prairie livestock producers forced by drought to make “difficult herd management decisions” in the 2022 income tax year are now eligible to defer the taxable income from those decisions. Federal Agriculture Minister Marie-Claude Bibeau on Tuesday released the initial list of designated regions in Alberta, Manitoba and Saskatchewan where livestock tax deferral […] Read more
Pulse weekly outlook: StatCan shows big jump in pea, lentil production
MarketsFarm –– The Canadian pulse harvest appears to be making a comeback after production struggled with a historic drought in Western Canada last year. Statistics Canada (StatCan) released its July satellite image-based principal field crop production estimates on Monday, projecting sharp increases in production for most of Canada’s crops, including pulses. Canada’s dry pea harvest […] Read more
Canadian crop production bounces back, StatCan reports
Wheat at higher end of trade projections
MarketsFarm — After 2021’s historic drought on the Prairies caused crop production to fall to historic lows, the 2022 harvest has mostly bounced back to pre-drought levels, according to Statistics Canada. StatCan on Monday released its July 2022 satellite image-based principal field crop production estimates, which confirmed analysts’ expectations that this year’s crop production would […] Read more
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