MarketsFarm — Corn has become the primary feed grain in Alberta feedlots due to its lower price compared to barley and wheat. However, rising corn prices in the U.S. and transportation issues are causing some buyers to give pause. “Basic levels are a little bit stronger. (Add in) the exchange rate, there are a little […] Read more
Feed weekly outlook: Corn seeing higher prices, transportation delays
Farm receipts higher despite drought
Reading Time: < 1 minute Farm Credit Canada (FCC) is predicting farm cash receipts will rise in Alberta this year — but not by much. FCC said that 2021 was “a good year” for Canadian farmers and it estimates the final tally for farm cash receipts will be up by 10 per cent (to $79.2 billion). In Alberta, they will […] Read more
StatsCan confirms tight grain and oilseed stocks
Canadian corn stocks up on year
MarketsFarm — Canada’s tight supplies of canola, wheat and other crops following the 2021 Prairie drought received more confirmation from Statistics Canada with the release of updated stocks data on Tuesday. Canola stocks, as of Dec. 31, 2021, of 7.6 million tonnes were down 43 per cent from the previous year and the tightest since […] Read more
Drought conditions ease slightly across Prairies
MarketsFarm — Mixed precipitation throughout January helped drought conditions improve across much of the Canadian Prairies during the month, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada (AAFC), released Tuesday. Conditions have deteriorated in some areas, however, and the majority of Western Canada was still in some kind of drought state. […] Read more
Pulse weekly outlook: Pulse stocks drop due to drought
MarketsFarm — Statistics Canada’s latest report on stocks of principal field crops clearly demonstrated how much of an effect last summer’s historic drought in Western Canada had on pulse crops. According to the report released Tuesday, last December’s total domestic stocks for dry peas, chickpeas, lentils and soybeans all declined from the year earlier. Those […] Read more
U.S. grains: South American dryness lifts soybeans, corn
Wheat also up
Chicago | Reuters — Chicago soybean futures on Monday rose to eight-month highs, underpinned by concerns over possible reduced supplies from weather-damaged South American harvests. Corn also climbed on South American dryness, while wheat followed higher. Markets are also positioning ahead of world grain and oilseed supply and demand forecasts from the U.S. Department of […] Read more
Year-end profits up for CN, CP despite lower grain handles
Railways' ledgers weather drought, B.C. disasters
Both of Canada’s big two railways were able to improve their overall gross and net in 2021 over 2020 despite a yield-robbing drought and disastrous track and bridge washouts in southern British Columbia. Canadian National Railway (CN) on Tuesday reported 2021 net income of $4.892 billion on $14.477 billion in gross revenue, up from $3.784 […] Read more
Transport strains pile on drought-induced feed shortages
Importing U.S. corn not cheap
Winnipeg | Reuters — Canadian farmers say they are just days away from running out of feed for cattle, due to severe drought last summer damaging crops needed to fatten them over winter and transportation bottlenecks. The drought devastated Prairie pastures and has now forced feedlots in Alberta, the main cattle-producing province, to buy more […] Read more
When it’s this pricey, handle fertilizer with care
Do a soil test, and realize what has happened to your nutrients after the drought, says expert
Reading Time: 3 minutes Between drought and the soaring price of fertilizer, you might want to manage your grain farm a little differently this year. “In a dry year, there will be reduced crop growth and reduced nutrient uptake,” soil scientist Rigas Karamanos said at Agronomy Update earlier this month. “We had plenty of heat, but not moisture. Consequently, […] Read more
Premium discount for crop insurance being axed following record payout
After paying out $1.5 billion for crop losses last year, insurer says 20 per cent reduction won’t continue
Reading Time: 4 minutes Alberta’s crop insurer will pay out a record amount in claims — and that means the 20 per cent premium discount is being scrapped. Eleven months ago, Agriculture Financial Services Corporation announced it was not only cutting premiums by one-fifth, but would keep the discount for five years barring a “significant wreck.” But that’s exactly […] Read more