Chicago | Reuters — Chicago wheat futures hit their daily 70-cent trading limit cap on Monday after India banned exports of the grain, an abrupt policy change that fanned concerns about global supplies strained by Russia’s invasion of Ukraine. The wheat rally sent spillover strength to corn futures, as global buyers, who were banking on […] Read more
U.S. grains: Chicago wheat limit up on India’s export ban
CBOT corn, soybeans also higher
ICE weekly outlook: Conditions a challenge for Prairie canola
MarketsFarm — Wet conditions throughout much of the eastern half of the Canadian Prairies continued to delay spring planting this week. Meanwhile, the western half of the region remained mired in drought and in need of rain to help recently-seeded crops get off to a good start. “Get it in the ground and get some […] Read more
World could see 1.5 C of warming in next five years, WMO reports
London | Reuters — The world faces a 50 per cent chance of warming of 1.5 C above pre-industrial levels, if only briefly, by 2026, the World Meteorological Organization (WMO) said on Monday. That does not mean the world would be crossing the long-term warming threshold of 1.5 C (2.7 F), which scientists have set […] Read more
Drought gone in Manitoba but worsening in Alberta, AAFC reports
MarketsFarm — Record-breaking precipitation in southern Manitoba and eastern Saskatchewan helped improve moisture conditions in the region in April, taking much of the area out of the drought classification, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada (AAFC) for the period ended April 30. Two separate Colorado lows brought significant snow, […] Read more
Alberta seeding ahead of five-year average
MarketsFarm — While spring planting in Alberta is 12.2 per cent complete overall there’s a disparity between the south and the rest of the province. Also, the pace was 2.6 points above the five-year average, but 5.2 behind last year. As of Tuesday, Alberta Agriculture found seeding in the south was at 36.5 per cent […] Read more
Feed weekly outlook: Corn trading higher than barley
Seeding begins in Alberta
MarketsFarm — Imported corn from the U.S. is still the grain of choice for feedlots in southern Alberta, despite the fact feed barley is at a slightly lower price right now. Corn traded on Wednesday at around $480 per tonne ($12.19 per bushel) in Lethbridge, said Jim Beusekom, president of Market Place Commodities in Lethbridge. […] Read more
Seeding already behind in Saskatchewan
MarketsFarm — Saskatchewan Agriculture on Thursday issued its first weekly crop report of 2022, showing only one per cent of all crops in the ground. The report cited cool temperatures and spring snowstorms holding back many farmers getting into their fields. The overall five-year average at this time of year is five per cent complete. […] Read more
ICE weekly outlook: Jittery spring market for canola
MarketsFarm — ICE Futures canola contracts saw a sharp downward correction in early trading days of May, after setting all-time highs in April. While the correction was long overdue, underlying supportive influences remain in place and the market could be due for some sideways trade as participants now wait to get a better handle on […] Read more
Rotational grazing doesn’t make rain, but it helps to keep it, study finds
Five-year, project finds high-intensity grazing boosts water infiltration by up to 30 per cent
Reading Time: 3 minutes Rotational grazing isn’t just good for the soil — it turns out the practice results in a huge bump in soil water infiltration. “What we were finding for water infiltration was that AMP (adaptive multi-paddock) grazing was adding about 30 per cent more water infiltration into the soil,” said Timm Döbert, who was part of […] Read more
Feed weekly outlook: Market stagnant as U.S. corn imports continue
MarketsFarm — Feed grain markets in Western Canada are holding relatively steady for the time being, as end-users are well covered with corn imports from the United States. “It seems like most buyers have managed to cover themselves well into June with corn,” said Susanne Leclerc, owner of Market Master Ltd. in Edmonton, adding that […] Read more
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