Winnipeg | MarketsFarm — The canola market started to retreat this week as unpriced supplies still in the countryside approach non-existent, according to Wayne Palmer, analyst with Exceed Grain in Winnipeg. For the first half of the week of March 15, canola began to lose strength, particularly in old-crop months. That was highlighted at the […] Read more
ICE weekly outlook: Is a bear market next for canola?
U.S. grains: Corn, soy sag on profit-taking after USDA data
Midwest's winter wheat entering key growth phase
Chicago | Reuters — U.S. corn and soybean futures each fell about two per cent on Wednesday, a day after monthly U.S. Department of Agriculture (USDA) forecasts failed to offer fresh bullish news, freeing traders to book profits following recent multi-year highs, analysts said. Wheat futures also declined, following the trend, with beneficial moisture expected […] Read more
Sunflower seed market falls back to Earth
MarketsFarm — Sunflower growers in Canada took off a bumper crop in 2020, almost hitting the 100,000-tonne mark for the first time since 2010. The forecast for this year’s crop isn’t as sunny. Agriculture and Agri-Food Canada’s latest outlook, released earlier this month, predicts the national sunflower seed crop in 2021 at 75,000 tonnes off […] Read more
U.S. grains: CBOT soy, corn rise on weather delays in Brazil
Chicago May wheat settles firm
Chicago | Reuters — U.S. soybean futures surged 1.6 per cent on Tuesday to their highest in more than five weeks on expectations that a slow harvest in Brazil will add further stress to the already tight supply situation in the United States, traders said. Corn futures also were strong, hitting a two-week high as […] Read more
U.S. grains: Soybeans rise as USDA projects tight supplies into 2022
Wheat slumps on profit taking, nearby corn also slips
Chicago | Reuters — U.S. soybean futures firmed on Friday after the U.S. Department of Agriculture (USDA) forecast domestic supplies of the oilseed would remain historically tight into 2022 despite its projection for a record-large harvest this autumn. Corn futures were mixed, with nearby contracts slipping from earlier highs on profit-taking ahead of the weekend, […] Read more
Canada’s canola harvest smallest in five years
Wheat crop a bin-buster, StatsCan report finds
Winnipeg | Reuters — Canadian farmers produced the smallest canola crop in five years, but the largest wheat output since 2013, Statistics Canada said in its final harvest estimate of the year. Canola production looked set to reach 18.7 million tonnes, down 4.5 per cent from last year and below trade expectations. It was a […] Read more
Malt growers have many reasons to raise a glass this year
Quality is good, demand strong so far, and the harvest was night and day from a year ago
Quality is good, demand strong so far, and the harvest was night and day from a year ago
Reading Time: 3 minutes It’s a cliché — but most malt growers really do have a reason to raise a glass and toast what has turned out to be a good year. Last year’s wet harvest made for “a dismal year” but this season has been good for most growers in south and central Alberta, as well as Saskatchewan […] Read more
Savour it: The stars have aligned for crop producers
Demand, prices and shipping are all strong, and that’s not something that happens very often
Reading Time: 3 minutes There’s a huge good news story coming out of 2020 for crop producers. Or rather, three of them — demand is up, prices are good, and shipping is going like gangbusters. “Total volumes are up about 23 per cent year over year,” said Brennan Turner, CEO of online grain-marketing company FarmLead. “We moved about 8.34 […] Read more
U.S. grains: Corn declines on long liquidation
Soybeans lower, wheat rallies
Chicago | Reuters — U.S. corn futures declined on Monday as funds scaled back long positions ahead of the U.S. presidential election, and forecasts called for optimal weather in the Midwest, where farmers are wrapping up the harvest of corn and soybeans, analysts said. Wheat futures turned higher, rallying on bargain-buying after a five-session slide. […] Read more
It was about time — harvest a totally different story this year
Yields and quality were all over the map, but most producers were able to get it done much earlier this year
Reading Time: 3 minutes It wasn’t perfect of course, but the difference between this year’s harvest and last year’s hellish one was stark. As of Oct. 6, about 90.2 per cent of crops in the province were off the field — nearly double the dismal 48.4 per cent figure from the province’s harvest report on Oct. 8, 2019. The […] Read more
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