MarketsFarm — ICE Futures canola contracts climbed to their strongest levels in two years during the week ended Wednesday, but could be nearing their highs for the time being as harvest pressure should start weighing on values. “We’re running into the top end on the monthly and weekly charts,” said Jamie Wilton, senior commodity futures […] Read more
ICE weekly outlook: Canola futures at two-year highs
StatsCan adjusts expected corn, soy harvests upward
Satellite models predict higher yields on fewer acres
Statistics Canada’s latest batch of satellite-modelled crop data includes slightly raised expectations for Canadian corn and soybean harvests this fall. StatsCan on Monday released model-based principal field crop estimates for the period ending Aug. 31, suggesting higher soy and corn numbers than seen in its Production of principal field crops report released Aug. 31, which […] Read more
Pulse weekly outlook: Fababeans staying on field
MarketsFarm — As other crops make their way into the bin, fababeans across the Prairies are lagging behind. “They’re further behind this year because they were later going in,” said Dale McManus, a broker with Johnston Grains at Welwyn, Sask. Saskatchewan grows over half of Canada’s fababeans, and most are grown around the Yorkton area, […] Read more
Feed weekly outlook: Barley finds support in lull between old, new crops
MarketsFarm — Feed barley bids in Western Canada are seeing some modest strength in early September, as old-crop supplies run out and the new crop is not yet available. “Prices have definitely gone up this past week,” said Mike Fleischhauer of Eagle Commodities at Lethbridge. Expectations for a good 2020 crop had farmers making space […] Read more
ICE weekly outlook: Canola shows volatility after long weekend
MarketsFarm — Although there remains a lot of canola to be combined, one trader believes most harvest pressure on the market has already passed. “The farmers who wanted to sell off of the combine or shortly after, probably have done so already,” said Jerry Klassen, an independent Winnipeg commodities trader. There will still be some […] Read more
Grain traffic at Thunder Bay up 27 per cent on year
MarketsFarm — Grain movement through the Port of Thunder Bay is reported to be up 27 per cent compared to the previous year halfway through the 2020 shipping season. A total of 5.05 million tonnes of grain were shipped through Thunder Bay as of Aug. 31, port officials said in a release. That compares with […] Read more
COVID-19 means harvest will be ‘especially challenging’
You need all hands on deck, but what if someone shows symptoms of a cold or flu?
Reading Time: 4 minutes This year’s harvest is not going to be a normal one — and farmers and their families need to make adjustments accordingly, says the executive director of AgSafe Alberta. “It’s a significant challenge on farms because we’re looking at a cropping season that could last from now until November, so we have to manage people […] Read more
Feed weekly outlook: Prices gain strength
MarketsFarm — Harvest activity in the western Canadian Prairies had depressed feed grain prices at the end of August, but prices have recovered slightly. “There’s been a bit of a break in harvest activity,” Allen Pirness of Market Place Commodities in Lethbridge said. Producers in southern Alberta had been harvesting barley at the end of […] Read more
CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn
MarketsFarm — Market activity on the Chicago Board of Trade has been characteristic for September, with harvest activity keeping pressure on values. “The trend for September turns to the downside as harvest starts to pick up,” said Steve Georgy of Barrington Commodities at Barrington, Ill. However, next week’s world agriculture supply and demand estimates (WASDE) […] Read more
ICE weekly outlook: Rising canola market watches harvest
MarketsFarm — ICE Futures canola contracts remained pointed higher during the week ended Wednesday, hitting some of their best levels in two years. However, its upside may be limited as harvest picks up over the next month. “Canola could go a little higher, but we’re probably pushing upper ranges for now until we have more […] Read more
Cyber-Savvy Farmer
