Reading Time: 6 minutes Most parts of the province experienced wet weather conditions in September and the month ended with a significant amount of snowfall in the south. In addition to wet conditions, average daily temperatures were below seasonal norms in most areas across the province over the past two weeks. Many places in Central and Southern Regions recorded […] Read more
Wet, cold weather dampens harvest progress
Alberta Crop Report: Conditions as of October 8
U.S. diesel prices hit three-year low as harvest delays feared
New York | Reuters — Diesel prices in the U.S. Midwest have sunk to a three-year seasonal low as farmers in the region face adverse weather conditions, further complicating an already delayed harvest season, traders and farmers said. Diesel demand typically rises during harvest season because farming equipment and trucks transporting product use the fuel. […] Read more
Feed weekly outlook: Prairie grain market finding a bottom
MarketsFarm — The western Canadian feed grain market is showing signs of finding a bottom, as buyers wait to get a better handle on the quality of grain still unharvested across the Prairies. Feed barley is currently trading at around $200 per tonne in southern Alberta, while feed wheat bids are around $210, according to […] Read more
ICE weekly outlook: More than weather behind canola uptrend
MarketsFarm — Canola’s sharp rise over the last week can be attributed not only to poor weather on the Prairies, but to other factors as well, according to MarketsFarm Pro analyst Mike Jubinville. For seven straight trading sessions, canola bids have climbed, from $445.60 per tonne at the close of trading on Sept. 27 to […] Read more
Snow, cold grind Alberta harvest to virtual standstill
MarketsFarm — Last weekend’s dump of snow coupled with cold temperatures brought the Alberta harvest to a complete halt, according to the province’s latest crop report. For the week ended Oct. 1, the province-wide harvest managed to improve to 33.7 per cent from 28.1 per cent the previous week. This year’s pace was slightly above […] Read more
Weather conditions put the chill on harvest progress
Alberta Crop Report: Conditions as of October 1
Reading Time: 5 minutes Harvest progress for major crops is 20 points behind the provincial 5-year average, but on par with progress for this reporting period last year. As compared to last week, 5 per cent more crop is in the bin. The Peace region is 34 points behind its 5-year average, followed by the North East at 25 […] Read more
U.S. grains: Soybean futures slip on technical sales
Chicago | Reuters — U.S. soybean futures weakened on Thursday, retreating from early gains on technical selling after failing to take out the 10-week high hit on Tuesday, traders said. Wheat futures ended little changed, supported by a surprise export deal with China. But traders said more bullish inputs were needed to push prices back […] Read more
Feed weekly outlook: Snowfall boosts spot barley bids
MarketsFarm — Spot barley prices have received support from last weekend’s snows in southern Alberta, but the major barley-growing regions were mostly spared. While the cold and wet weather has delayed harvest activity, a promising forecast should allow for harvest to resume in the Red Deer area, where most of the barley crop is located. […] Read more
ICE weekly outlook: Upside limited for canola’s snow boost
MarketsFarm — An unwelcomed early winter storm sent ICE Futures canola contracts higher during the week ended Wednesday, but it will take outside support to sustain a rally, according to industry participants. Snow in Alberta and Saskatchewan and cool and wet conditions in Manitoba slowed harvest operations during the week, with about 60 per cent […] Read more
CBOT weekly outlook: Corn, soybeans retreat off highs
MarketsFarm — Soybean and corn prices on the Chicago Board of Trade have backed off of highs hit earlier in the week. That’s due mainly to harvest activity putting pressure on prices, according to Steve Georgy, president of Allendale Inc. at McHenry, Illinois. Corn crops across the U.S. are currently only 11 per cent harvested, […] Read more
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