Reading Time: 2 minutes Worries about China’s ban and other market woes have taken a back seat to weather issues for the province’s canola growers. The biggest challenge for many is getting the crop off before snow permanently covers their fields, said Alberta Canola general manager Ward Toma. “They can handle snow coming and going, but snow setting in […] Read more
Demand is good for canola — if you can get it off the field
China still isn’t buying but crushers are, and there are seed export opportunities, too
Manitoba’s sunflower crop under threat from weather
MarketsFarm — Manitoba’s sunflower crop has been compromised by the snow that fell over Thanksgiving weekend, but it’s not yet clear what percentage of the crop will be impacted. Before the snow fell, windy and rainy weather took a toll on the sunflower crop. The soil was oversaturated to the point that sunflower roots couldn’t […] Read more
Pulse weekly outlook: Early snow hurts edible bean prospects
MarketsFarm — An early snow storm hit key edible bean growing regions of Manitoba and the northern U.S. hard, with a large portion of the crop in the region now facing an uncertain future. “It is unprecedented what’s happened at this point,” said Tim Courneya, executive vice-president of the Northarvest Bean Growers Association, which represents […] Read more
ICE weekly outlook: Canola values stay rangebound
MarketsFarm — One canola trader wouldn’t go so far as to calling the canola market lifeless, but it has remained rangebound for most of the week. That’s mainly due to pressure from harvest activity, which has carried on at an impressive pace on the Canadian Prairies despite being mired with difficult weather conditions. “I’ve talked […] Read more
CBOT weekly outlook: Corn, soy prices to continue climbing
MarketsFarm — Prices on the Chicago Board of Trade will probably continue to climb, especially for corn and soybeans, according to Scott Capinegro of Barrington Commodities. “The basis remains strong and when the basis is strong, as far as I am concerned, that means the futures should be strong,” he said. Although CBOT bids have […] Read more
Wet, cold weather dampens harvest progress
Alberta Crop Report: Conditions as of October 8
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
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
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