MarketsFarm — Canada’s pea crop is almost totally off the fields, but quality remains a question. “Farmers are wrapped up with harvesting right now, so we haven’t received many samples,” said Marcos Mosnaim of Globeways Inc. in Missisauga. The few samples the company has seen have shown good conditions, but it’s not a large enough […] Read more
Pulse weekly outlook: Pea harvest nearly complete
Ample world malt barley supply to limit export prices
MarketsFarm — Canadian malt barley growers may be dealing with adverse harvest conditions that could lead to quality downgrades in some areas — while world supplies of the key beer ingredient remain more than sufficient to meet global demand. “There’s no real indication at this time that we’ll see a significant up move (in price),” […] Read more
ICE weekly outlook: Canola breaks out of week-long funk
MarketsFarm — It’s unclear yet what effect Thursday’s satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. “There are a lot […] Read more
Frost strikes in numerous spots in Manitoba
MarketsFarm — Numerous areas throughout the growing areas of Manitoba experienced frost, according to the province’s crop report for the week ended Monday. The coldest locations were Sprague in the eastern region, Narcisse in the Interlake and Lake Audy in the southwest, which experienced temperatures of -2 C on Sept. 8. Many other areas saw […] Read more
Pulse weekly outlook: Wrinkles, loss of colour problems for lentils
MarketsFarm — As Canada’s lentil harvest comes along slowly, issues with wrinkles and the loss of colour have arisen, according to Markus Mosnaim of Globeway Canada in Mississauga. Loss of colour in green lentils translates to a downgrade, he said. “It can drop to No. 2, depending on how much colour is lost.” Wrinkles, meanwhile, […] Read more
Know your grain quality going into the bin
Reading Time: < 1 minute A provincial crop specialist is reminding producers to take a sample of each load going into the bin to get a representative overall sample. “The goal is to have a sample that has the same characteristics as the large volume of product that it represents,” said Neil Blue. Farmers should also consider using the Canadian […] Read more
Prairie wheat bids edge lower
MarketsFarm — Wheat bids in Western Canada edged lower during the week ended Thursday, as seasonal harvest pressure and strength in the Canadian dollar weighed on values. The Canadian dollar was up by roughly a third of a cent relative to its U.S. counterpart on the week. Minneapolis spring wheat futures held steady, but Kansas […] Read more
U.S. grains: Soybeans sag on demand worries
Chicago | Reuters — U.S. soybean futures fell more than one per cent on Thursday on concerns about burdensome supplies and weak export demand as the U.S. trade war with China continues, analysts said. Wheat futures rose on short-covering and worries about drought in Australia, and corn edged higher, despite bearish weekly U.S. ethanol statistics. […] Read more
ICE weekly outlook: Count on canola remaining rangebound
MarketsFarm — Despite three reports to be released between now and Thursday next week, canola is very likely to remain rangebound along with other oilseeds, said David Derwin of PI Financial in Winnipeg. Statistics Canada on Friday will release its report for grain stocks as of July 31; then the federal agency issues its satellite-survey […] Read more
Schoepp: Seize, prepare for and appreciate the day
Reading Time: 3 minutes There is nothing quite like a harvest moon. It is made especially memorable when watched rising while having a tailgate supper, or when moving into the next pass without interruption of light or landscape. It is these moments we treasure at harvest time. Everyone on the team should have a moment to stop and enjoy […] Read more
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