MarketsFarm — More than 10,000 claims for hail damage have been filed by Prairie farmers so far in 2019 with insurance companies belonging to the Canadian Crop Hail Association. Between July 27 and Aug. 6, hail on the Prairies saw farmers add 900 claims alone, according to a CCHA press release Friday. To date overall, […] Read more
Prairie hail claims pass 10,000 for year
Alberta’s Peace Region gets a touch of frost, crop conditions see slight decline overall
Alberta Crop Report: Conditions as of August 13
Reading Time: 6 minutes Frequent rain since July accompanied with cool temperature increased excessive soil moisture particularly in the North East and North West Regions. Hailstorms damaged some mature crops in southern parts of the province and destroyed some field crops in other areas. Additionally, a light frost occurred in the western to central parts of the Peace Region, […] Read more
Winter wheat harvest varies by province
MarketsFarm — Depending where a farmer is located, Canada’s winter wheat crop has varied this year. Ontario has long been the country’s powerhouse for winter wheat. Statistics Canada projected the province’s farmers to seed just over one million acres this year, nearly 75 per cent of Canada’s total winter wheat acres. However, Marty Vermey, senior […] Read more
Feed weekly outlook: No long-term shortage expected
MarketsFarm — Waiting for the 2019 harvest to roll in is the only factor that could create a feed shortage, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “As far as things look today, I don’t see a reason to be concerned about a feed shortage. If anything we could have a feed […] Read more
ICE weekly outlook: Canola watching pre-harvest weather
MarketsFarm — ICE canola futures held rangebound during the week ended Wednesday, with uncertainty over new-crop production likely to keep some caution in the market over the next few weeks. “Canola is very attractively priced right now,” said Ken Ball of PI Financial in Winnipeg, noting crush margins have improved significantly in recent weeks to […] Read more
Pulse weekly outlook: Alberta markets optimistic despite weather
MarketsFarm — Varied weather across Alberta has made for an unpredictable pulse harvest. “We’ve seen everything from drought-like conditions in the south, to an overabundance of water in the central region, and to some degree in the north as well,” said Leanne Fischbuch, executive director of Alberta Pulse. Despite less-than-favourable weather conditions, pulse producers are […] Read more
Pulse weekly outlook: Manitoba crops facing dry conditions
MarketsFarm — Varying dry conditions are set to take a toll on Manitoba’s pulse crops this year. Some crops have stunted due to dry conditions throughout the year, said Serena Klippenstein, production specialist with Manitoba Pulse and Soybean Growers. Overall, crop conditions are still dependent on the soil type and where they are in the […] Read more
Feed weekly outlook: Varying yields make for average crop
MarketsFarm — Feed grain crop yields are expected to be about average across the Prairies as harvest has kicked off. “It appears we’ll have somewhat of an average crop, with a bunch of high-yield areas and a bunch of low yield areas averaged together,” said Jim Beusekom, president of Market Place Commodities in Lethbridge. New-crop […] Read more
U.S. grains: Futures inch up after choppy trading day
Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as traders assessed U.S. Midwest rain forecasts after a recent dry spell, and awaited an expected revision in U.S. planting estimates following spring rains. Wheat recovered from Tuesday’s technical-driven losses, despite healthy Northern Hemisphere harvests and a steady dollar keeping a lid on […] Read more
ICE weekly outlook: Canola carryover looms ahead of harvest
MarketsFarm — There’s a large canola carryover on farms and little of the soon-to-come 2019 crop has been sold, according to Winnipeg-based analyst Bill Craddock. “Farmers think the price is too cheap,” he said. However, the price has come down, from about $11 per bushel to around $9.50, he added, noting there likely won’t be […] Read more
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