As high-level trade talks are underway in Beijing this week between the U.S. and China, commodity markets are watching carefully, said an analyst following the Chicago Board of Trade. “All eyes are on March 1,” said Steve Georgy of Allendale Inc. Should negotiators fail to make any progress toward resolving the U.S./China trade war, the […] Read more
CBOT weekly outlook: All eyes on March 1 trade deadline
Drying grain may become the norm as harvests trend later
Natural air drying with supplemental heat hasn’t caught on in Alberta yet, but it soon could
Reading Time: 5 minutes Alberta farmers may need to get used to leaving grain in the field at harvest. “Harvest might be starting earlier, but poor weather during the harvest season is slowing down that last little bit of harvest, and there’s more and more crop being left in the field in October,” said Joy Agnew, program manager at […] Read more
U.S. shutdown sends grain traders, farmers hunting for data
Chicago | Reuters — When the U.S. Department of Agriculture announced a slew of key farm reports would not be released on Friday due to the partial government shutdown, the phones at crop forecaster Gro Intelligence blew up. The USDA was set to release its views on the projected size of U.S. soybean stockpiles, among […] Read more
December StatsCan report could vary from years past
CNS Canada — After this fall’s long, drawn-out harvest, some analysts predict Statistics Canada’s final Production of Principal Field Crops numbers could vary from the usual pattern. StatsCan’s report, due out Thursday, is a “very uncertain” report “because that was probably one of the most bizarre falls we’ve ever had on the Prairies,” said Ken […] Read more
Canary seed market seen as dull, static
CNS Canada — Prices for canary seed over the last 15 months have fluctuated between 20 and 23 cents/lb. delivered in Western Canada, and there’s little chance that will change any time soon. To David Nobbs, managing partner of Canpulse Foods in Saskatoon and a director with the Canaryseed Development Commission of Saskatchewan, the canary […] Read more
Alberta farmers try to wrap up ‘very unusual year’
CNS Canada — As winter approaches, producers in Alberta are still in the fields trying to wrap up the last bit of the 2018 harvest. According to the final crop report issued by Alberta Agriculture and Forestry, about six per cent of all crops were still in the field at the end of October. The […] Read more
CBOT weekly outlook: Markets quiet heading into holidays
CNS Canada — Traders aren’t expecting much to move corn and soybean markets in upcoming weeks as the U.S. moves into holiday mode. “These markets are going to just be very choppy and of course we’re going into December and nobody likes to work (during the holiday season). There’s more parties, Washington goes on Christmas […] Read more
In a year of extremes, soil moisture rebound a bright spot
The rain, snow, and cold in early fall had one upside — it recharged soil moisture reserves in much of the province
Reading Time: 4 minutes This year’s harvest was tough, but there is one good thing about it: Soil moisture and subsoil moisture are at almost normal levels in most of the province. “The soil moisture is looking better than it was at the end of August,” said Harry Brook, a crop specialist with Alberta Agriculture and Forestry. “It’s closer […] Read more
U.S. grains: Soybeans higher on slow harvest pace
Chicago | Reuters — U.S. soybean futures rose on Wednesday on a slower-than-expected harvest pace and news of fresh export sales, although plentiful global supplies kept a lid on the market, analysts said. Wheat futures fell on sluggish export demand while corn futures ended narrowly mixed. Chicago Board of Trade January soybean futures settled up […] Read more
Fair weather welcome for harvest wrap-up in Sask.
CNS Canada – Thanks to good weather during the last half of October 99 per cent of Saskatchewan’s crop has been harvested according to Saskatchewan Agriculture’s final Crop Report of 2018. However, snow and rain in early November has delayed the harvest of the remaining crops such as flax and oats, but producers hope to […] Read more
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