CNS Canada — The ICE Futures Canada canola market could go on a choppy ride this summer as weather challenges and the topsy-turvy world of international trade battles threaten to fill the next few months with volatility. “Particularly in the summer months, Trump issues and weather issues will be the primary drivers; both are hard […] Read more
ICE weekly outlook: Canola braces for turbulence
ICE weekly outlook: Seasonals to weigh on canola
CNS Canada — ICE Futures Canada canola contracts ran into some major resistance over the past week before turning lower, with more downside possible as seasonal trends should weigh on values. “Seasonally speaking, we’re in the neighborhood where canola makes the turn down,” said Mike Jubinville of ProFarmer Canada, noting canola typically sees some softness […] Read more
ICE weekly outlook: Weather, U.S./China relations influence canola
CNS Canada — Traders’ attention at the ICE Futures Canada canola market has now turned to western Canadian weather and news south of the border. While there was a reprieve from the drought over the last week, with rain falling in parts of Western Canada, large areas missed out on the moisture. More rain is […] Read more
If you like cold, the first half of April delivered in spades
Most forecasts predicted it would be chilly, but they’re split on what May and June have in store for us
Reading Time: 3 minutes After dealing with a cold and snowy March, most of us across the Prairies were hoping for a little better weather in April. Just how good or bad you saw April’s weather depends on what you wanted. For example, the cross-country skiers were more than happy in my region as the cold start to the month […] Read more
U.S. grains: Wheat drops on forecast for rains
Chicago | Reuters — Chicago wheat futures dropped to a 2-1/2-week low on Friday on outlooks for rains by this weekend that should alleviate stress on some crops in the parched U.S. Plains growing region, traders said. CBOT May contract wheat settled down 11 cents at $4.67-3/4 per bushel, bringing the losses for the week […] Read more
There are extreme rains, and then the deluge caused by Harvey
Some parts of Texas received more rain in 24 hours than Prairie centres have seen in their wettest-ever month
Reading Time: 2 minutes As fairly quiet weather continues across the Prairies, the big weather story recently has been Hurricane Harvey, which came ashore in Texas late on Aug. 26. Harvey rapidly strengthened in the 12-hour period leading up to landfall and came ashore as a borderline Category 4 hurricane, with top winds of 210 kilometres per hour. It wasn’t […] Read more
Forecast rain to cause few problems for Peace farmers
CNS Canada — As rain threatens to disrupt harvest in parts of the Prairies this week and next, the Peace region of northwestern Alberta is attracting added attention. While rains are forecast to be fairly general across eastern Saskatchewan and Manitoba over the next week or so, they are expected to cause minimal damage and […] Read more
Argentine wheat seedings slowed by rain
CNS Canada – Argentina’s hope for a near-record wheat crop have been dampened by excessive rain and below-average seedings. With planting nearly complete, the United States Department of Agriculture office in Buenos Aires has estimated the Argentine wheat crop at 12.8 million acres. That falls about one million acres below the official USDA forecast of […] Read more
U.S. grains: Improving weather views pressure corn, soy, wheat
Chicago | Reuters — U.S. corn futures dropped 2.8 per cent on Monday on forecasts for rain that is expected to bolster the health of a crop stressed by adverse weather throughout planting and early development, traders said. The improving weather view also weighed on wheat and soybean futures as traders used it as an […] Read more
Seeding well behind five year average, crop stages behind normal
Alberta crop conditions as of May 30
Reading Time: < 1 minute Seeding progress in the province has reached 79 per cent complete, up 22 percentage points on the week, but well behind the five-year average of 97 per cent. A weather front early in the reporting period brought strong winds and varying amounts of rain to the North West and North East regions, reaching into the […] Read more
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