MarketsFarm — The ICE Futures canola market moved lower during the week ended Wednesday, but activity was choppy as futures reacted to broad swings in global financial markets. While the looming growing season should be starting to garner some attention, the COVID-19 pandemic “has grabbed all of the headlines and all of the oxygen out […] Read more
ICE weekly outlook: Canola market floating headline to headline
Cold spring weather expected for Prairies
MarketsFarm — Temperatures in the Prairie provinces are expected to be colder than average this spring. “There’s no indication that temperatures will be above normal,” said Bruce Burnett, director of markets and weather for MarketsFarm in Winnipeg. Low temperatures will likely cause issues for seeding in areas of the Prairies that have received late-spring snowstorms. […] Read more
Feed weekly outlook: Strong demand supports prices
MarketsFarm — Feed grain prices on the Prairies have been stronger, and well supported by strong demand. Nelson Neumann of Agfinity in Lethbridge said strong feed barley prices were due to an uptick in exports from the Prairie provinces. “That provided a nice support to the price floor,” he said, noting market participants had previously […] Read more
Pulse weekly outlook: Prices mostly steady ahead of seeding
MarketsFarm — As farmers decide what to plant in 2020, Dale McManus of Johnston’s Grain at Welwyn, Sask. hasn’t seen any significant deviation from what producers normally buy for pulse seed. “Red lentils, green lentils, green and yellow peas,” McManus cited among the pulses being purchased. Also, he noted, prices have remained quite steady in […] Read more
Farm season well set up if there’s a normal spring
A warm, dry spring should allow most areas to get off to a good start, says provincial forecast
Reading Time: 2 minutes It will — as usual — all depend on Mother Nature’s mood over the next couple of months, but much of Alberta is in a “desirable condition” when it comes to soil moisture reserves, says the latest provincial soil moisture update. “The greatest reserves are found throughout much of the southern Peace region and along […] Read more
Add COVID-19 to your safety plan for spring seeding
More cleaning and less sharing of equipment are sensible moves these days
Reading Time: 2 minutes Plan how to stay safe while seeding during COVID-19. Start, of course, by minimizing contact, said Jody Wacowich, executive director of AgSafe Alberta. “If you have a large group, maybe have them come at different points during the morning, so they’re not all together,” she said. But having safety conversations, in one form or another, […] Read more
Feed weekly outlook: Spring rally unlikely
MarketsFarm — Feed grain bids in Western Canada have held relatively steady over the past month despite large moves in many outside markets. However, a number of factors may weigh on values heading into the spring. Feed barley is trading in the $4-$4.95 per bushel area in Alberta, according to Prairie Ag Hotwire data. Prices […] Read more
No delays expected in fertilizer distribution
National fertilizer association doesn't expect any disruptions to deliveries
Should farmers expect delays to fertilizer deliveries heading into spring seeding? “Not if we can help it,” Fertilizer Canada CEO Garth Whyte said Thursday.”We’ve weathered all the rail system disruptions that we had over the last six months, and now, with COVID-19, we’re doing OK. “We’ve put contingency plans in at our manufacturing plants, at […] Read more
Pulse weekly outlook: India’s monsoons catch up, but crops still at risk
MarketsFarm — Heavy rains in recent weeks have brought India’s monsoon rainfall back to normal levels after a slow, dry start to the season, according to reports out of the country. However, flooding and uneven distribution of moisture could still hurt crop production. A normal monsoon is defined as 96-104 per cent of the 50-year […] Read more
ICE weekly outlook: All eyes on King Corn
MarketsFarm — ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at $450.40 per tonne on Wednesday. The contract could have another $5-$10 to […] Read more
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