MarketsFarm — Forecasts of rain for Western Canada will certainly help canola in terms of growing this year, said David Derwin of PI Financial in Winnipeg. “I spoke with several farmers from across the Prairies who said we got some good rains, a few who didn’t, but by in large, it’s good and the forecasts […] Read more
ICE weekly outlook: Weather the main factor in canola bids
ICE weekly outlook: Canola markets remain sensitive to weather
MarketsFarm — Canola markets were following trends set by soybean prices, as worries of late planting weighed on the minds of traders and farmers alike. As corn planting comes to an end, prolonged wet weather has continued to delay soybean planting to the point where the growing season may be shortened. “I think the market […] Read more
Dry weather stalls crop growth, pastures well below five-year average
Alberta Crop Report: Conditions as of June 4
Reading Time: 3 minutes The recent warm weather helped with both seeding and crop emergence. In terms of seeding progress, producers are five points ahead of the five year average of 94 and are currently sitting at over 99 per cent complete. Across the province emergence average is now at 72 which is also higher than the five year […] Read more
Feed weekly outlook: Weather buoys grain prices
MarketsFarm –– A dry spring on the Prairies, coupled with intensely wet weather south of the border, has frustrated producers and supported higher feed grain prices. Barley prices have rallied “quite strongly” due to dry weather observed across most of the Prairies, combined with tight supplies from previous years, said Nelson Neumann of Agfinity in […] Read more
U.S. grains: Soy futures extend rally
Chicago | Reuters — U.S. soybean futures rose 1.6 per cent on Wednesday, hitting their highest since mid-April on support from concerns that planting delays in the U.S. Midwest will lead to a sharp cutback in acreage as well as harvest yields, traders said. The jump followed a U.S. Agriculture Department report after the market […] Read more
Prairie dryness concerns to persist
MarketsFarm — Large areas of Western Canada remain on the dry side, with little moisture in the immediate forecasts. And while it’s still early in the growing season, the interplay of conflicting patterns from the south and north will determine whether the dry areas receive timely precipitation during the growing season. “We are looking at […] Read more
Dry weather sees good seeding progress
Alberta Crop Report: Conditions as of May 21, 2019
Reading Time: 4 minutes Since April 1, the western parts of the province received at least 40 mm of accumulated precipitation, while areas in the northern parts of the Peace Region, eastern parts of the North West, most parts of the Central, and eastern parts of the Southern Region have seen less than 20 mm of rain. Frost was […] Read more
Warm, dry weather advances seeding; crop emergence in early stages
Alberta Crop Report: Conditions as of May 14, 2019
Reading Time: 3 minutes The warm dry weather has attributed to substantial seeding progress provincially. Last week’s average on all crops was slightly above 16 per cent while this week’s numbers for major crops is 42 per cent complete, which is sizably higher than the five year average of 25. Across Alberta, 72 per cent of peas are in […] Read more
ICE weekly outlook: Canola looking for more support
MarketsFarm — ICE canola futures moved higher during the week ended Wednesday as a rally in the Chicago Board of Trade soy complex provided support. Whether there’s more room to the upside remains to be seen. “It looks like we’ve maybe turned a corner,” said Wayne Palmer, senior market analyst with Exceed Grain in Winnipeg. […] Read more
Pulse weekly outlook: Planted green, yellow peas lower prices
MarketsFarm — Green and yellow pea seeding is well underway across the Prairies, causing new-crop prices to slide marginally while spot prices hold firm. As Dale McManus, a broker with Johnston Grain at Welwyn, Sask., explained, seeded acres and new crop prices have an inverse relationship: as seeded acres rise, new crop prices fall. Producers […] Read more
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