MarketsFarm — Canadian farmers grew less wheat in 2020-21 than earlier thought, according to updated production estimates Statistics Canada released Monday. However, the country’s wheat crop would still be the second-largest on record and well above the five-year average. Using yield models based on satellite imagery, total wheat production in the country for 2020-21 is […] Read more
Statistics Canada trims wheat production estimate
Lentil crop estimate up from August
North Dakota spring wheat prospects seen below 2019, crop experts say
Chicago | Reuters – The spring wheat crop in North Dakota, the top U.S. producer of the grain, should yield less than last year due to a mix of dry June weather in the state’s western area and excessive rain in the southeast, crop experts said on Tuesday. The United States is projected as the […] Read more
Merged Manitoba crop groups qualify for checkoffs
Manitoba Crop Alliance also names top brass
The new unit formed from the merger of five Manitoba crop commodity organizations is set to begin collecting checkoffs for its founding groups’ crops, starting Aug. 1. The Manitoba Crop Alliance (MCA) announced Monday it now has its designation under the provincial Agricultural Producers’ Organization Funding Act. The designation allows the new organization to collect […] Read more
CBOT weekly outlook: Spring wheat premium widening over winter wheat
Row crop futures stuck in sideways range
MarketsFarm — All eyes remain on weather conditions in U.S. grain and oilseed markets, with soybeans and corn stuck in sideways patterns while seasonal harvest pressure causes the spring wheat premium to widen over the winter wheats. The advancing winter wheat harvest has weighed on Chicago and Kansas City winter wheat contracts recently, with reports […] Read more
CBOT weekly outlook: Prices stable, crops looking good
MarketsFarm — Over the last few weeks, soybean and corn prices on the Chicago Board of Trade (CBOT) have stabilized, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. “And that’s a good thing. Where this goes from here is still anybody’s guess,” he said. Noting that the crops in the United States are […] Read more
U.S. projects wheat acres at record lows, increases for soy, corn
Grain stocks as of March 1 down on year
MarketsFarm — As with last year, total wheat acres in the United States are projected to remain at all-time lows, according to the U.S. Department of Agriculture (USDA). The department issued its prospective plantings estimates Tuesday. MarketsFarm director of markets and weather Bruce Burnett called USDA’s wheat and soybean estimates positive, while he said its […] Read more
Burnett on Markets: Suddenly agriculture is important
COVID-19 is putting food security in the spotlight
MarketsFarm — A trend has developed in the business news channels over the past week that has not been hard to miss. Suddenly the CEOs of big agriculture and food concerns are being featured front and centre during the business segments. Usually these companies are noted only when they release quarterly results and even then […] Read more
Prairie cash wheat: Bids fall with U.S. futures
MarketsFarm — Hard red spring wheat bids in Western Canada moved lower during the week ended Thursday, as a sell-off in U.S. futures weighed on prices. Concerns that the Wuhan coronavirus would lead to a slowdown in the global economy accounted for some of the broad speculative selling that weighed on most grain markets during […] Read more
Late North American durum faces quality downgrades
MarketsFarm — Cool and wet conditions delaying harvest operations across North America’s durum-growing regions are cutting into the quality of the crop in both the U.S. and Canada, with widening price spreads likely going forward. “It’s been a challenging harvest,” said Erica Olson, marketing specialist with the North Dakota Wheat Commission. “We did have some […] Read more
Malt driving demand for soft white spring wheat
Soft white spring acres in Alberta have rebounded thanks to the craft beer movement
Reading Time: 5 minutes Soft white wheat acres are starting to creep up in Alberta, thanks to the burgeoning craft beer movement. “There’s been a growing market for malting soft white wheat,” said Geoff Backman, markets manager with Alberta Wheat and Barley. “It’s been driven by demand from the craft brewing industry, and that’s a nice value-added market on […] Read more
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