MarketsFarm — Although Agriculture and Agri-Food Canada (AAFC) released its production forecast Wednesday, markets are focused on next week’s production report from Statistics Canada — a survey-based report which should provide a clearer picture of what’s to come. AAFC’s August report kept the canola production estimate at July’s 18.575 million tonnes. “Maybe we’ll see if […] Read more
ICE weekly outlook: Canola trade’s eyes on StatsCan report
Winter wheat harvest varies by province
MarketsFarm — Depending where a farmer is located, Canada’s winter wheat crop has varied this year. Ontario has long been the country’s powerhouse for winter wheat. Statistics Canada projected the province’s farmers to seed just over one million acres this year, nearly 75 per cent of Canada’s total winter wheat acres. However, Marty Vermey, senior […] Read more
Malt barley prices remain stable
MarketsFarm — Malt barley prices have held steady throughout the 2019 growing season as global demand remains strong. Malt prices in 2018 were driven about 15 per cent higher due to a global shortage. According to Farmlink, drought conditions caused Australia to produce “one of the smallest barley crops in recent memory.” The crops were […] Read more
Pulse weekly outlook: Field pea acreage increasing
MarketsFarm — Last week’s report from Statistics Canada estimated that some acreage in Canada’s canola belt will instead go to field peas in 2019. Approximately 4.3 million total acres will be dedicated to field peas, StatsCan said, marking a 300,000-acre increase from estimates earlier in the year, and up from the 3.6 million acres seeded […] Read more
ICE weekly outlook: Weather, politics in focus for canola trade
MarketsFarm — ICE Futures canola contracts fell to their lowest levels in a month during the week ended Wednesday as much-needed moisture also fell across much of Western Canada. While there are still plenty of areas of concern, the rain has taken some of the weather premium out of the market, said Jonathon Driedger of […] Read more
CBOT weekly outlook: USDA’s acreage report could push up prices
MarketsFarm — At least one analyst predicts the U.S. Department of Agriculture’s next acreage report, due out Friday, could have a bullish effect at the Chicago Board of Trade. “If we come in near trade expectations for the (soybeans), it might be supportive,” said Terry Reilly, grains analyst with Futures International in Chicago. Trade expectations […] Read more
U.S. grains: Soy, corn down on improved weather
Chicago | Reuters — U.S. corn futures fell for the first time in three sessions and soybeans fell for a second straight day on Wednesday, with prices weighed down by forecasts of dry weather in parts of the U.S. Midwest that lifted hopes for improved crop conditions. “This short-term warm weather can lead to a […] Read more
StatsCan: Less canola and durum, more barley and oats
MarketsFarm — Canadian farmers seeded fewer canola and durum acres than they originally intended, but more barley and oats, according to updated acreage estimates from Statistics Canada that largely came within expectations. StatsCan pegged planted Canadian canola area for 2019-20 (August to July) at 20.952 million acres, down by about 300,000 from the March survey […] Read more
Less canola, more barley area expected in next StatsCan report
MarketsFarm — Canadian farmers will likely grow less canola and more barley in 2019, though the jury is out on exact acreage numbers ahead of Statistics Canada’s seeded area estimates due out Wednesday. Barley prices have hit “historic highs” thanks to inclement corn-growing weather in the United States, which has buoyed most feed grain prices. […] Read more
Alberta producers see incomes drop by $1 billion last year
Flat revenue, higher expenses squeeze farmers
Reading Time: 4 minutes No matter how you measure it, Canadian and Alberta farm income took a big, double-digit, hit in 2018. The two biggest culprits were flat revenues, in part because of trade restrictions, and higher expenses, including for commercial feed, interest and machinery fuel. For 2018, Canadian farm net cash income fell 20.7 per cent to $11.6 […] Read more
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