MarketsFarm — Canola contracts on the ICE Futures platform held relatively rangebound during the week ended Wednesday, trading within a $20 per tonne range in most months as market participants wait to get a better handle on new-crop prospects. “There’s some concern developing on seeding delays,” said Jamie Wilton of RJ O’Brien in Winnipeg, adding […] Read more
ICE weekly outlook: Weather to influence canola price movement
Short-covering seen supporting front months for now
Vast tracts of drought-hit Argentine soy fields seen going unharvested
Yet more cuts to production possible
Buenos Aires | Reuters — Argentina’s Buenos Aires grains exchange on Thursday said farmers would likely leave large tracts of soy fields unharvested due to damage from a historic drought, which could lead to more cuts to its 25 million-tonne production forecast. Argentina is the world’s top exporter of soybean oil and meal, but its […] Read more
Manitoba’s Red River Valley at major risk for flooding
Province's March flood outlook report cites U.S. storms as reason
Manitoba has significantly raised the risk of spring flooding in its Red River Valley, follow “recent precipitation events south of the border.” Manitoba Transportation and Infrastructure’s Hydrologic Forecast Centre on Wednesday projected a major risk of flooding on the Red River and low to moderate risk of flooding in most Manitoba basins in its March […] Read more
No big changes in current weather patterns
Potential for some precipitation in early April
MarketsFarm — With spring officially underway, don’t expect a lot of major changes in the current weather patterns across the Canadian Prairies and the U.S. northern Plains, according to Drew Lerner of World Weather Inc. at Overland Park, Kansas. “For the rest of March, it’s status quo, it will stay cold. We’re not going to […] Read more
No end in sight for deadly drought
Reading Time: < 1 minute An “unprecedented” three-year drought in the Horn of Africa is affecting tens of millions of people and the region will take years to recover, says the World Meteorological Organization, the United Nations and a host of aid organizations. But the latest forecast is for another poor rainy season. “If below-average rains do materialize, the Horn […] Read more
Wild wheat genes can make crop more tolerant to extreme heat
Large trial tested 149 wheat lines and those with exotic DNA had up to 50 per cent higher yields
Reading Time: 2 minutes Researchers have been putting wheat to the test in a Mexican desert to see if varieties with genes from wild relatives are better able to deal with hot conditions. Scientists from the Earlham Institute in Norwich, England, and the International Maize and Wheat Improvement Centre in Mexico collaborated on the study. The latter, known as […] Read more
B.C. farmers granted late entry for AgriStability
Avian flu, 'extreme weather' events considered
With bird flu outbreaks and last spring’s weather woes in mind, farmers and ranchers in British Columbia are now spotted until the end of June to enrol in AgriStability. The province and the federal ag department on Tuesday announced they’ve agreed on a late participation option for the 2022 program year. In this case, the […] Read more
Argentina soybeans go from ‘worse to worser,’ expert says
Heatwave now crisping early-planted crops
MarketsFarm — Extreme heat and drought throughout most of Argentina have taken a huge toll on that country’s soybean crop. Dr. Michael Cordonnier of Soybean and Corn Advisor said the forthcoming soybean harvest is now likely to produce 25 million to 30 million tonnes, a far cry from the 40 million to 45 million tonnes […] Read more
‘Normal’ spring ahead for most of the Prairies
Below-normal rains expected for southern Alberta, western Saskatchewan
MarketsFarm — Canada’s Prairies are looking at normal temperatures over the next month to three months, according to Environment and Climate Change Canada (ECCC). The federal department on Tuesday issued its temperature and precipitation probabilistic forecasts, which also called for normal precipitation for most of the region. “The forecast is really neutral for the Prairies, […] Read more
Nova Scotia to bridge Fiona funding gap for farmers
Provincial program offering up to $400K per farm
Nova Scotia farmers who didn’t qualify for federal disaster financial assistance (DFA) in the wake of Hurricane Fiona last September may be able to get in on a new provincial program instead. The province on Thursday announced $3 million for what it calls the Fiona Agriculture Response Gap Funding program, offering up to $400,000 for […] Read more
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