MarketsFarm — Canary seed stocks are presently tight for two reasons: unreported inventories have been used up, and poor yields from this year’s crop. David Nobbs of Purely Canada Foods in Saskatoon explained there was a “hidden inventory over the last four to five years,” never reported to Statistics Canada, that was used to meet […] Read more
Canary seed supplies tighten
'Hidden' stocks of product seen shrinking
Low acreage buoys mustard seed prices
MarketsFarm — Spot prices for mustard seed on the Prairies have trended higher, due to consecutive years of low seeded acreage. In 2020, about 256,500 acres of mustard seed were planted, down about 36 per cent from the previous year. Walter Dyck, seed division manager for Olds Products, mentioned it’s the second time in 20 […] Read more
U.S. grains: Soy rallies on expectations for higher exports
U.S. yield estimates may decline more, analysts say
Chicago | Reuters — Chicago Board of Trade soybean futures on Friday rallied to their highest since June 2018 as traders projected an increase in the U.S. Department of Agriculture forecast for exports with a further cut in domestic production. Corn futures reached a six-month high, while wheat futures fell to a two-week low. USDA, […] Read more
Minnesota fields thrive, Iowa storm damage continues on crop tour
Chicago | Reuters — Scouts on an annual U.S. Midwest crop tour continued to see fields battered by an Aug. 10 derecho storm in central Iowa on Thursday, with corn stalks snapped and ears littering the ground due to the hurricane-like winds. In Iowa, crop prospects swung wildly from field to field, according to scouts […] Read more
Crop tour suggests record-large wheat harvest ahead
Winnipeg | Reuters — Canadian farmers are on track to harvest a record-large all-wheat crop, and more canola than last year, due mainly to favourable crop conditions, advisory service FarmLink Marketing Solutions estimated Wednesday. The Winnipeg-based company’s staff toured western Canadian fields during the last two weeks of July. “We expected a big crop and […] Read more
Pulse weekly outlook: Chickpea market under pressure
Current crop up against disease issues
MarketsFarm — Lost demand due to the COVID-19 pandemic is keeping pressure on the Canadian chickpea market, despite disease issues causing problems for nearly a third of the country’s crop, according to an industry source. After disease caused problems for chickpeas in some areas of southern Saskatchewan in 2019, the radius of the problem area […] Read more
U.S. farming body, Zambian firm partner aim to boost crop yields
Country rebuilding drought-battered ag sector
Lusaka | Reuters — A U.S. non-profit organization has launched a US$40 million joint venture with one of Zambia’s top farm suppliers to boost crop yields and food security as farmers struggle to access finance amid the COVID-19 pandemic, the local company said on Sunday. The chairman of African Green Resources (AGR), Zuneid Yousuf, said […] Read more
Strong demand supports sunflowers
MarketsFarm — Global demand for sunflower oil is steadily increasing, according to Scoular’s Robert Deraas. Deraas, director of the Scoular Co.’s sunflower and bird food division, explained Wednesday at CropConnect in Winnipeg that the majority of Canadian sunflowers are grown for oil purposes. Increases in demand are driven largely by health-conscious consumers who use sunflower […] Read more
Variable yields supportive for mustard prices
MarketsFarm — Statistics Canada’s principal field crop production report last week estimated a significant drop in Canada’s 2019 mustard production. In September, the agency estimated Canadian mustard would total about 141,000 tonnes. However, due to challenging growing conditions and a slight reduction in acreage, the StatsCan estimates released Friday were revised downward to 134,600 tonnes. […] Read more
The news is not good — but it will get better, say market analysts
Harvest is one of the worst times to look for good news in wheat markets, but prices should soon rally
Reading Time: 3 minutes It’s not hard to find bad news these days when it comes to wheat markets. Recent news stories include the USDA surprising analysts by raising its production forecast (by 59 million bushels), European wheat fields coming through a record-breaking heat wave in fine shape, and the threat from Black Sea producers continuing to rise. (For […] Read moreCyber-Savvy Farmer
