MarketsFarm — Corn and soybean futures at the Chicago Board of Trade may have run into some profit-taking resistance, but underlying concerns over wet fields and lost acres should keep the general uptrend in place heading through the summer. “I don’t think this weather story is anywhere near over,” said Preston Zacharias of CHS Hedging’s […] Read more
CBOT weekly outlook: Bullish U.S. Midwest weather story not over
Sunflower production seen beating StatsCan estimates
CNS Canada — Sunflowers in southern Manitoba are starting to come off and early indications point to very good quality. Ben Friesen, manager of the sunflowers, flax and bird food division for the Scoular Co. in Winkler, said although only a few samples have come in, what he’s seen so far is promising. Sunflower growers […] Read more
Pulse weekly outlook: Lentil yields look good, worries grow over peas
CNS Canada — It’s a mixed bag in many ways for Saskatchewan’s pulse crops this year, as a dry summer and late rains have meant different things for various crops. According to one industry expert, though, the overall picture doesn’t look bad. “I think overall, if you assess the entire province, it will come in […] Read more
ICE weekly outlook: Pressure builds on canola as yield outlooks vary
CNS Canada — ICE’s November canola futures look poised to continue chopping around between the $490-$500 per tonne mark, as uncertainty over yields in Western Canada sows seeds of doubt throughout the trade. “Yields that have been coming in suggest the crop will be bigger than the (Statistics Canada) estimate,” said Ken Ball of PI […] Read more
Pulse weekly outlook: Lower lentil yields predicted
CNS Canada — After a year of market woes for lentils, it looks as though the Saskatchewan lentil yield won’t be the best either. “I think overall we would be expecting lentil yields lower than average this year, but it’s hard at this point to put a figure or a number on that,” said Carl […] Read more
Neonic phase-out may limit flea beetle control tools
CNS Canada — The phasing out of neonicotinoid seed treatments in Canada may cause problems for the country’s canola growers when dealing with flea beetles — but alternatives pesticides could fill the gap. Health Canada’s Pest Management Regulatory Agency (PMRA) is proposing that two neonicotinoid pesticides, clothianidin and thiamethoxam, be phased out over the next […] Read more
Rye production could fall 25 per cent, analyst says
CNS Canada — This year’s Canadian rye harvest appears positioned to carry on the crop’s recent trend with another production decline. Dry conditions in many regions of the Prairies and ergot in Manitoba are expected to drive down yields. Jonathan Hull of The Scoular Co. said he has been hearing from farmers that yields could […] Read more
U.S. grains: Wheat near limit-up on yield concerns
Chicago | Reuters — U.S. wheat futures surged on Wednesday, supported by concerns about crop shortfalls in key production areas around the globe, traders said. The strength in wheat lifted corn futures to their highest in more than three weeks. Corn also received support from concerns about dry conditions limiting harvest yields in parts of […] Read more
Feed weekly outlook: Optimism takes pressure off Prairie grains
CNS Canada — Following recent rains across Western Canada, producers have opened their bins and are selling grain again for feed, taking some pressure off of the market. “It’s some relief from the rain that’s happened across the Prairies in the last two weeks. It’s allowing producers to comfortably sell the rest of their old-crop […] Read more
Pulse weekly outlook: Large U.S. crop possible, despite reduced acres
CNS Canada — Farmers in the U.S. may have planted fewer pulse acres in 2018 compared to the previous year — but the reduction was likely not as large as forecast by the U.S. Department of Agriculture. A return to average yields would also still result in big supplies overall, after poor crops in 2017, […] Read more
Cyber-Savvy Farmer
