MarketsFarm — Manitoba could be looking at its largest edible bean crop in over a decade, as acres were up and early development generally looks good. Manitoba farmers seeded an estimated 163,700 acres of edible beans in 2019, according to Statistics Canada data. That would be up 20 per cent on the year and marks […] Read more
Large Manitoba edible bean crop likely, weather willing
U.S. Midwest floods to weigh on diesel demand come harvest
Putnam County, Ill. | Reuters — A disappointing planting season due to massive flooding in the U.S. Midwest this spring is expected to have spillover effects on diesel demand during harvest season, analysts and traders said. Heavy storms that lingered over the Midwest left millions of acres unseeded and put crops that were planted late […] Read more
Major grain traders face one-two punch from U.S. floods, trade war
Chicago | Reuters — Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland and Bunge for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill and Louis Dreyfus, known as the ABCD quartet of […] Read more
U.S. grains: Wheat, corn down on crop conditions, weather
Chicago | Reuters — Chicago corn and wheat futures settled down on Tuesday after the U.S. Department of Agriculture (USDA) raised its condition ratings for both grains and more crop-friendly weather was forecast for the Midwest. “This downward trend has been led by wheat,” said Ted Seifried of Zaner Group. “These crop conditions are absolutely […] Read more
Manitoba to open up Crown lands for grazing, haying
Some Manitoba Crown lands not generally used for grazing or haying will be made available for temporary lease to producers this summer and fall. Citing “dry conditions in parts of the province,” the Manitoba government announced Monday that livestock producers “will temporarily be allowed to cut hay and allow animals to graze on Crown land […] Read more
U.S. grains: Corn, soy higher after choppy day amid hot forecasts
Chicago | Reuters — Chicago corn and soybean futures settled higher on Monday after a seesaw trading session. Analysts blamed the choppy day on forecasts for hot and dry weather in the U.S. Midwest in the coming days. But forecasts showing heat building further in the next two weeks, with limited rainfall, were causing concern […] Read more
Feed weekly outlook: World weather buoys barley
MarketsFarm — Canadian feed barley prices are being buoyed by a triple threat of weather circumstances both locally and abroad. Three years of dry growing conditions in Australia have tightened global feed barley supplies to the point that domestic Canadian prices have increased. Current feed barley bids are topping out at $6.25 per bushel in […] Read more
U.S. grains: Corn, soy ease on warmer weather
Chicago | Reuters — Chicago soybean, corn and wheat futures all settled down on Monday after early strength, as outlooks for improved U.S. weather boosted crop production prospects, analysts said. The August soybean contract on the Chicago Board of Trade settled down 14-3/4 cents at $8.89-3/4 a bushel and new-crop November settled down 14-1/2 cents […] Read more
Crop conditions creep near five-year average, soil moisture levels still a concern
Alberta Crop Report: Conditions as of June 25
Reading Time: 4 minutes Following a dry spring, most parts of the province have received at least 80 mm of precipitation over June and experienced a wetter weather pattern, with some fields receiving significantly more rain through thunderstorm activities. However, southern parts of Alberta remained dry and in need of rain. Moisture stress in the northern half of the […] Read more
U.S. grains: Corn, soy retreat as farm belt heats up
Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as investors squared positions ahead of government reports on acreage and stocks due on Friday and as improving U.S. Midwest weather boosted crop prospects. Wheat futures ended mixed as improved harvest weather in the U.S. Plains winter wheat belt offset support from […] Read more