Reading Time: 3 minutes Despite many tribulations, beekeepers are optimistic about getting a good honey crop this year After two terrible, no-good, very bad years, Alberta’s beekeepers are feeling a little more optimistic. Poor weather severely reduced production in 2019, then came high overwintering losses, then the pandemic brought a maelstrom of troubles, and then more bad weather. “Last […] Read more
Beekeepers got knocked down but they got up again
Prolonged heat wave breaks Canadian temperature records
MarketsFarm — An extreme heat wave affecting all four western provinces, the shores of the Mackenzie River in the Northwest Territories as well as Watson Lake, Yukon, is expected to persist for a week. The “heat dome,” a high-pressure system trapping warmer air, has affected British Columbia the most. The village of Lytton, about 160 […] Read more
EU countries approve deal to overhaul farming subsidies
Subsidies to focus on sustainability, 'eco-schemes'
Brussels | Reuters — European Union countries on Monday gave the green light to reforms of the bloc’s huge farming subsidy program, after a three-year battle over rules to make it greener and support smaller farms. Negotiators representing the EU’s 27 countries and European Parliament struck the deal on Friday to reform the Common Agricultural […] Read more
U.S. grains: CBOT corn, soy, wheat rally as hot forecasts trump rains
MGEX September wheat also climbs
Chicago | Reuters — Chicago Board of Trade corn, soybeans and wheat rallied on Monday, with traders focused on forecasts for heat in the western U.S. Midwest that will quickly dry out soils in major production areas. “The forward forecasts have the heat that is presently over the Pacific Northwest to move over the western […] Read more
Prairie cash wheat: Drought sends bids higher
U.S. July wheat futures up on week
MarketsFarm — Mounting drought concerns in the spring wheat-growing regions of Canada and the U.S. saw Prairie cash bids post solid gains during the week ended Thursday. Average CWRS (13.5 per cent) wheat prices were up by $18-$21 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and […] Read more
Canola, wheat acres in opposite trends before StatsCan report
'Every commodity was offering options that were profitable'
MarketsFarm — Just days prior to Statistics Canada issuing its latest survey-based crop acreage report on Tuesday next week, analysts are estimating a rise in canola acres at the expense of wheat. “Coming through the winter and towards spring seeding, we were looking at canola prices that were at their highest levels of all time,” […] Read more
U.S. grains: Court ruling, rains pressure corn, soy
CBOT wheat down, MGEX spring wheat up
Chicago | Reuters — Corn and soybean futures tumbled on Friday after a U.S. Supreme Court ruling bolstered a bid by small oil refineries seeking exemptions from laws requiring them to blend ethanol or other biofuels into their products, traders said. “Each time the markets start to stabilize, having priced in the latest round of […] Read more
Feed weekly outlook: New-crop prices to rise
MarketsFarm — Well covered with grain for now, feedlots are beginning to set their sights on the new crop. Drought conditions on the Prairies and the U.S. northern Plains are causing new-crop feed wheat and feed barley prices to go up, according to a Saskatchewan-based trader. “Demand for old crop (is) dwindling and the focus […] Read more
U.S. grains: Soybean futures fall after rain
Chicago corn, wheat futures both mixed
Chicago | Reuters — Chicago Board of Trade corn soybean futures fell on Thursday, pressured by rain in key growing areas of the U.S. Midwest this week, traders said. “I think it is probably confirmation of fairly widespread rain in areas that were in really dire straits,” said Chuck Shelby, president of Risk Management Commodities. […] Read more
ICE weekly outlook: Weather, carryout support canola
MarketsFarm — As higher-than-normal temperatures become almost a weekly occurrence in Western Canada amidst tightening carryout stocks, canola seems primed for another extended rally. Despite rains in Western Canada over the past three weeks, providing some relief for canola crops and triggering fund liquidation on the markets, carryout remains very low, with warmer temperatures exacerbating […] Read more
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