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Wheat

Grey skies over the Alberta landscape, July 2023. (Geralyn Wichers photo)
Crops

Alberta crops doing quite well

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Reading Time: 2 minutes Crops throughout Alberta stood at 75 per cent good to excellent as of July 2, according to the latest crop report from the provincial agriculture department. That was eight points above the five-year average despite cooler than normal temperatures and delayed crop development due to excessive rain for most of the province so far this year.
File photo of sunset over a wheatfield in Brazil. (Evandrorigon/E+/Getty Images)
Markets

Brazil pushing towards wheat self-sufficiency

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Reading Time: 2 minutes The USDA attaché in the country’s capital of Brasilia said the expansion of wheat will include cultivating “tropical wheat” in the savanna-like region in central Brazil known as the Cerrado biome. These varieties of tropical wheat are reported to be better resistant to dry weather.
(Photo courtesy Canola Council of Canada)
Crops, Markets

Manitoba crop weather/conditions varied

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Reading Time: < 1 minute Mixed weather conditions across Manitoba over the Canada Day long weekend left some regions of the province dealing with excess moisture, with high winds and cool temperatures also affecting crop development, according to the latest provincial crop report.
Photo: Thinkstock
Markets

U.S. corn acres, grain stocks higher than expected

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Reading Time: 2 minutes The planted area for U.S. corn in 2024 was determined to be 91.5 million acres, greater than the March USDA estimate of 90.04 million as well as the trade’s average guess of 90.35 million. However, the figure was nowhere close to last year’s acreage total of 94.64 million. After the release of the report, corn prices at the Chicago Board of Trade (CBOT) reacted bearishly with contracts losing more than 20 U.S. cents per bushel.

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