Reading Time: < 1 minute MarketsFarm – With the exception of a handful of areas, most of Saskatchewan remained dry for the week ended July 31 as harvest operations began in the province’s southwest and west-central regions. Areas north of Prince Albert and northwest of Kindersley, as well as inside and around Hudson Bay each saw more than 30 millimetres […] Read more
Saskatchewan Crop Report: Dryness continues as harvest begins
Since April 1, the entirety of the province received 200 mm or less of rain
Feed weekly outlook: wheat, barley prices still on the rise
Demand for feed grains on the quiet side as feedlots order more United States corn says analyst
Reading Time: < 1 minute Marketsfarm – Variable crop conditions in Alberta and Saskatchewan are contributing to rising feed grain prices on the Prairies just weeks away from harvest. Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta., said while conditions in the northern half of Alberta are good in some places, areas around Red Deer and parts […] Read more
ICE weekly outlook: C$900 per tonne in reach for canola
Black Sea deal's end, Russian attack on Odesa, pushing all prices up
Reading Time: 2 minutes MarketsFarm – Sporadic rainfall across the Prairies has not been enough to stop canola’s upward momentum during the week ended July 19, while a pair of other factors are fueling the oilseed’s rise. The November canola contract went from settling below the C$800 per tonne mark (C$797.50/tonne) on July 12 to exceeding the C$850 mark […] Read more
CBOT weekly outlook: Markets react bearishly to WASDE report
Traders were expecting reduced U.S. corn yield
Reading Time: 2 minutes MarketsFarm — The Chicago Board of Trade (CBOT) saw futures come down after the U.S. Department of Agriculture (USDA) released its monthly world agricultural supply and demand estimates (WASDE) on Wednesday. Corn prices were 18 cents per bushel lower on the day, while soybeans lost 27-33 cents (all figures US$). Chicago soft wheat shed 24-28 […] Read more
Manitoba sunflowers doing well with fewer acres
Few pest, weed problems appear so far
Reading Time: 2 minutes MarketsFarm — Despite fewer acres under hot and dry conditions, things are going well for Manitoba’s sunflower crop. Out of the 88,000 acres planted for sunflowers across Canada, 77,000 of them are in Manitoba, according to Statistics Canada’s (StatCan) principal field crop acreage estimates released June 28. Both figures represent the fewest number of acres […] Read more
Prairie cash wheat: Weather, rising futures lift bids
Dry weather persisted for much of Prairies
Reading Time: 2 minutes MarketsFarm — Dry weather for most of the Prairies, as well as rising wheat prices in the U.S., lifted western Canadian wheat bids, some to more than $400 per tonne, for the week ended July 6. With the exception of thunderstorms and sporadic precipitation in Alberta, dryness persisted across much of the Prairies, albeit with […] Read more
Feed weekly outlook: Falling corn prices not spurring new demand
Feed barley bids in Alberta, Manitoba up from month-ago
Reading Time: 2 minutes MarketsFarm — Falling prices for U.S. corn futures on the Chicago Board of Trade (CBOT) are having little effect on shipments going to Alberta feedlots, according to one grain buyer. The September corn contract fell to its lowest price since January 2021 when it dropped to US$4.79 per bushel on Wednesday, before closing at US$4.8525/bu. […] Read more
Pulse weekly outlook: More U.S. peas, chickpeas expected in 2023
On the other hand, fewer lentils and beans
Reading Time: 2 minutes MarketsFarm — It was a mixed bag for forecasted seeded pulse acres in the United States, according to the U.S. Department of Agriculture (USDA). USDA released its acreage report on Friday, with data provided by respondents between May 30 and June 15. The report came two days after Statistics Canada (StatCan) released its June acreage […] Read more
Analysts expect little change in new StatCan numbers
Weather was 'pretty conducive to plantings'
Reading Time: 3 minutes MarketsFarm — Dry conditions in much of the Prairies this spring may leave seeding areas relatively unchanged ahead of Statistic Canada’s (StatCan) principal field crop report, due to be released Wednesday. It will be the second survey-based acreage report for the 2023-24 marketing year, after the first one was released in April. While growing conditions […] Read more
CBOT weekly outlook: Weather fuels rallies in grain prices
Rains expected in U.S. Plains states
Reading Time: 2 minutes MarketsFarm — Weather and less-than-stellar crop conditions were the primary factors that caused week-long rallies on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Ongoing dryness in most areas of the U.S. saw crops begin to deteriorate. The corn crop dropped six points to 55 per cent good to excellent as of […] Read more
A message from April Stewart, Country Guide's Associate Editor
