Reading Time: 2 minutes In total, 32 per cent of intended acres were seeded so far this spring, according to the Saskatchewan government’s weekly crop report released on May 16. One week earlier, seeding across the province was only 12 per cent complete.
Saskatchewan Crop Report: Half of field pea, lentil acres seeded
Organics: Planting decisions still to be made
Reading Time: 3 minutes In the midst of dryness in Western Canada and an organics market stuck in a standstill, organic growers are making decisions on what to plant in the coming weeks. Chances are, they may be dictated by their own rotations.
Precipitation does little for Prairie drought relief
Most areas dryer than a year ago, drought monitor shows
Reading Time: 2 minutes While much of the Prairies received above-normal amounts of precipitation during the month of February, the additional moisture did little to alleviate dry conditions according to Agriculture and Agri-Food Canada’s (AAFC) Canadian Drought Monitor (CDM).
ICE weekly outlook: Canola prices could rebound
'There's nothing all that exciting to look at'
Reading Time: 2 minutes MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume. […] Read more
CBOT weekly outlook: The three main factors affecting soybeans
'Here at $13.60, we're 70 cents overpriced'
Reading Time: 2 minutes MarketsFarm — Soybean prices on the Chicago Board of Trade (CBOT) are being pulled by three main factors, according to a trader. Ryan Ettner from Allendale Inc. in McHenry, Ill. explained that erratic weather in Brazil and Argentina is having a major effect on soybean prices, as well as Chinese demand for U.S. soybeans and […] Read more
Prairie cash wheat: Bids ease off
U.S. wheat futures turn lower
Reading Time: 2 minutes MarketsFarm — Bids for western Canadian wheat were down all around for the week ended Thursday, with Canada Prairie Spring Red (CPSR) wheat having the largest losses. U.S. wheat futures were lower as export sales continued to be weak. For the week of Nov. 3-9, 176,300 tonnes were sold for export, down 50 per cent […] Read more
ICE weekly outlook: Soy complex supporting canola
'Canola has been largely pulled up'
Reading Time: 2 minutes MarketsFarm — Amid falling crude oil prices, canola prices are staying strong, largely due to the Chicago soy complex, according to a Calgary analyst. Errol Anderson of ProMarket Communications has been impressed with canola’s recent rise. The January contract on ICE Futures was as low at $672 per tonne on Nov. 2 before rising to […] Read more
CBOT weekly outlook: Demand, not interest rates, affecting markets
U.S. Fed decision 'pretty much factored in'
Reading Time: 2 minutes MarketsFarm — While key interest rates in the United States will stay put for the time being, corn and wheat prices on the Chicago Board of Trade (CBOT) declined steadily during the week ended Wednesday. The U.S. Federal Reserve announced earlier Wednesday that the central bank’s policy rate will remain within 5.25 and 5.5 per […] Read more
More affordability, usage of fertilizers in 2024, analyst says
Israel's fertilizer output normal for now
Reading Time: 2 minutes MarketsFarm — While global fertilizer prices were projected to be steady to higher in 2024, overall affordability is set to improve while usage will increase, according to one analyst. Samuel Taylor, a New York City-based farm inputs analyst for RaboResearch Food and AgriBusiness, delivered a presentation on the fertilizer market during the firm’s Fall Harvest […] Read more
Prairie cash wheat: Bids book week of losses
U.S. wheat futures down on week
Reading Time: 2 minutes MarketsFarm — Western Canadian wheat bids took a tumble with durum prices having the largest losses during the week ended Oct. 26. U.S. wheat futures were pressured throughout the week as rains fell on winter wheat-growing areas in the country, as well as in Argentina, Ukraine and Australia. Export sales for U.S. wheat were lower […] Read more
A message from April Stewart, Country Guide's Associate Editor
