Reading Time: 2 minutes MarketsFarm – As a spring wheat tour of the Northern Plains of the United States wraps up, grain traders are awaiting the results with great interest. “That has wheat excited all over again, because (traders are) already well aware yields are going to be quite low,” said Ryan Ettner, broker for Allendale Inc. in McHenry, […] Read more
CBOT weekly outlook: More information needed for wheat, soybeans
Crop quality greater in western Manitoba
Reading Time: 2 minutes MarketsFarm – While the western parts of Manitoba are seeing healthy crops, the eastern and Interlake regions aren’t so fortunate, according to Manitoba Agriculture and Resource Development. Crop ratings for both the southwest and northwest regions range from 50 to 75 per cent good to excellent, according to the province’s weekly crop report released on […] Read more
Pulse weekly outlook: Healthy demand for heat-stricken Manitoba pulses
Reading Time: < 1 minute MarketsFarm – If Manitoba’s pea harvest is any indication, the province’s pulse crops will be largely deteriorated by the hot and dry weather affecting all of Western Canada, according to Manitoba Pulse & Soybean Growers executive director Daryl Domitruk. “It has affected (pulses) like it has affected most of the other crops, in that severe […] Read more
Hemp industry looking forward despite hurdles
Industry 'on the edge of turning'
Reading Time: 2 minutes MarketsFarm — The number of hemp acres grown in Canada, of which more than 80 per cent are on the Prairies, have ebbed and flowed over the past few years. In 2018, 41,200 acres were planted, according to Statistics Canada, but the total more than doubled the next year to 91,100. In 2020, that number […] Read more
Durum markets reckon with weather
'There was no wiggle room for a crop problem'
Reading Time: 2 minutes MarketsFarm — The higher temperatures soared and the longer between rains in Western Canada, the lower the yield projections for most crops — and drought-tolerant durum wheat is no exception. With bids already elevated due to a downturn in potential new-crop supply, the price of durum could rise even higher. “There’s not a lot of […] Read more
Feed weekly outlook: Bids rising in Saskatchewan
Reading Time: < 1 minute MarketsFarm — Feed grain prices in Western Canada are continuing their ongoing rise as heat and dryness cover the region. “For feed wheat (on Tuesday), I finally got a bid of $10 per bushel, which is really an amazing bid,” said Dale McManus, broker for Johnston Grains at Welwyn, Sask. The high-delivered bid for feed […] Read more
Feed weekly outlook: Heat reducing potential yields, raising prices
Reading Time: 2 minutes MarketsFarm — The hot and dry summer that has enveloped all of Western Canada is already bringing down projected yields for feed grains, creating an inverse effect on prices. “We’re losing the crop here right now with the heat and lack of moisture across the Prairies and the northern Plains of the United States,” said […] Read more
Pulse weekly outlook: Container crisis affecting markets, shipments
Reading Time: 2 minutes MarketsFarm — As hot and dry weather, especially in Western Canada, have wrought havoc on Canadian pulse crops and raised prices, it’s also becoming more difficult to export pulses overseas. Shipping containers, in which 30 per cent of Canada’s peas and more than 50 per cent of Canada’s lentils are transported, are currently in a […] Read more
CBOT weekly outlook: Inflation another major concern for traders
Reading Time: 2 minutes MarketsFarm — While weather has become a primary factor in rising commodity prices over the past week, traders at the Chicago Board of Trade are also paying close attention on inflation. Earlier Wednesday morning, the U.S. Bureau of Labor Statistics announced that the producer price index (PPI) increased by one per cent, more than expected, […] Read more
USDA pegs wheat ending stocks to be lowest since 2013-14
Reading Time: 2 minutes MarketsFarm — As the U.S. northern Plains continue to deal with severe drought conditions, the U.S. Department of Agriculture (USDA) has significantly lowered its 2021-22 ending stocks estimates for wheat — especially durum and spring wheat. According to USDA’s monthly world agriculture supply and demand estimates (WASDE) released Monday, 2021-22 ending stocks for wheat are […] Read more
A message from April Stewart, Country Guide's Associate Editor
