Reading Time: 3 minutes There’s a rather wide difference between the United States Department of Agriculture and its Brazil counterpart, Companhia Nacional de Abastecimento (Conab) when it comes to Brazil soybeans.
USDA, Conab widely differ on Brazil soybeans
Pulse Weekly: More dry beans for Manitoba
Reading Time: < 1 minute Planted dry bean acres in Manitoba are expected to increase for 2024/25. While Statistics Canada projected the Keystone Province to see 201,000 acres, a specialist with Manitoba Agriculture said those acres are likely to be a little bit below the StatCan estimate.
ICE Canada Weekly: Canola looking to S&D report for direction
Reading Time: < 1 minute While the start of the week of Apr. 8 saw canola futures on the Intercontinental Exchange trade in a very narrow range, broker Jamie Wilton of RJ O’Brien in Winnipeg said that could soon change.
Prairie Wheat Weekly: Red spring mixed, durum pushes up
Reading Time: 2 minutes Wheat prices on the Canadian Prairies were mixed during the week ended Mar. 31. Canadian Western Red Spring Wheat and Canadian Western Amber Durum were lower, while there were increases Canada Prairie Red Spring Wheat.
Feed Grain Weekly: ‘A good time to secure pricing’
Reading Time: 2 minutes There has been some movement in feed grain prices across the Canadian Prairies during the week ended Apr. 3, particularly in Alberta. Susanne Leclerc of Market Master Ltd. in Edmonton chalked that up to factors such as road bans and the approach of spring seeding. She also noted a change in corn.
Less North American flax acres, higher prices in Western Canada
Reading Time: 2 minutes Flax prices have been steady to higher over the last month with old crop prices on the Canadian Prairies adding 75 cents per bushel, while those in North Dakota remained unchanged.
Western Prairies to be cooler, wetter than eastern half
Reading Time: < 1 minute With spring planting on the Canadian Prairies a few weeks to a month away, the region’s weather outlook is very likely to take somewhat different paths, according to Scott Kehler of the Manitoba-based Weatherlogics.
ICE Canada Weekly: Canola set to rise, but not a sure thing
Reading Time: 2 minutes After incurring sharp losses on Tuesday and Wednesday, canola futures on the Intercontinental Exchange were poised for a turnaround to swing higher. MarketsFarm analyst Mike Jubinville suggested that cash prices on the Canadian Prairies should soon return to C$14 per bushel and maybe push as high as C$15.
Attaché trims Argentina soybeans, but crop still more than double
Reading Time: 2 minutes Soybean production in Argentina for 2023/24, along with beginning stocks and imports were revised downwards by the United States Department of Agriculture attaché in the capital of Buenos Aires.
ICE Canada Weekly: Look for canola to ease back
Reading Time: 2 minutes At mid-March one broker said he expects canola prices on the Intercontinental Exchange to make their way lower for the balance of the month.
A message from April Stewart, Country Guide's Associate Editor
