Reading Time: < 1 minute At this time there have yet to be any firm estimates as to what canola yields on the Canadian Prairies are most likely to be. However, once those start rolling in, the canola market will shift towards demand, according to broker Tony Tryhuk of RBC Dominion Securities in Winnipeg.
ICE Canada Weekly: Attention on canola to soon turn from yields to demand
Alberta crops holding their own for now
Reading Time: 2 minutes Alberta reported its crops were still in good shape despite temperatures pushing above 30 degrees Celsius and a lack of rain as of July 16. The report put the overall rating for the province’s crops at 74 per cent good to excellent, seven points above the five-year average.
Prairie Wheat Weekly: Canadian prices drift
Reading Time: 2 minutes Cash wheat prices across the Canadian Prairies varied the week ended July 18, despite the United States wheat complex being lower. Canada Prairie Red Spring Wheat was mixed, while Canadian Western Red Spring Wheat, and Canadian Western Amber Durum down hard, particularly durum prices.
Feed Grains Weekly: Prices remain lower despite upswing in market
Reading Time: 2 minutes Although prices for barley and wheat have swung higher during the week ended July 18, prices for feed grains fell back.
CBOT Weekly: Market choppy as funds continue to build shorts
Reading Time: 2 minutes Despite a weakened United States dollar on July 17, activity in the grains at the Chicago Board of Trade was choppy, according to broker Ryan Ettner of Allendale Inc. in McHenry, Ill. Added to that, Ettner pointed out the speculative funds resumed accumulating very large short positions in corn and soybeans.
Pulse Weekly: Harvest pressure approaches, expecting market to bounce back
Reading Time: 2 minutes With the peas harvest in Alberta about a month away, prices have been beginning to slip back according to Kyle Sinclair, chief executive officer for Producer Profit in Lacombe, Alta.
ICE Canada Weekly: Canola likely to fall back
Reading Time: < 1 minute The Canadian oilseed began to pull back on July 8 as it became caught up in a selloff in the global oilseed market. The November contract finished at C$658.20 per tonne on July 5, gaining more than C$31 on the week. However, by the close on July 10, that contract dropped to C$617.90.
Alberta crops doing quite well
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.
Saskatchewan’s crops remain in good shape, but are still behind
Reading Time: 2 minutes Although crop conditions in Saskatchewan were good, the province’s latest crop report said development continued to fall behind normal for this time of year. Saskatchewan Agriculture pointed to the cooler temperatures and wet conditions as why development has been slower this year.
Diverging weather between Prairies, Midwest
Reading Time: < 1 minute Weather conditions across the Canadian Prairies and the United States Midwest will likely take somewhat different paths during the first half of July, according to Drew Lerner, president of World Weather Inc. in Overland Park, Kan.