Reading Time: 2 minutes As Drew Lerner stood by his weather outlook for the strong likelihood of below normal rainfall and above normal temperatures this summer for the Canadian Prairies, along with the United States Midwest and Plains, he has now slightly moderated that long range forecast. About a month ago, the president of World Weather Inc. in Overland […] Read more
Weather forecaster tweaks outlook for Prairies, Midwest
Attaché projects small increases in Argentina soybeans
Reading Time: 2 minutes Soybean production in Argentina has been projected to increase slightly in 2024/25, according to the United States Department of Agriculture attaché in Buenos Aires.
ICE Canada Weekly: Almost no chance of bullish path for canola
Reading Time: 2 minutes There are simply too many bearish factors that continue to weigh on canola values, leaving the oilseed unable make any sort of turnaround in early May, according to Tony Tryhuk of RBC Dominion Securities in Winnipeg.
CBOT weekly outlook: May futures winding down, coming rains factor into prices
Reading Time: 2 minutes As the last full of week of April is set to wind down, two factors will determine the course of United States soybean, corn and wheat futures. Those are the rain forecast for the weekend of Apr. 27 and 28, and last day for May futures on Apr. 26, according to hedging strategist Scott Capinegro of AgMarket.net.
AAFC makes a few tweaks in Apr S&D report
Reading Time: < 1 minute Agriculture and Agri-Food Canada made a small amount of changes in its April supply and disposition report released on Apr. 19. Of the changes made, nearly all were slight adjustments to its pulse and special crop numbers.
Feed Grain Weekly: Prices in holding pattern for now
Reading Time: 2 minutes With farmers across Western Canada getting ready to plant their crops or they have already made a few rounds in the field, feed grain prices across the Prairies remained in a holding pattern, according to Jerry Klassen of Resilient Capital in Winnipeg, Man.
Prairie Wheat Weekly: Weaker loonie generates increases
Reading Time: 2 minutes There were small to modest gains in wheat prices on the Canadian Prairies for the week ended Apr. 18. Canadian Western Red Spring Wheat, Canada Prairie Red Spring Wheat, and Canadian Western Amber Durum made advances despite losses in the United States wheat complex.
USDA, Conab widely differ on Brazil soybeans
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.
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.