Reading Time: < 1 minute MarketsFarm — As Malaysian palm oil continues to increase in price due a shortage, it has led to a rally in canola on ICE Futures, said Wayne Palmer of Exceed Grain in Winnipeg. The shortage stems from dry conditions in Indonesia and Malaysia, the world’s top two palm oil producers. While the dryness has been […] Read more
ICE weekly outlook: Palm oil shortage leads to canola rally
Prairie cash wheat: Bids steady to lower
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were lower for the week ended Thursday. Canada Western Red Spring (CWRS) wheat had larger declines, while Canada Prairie Spring Red (CPSR) and durum (CWAD) were steady to lower. The Canadian dollar dropped almost a half cent during the week. Average CWRS (13.5 per cent protein) wheat prices […] Read more
U.S. propane bottlenecks not affecting Canada
Reading Time: 2 minutes MarketsFarm — Despite ongoing shortfalls of propane in some areas of the U.S. Midwest, the situation doesn’t appear to be adversely affecting Canada, according to the Canadian Propane Association. The late harvest in the Midwest has been further hampered by wet conditions, forcing farmers to dry their grain before putting it in the bin. As […] Read more
Feed weekly outlook: Prolonged Prairie harvest pushes up grain prices
Reading Time: < 1 minute MarketsFarm — A seemingly never-ending harvest across the Prairies has been responsible for a $10-$15 per tonne jump this month in feed grain prices, said Glen Loyns, general manager of JGL Commodities in Moose Jaw. “It’s probably gone up $5 this week,” Loyns said. This year’s extended harvest, coupled with large amounts of grain to […] Read more
U.S. books latest end to soy harvest in a decade
Reading Time: < 1 minute MarketsFarm —The U.S. Department of Agriculture (USDA), in its oilseed crops outlook issued Wednesday, said the country’s 2019 soybean harvest will wind up the latest in 10 years. As of Sunday, the overall U.S. soybean harvest stood at 85 per cent complete, according to USDA’s weekly crop progress report. The pace was two points behind […] Read more
Corn harvest a struggle for three U.S. states
Reading Time: 2 minutes MarketsFarm — With a significant amount of corn still in the fields on the U.S. northern Plains, the harvest may be grinding to a halt, according to MarketsFarm analyst Bruce Burnett. In particular, Burnett noted, the corn harvest has been further slowed by a propane shortage, which has caused issues for farmers trying to acquire […] Read more
Alberta harvest likely finished for 2019 in some regions
Reading Time: 2 minutes MarketsFarm – Alberta farmers managed to make some progress despite trying conditions of cold temperatures mixed with snow and rain, including some hail, according to the province’s latest weekly crop report. For the week ended Nov. 5, approximately 88.0 per cent of all Alberta crops were in the bin. That’s up from 80.9 per cent […] Read more
Latest USDA supply/demand report generates mixed results
Reading Time: 2 minutes MarketsFarm – In the United States Department of Agriculture’s (USDA) supply and demand report issued Friday, corn estimates were lowered from the October report and those for soybeans largely remained the same for the 2019/20 marketing year. There were some revisions for wheat as well. In the latest World Agriculture Supply and Demand Estimates (WASDE), […] Read more
Difficult Manitoba harvest nearing its end
Reading Time: 2 minutes MarketsFarm – In the latest and last weekly crop report for 2019 from Manitoba Agriculture, issued Nov. 5, the overall harvest reached 89 per cent complete province-wide However, it has continued to be a very tough slog for farmers as they contend with muddy fields, in which equipment has left deep ruts. In some areas, […] Read more
Action needed on trade talks, supply/demand report out Friday
Reading Time: < 1 minute MarketsFarm – There needs to be some kind of firm, tangible action when it comes to the partial trade agreement between the United States and China, said Steve Georgy of Allendale Inc. in McHenry, Ill. He pointed to China, which recently said it wants some of the tariffs the U.S. has on its imports to […] Read more
A message from April Stewart, Country Guide's Associate Editor
