Reading Time: < 1 minute MarketsFarm — Expectations for canola production in Canada were revised downward Friday by Agriculture and Agri-Food Canada (AAFC). AAFC has now estimated Canadian farmers will produce 18.575 million tonnes of canola in 2019, down about 8.7 per cent from its previous estimate. Earlier this week, MarketsFarm analyst Bruce Burnett predicted canola production would be down […] Read more
Federal report expects canola output down, wheat up
CBOT weekly outlook: Market stuck in range until acreage report
Reading Time: < 1 minute MarketsFarm — Until the U.S. Department of Agriculture issues its next acreage report, expect the Chicago Board of Trade to remain stuck within a range, a trader said. “Until the August report and the USDA verifies the plenty of preventative planting acres, and if August happens to be hot and dry side, I can expect […] Read more
ICE weekly outlook: Not much faith in USDA’s WASDE
Reading Time: 2 minutes MarketsFarm — For one trader, the monthly world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA), aren’t something he spends a lot of time dealing with. “I don’t put a lot of faith in them,” said David Derwin of PI Financial in Winnipeg. This month’s WASDE could be something toward […] Read more
Variable rate application good for soil, farmers’ bottom lines
Reading Time: 2 minutes MarketsFarm — For Saskatchewan farmer Terry Aberhart and research scientist Alan Moulin, variable rate (VR) application is a no-brainer. In representing Sure Growth Solutions Inc. at the Global Cash Crop Conference in Winnipeg on Wednesday, Aberhart explained the cost savings farmers can achieve by applying different amounts of fertilizer. “The mentality is, if you want […] Read more
Feed weekly outlook: Prices fall with rain
Reading Time: < 1 minute Feed grain prices for Lethbridge’s feedlot alley took a tumble after parts of the Prairies received some much-needed rain. Jim Beusekom, president of Market Place Commodities in Lethbridge, said barley and wheat prices recently dropped. Barley was around $285-$290 per tonne in the area, down about $10 from the week ending June 21. Wheat was […] Read more
CBOT weekly outlook: USDA’s acreage report could push up prices
Reading Time: 2 minutes MarketsFarm — At least one analyst predicts the U.S. Department of Agriculture’s next acreage report, due out Friday, could have a bullish effect at the Chicago Board of Trade. “If we come in near trade expectations for the (soybeans), it might be supportive,” said Terry Reilly, grains analyst with Futures International in Chicago. Trade expectations […] Read more
ICE weekly outlook: Weather the main factor in canola bids
Reading Time: 2 minutes MarketsFarm — Forecasts of rain for Western Canada will certainly help canola in terms of growing this year, said David Derwin of PI Financial in Winnipeg. “I spoke with several farmers from across the Prairies who said we got some good rains, a few who didn’t, but by in large, it’s good and the forecasts […] Read more
USDA makes some changes to Canadian, world crop estimates
Reading Time: 2 minutes MarketsFarm — Corn planting in Canada has been a struggle this year much like for farmers in the U.S., according to Tuesday’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). USDA’s May WASDE report estimated Canadian corn production at 15.4 million tonnes, but wet conditions in Eastern Canada saw […] Read more
Ginseng exports not in trouble as claimed
Reading Time: < 1 minute MarketsFarm — China has not halted its ginseng imports from Canada despite allegations to the contrary, a spokesperson from Ginseng Ontario says. Rebecca Coates, executive director for Ginseng Ontario, said China is only one of many export destinations for Canadian-grown ginseng. Other major buyers include Hong Kong, Taiwan, Singapore and Europe. An official from another […] Read more
CBOT weekly outlook: What happens with corn, will happen to soybeans
Reading Time: < 1 minute MarketsFarm — Although there were no major changes to soybeans in June’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture, the commodity’s price shot up on the Chicago Board of Trade. USDA on Tuesday issued its monthly WASDE report, in which estimated U.S. corn production was lowered by nine per […] Read more
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