Reading Time: < 1 minute The government agency called for a 50 to 60 per cent chance of above normal temperatures from July through September across most of the three Prairie provinces. The likelihood of warmer than normal temperatures is even higher in the rest of the country, especially in Quebec and the Atlantic provinces.
Seasonal outlook points to warm Canadian growing season
Manitoba crop weather/conditions varied
Reading Time: < 1 minute Mixed weather conditions across Manitoba over the Canada Day long weekend left some regions of the province dealing with excess moisture, with high winds and cool temperatures also affecting crop development, according to the latest provincial crop report.
U.S. pulse area tops early intentions
Reading Time: < 1 minute Farmers in the United States planted considerably more pulse crops in 2024 than originally projected, according to updated acreage data from the U.S. Department of Agriculture released June 28.
Canadian farmers plant more canola, less wheat than early intentions
Reading Time: < 1 minute Canadian farmers planted more canola and less wheat than originally intended, according to updated acreage estimates from Statistics Canada, released June 27.
Bearish bets rise in canola futures
Reading Time: < 1 minute Bearish bets in the ICE Futures canola market hit their highest level in three months in mid-June, as speculative fund traders added to their large net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
AAFC raises wheat exports call, tightens carryout
Reading Time: 2 minutes Canadian wheat exports in both the current crop year and the upcoming 2024/25 marketing year will likely end up above earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released June 20, that left the balance sheet for canola relatively unchanged.
Bovine bird flu reports still at zero in Canada
Reading Time: 2 minutes Results of a national testing program conducted by the Canadian Food Inspection Agency (CFIA) released June 18 showed no evidence of the highly pathogenic avian influenza (HPAI) in the country’s milk supply. "Commercially sold milk and milk products remain safe to consume," said a release from the CFIA and the Public Health Agency of Canada (PHAC). It was also noted that even if traces of the virus were found, the pasteurization process would have rendered them harmless.
Soybeans, corn trading sideways and watching weather
Reading Time: < 1 minute Soybean and corn futures at the Chicago Board of Trade both find themselves in relatively sideways trading ranges watching Midwestern weather forecasts to provide nearby direction.
Improved Canadian pest control product regulations proposed
Reading Time: 2 minutes Proposed amendments to Canada’s pest control product regulations (PCPR) will provide greater transparency while enhancing environmental protection, according to an announcement from Health Canada on June 17.
Canola fund short position climbs higher
Reading Time: < 1 minute As of June 11, 2024, the net managed money short position in canola futures came in at 99,252 contracts (1,950 long/101,202 short), which was up by roughly 30,000 contracts from the previous week.
A message from April Stewart, Country Guide's Associate Editor
