Crops & Crop Production Guide

U.S. grains: Corn, soy fall as traders await Chinese buying

By Tom Polansek January 21, 2020

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures weakened and soybeans touched a five-week low on Tuesday as traders awaited confirmation that China has started to buy more U.S. crops after the countries signed an initial trade deal last week. Most actively traded wheat futures hit their highest price since August 2018 at the Chicago Board […] Read more

Crops, Markets

Flax prices likely to remain flat

By Glen Hallick - MarketsFarm January 21, 2020

Reading Time: 2 minutes MarketsFarm — Although autumn snowfall limited the quality of a lot of Prairie flax, its price has remained flat, according to Brian Johnson of Johnson Seeds at Arborg, Man. While Johnson has seen some instances of No. 1 flax, he said most of what he’s seen has graded Nos. 2 and 3. “The premiums are […] Read more

Crops, Reuters

China certifies three domestic GM traits

By Reuters January 21, 2020

Reading Time: < 1 minute Beijing | Reuters — China’s agriculture ministry issued biosafety certificates on Tuesday for domestically grown, genetically modified (GM) corn and soybean traits, moving closer to commercialization of GM grain production in the world’s top market. The certificates, valid from Dec. 2, 2019 until Dec. 2, 2024, were granted to a corn trait developed by Beijing […] Read more

Cereals, Crops, Markets

Tighter supplies, solid demand underpin durum bids

By Phil Franz-Warkentin - MarketsFarm January 20, 2020

Reading Time: 2 minutes MarketsFarm — Tighter global supplies are keeping the Canadian durum market well supported this winter, with firmer prices likely when the Port of Thunder Bay reopens for the spring. “We’re seeing a very strong export demand for durum,” said Jerry Klassen, manager of Canadian operations for Swiss-based GAP S.A. Grains and Products in Winnipeg. Canada […] Read more

Crops, Machinery, Weather

Green Party backs grain drying exemption from carbon tax

By GFM Staff January 20, 2020

Reading Time: 2 minutes One of the federal opposition parties in full favour of carbon pricing is lending its support to calls by farm groups for a carbon tax break for grain drying. Vancouver Island MP Paul Manly, the Green Party’s caucus critic for agriculture, announced the party’s position Monday. “We support the grain producers of Canada in their […] Read more

Crops, Machinery

AGI buys ag business management software muscle

By GFM Staff January 20, 2020

Reading Time: 2 minutes Grain handling equipment maker Ag Growth Industries (AGI) plans to level up on its SureTrack farm management software platform with a deal for another Canadian player in the same business. Winnipeg-based AGI announced Thursday it has bought all outstanding shares in Oakville, Ont.-based Affinity Management Ltd., developer of the Compass brand of farm and agribusiness […] Read more

Crops

Alberta’s Crop Management Network expands reach

By GFM Staff January 19, 2020

Reading Time: < 1 minute A crop input dealer northwest of Edmonton is the newest link in the Crop Management Network ag retail chain. CMN, whose chain includes retailers in seven other central Alberta communities, said Thursday it has purchased the assets of Dow Fertilizer, which operates sites at Onoway and Mayerthorpe, effective Jan. 9. “We are very excited to […] Read more

Canola, Crops

CGC revises domestic canola usage downward

By Phil Franz-Warkentin - MarketsFarm January 17, 2020

Reading Time: < 1 minute MarketsFarm — Domestic canola demand remained well ahead of exports in the latest Canadian Grain Commission report for the week ended Sunday — but revisions to data now show the crush pace is not quite as active as reported earlier in the month. The original data for the week ended Jan. 5 showed domestic disappearance […] Read more

Crops, Markets, Spring Wheat

Prairie cash wheat: Bids mostly lower

By Marlo Glass – MarketsFarm January 17, 2020

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mostly lower for the week ended Friday. Losses were observed in Canada Western Red Spring Wheat (CWRS) and Canada Prairie Spring Red (CPSR), with durum (CWAD) slightly higher. Average CWRS (13.5 per cent protein) wheat prices were down by about 50 cents to $1 per tonne, according […] Read more

Canola, Crops, Markets

Funds shift to long side in soybeans, covering canola shorts

By Phil Franz-Warkentin - MarketsFarm January 17, 2020

Reading Time: < 1 minute MarketsFarm — Fund traders moved to a small net long position in soybeans and reduced their overall short position in canola during the second week of January, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came […] Read more

Chinese meat packing giant locks in JBS supply

Virus concerns add more uncertainty to cattle market

U.S. grains: Corn, soy, wheat fall on coronavirus fears

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