Crops & Crop Production Guide

All provinces saw a rise in total receipts, with the strongest growth reported in Saskatchewan. Photo: Thinkstock

Canadian farm cash receipts rise in 2022, but so do inputs

By Phil Franz-Warkentin November 28, 2023

Reading Time: 3 minutes MarketsFarm – Canadian farmers brought in more money in 2022 compared to the previous year, but their expenses were also up resulting in a 7.7 per cent drop in realized net income to $11.8 billion, according to the latest farm income data from Statistics Canada. Data for the first three quarters of 2023 shows another […] Read more

Canola, Crops, Markets

Speculators buy back bearish canola bets in latest report

Funds reduce net long in soybeans

By Phil Franz-Warkentin November 28, 2023

Reading Time: < 1 minute MarketsFarm — Fund traders were actively covering bearish bets in canola during the week ended Nov. 21, buying back some previously placed short positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). The report was delayed due to the U.S. Thanksgiving holiday. As of Nov. 21, 2023, […] Read more

CBOT March 2024 soft red winter wheat with 20-day moving average, MGEX March 2024 hard red spring wheat (yellow high/low/close) and K.C. March 2024 hard red winter wheat (orange H/L/C). (Barchart)

Crops, Markets, Reuters

U.S. grains: CBOT wheat futures hit contract lows

March corn falls 1.7 per cent, soybeans touch three-week low

By Brendan Obrien November 28, 2023

Reading Time: 2 minutes Chicago | Reuters — Chicago grain and soybean futures tumbled on Monday after the Thanksgiving holiday weekend, pressured by slow demand and technical selling and as traders liquidated positions ahead of Thursday’s first notice day for deliveries. Chicago Board of Trade March and May corn futures and all wheat contracts fell to contract lows while […] Read more

Crops, Markets, Spring Wheat

Prairie cash wheat: Prices fall back, more so for CWRS, CPSR

MGEX, K.C. wheats down on week

By Glen Hallick - MarketsFarm November 27, 2023

Reading Time: 2 minutes MarketsFarm — Wheat prices across the Prairies lost ground during the week ended Nov. 23, with Canada Western Red Spring and Canada Prairie Spring Red wheats incurring larger declines than those for durum. Minneapolis and Kansas City wheat futures pulled back during the week, but Chicago nudged up a little. Ongoing issues with lacklustre U.S. […] Read more

CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans fall as rain benefits top supplier Brazil

Most-active K.C. wheat reaches July 2021 low

By Tom Polansek November 25, 2023

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures tumbled on Friday under pressure from favourable rains in Brazil, the biggest global supplier, analysts said. The market has pulled back about five per cent since jumping last week to its highest price since August amid concerns over hot, dry weather reducing output in northern […] Read more

Crops, Markets, Reuters, Spring Wheat

China’s COFCO says it imported Canadian durum for first time

China's imports usually involve pasta or durum flour instead

By Reuters November 24, 2023

Reading Time: 2 minutes Beijing | Reuters — Chinese state-run food group COFCO Group said it had imported Canadian durum wheat for the first time for processing into flour, a departure from China’s usual practice of importing finished durum flour or pasta. “This direct import of durum wheat has enriched the structure of China’s imported wheat varieties, facilitated the […] Read more

Crops, Machinery

Ottawa lines up with farmers on right-to-repair

Feds to call for owners to be able to repair their own equipment

By Jeff Melchior November 24, 2023

Reading Time: 3 minutes The federal government says it’s siding with Canadian farmers on the right-to-repair debate. An announcement this week from the federal government called for an adjustment to the Competition Act that would prevent manufacturers from refusing to provide the means of device and product repair in an “anti-competitive manner.” That declaration came in the government’s 2023 […] Read more

Barley, Crops, Markets

Feed weekly outlook: Weak demand for barley

Cost of corn DDGS may favour barley

By Glen Hallick - MarketsFarm November 24, 2023

Reading Time: < 1 minute MarketsFarm — As demand for barley remains limp, it has become rather difficult to move the feed grain, according to Darcy Haley of Ag Value Brokers in Lethbridge. “There’s just no demand. We did barley March 10 at $320 per tonne, and in April through to July it traded at $328. That’s $7-$10 cheaper than […] Read more

A soybean field north of St. Adolphe, Man. on Sept. 17, 2023. (Dave Bedard photo)

Crops, Markets

CBOT weekly outlook: The three main factors affecting soybeans

'Here at $13.60, we're 70 cents overpriced'

By Adam Peleshaty November 23, 2023

Reading Time: 2 minutes MarketsFarm — Soybean prices on the Chicago Board of Trade (CBOT) are being pulled by three main factors, according to a trader. Ryan Ettner from Allendale Inc. in McHenry, Ill. explained that erratic weather in Brazil and Argentina is having a major effect on soybean prices, as well as Chinese demand for U.S. soybeans and […] Read more

Toby checks out a southern Manitoba sunflower field in this file photo. (Glen Hallick photo)

Crops

Manitoba sunflower yields better than anticipated

Some crops may be left over winter

By Glen Hallick - MarketsFarm November 23, 2023

Reading Time: 2 minutes MarketsFarm — With most of Manitoba’s sunflower harvest believed to be almost complete for 2023, yields have proven to be better than expected, according to Dennis Lange at Manitoba Agriculture. “I’ve heard good comments from some in the industry that the sunflower crop looks pretty good this year,” Lange said, noting Manitoba yields were estimated […] Read more

Daily Network News

Canadian cattle herd sees first annual increase since 2018

Olymel parent company sees increased earnings in 2025

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