Crops & Crop Production Guide

ICE January 2024 canola with 20- and 200-day moving averages and nine-day exponential moving average. (Barchart)

ICE weekly outlook: Purely technical canola market trending up

Activity expected thin until next week

By Phil Franz-Warkentin November 23, 2023

Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market moved within a wide range during the week ended Wednesday, hitting some of its best levels in a month before running into resistance at the highs. With traders in the United States moving to the sidelines for the U.S. Thanksgiving holiday, activity should be thin and choppy until […] Read more

CBOT January 2024 soybeans with Bollinger bands (20,2). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Soybeans tumble on downpours in drought-stricken Brazil

Wheat rises after Russian attack on Ukraine port; CBOT corn eases

By Brendan Obrien, Reuters November 23, 2023

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures lost more than one per cent on Wednesday as rain fell in Brazil, easing worries over the persistent dryness and heat that has plagued crops in the top exporting nation, analysts said. Wheat rose on shipping concerns in the Black Sea after Russia’s strike on port infrastructure, while […] Read more

File photo of a desk in Canada’s Senate. (Dougall_Photography/iStock/Getty Images)

Crops, Machinery

Internal dispute over privilege, bullying allegations ties up C-234

New amendment to farm fuel bill now under debate

By Dave Bedard November 22, 2023

Reading Time: 3 minutes A proposed amendment, and a dispute over senatorial behaviour, further geared down progress Tuesday of a federal private member’s bill to carve out a carbon tax exemption for grain drying and heating of barns and greenhouses. Bill C-234, which passed the House of Commons in late March, remained on the Senate’s order paper for debate […] Read more

Crops, Markets

AAFC tweaks crop supply/demand estimates in November report

Estimates hold for most exports

By Glen Hallick - MarketsFarm November 22, 2023

Reading Time: 2 minutes MarketsFarm — Agriculture and Agri-Food Canada has slightly adjusted its supply/demand estimates for November. AAFC published its latest Outlook for Principal Field Crops on Tuesday. Of Canada’s major crops, the department left the 2023-24 ending stocks for canola at one million tonnes and all wheat at 3.6 million, while all other reported crops were left […] Read more

File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Crops, Markets, Peas

Pulse weekly outlook: Pea prices beginning to weaken

'Increased export competition' seen

By Glen Hallick - MarketsFarm November 22, 2023

Reading Time: 2 minutes MarketsFarm — With increased export competition, pea prices in Western Canada have slipped back, according to Levon Sargsyan of Johnston Grains in Calgary. “We are hearing that China slowed their imports down from Canada, which is driving the current decrease in prices,” Sargsyan said. “They have increased their imports from countries like Russia, which is […] Read more

File photo of sunset over port facilities at Odesa. (Mixarde/iStock/Getty Images)

Crops, Reuters

Ukraine could fail to meet future wheat demand if attacks continue, UN agency warns

Report shows 31 attacks on grain facilities since mid-July

By Michelle Nichols November 22, 2023

Reading Time: 2 minutes United Nations | Reuters — The United Nations World Food Programme (WFP) warned on Tuesday that Ukraine’s wheat production may be unable to meet domestic and export demand in the years to come if Black Sea export routes remain blocked and attacks on food infrastructure continue. WFP’s Ukraine director, Matthew Hollingworth, said a forthcoming report […] Read more

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

Crops, Markets, Reuters

U.S. grains: Chicago soybeans rise on Brazil’s weather woes

Wheat up more than two per cent on Russian strike in Ukraine; corn finishes slightly higher

By Brendan Obrien November 22, 2023

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended higher on Tuesday as Brazil’s torrid, crop-threatening weather conditions remained a prime worry for the market, despite rains over the last couple of days. Wheat futures also rose more than two per cent after a Ukrainian official said that Russian forces struck port infrastructure on one of […] Read more

Crops, Markets, Reuters

U.S. grains: CBOT soybeans jump after insufficient Brazil rains

Wheat down more than one per cent

By Brendan Obrien, Reuters November 20, 2023

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rose two per cent on Monday, supported by brutally hot weather in Brazil that is likely to continue to stress crops despite some rains over the weekend coupled with the results of Sunday’s presidential election in Argentina. Chicago Board of Trade (CBOT) corn rose more than 0.5 per […] Read more

Canola, Crops, Markets

Large speculative short position in canola dips slightly

Net long in CBOT soybeans increases

By Phil Franz-Warkentin November 20, 2023

Reading Time: < 1 minute MarketsFarm — The large managed money short position in canola futures dipped slightly during the week ended Nov. 14, as speculators bought back some of their bearish bets, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Nov. 14, the net managed money short position in […] Read more

Crops, Markets, Spring Wheat

Prairie cash wheat: Bids ease off

U.S. wheat futures turn lower

By Adam Peleshaty November 20, 2023

Reading Time: 2 minutes MarketsFarm — Bids for western Canadian wheat were down all around for the week ended Thursday, with Canada Prairie Spring Red (CPSR) wheat having the largest losses. U.S. wheat futures were lower as export sales continued to be weak. For the week of Nov. 3-9, 176,300 tonnes were sold for export, down 50 per cent […] Read more

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