Reading Time: < 1 minute MarketsFarm — Supply/demand balance sheets for Canada’s major crops only saw minor adjustments in the latest update Tuesday from Agriculture and Agri-Food Canada, with hot and dry growing conditions leading to “significant uncertainty” on the state of the country’s 2021-22 crops. Total field crop production in the country was forecast to decrease due to a […] Read more
Hot, dry weather creates ‘significant uncertainty,’ AAFC says
Don’t cut canola too soon
Swathing at 30 per cent seed colour change is so 1980s. Recent surveys show it’s better to wait until 60 per cent — or later
Reading Time: 5 minutes In late 2020, the Canola Council of Canada surveyed 1,000 canola farmers from Manitoba, Saskatchewan and Alberta to check in on common practices. One notable finding is that 10 per cent of respondents still target 30 per cent seed colour change on the main stem when swathing canola. Another 26 per cent target 31-50 per […] Read more
U.S. grains: Wheat posts biggest weekly climb in six years
Weather woes in North America, Russia, Europe spur concerns
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rose about three per cent on Friday and recorded their largest weekly gain in six years as parched conditions for North American spring wheat and adverse weather in Europe and Russia stoked concern about global supplies. Soybean futures ended higher on uncertainty about U.S. crop weather, while corn […] Read more
Fall herbicide application timing in canola
To control perennial weeds in canola, there are benefits to both pre- and post-harvest control options — the deciding factor could be tied to your goals
Reading Time: 5 minutes Glacier FarmMedia – When deciding between a pre-harvest or post-harvest spray application to control tough perennial weeds, there are always some key considerations for farmers. The extent of the weed problem and harvest timing are important ones, of course, but other factors such as herbicide cost and killing frost also play into the decision. To […] Read more
ICE weekly outlook: $1,000 canola not a guarantee
Reading Time: < 1 minute MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the same breath the November contract […] Read more
Net long position in canola nears lowest level of past year
Reading Time: < 1 minute MarketsFarm — The managed money net long position in canola has edged down over the past few months, moving to its lowest level in nearly a year in the latest commitment of traders report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position […] Read more
ICE weekly outlook: Expensive canola required
Reading Time: < 1 minute MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 million tonnes, well below the […] Read more
ICE weekly outlook: Volatility to come for canola market
'Tighten up your seatbelt'
Reading Time: < 1 minute MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more
U.S. grains: Corn, soy mixed ahead of plantings, stocks reports
Canadian farmers expand canola acres
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures were mixed on Tuesday as traders adjusted positions ahead of key U.S. reports on crop plantings and inventories. The U.S. Department of Agriculture on Wednesday is expected to increase its estimate for corn plantings by about three per cent from March, according to […] Read more
Canada’s canola acres up from earlier forecast
Wheat acres up; barley, oats, corn revised lower
Reading Time: 2 minutes MarketsFarm –– Canadian farmers seeded more canola in 2021 than originally intended, with a number of other crops also seeing adjustments higher as dry weather through the planting season allowed for a fast seeding pace. In its June estimates of principal field crop areas, released Tuesday, Statistics Canada pegged total canola planted area at 22.5 […] Read more
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