Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans rose for a fourth straight session on Monday, reaching a three-week high as hot, dry U.S. conditions fueled concerns over crop stress. Wheat fell as Ukraine sought new Black Sea avenues for export, adding pressure to corn futures. Markets were awaiting results from the annual Pro Farmer crop tour, […] Read more
U.S. grains: Soybeans run up to three-week high on hot, dry weather
Wheat eases on Ukrainian export efforts
Alberta farmers granted late AgriStability entry
Enrolment deadline now Sept. 29
Reading Time: 2 minutes Any Alberta producers who were considering AgriStability — but only in hindsight — for the income stabilization plan’s 2023 program year now have until Sept. 29 to apply. Ottawa and the province announced Aug. 4 that they’ve reopened the jointly-funded program, as wildfires and/or “extremely dry” growing conditions have dragged on many Alberta producers’ work […] Read more
Feed weekly outlook: Crop conditions, barley demand lower
Prices expected steady to lower for now
Reading Time: < 1 minute MarketsFarm — As combining operations begin, dryness continues to plague crops in many parts of Saskatchewan. But while crop conditions aren’t as bad as they were during the drought of 2021, according to trader Evan Peterson from JGL Commodities in Saskatoon, crops are still very parched. “Southern and western parts are very, very poor. But […] Read more
ICE weekly outlook: Canola prices ‘cheap’ but rangebound
Trade also watching U.S. soy complex
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, in choppy activity as traders wait to get a clearer picture on the size of this year’s crop. “Overall, canola is relatively cheap,” said Ken Ball of PI Financial in Winnipeg. He pointed to wide crush margins — over $200 per […] Read more
Manitoba’s crops continue to hold up
Hay yields generally below average; pasture conditions were deteriorating due to dryness
Reading Time: 2 minutes MarketsFarm – Timely rains in Manitoba have kept the province’s crops in relatively good shape, according to the latest crop report. Manitoba Agriculture said precipitation as of Aug. 1 amounted to as much as 73 millimeters around Zhoda in the southeast to 13 mm at The Pas in the north. Although several locales throughout the […] Read more
Saskatchewan crops a mixed bag
Some cereal crops beyond harvesting with plans to salvage for feed
Reading Time: 2 minutes Marketsfarm – There was a wide mixture of the results in the latest crop report from Saskatchewan Agriculture. Parts of the province were hobbled by drought conditions, while other areas received upwards to 40 millimetres of rain following a series of thunderstorms during the week of July 18 to 26. The desiccation of pulse crops […] Read more
At Ag in Motion: World may face wheat shortage this year
An analyst says millers should be getting antsy
Reading Time: 2 minutes Wheat is finally becoming a “sexy” crop after years of being the ugly duckling, an analyst says. Stephen Nicholson, global grains and oilseeds strategist for Rabobank, said a series of supply-side threats is making things exciting. Canada’s crops are withering in the fields. MarketsFarm is forecasting 30.4 million tonnes of all-wheat production, well below the […] Read more
Flax production to drop with fewer acres, dry conditions
'Prices are definitely going to be climbing'
Reading Time: < 1 minute MarketsFarm — As with other crops on the Canadian Prairies, flax has been struggling with the hot and dry conditions across the region. That said, Scott Shiels of Grain Millers Canada at Yorkton, Sask. noted there’s very little doubt when it comes to flax prices increasing during the course of 2023. Presently, old-crop flax was […] Read more
Much of Canada abnormally dry or in moderate drought
Southern Ontario among exceptions
Reading Time: 2 minutes MarketsFarm — In a stretch from the Atlantic to the Pacific Oceans, a wide swath of Canada was contending with dryness, according to the latest report from the Canadian Drought Monitor. As of June 30, about 60 per cent of the country was abnormally dry to being in a moderate drought, with 76 per cent […] Read more
Manitoba sunflowers doing well with fewer acres
Few pest, weed problems appear so far
Reading Time: 2 minutes MarketsFarm — Despite fewer acres under hot and dry conditions, things are going well for Manitoba’s sunflower crop. Out of the 88,000 acres planted for sunflowers across Canada, 77,000 of them are in Manitoba, according to Statistics Canada’s (StatCan) principal field crop acreage estimates released June 28. Both figures represent the fewest number of acres […] Read more
A message from April Stewart, Country Guide's Associate Editor
