Reading Time: 2 minutes MarketsFarm — Drought conditions across Canada’s Prairies cut into yields throughout the region in 2021, with production of most of the major crops downgraded by Statistics Canada in updated crop estimates released Tuesday. Using satellite imagery, the government agency now sees total canola production for the 2021-22 crop year at 12.78 million tonnes, which compares […] Read more
Prairie crops downgraded in latest StatsCan estimates
Corn, soybean crops upsized from previous report
Drought maps show little change at end of August
Reading Time: < 1 minute MarketsFarm — Much of Western Canada remained in some state of drought at the end of August despite widespread rains late in the month, according to updated maps compiled by Agriculture and Agri-Food Canada. The area mapped out as dealing with ‘exceptional drought’ in south-central Manitoba’s agricultural regions contracted slightly compared to the previous month […] Read more
Pulse weekly outlook: Chickpeas find high-priced silver lining
Reading Time: 2 minutes MarketsFarm — Like many other crops across Western Canada, chickpeas weren’t immune to hot and dry growing conditions over the summer. This year’s domestic chickpea crop is only expected to weigh in at 63,000 tonnes, according to Statistics Canada — less than one-third of the five-year average of 189,600 tonnes. In Saskatchewan, some parts of […] Read more
Thunder Bay reports rare inbound grain shipment
Reading Time: < 1 minute MarketsFarm — Grain movement at the Port of Thunder Bay included a rare inbound cargo of feed wheat, according to the port’s latest monthly report. A 12,000-tonne shipment of feed wheat was delivered to Richardson’s Current River elevator from the company’s facility in Hamilton, Ont. The wheat was said to be destined for Manitoba feedlots, […] Read more
Make the best of a bad year with astute grain marketing
Soaring wheat prices could go higher still, but get advice and be nimble, say market watchers
Reading Time: 5 minutes Glacier FarmMedia – Drought conditions across Western Canada and elsewhere have driven wheat yields down — and wheat prices up. “I’m having trouble remembering any time in history where we have seen prices for fall delivery ahead of harvest this high,” said Mike Jubinville, senior market analyst with MarketsFarm. “It’s not the all-time record high for […] Read more
Crop insurance in Manitoba prepared for hefty drought payouts this year
The program, founded in 1960, is designed to be actuarially sound
Reading Time: 4 minutes Glacier FarmMedia – There’s enough money to cover Manitoba crop insurance payouts in the wake of this year’s drought, the worst in years, says David Van Deynze. Despite an early harvest due to dry and hot growing conditions, Van Deynze, chief product officer with the Manitoba Agricultural Services Corporation (MASC), which administers the federal-provincial program, says it’s […] Read more
Smaller crops anticipated in looming StatsCan report
Survey-based data due out Monday
Reading Time: 2 minutes MarketsFarm — Heat and drought across Western Canada during the summer of 2021 seriously cut into the country’s crop production, raising traders’ expectations for reduced yields across the board when Statistics Canada on Monday releases its first production estimates of the year. Canola production is estimated at 11.5 million to 16 million tonnes, which would […] Read more
Ag department lowers crop production, export estimates
Expectations knocked down for most major Prairie crops
Reading Time: 2 minutes MarketsFarm — Canadian crop production will be down significantly in the 2021-22 marketing year, cutting into exports for all of the country’s major grains, oilseeds and pulse crops. That’s the estimation from the latest supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Thursday. Total field crop production for all crops is forecast to decrease […] Read more
U.S. grains: Corn climbs on weaker crop conditions
Soybeans mixed, wheat eases
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures climbed on Wednesday for a second day after the U.S. Department of Agriculture cut crop ratings on Monday afternoon, though beneficial rainfall across parts of the upper U.S. Midwest limited gains. Soybeans ended higher after the market made its biggest daily gain since late June on Tuesday, with […] Read more
Afghanistan ‘marching towards starvation,’ UN food chief says
Reading Time: 2 minutes Doha | Reuters — Millions of Afghans could soon face starvation due to a combination of conflict, drought and the coronavirus pandemic, the executive director of the World Food Programme said on Tuesday, calling on political leaders to act fast. “There’s a perfect storm coming because of several years of drought, conflict, economic deterioration, compounded […] Read more
A message from April Stewart, Country Guide's Associate Editor
