Reading Time: 2 minutes MarketsFarm — Significant precipitation through May relieved drought conditions across parts of the Prairies, while other areas remained significantly dry, according to the latest assessment from the Canadian Drought Monitor as of May 31. This precipitation improved soil moisture conditions for the short-term, decreasing the area of moderate (D1) and severe drought (D2) in central […] Read more
Drought conditions improve in May for some of Prairies, not all
Pulse weekly outlook: Manitoba crops emerge despite dry soils
Beans 'tougher than people think'
Reading Time: 2 minutes MarketsFarm — While Manitoba continues to deal with drought conditions in many growing areas, planting of pulses and soybeans is near done and some pulses are starting to emerge. “Pea and fava bean seeding wrapped up a while ago,” said Cassandra Tkachuk, production specialist for Manitoba Pulse and Soybean Growers (MPSG). “Dry bean planting actually […] Read more
U.S. grains: Corn, soybeans mixed as traders eye weather
MGEX wheat down off highs on Prairie rains
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures ended mixed on Monday, with old-crop contracts easing on some profit taking while new-crop contracts rose on concerns that hot and dry conditions in key growing areas of the U.S. Midwest could threaten crops as they pass through key stages of development, traders said. “Forecasters expect […] Read more
U.S. grains: Corn futures drop on crop ratings
Soy rises, wheat mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures dropped 2.8 per cent on Wednesday, pressured by a government report that showed the condition of the U.S. crop was better than expected, traders said. Wheat futures were mixed, with contracts that track U.S. winter wheat falling while spring wheat rallied to a four-year high […] Read more
U.S. grains: Hot, dry weather view sparks rallies
Corn, soybeans, wheats up
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Tuesday, supported by concerns that crops will face stress from adverse weather during the next few weeks. “The grains exploded out of the gates last night and remain double-digits higher… as forecasts turn hot and dry through mid-month,” Arlan Suderman, chief commodities economist […] Read more
U.S. grains: Corn limit-up on export demand, short-covering
Soybeans follow corn higher, wheat also up
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures surged more than six per cent on Thursday in a technical-buying and short-covering bounce from one-month lows and as strong demand for feed grains supported prices. Soybeans followed corn higher, rising for the first time in eight sessions after hitting the lowest point in a month in the […] Read more
Prairie growers on lookout as insects seize opportunity
Dry conditions, delayed seeding lift pest counts
Reading Time: 2 minutes MarketsFarm — With most Prairie growers’ newly seeded crops already up against dry conditions, growers remain on the lookout for insects which further threaten the health of those seedlings. Considering the high prices of many crops this season, the potential damage would be more costly. John Gavloski, entomologist for Manitoba Agriculture, said there is a […] Read more
Klassen: Drier conditions will influence feeder market
Reading Time: 2 minutes The feeder market was hard to define this week. The quality of yearlings was quite variable. Fleshier types were heavily discounted while quality packages were unchanged from seven days earlier. Calf prices were mostly unchanged; however, values were down $4-$6 in drier pockets of southern Saskatchewan and southern Manitoba. Southern Alberta barley prices were quoted […] Read more
Forecast, flea beetles complicate canola timing
Dry conditions make ideal seeding time difficult to peg
Reading Time: 3 minutes Drought conditions, and the odds of more to come, have some Prairie canola growers pondering when to roll the dice on seeding, if they want to do more than feed the flea beetles. Small-seeded crops, such as canola, have garnered particular concern from agronomists and producers worried about germination, given power dry topsoil across much […] Read more
ICE weekly outlook: Rain needed to bolster canola crop
Reading Time: < 1 minute MarketsFarm | Rain — specifically, the lack thereof — is quickly becoming the key issue for canola values, according to Ken Ball of PI Financial in Winnipeg. Until now, dry conditions across much of the Prairies have not been much a factor in canola prices, he said. “We’ve got to get some rain in a […] Read more
A message from April Stewart, Country Guide's Associate Editor
