Reading Time: < 1 minute MarketsFarm — Canola futures finished up at Monday’s close, boosted by a weather premium after a low-pressure system brought considerable snowfall to parts of Alberta over the weekend. Snow was mostly concentrated in the southern region of the province. Calgary and surrounding areas received around 30 centimetres of snow, according to preliminary results from Environment […] Read more
Alberta snow further delays canola harvest, boosts prices
Snow to stall harvests for western Prairies, Montana
Reading Time: < 1 minute Chicago | Reuters — A weekend storm is poised to bring more than a foot (30.5 cm) of snow to parts of Montana and the Canadian Prairies, putting portions of the region’s spring wheat and canola crops at risk, a meteorologist said. Excessively wet conditions in the region this month have already slowed fieldwork and […] Read more
Feed weekly outlook: Barley’s slide slows as harvest drags
Reading Time: 2 minutes MarketsFarm — The slide in western Canadian feed grain prices over the past few months shows signs of slowing, as concerns over harvest delays supplant earlier concerns over large crops and quality downgrades. “The weather over the next week or so doesn’t look that great,” Allen Pirness of Market Place Commodities in Lethbridge said Thursday. […] Read more
Spring wheat futures rally on North American weather woes
Reading Time: 2 minutes MarketsFarm — Weather-related quality issues with North American spring wheat crops saw Minneapolis spring wheat futures rally sharply over the past three weeks, with more room to the upside as concerns mount over the state of the crop. The December contract hit a multi-year low of $4.865 per bushel at the beginning of September, but […] Read more
Pulse weekly outlook: Rains delay large Manitoba bean harvest
Reading Time: 2 minutes MarketsFarm — Manitoba farmers seeded their largest dry edible bean crop in more than a decade this spring, but adverse conditions are causing delays getting it off the fields. “Last week we had some substantial moisture in the Red River Valley,” pulse specialist Dennis Lange of Manitoba Agriculture said, noting the system brought up to […] Read more
U.S. grains: MGEX spring wheat rallies to highest since mid-June
Reading Time: 2 minutes Chicago | Reuters — MGEX spring wheat futures rallied for the fifth day in a row on Tuesday as farmers harvesting in the northern U.S. Plains found that wet conditions had lowered the quality of the crop there. “They are talking about protein levels really taking a hit with the wet weather,” said Mark Gold, […] Read more
U.S. grains: Soybeans down on China trade pessimism
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell more than one per cent on Friday to the lowest in a week on rising doubts about a breakthrough in U.S.-China trade talks and forecasts for favourable crop weather across the U.S. Midwest. Corn and wheat also declined, following soybeans, although both grains closed with modest weekly […] Read more
Canola deliveries slow as Prairies’ harvest drags
Reading Time: < 1 minute MarketsFarm — The slow pace of the canola harvest across Western Canada is limiting farmer deliveries into the commercial elevator system, with a large backlog yet to come. Farmers delivered 187,100 tonnes of canola into the commercial pipeline during the week ended Sunday (Sept. 15), according to the latest Canadian Grain Commission data. That marked […] Read more
Cash wheat: Bids up with U.S. futures, weak loonie
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada moved higher during the week ended Thursday, as gains in U.S. futures, weakness in the Canadian dollar and concerns over harvest delays in Western Canada all provided support. The Canadian dollar was down by roughly a third of a cent relative to its U.S. counterpart on the week. […] Read more
Feed weekly outlook: Market not bottomed yet
Reading Time: 2 minutes MarketsFarm — Falling feed grain prices in Western Canada have not hit the bottom just yet, especially as harvest delays lead to quality downgrades. “I would say it’s coming down quite a bit more,” said Mike Fleischhauer of Eagle Commodities in Lethbridge. The barley and wheat harvests are running behind normal in both Saskatchewan and […] Read more
A message from April Stewart, Country Guide's Associate Editor
