Reading Time: 2 minutes MarketsFarm — This year’s canary seed crop in Canada will be smaller than expected, according to Darren Yungmann, board chair of the Canary Seed Development Commission of Saskatchewan. “Overall, canary seed is one of the most susceptible to the drought when compared to other crops,” he said, noting it’s shallow-rooted and could not access any […] Read more
Canary seed prices rise as production drops
U.S. spring wheat crop down sharply in 2021
Reading Time: < 1 minute MarketsFarm — Spring wheat production in the United States was down sharply in 2021, according to the latest annual small grains report from the U.S. Department of Agriculture. Total spring wheat production was pegged at 9.01 million tonnes by the government agency, down 44 per cent from the 15.99 million tonnes grown the previous year. […] Read more
Pulse weekly outlook: Pea protein in demand despite falling yields
Reading Time: 2 minutes MarketsFarm — Very few crops took more of a hit during the drought-stricken summer of 2021 than dry peas. Meanwhile, firm international demand and tightening stocks will raise pea prices even higher. According to Agriculture and Agri-Food Canada’s (AAFC) latest field crop estimates released Friday, pea production dropped 45 per cent at 2.527 million tonnes […] Read more
‘Perfect storm’ causes fertilizer price spikes
'Most of us are in a "wait-and-see" position'
Reading Time: 2 minutes MarketsFarm — Fertilizer prices have increased over the past year, but could be headed even higher as a recent confluence of events has caused a shortage — the effects of which may affect producers past the New Year. “Particularly, in the last few weeks, there have been a number of supply events which have really […] Read more
Grains council tweaks numbers in latest supply and demand data
Reading Time: < 1 minute MarketsFarm — The International Grains Council (IGC) released its monthly supply and demand report Thursday, projecting a six million-tonne increase in total global grain production at 2.289 billion tonnes in 2021-22. That change consisted of a seven million-tonne increase in global corn production, offset by a one million-tonne decrease in world wheat output. Soybean production […] Read more
Aurora Cannabis to shut one Edmonton plant
Reading Time: < 1 minute Reuters — Aurora Cannabis said Tuesday it will shut down a facility at Edmonton, adding to the woes of the cash-strapped Canadian pot producer which has been reeling under the impact of the pandemic since last year. The company said medical distribution from the Aurora Polaris facility that is being shut down will move to […] Read more
Grain exports running well behind year-ago pace
Prices, low stocks keep lid on demand
Reading Time: < 1 minute MarketsFarm — Canadian grain exports are running well behind the year-ago pace through the first few weeks of the 2021-22 marketing year, as smaller supplies and high prices limit offshore demand. Total exports of all of the major grains, oilseeds and pulses as of Sept. 12 of 3.162 million tonnes are down by about 2.1 […] Read more
U.S. grains: Corn, soybeans climb
Wheat up on global supply concerns
Reading Time: < 1 minute Chicago | Reuters — Chicago corn futures climbed on Wednesday, supported by strength in the crude oil market and firming wheat futures. Wheat climbed as Russia joined France and Canada this week in reducing its production forecast for wheat at a time of strong global demand. Soybeans firmed, though gains were limited as canceled exports […] Read more
Prairie crops downgraded in latest StatsCan estimates
Corn, soybean crops upsized from previous report
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
USDA’s September supply/demand data contain few surprises
Reading Time: 2 minutes MarketsFarm — There was few, if any, surprises to be found for grain traders in the latest supply and demand report from the U.S. Department of Agriculture (USDA). The September world agriculture supply and demand estimates (WASDE) was pretty much stand-pat in terms of U.S. corn and soybeans, according to trader Andrew Mages of Progressive […] Read more
A message from April Stewart, Country Guide's Associate Editor
