Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market moved lower during the week ended Wednesday, but activity was choppy as futures reacted to broad swings in global financial markets. While the looming growing season should be starting to garner some attention, the COVID-19 pandemic “has grabbed all of the headlines and all of the oxygen out […] Read more
ICE weekly outlook: Canola market floating headline to headline
Cold spring weather expected for Prairies
Reading Time: < 1 minute MarketsFarm — Temperatures in the Prairie provinces are expected to be colder than average this spring. “There’s no indication that temperatures will be above normal,” said Bruce Burnett, director of markets and weather for MarketsFarm in Winnipeg. Low temperatures will likely cause issues for seeding in areas of the Prairies that have received late-spring snowstorms. […] Read more
Feed weekly outlook: Strong demand supports prices
Reading Time: < 1 minute MarketsFarm — Feed grain prices on the Prairies have been stronger, and well supported by strong demand. Nelson Neumann of Agfinity in Lethbridge said strong feed barley prices were due to an uptick in exports from the Prairie provinces. “That provided a nice support to the price floor,” he said, noting market participants had previously […] Read more
Pulse weekly outlook: Prices mostly steady ahead of seeding
Reading Time: < 1 minute MarketsFarm — As farmers decide what to plant in 2020, Dale McManus of Johnston’s Grain at Welwyn, Sask. hasn’t seen any significant deviation from what producers normally buy for pulse seed. “Red lentils, green lentils, green and yellow peas,” McManus cited among the pulses being purchased. Also, he noted, prices have remained quite steady in […] Read more
Feed weekly outlook: Spring rally unlikely
Reading Time: < 1 minute MarketsFarm — Feed grain bids in Western Canada have held relatively steady over the past month despite large moves in many outside markets. However, a number of factors may weigh on values heading into the spring. Feed barley is trading in the $4-$4.95 per bushel area in Alberta, according to Prairie Ag Hotwire data. Prices […] Read more
No delays expected in fertilizer distribution
National fertilizer association doesn't expect any disruptions to deliveries
Reading Time: 2 minutes Should farmers expect delays to fertilizer deliveries heading into spring seeding? “Not if we can help it,” Fertilizer Canada CEO Garth Whyte said Thursday.”We’ve weathered all the rail system disruptions that we had over the last six months, and now, with COVID-19, we’re doing OK. “We’ve put contingency plans in at our manufacturing plants, at […] Read more
Pulse weekly outlook: India’s monsoons catch up, but crops still at risk
Reading Time: < 1 minute MarketsFarm — Heavy rains in recent weeks have brought India’s monsoon rainfall back to normal levels after a slow, dry start to the season, according to reports out of the country. However, flooding and uneven distribution of moisture could still hurt crop production. A normal monsoon is defined as 96-104 per cent of the 50-year […] Read more
ICE weekly outlook: All eyes on King Corn
Reading Time: 2 minutes MarketsFarm — ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at $450.40 per tonne on Wednesday. The contract could have another $5-$10 to […] Read more
ICE weekly outlook: Weather the main factor in canola bids
Reading Time: 2 minutes MarketsFarm — Forecasts of rain for Western Canada will certainly help canola in terms of growing this year, said David Derwin of PI Financial in Winnipeg. “I spoke with several farmers from across the Prairies who said we got some good rains, a few who didn’t, but by in large, it’s good and the forecasts […] Read more
ICE weekly outlook: Canola markets remain sensitive to weather
Reading Time: < 1 minute MarketsFarm — Canola markets were following trends set by soybean prices, as worries of late planting weighed on the minds of traders and farmers alike. As corn planting comes to an end, prolonged wet weather has continued to delay soybean planting to the point where the growing season may be shortened. “I think the market […] Read more
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