Reading Time: < 1 minute MarketsFarm — Spring planting across Saskatchewan reached 91 per cent complete as of Monday, according to the province’s latest crop report. That was an increase of 15 points over the week and the pace was only six behind the five-year average. However, Saskatchewan Agriculture stressed there are many acres in the eastern half of the […] Read more
Planting in Saskatchewan nearing its end
Rain helps Ontario crops as last of seeding presses on
Reading Time: < 1 minute MarketsFarm — Rains were timely in helping with crop establishment, according to the latest report from the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA). As some spring planting remained to be completed, amounts of precipitation ranged from 12 to 55 millimetres. While herbicide applications on cereals continued in southern Ontario, planting in the […] Read more
StatCan releases satellite crop vegetation data
Reading Time: < 1 minute MarketsFarm — Statistics Canada’s crop condition assessment program (CCAP) on Thursday released its weekly normalized difference vegetation index (NDVI) values from April 11 to May 29 — telling the tale of weather extremes in the Prairie provinces. As of the fourth week of May, seeding was 95 per cent complete in Alberta, compared to the […] Read more
ICE weekly outlook: Weather in focus for canola traders
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts hit their lowest levels in two months during the first week of June but uncovered support to the downside to recover on Wednesday and hold rangebound overall. While crush margins are still well off the levels seen at this time a year ago, they have improved over the past […] Read more
Pulse weekly outlook: Lentils planted, now it’s wait-and-see
Reading Time: 2 minutes MarketsFarm — As planting of lentils on the Canadian Prairies has pretty much wrapped up for 2022, prices have been holding firm, according to Colin Young of Midwest Grain Ltd. at Moose Jaw. “In pulses right now, this is the naturally quiet time of the year. We’re ramping old-crop into new-crop,” Young said. “Prices are […] Read more
Pulse weekly outlook: More rainfall turns into more seeding delays
Reading Time: < 1 minute MarketsFarm — After southern Manitoba had experienced ideal seeding conditions for most of the previous week, another round of rains created another round of headaches for pulse growers on Monday. “Last week, there were a few dry beans planted here in southern Manitoba. (There was) a lot of prep work being done. Things were really […] Read more
U.S. grains: Rainy forecast pushes soy to three-month high
Wheat mixed, corn weak
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rallied 2.7 per cent to a three-month high on Thursday as the latest weather forecasts for key northern growing areas turned wet again, threatening to add further delays to planting that was already well behind schedule, traders said. Corn futures were weaker on pressure from disappointing export data […] Read more
Feed weekly outlook: Feedlots shopping for new-crop barley
Reading Time: < 1 minute MarketsFarm — While corn imported from the U.S. was the grain of choice for Alberta feedlots for the past few months, feed barley has slowly become more in demand. Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta., explained that some feedlots were already having their cattle feed on grass as summer approaches. […] Read more
U.S. grains: Soybean, wheat futures fall
CBOT corn closes higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Wednesday, pressured by weather forecasts that will allow farmers to make good progress on the end of their planting tasks as well as concerns about demand from China. Chicago Board of Trade wheat futures also were weaker, with the market setting back on reports that Russia […] Read more
ICE weekly outlook: Canola sideways for now
Reading Time: 2 minutes MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains […] Read more
A message from April Stewart, Country Guide's Associate Editor
