Reading Time: 2 minutes MarketsFarm — Rains across southern and central regions of Alberta were both much-needed and well-received during the week ended Tuesday. Both regions received 20 to 50 millimetres of precipitation, according to the province’s weekly crop report released Friday. The amount of rain that fell onto the south region was equivalent to the amount of precipitation […] Read more
Rains bring much-needed moisture to Alberta’s south
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
Environment Canada sees cool summer for Manitoba
Reading Time: < 1 minute MarketsFarm — Manitoba and eastern Saskatchewan could be in for a cooler-than-normal summer, according to the latest long-range outlook from Environment Canada. The latest seasonal forecast from the government agency, released Tuesday, calls for a 40 to 80 per cent chance of below normal temperatures from June through August across all of the agricultural regions […] 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
Planting progress picking up in Saskatchewan
Reading Time: < 1 minute MarketsFarm — Overall spring planting across Saskatchewan reached 33 per cent complete as of Monday, according to the latest weekly crop report from Saskatchewan Agriculture. Despite the good progress over the week, that’s still 20 points behind the five-year average. When compared to the excellent progress this time last year, the gap expands to 41 […] Read more
ICE weekly outlook: Highs might be in for old-crop canola
New crop in 'a very uncertain stage'
Reading Time: < 1 minute MarketsFarm — The highs may be in for old-crop canola contracts on the ICE Futures platform, with attention in the market turning to the new crop. “I think the market has probably defined the upside potential and the acute demand rationing that needed to occur is done,” said Jerry Klassen, an independent commodity trader and […] Read more
U.S. grains: Chicago wheat firm as worries about global supplies remain
Corn retreats, soybeans also firm
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rallied on Tuesday, even after India said it would allow overseas wheat shipments awaiting customs clearance, as traders focused on an unrelenting question roiling global prices: Where will the world get its grain? The most-active wheat contract on the Chicago Board of Trade (CBOT) dipped early in the […] Read more
Eastern Prairies’ wet conditions may curb insect pest risk
Late-seeded crops may germinate more quickly in warmer soils
Reading Time: 2 minutes MarketsFarm — If there could be one benefit to the excessive moisture across much of southern Manitoba and the Interlake region, that would be a potentially reduced risk for insect pests, according to John Gavloski, entomologist for Manitoba Agriculture, Food and Resource Development. For example, Gavloski cited flea beetles, which could damage canola. “If [canola] […] Read more
India bans wheat exports as heat wave hurts crop, domestic prices soar
Ban could push global wheat prices to new peaks
Reading Time: 3 minutes Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies […] Read more
Dust storm, hurricane-force winds tear across U.S. upper Midwest
Reading Time: 2 minutes Chicago | Reuters — Hurricane-force winds tore across the U.S. upper Midwest Thursday evening, sending walls of dust across cities and rural towns, causing widespread property damage and killing at least two people. Straight-line winds up to 170 km/h reached from Kansas to Wisconsin, pushing waves of farmland topsoil across the horizon and plunging communities […] Read more