Reading Time: 2 minutes MarketsFarm — Harvests of Manitoba’s two major pulse crops are already seeing high yields, according to Manitoba Pulse and Soybean Growers (MPSG) executive director Daryl Domitruk. Despite a wide range of results across the province, Domitruk added that dry field pea yields were respectable in many places and excellent in others, marking a successful harvest […] Read more
Pulse weekly outlook: Manitoba peas, dry beans showing good results
Early harvests show some 'exceptional' bean yields
Larger U.S. barley crop expected in 2022
Reading Time: < 1 minute MarketsFarm — Barley production in the U.S. is forecast to be up substantially in 2022, with early indications pointing to the largest crop in seven years. In its latest production estimates, the U.S. Department of Agriculture forecast the country’s 2022 barley crop at 3.8 million tonnes, which would be up from the 2.6 million tonnes […] Read more
Pulse weekly outlook: Feed peas in short supply
Some feeders substituting soymeal
Reading Time: < 1 minute MarketsFarm — Hot and dry growing conditions cut into Canada’s pea production in 2021-22 — but the quality was relatively good, which means feed peas are in even shorter supply. “Yields were low across the harvest this year, but I’d say quality was quite good on yellow and green peas,” said a feed pea merchant. […] Read more
CBOT weekly outlook: Harvest moving markets sideways
Reading Time: 2 minutes Updated, Sept. 22 — MarketsFarm — Harvesting continues to progress in both Canada and the United States, resulting in quiet activity at the Chicago Board of Trade (CBOT). “Right now during harvest, the corn, wheat and beans are all stuck in a narrow range,” said Ryan Ettner, trader for Allendale Inc. at McHenry, Ill. “For […] Read more
ICE weekly outlook: Canola remains rangebound
Trade predicts even smaller production
Reading Time: < 1 minute MarketsFarm — At least for the foreseeable future, ICE Futures canola is likely to remain rangebound, according to analyst David Derwin of PI Financial in Winnipeg. The November canola contract has support at $850 per tonne and when it bumps up to around $900 it’s quickly pulled back, he said. “Sideways is not very exciting, […] Read more
CBOT weekly outlook: Harvest lows possibly already in for soy, corn
Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade may have already hit their harvest lows for the season, despite the fact that the bulk of the harvest is still some time away. “Going forward, I think the short-term lows are probably established,” said Terry Reilly, of Futures International in Chicago. The […] Read more
Pulse weekly outlook: Normal yields expected for dry beans in 2021-22
Reading Time: 2 minutes MarketsFarm — The number of acres seeded for dry beans in Canada in 2020-21 was at its highest level in more than a decade. But this upcoming crop year, acreage and yields are expected to return to normal. Dennis Lange, pulse specialist for Manitoba Agriculture at Altona, said he hadn’t seen yields like last year’s […] Read more
CBOT weekly outlook: Eyes on U.S. election, next supply and demand report
Reading Time: 2 minutes MarketsFarm — With no final results yet Wednesday in the U.S. presidential election, there has been very little, if any, effect on the Chicago Board of Trade (CBOT), according to Allendale Inc. president Steve Georgy. “For the grain markets there hasn’t been a higher impact yet, but it is rather quiet,” he said from McHenry, […] Read more
Canary seed supplies tighten
'Hidden' stocks of product seen shrinking
Reading Time: 2 minutes MarketsFarm — Canary seed stocks are presently tight for two reasons: unreported inventories have been used up, and poor yields from this year’s crop. David Nobbs of Purely Canada Foods in Saskatoon explained there was a “hidden inventory over the last four to five years,” never reported to Statistics Canada, that was used to meet […] Read more
Low acreage buoys mustard seed prices
Reading Time: 2 minutes MarketsFarm — Spot prices for mustard seed on the Prairies have trended higher, due to consecutive years of low seeded acreage. In 2020, about 256,500 acres of mustard seed were planted, down about 36 per cent from the previous year. Walter Dyck, seed division manager for Olds Products, mentioned it’s the second time in 20 […] Read more
A message from April Stewart, Country Guide's Associate Editor
