The Good: Canola futures were higher today with the nearby contract rallying by C$6.10 per tonne to settle at US$634.40 per tonne. This helped push the contract close to the 50 day moving average that is only C$1.08 per tonne above the contract close. Support for canola came from soybean futures which rallied by nine […] Read more
Farm business
The Good, Bad & Ugly
Farmers should expect lower crop insurance coverage in 2026
The way the market has gone, it’s reasonable to expect crop insurance coverage levels to be down substantially in all three prairie provinces.
Weak demand for marginal land: U.S. report
Demand for high quality land remains strong, but owners wanting to sell marginal acres warned to reset expectations.
Buyers of farmland are getting more selective. Sellers of less productive land may need to lower their expectations, says a farmland management company in Nebraska.
AM Market Report – January 15, 2025
GOOD MORNING…HERE IS YOUR MORNING MARKET NEWS OVERNIGHT GRAIN TRADE ICE canola futures are rallying an impressive $6 to $11/tonne higher to start this morning…largely on Canada-China trade talk hopes. Some measure of short covering was also featured across Canadian and US grain futures markets overnight. Chicago soybean futures are just steady to maybe a […] Read more
Prairie Weather
The first clipper system of three is pushing through the Prairies with most of central Saskatchewan receiving a rain/snow mix. The clipper system will bring light to moderate rain/snow to the southern Prairies today. Mostly dry conditions are expected to push The next clipper system is expected to arrive on Sunday and is expected to […] Read more
The Good, Bad & Ugly
The Good: The spring wheat market closed the day up by one cent per bushel to settle at US$5.67 per bushel. The good news is that winter wheat futures also rallied by two to three cents per bushel. Kansas City contracts were strongest of the three wheat exchanges this morning. The wheat markets were supported […] Read more
Key landowner warns of impending finance squeeze
Financial institutions could be scrutinizing loans more carefully due to commercial real estate troubles
Banks could be under pressure because of under-performing loans, but lenders like ScotiaBank remain very positive about Canadian agriculture.
AM Market Report
Mike Jubinville is away today. Intercontinental Exchange canola futures tacked on modest gains Wednesday morning, adding to Tuesday’s sharp increases. Support for canola came from upticks in the Chicago soy complex, while slight declines in MATIF rapeseed and Malaysian palm oil limited the upswing. Higher crude oil prices underpinned the vegetable oils. Canadian Prime Minister […] Read more
The Good, Bad & Ugly
The Good: The canola market closed up by C$12 per tonne to settle at C$632.80 per tonne. The 50-day moving average was challenged during the trading session although the contract settled C$3,58 per tonne below that level. The gains in canola came despite a 10 cent per bushel drop in soybean values. Support for canola came […] Read more
AM Market Report – January 13, 2025
GOOD MORNING…HERE IS YOUR MORNING MARKET NEWS OVERNIGHT GRAIN TRADE ICE canola futures started Monday higher, but finished slightly weaker on a bearish round of USDA report releases yesterday. But canola futures are bouncing back strongly this morning…trading $8 to $12/tonne higher…led by the front month March contract. CBOT corn futures are posting 3 to […] Read more
