Heavy rains across the American Midwest and a murky outlook on international trade appear ready to drive down the soybean market in the lead-up to next week’s supply and demand report. The United States Department of Agriculture will release its monthly estimates on Sept. 12 and traders have already started to take positions. “We saw […] Read more
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Heavy rains threaten soybean quality
Canola forecast by StatsCan deemed supportive by trade
WINNIPEG – A summer of dryness and sizzling heat has apparently taken its toll on canola plants in many areas of Western Canada, according to the latest crop production estimate by Statistics Canada. In a survey that was compiled in the latter days of July, Statistics Canada pegged canola production for 2018/19 at 19.2 million […] Read more
Canola set to bounce around bottom of long-range
WINNIPEG – Contracts on the ICE Futures canola market are bracing for turbulence in the coming days as trade negotiations between Canada and the United States and a looming production report from Statistics Canada takes center stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send […] Read more
Questions remain over impact of hot weather on canola yields
Harvest came early for some crops in Western Canada this year. A few canola crops in Manitoba are already in the bin as warm temperatures and a lack of rain helped growers hit the fields quicker than other years. However, a hot and mostly dry summer on the Prairies has left many growers guessing about […] Read more
Trade uncertainty weighing on Manitoba pork prices
WINNIPEG – The ongoing trade battle between China and the United States, along with the general uncertainty in the global trade market is starting to put a damper on Manitoba pork prices. In Canada, the formula price used by domestic farmers is based on the national base price in the U.S. That price is determined […] Read more
Corn and soybean futures run into strengthening U.S. currency
WINNIPEG – The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities like soybeans and corn. As the Turkish lira drops in value many investors have begun to put their money into the United States currency. It’s a common move when markets are troubled as the […] Read more
Heat blast threatens yields on drought-stressed chickpeas
WINNIPEG – Temperatures as high as 38 C were recorded in the Western Prairies over the weekend, and with that heat comes questions about crop impact. As far as pulses go, lentils and peas are far enough along that the recent heat-wave is unlikely to affect them from a yield perspective, according to Carl Potts […] Read more
Canola fights to stay above C$500 level
WINNIPEG – The ICE Futures canola market continues to take strength from a heat wave that has gripped much of Western Canada, however the results of a looming agriculture report may ultimately determine which direction it goes. On Friday, August 10, the United States Department of Agriculture will release its monthly supply and demand estimates. […] Read more
Prairies to stay mainly hot and dry in August
WINNIPEG – The summer heat wave that has brought excess dryness to much of southwest Saskatchewan and southern Alberta looks set to continue. According to Drew Lerner of World Weather Inc., much of Western Canada will be dealing with a restricted amount of rain and hotter-than-normal temperatures in August. “I don’t think it will be […] Read more
Dwindling diesel supplies could boost price
WINNIPEG – Strong global demand and a looming North American harvest could send diesel prices higher in the coming months. According to one energy analyst in Chicago, farmers may want to buy some fuel before prices get too high. “We’re telling our people to hedge some of your exposure, because we do think that, barring […] Read more
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