Production is expected to increase 15 to 20 percent, and both conventional and organic prices have risen 20 percent
WINNIPEG — The hemp industry in Canada is set for a good year in 2021, according to Canadian Hemp Trade Association president Ted Haney. “It looks like we are looking at another 15 to 20 percent increase in seeded acres nationally, which should take us over the 100,000-acre level for sure,” Haney stated. He explained […] Read moreAuthor Archives
Argentine soybean production expected to rise
Soybean production in Argentina, the world’s third-largest supplier, is expected to push well above 50 million tonnes in 2021-22, according to Benjamin Boroughs, the United States Department of Agriculture attaché in Buenos Aires. Boroughs estimated that production would rise to 51.5 million tonnes in the coming marketing year, which would be an 8.4 percent increase […] Read more
Canadian canola acre estimate lower than expected
WINNIPEG — As the market grappled with the April 27 Statistics Canada planting projections, one thing was clear to MarketsFarm Pro analyst Mike Jubinville: the canola forecast isn’t enough to rectify tight ending stocks. In the survey-based principal field crop areas report, the federal agency pegged 2021-22 canola acres at 21.53 million, up 3.6 percent […] Read more
Wheat acres at record lows, increase for soybeans, corn: USDA
WINNIPEG, March 31 (MarketsFarm) – As with last year, total wheat acres in the United States are projected to remain at all-time lows, according to the U.S Department of Agriculture (USDA). The department issued its prospective plantings estimates on Tuesday. MarketsFarm Director of Markets and Weather Bruce Burnett called the USDA’s wheat and soybean estimates […] Read more
U.S. grain stocks down this March
WINNIPEG, March 31 (MarketsFarm) – Stocks of wheat in the United States are significantly lower as of March 1, according to the U.S. Department of Agriculture (USDA). The department issued its grain stocks as of March 1 report today. The USDA pegged total wheat stocks at 1.41 billion bushels, which is 11 per cent lower […] Read more
In midst of market turmoil feed prices mostly steady
WINNIPEG (MarketsFarm) — Despite all of the commotion in the markets due to the economic impact from the COVID-19 pandemic, feed grain prices have been steady, according to Nelson Neumann of Agfinity in Edmonton. Neumann said feed prices were in a steady decline since the cold snap around the beginning of January. “This week/last week, […] Read more
Canola futures hold steady
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Friday, due to gains in Chicago soyoil and European rapeseed. Malaysian palm oil remained lower. Although farmer deliveries of canola were down for the week ended March 22, they remained strong. The Canadian Grain Commission reported deliveries were 406,800 tonnes compared […] Read more
Canola futures finish slightly lower
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, after trading most of the session on either side of steady. While Chicago soyoil managed to finish a little higher today, soymeal was down sharply and weighed on values. Gains in European rapeseed and Malaysian palm oil tempered further losses for canola. […] Read more
Crush margins heading up
WINNIPEG, (MarketsFarm) – As canola and other farm commodities made strong gains over the last week, there was something a little strange about things, according to Winnipeg-based trader Bill Craddock. He said crush margins follow prices for edible oils and meal, as well as the Canadian dollar. It’s all part of the formula used to […] Read more
Tame trading keeps canola futures steady
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady on Tuesday, as no one wanted to aggressively push the market either way, according to a Winnipeg-based trader. While canola received support from strong gains in Chicago soyoil, lower soymeal and significantly reduced increases for soybeans weighed on values. The trader noted that farmers […] Read more
