WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished steady to higher on Monday, as support from Chicago soyoil edged out a stronger Canadian dollar. The Canadian dollar was slightly higher mid-afternoon Monday at 75.69 U.S. cents, after closing Friday at 75.58. Meanwhile soyoil at the Chicago Board of Trade gained approximately a fifth […] Read more
Glen Hallick
Stories by Glen Hallick
Prolonged Prairie harvest pushes up feed grain prices
WINNIPEG, Nov. 14 (MarketsFarm) – The seemingly never-ending harvest across the Prairies has been responsible for a C$10 to C$15 per tonne jump this month in feed grain prices, said Glen Loyns, general manager of JGL Commodities in Moose Jaw, Sask. “It’s probably gone up C$5 this week,” Loyns commented. This year’s extended harvest coupled […] Read more
Manitoba harvest inches forward, likely finished for 2019
WINNIPEG (MarketsFarm) – With a gain of two percentage points, the overall Manitoba harvest reached 91 percent complete, according to the province’s latest crop report. In Manitoba Agriculture’s crop report summary for 2019, issued Nov. 12, the canola harvest rose from 91 to 94 percent finished. The spring wheat inched from 97 to 98 percent […] Read more
2019 corn harvest a tremendous struggle in three U.S. states
WINNIPEG (MarketsFarm) – With a significant amount of corn still in the fields of the United States Northern Plains, the harvest may be grounding to a halt, according to MarketsFarm analyst Bruce Burnett. In particular, Burnett noted the corn harvest has been further slowed by a propane shortage, which has caused issues for farmers trying […] Read more
Latest end to soybean harvest in a decade
WINNIPEG (MarketsFarm) – In the oil crops outlook, issued Nov. 13, the United States Department of Agriculture (USDA) said the 2019 soybean harvest will end the latest in 10 years. As of Nov. 10, the overall soybean harvest stood at 85 percent complete, according the USDA’s weekly crop progress report. The pace was two points […] Read more
Lower stocks boost canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Friday, bouncing back from previous lows following the World Agriculture Supply Demand Estimates (WASDE) from the United States Department of Agriculture (USDA). The WASDE reported projected ending stocks— including Malaysian palm oil, European rapeseed, and canola—to be the lowest level in 40 years. […] Read more
Alberta harvest likely finished for 2019 in some regions
WINNIPEG (MarketsFarm) – Alberta farmers managed to make some progress despite trying conditions of cold temperatures mixed with snow and rain, including some hail, according to the province’s latest weekly crop report. For the week ended Nov. 5, approximately 88.0 percent of all Alberta crops were in the bin. That’s up from 80.9 percent the […] Read more
Latest USDA supply/demand report generates mixed results
WINNIPEG (MarketsFarm) – In the United States Department of Agriculture’s (USDA) supply and demand report issued Friday, corn estimates were lowered from the October report and those for soybeans largely remained the same for the 2019/20 marketing year. There were some revisions for wheat as well. In the latest World Agriculture Supply and Demand Estimates […] Read more
Canola futures remain in range
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Thursday, retreating from previous highs due to lack of follow-through buying. One trader noted that markets were range-bound, lacking a strong sense of direction. The announcement that China will resume importing Canadian pork and beef sparked some optimism regarding a trade deal for […] Read more
Difficult Manitoba harvest nearing its end
WINNIPEG (MarketsFarm) – In the latest and last weekly crop report for 2019 from Manitoba Agriculture, issued Nov. 5, the overall harvest reached 89 percent complete province wide. However, it has continued to be a very tough slog for farmers as they contend with muddy fields, in which equipment has left deep ruts. In some […] Read more
