WINNIPEG, (MarketsFarm) – Intercontinental Exchange canola traders have been keeping a close eye on the extradition hearing for Huawei executive Meng Wanzhou in Vancouver. The hearing is to determine whether Meng will be extradited to the United States, where she is facing charges related to violating U.S. sanctions against Iran. Meng was arrested by Canadian […] Read more
Stories by MarketsFarm
Flax prices likely to remain flat
WINNIPEG, (MarketsFarm) – Although the autumn snowfall limited the quality of a lot of Prairie flax, its price has remained flat, according to Brian Johnson of Johnson Seeds in Arborg, Man. While Johnson has seen some instances of number one flax, he said most of what he’s seen has been number two and number three. […] Read more
Prairie feed bids cool as temperatures rise
Winnipeg, (MarketsFarm) – Feed grain bids in southern Alberta are cooling down as temperatures warm up after a bitter cold spell earlier in the month. After dealing with temperatures in the -20C to -34C range over much of the week ended Jan. 17, conditions in the key Lethbridge feeding area have flipped the other way. […] Read more
Hay Disaster Benefit to pay out $5 million in Manitoba
The government program will compensate producers for poor forage crops produced in the province last year
WINNIPEG (MarketsFarm) — Compensation for poor Manitoba forage crops in 2019 will soon be coming to insured producers now that Manitoba Agricultural Services Corp. has activated the Hay Disaster Benefit. The estimated payout for 2019 is more than $5 million on about 1,500 claims, federal Agriculture Minister Marie-Claude Bibeau and Manitoba Agriculture Minister Blaine Pedersen […] Read more
Uncertainty pervades pulse market
Winnipeg (MarketsFarm) – The price spread between green and yellow peas continues to widen in Western Canada, but whether or not that trend will continue remains to be seen. Numerous outside factors lend a general air of uncertainty to the pulse market, according to a pulse trader. Green peas typically trade at a premium to […] Read more
Canaryseed one step closer to ‘official’ status
Winnipeg (MarketsFarm) – Canaryseed may still be a relatively minor special crop in Western Canada, but the grain is one step closer to gaining official status. Producers at the Canary Seed Development Commission of Saskatchewan annual general meeting, last week, voted in favour of formally requesting canaryseed’s inclusion under the Canada Grains Act. The proposed […] Read more
India pulse estimates improve, but production still down
WINNIPEG, (MarketsFarm) – Things are still not looking good for India’s kharif (summer) production, and in particular pulse crops. Excessive monsoons rains, followed by above average post monsoon rains have hurt production, according to a report. The excessive rains resulted in flooding in 13 states in India and the National Bulk Handling Corporation (NBHC) estimated […] Read more
Possible problems with insects this year
WINNIPEG, (MarketsFarm) – How problematic insects could be in 2020 across the Prairies largely depends on the spring weather, according to three provincial insect specialists. Be the insects grasshoppers, flea beetles, cutworms, or a few other types, their potential to cause significant damage to Prairie crops will partly depend on how dry and warm this […] Read more
USDA raises soybean/corn yield expectations
Winnipeg,(MarketsFarm) – Corn and soybean yields in the United States ended up slightly better than earlier expectations, according to updated production estimates from the U.S. Department of Agriculture released last week. Corn yields were upped to 168 bushels per acre, from 167 bu/ac in the December report. Meanwhile soybean yields were raised by half of […] Read more
Hay Disaster Benefit to pay out $5 million to Manitoba claimants
Winnipeg, (MarketsFarm) – Compensation for poor Manitoba forage crops in 2019 will soon be coming to insured producers as Manitoba Agricultural Services Corporation (MASC) has activated the Hay Disaster Benefit (HDB). The estimated payout for 2019 is in excess of $5 million on approximately 1,500 claims, announced Agriculture and Agri-Food Canada Minister Marie-Claude Bibeau and […] Read more
