The department’s World Agricultural Supply/Demand Estimates reported little change, although projections fell slightly
WINNIPEG (MarketsFarm) — August figures from the U.S. Department of Agriculture’s World Agricultural Supply-Demand Estimates provided few surprises and not much change after their release on Aug. 11. However, crop production and carry-out estimates were tightened from those in July. The USDA’s 2023-24 corn production estimate declined by 209 million bushels from July to 15.111 […] Read moreStories by MarketsFarm
Manitoba sunflowers doing well with fewer acres
The province has seen hot and dry weather lately, but the crop has emerged and is doing well with the help of timely rains
Despite fewer acres under hot and dry conditions, things are going well for Manitoba sunflowers. “Overall, the acres are still good,” said Jody Locke, a product group manager for Scoular Canada in Winkler, Man. “The plants have emerged. They are waist high and looking pretty strong. I think they could use some moisture, but overall […] Read more
Dryness helps push up feedgrain prices
As dry conditions continue to take root across much of the Canadian Prairies, feedgrain prices have for the most part been climbing, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “The futures are coming up on quite a few commodities, so the prices have been coming up slightly,” Leclerc said about feedgrains. “It’s […] Read more
Weather outlook not great for prairie crops
Just when crops across the Canadian Prairies need rain, the outlook to the end of July, according to Drew Lerner of World Weather Inc., points to things getting hotter and drier. “It does not look really good at the moment. We are going to see below normal rainfall and warmer than normal temperatures during that […] Read more
Bison industry expands, becomes mainstream
Industry officials say the sector is starting to recover after struggling with two drought years and the COVID-19 pandemic
The Canadian bison industry has been through difficult times the last few years but is emerging from the doldrums, according to Manitoba Bison Association president Robert Johnson. “Between the two drought years and the COVID-19 pandemic, then high feed prices, probably the last two years have been pretty crappy for bison prices,” he explained. Johnson […] Read more
Flax area expected to be smallest since 1950
Statistics Canada expects 689,000 acres of the crop will be planted this spring, an 11.6 percent drop from a year earlier
Greg Sundquist, chair of the Saskatchewan Flax Development Commission (SaskFlax), said flax is disease resistant compared to canola, as well as cheaper to grow and can be quite profitable. He said the lack of flax acres will become a temporary setback.
Domestic feedgrain prices seen slipping
Feed wheat and barley prices in Western Canada have slowly trended lower over the past few months, with prices for both grains now on par with imported corn from the United States into the key Lethbridge feedlot alley. All three grains are trading at around $410 per tonne into Lethbridge, according to Jim Beusekom, president […] Read more
Canaryseed acres expected to increase
WINNIPEG (MarketsFarm) — While the price of canaryseed in Western Canada has gone down over the past couple years, there is optimism that acres devoted to the specialty grain will increase in 2023. David Nobbs, pulse merchant for Purely Canada Foods in Saskatoon and former chair of the Canary Seed Development Commission of Saskatchewan, said […] Read more
Wheat up in ’23, then drops
The International Grain Council made small changes to its supply and demand estimates in its March report for the 2022-23 crop year. The changes were due to a projected increase in global wheat production, slightly less demand for corn and a decline in overall consumption. For 2023-24, the council forecast an upswing in world production […] Read more
Canada may miss canola lift
(MarketsFarm) — The European Union will likely import more canola this year than previously thought, but the increase will likely come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. The USDA raised its forecast for European rapeseed imports during the 2022-23 marketing year by 550,000 tonnes, […] Read more
