WINNIPEG (MarketsFarm) – Numerous areas throughout the growing areas of Manitoba experienced frost, according the province’s weekly crop report for the week ending Sept. 9. The coldest locations were Sprague in the eastern region, Narcisse in the Interlake and Lake Audy in the southwest, which experienced temperatures of minus two Celsius on Sept. 8. Many […] Read more
Stories by MarketsFarm
Big changes unlikely in next supply/demand report
WINNIPEG (MarketsFarm) – Ahead of the next supply and demand report from the United States Department of Agriculture (USDA), several firms issued their estimates for U.S. corn and soybean yields. The USDA is scheduled to release its next World Agriculture Supply and Demand Estimates (WASDE) on Sept. 12 at 7:30 am CDT. The report will […] Read more
Grain leaves Churchill for first time in four years
Winnipeg (MarketsFarm) – The first grain vessel in four years left the northern Manitoba Port of Churchill over the weekend, according to social media posts from port owners Arctic Gateway Group. “Happy to report the successful completion and departure of the first grain vessel of the season from Churchill,” said Arctic Gateway on Twitter and […] Read more
U.S. crop condition estimates
WINNIPEG (MarketsFarm) – The Chicago-based Futures International (FI) issued its estimates for United States crop conditions this morning, along with the firm’s projections for export sales. Ahead of the U.S. Department of Agriculture’s (USDA) weekly crop progress report, released on Mondays at 3 pm CDT, FI estimated corn conditions to be 59 percent to be […] Read more
Cdn dollar likely to remain stable: RBC Capital analyst
Winnipeg (MarketsFarm) – The Canadian dollar remains within a relatively stable range despite uncertainty in the global financial markets. “Even though there’s been a lot happening globally… the (Canadian) currency itself has been very well behaved,” said Mark Chandler, head of Canadian fixed income and currency strategy at RBC Capital Markets. “It’s been trapped in […] Read more
Cool, wet weather delaying Saskatchewan harvest: report
Winnipeg (MarketsFarm) – Saskatchewan farmers made some harvest progress during the week ended Sept. 2, but the pace remains well behind normal for this time of year, according to the latest provincial crop report from Saskatchewan Agriculture. At 11 percent complete, the harvest was up from six percent the previous week but well below the […] Read more
Canola futures to remain steady pending reports
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower Wednesday, due to the continuing general downward pressure on canola and other oilseeds, according to a trader. For the most part canola has remained range-bound, said the trader, noting there’s nothing on the horizon that could shake up the market. He said it’s unlikely […] Read more
Manitoba harvest behind schedule
Winnipeg, Sept. 4 (MarketsFarm) – Periodic rainfall limited harvest operations across Manitoba during the week ended Sept. 3, according to the latest provincial crop report from Manitoba Agriculture. The total harvest was estimated at 38 per cent complete, which compares with the three-year average for this time of year of 51 per cent done. Crop […] Read more
Large new crop expectations weigh on Canadian feed grain bids
Winnipeg (MarketsFarm) – Feed grain bids in Western Canada have trended lower over the past month amid expectations for large barley production and concerns over possible downgrades to wheat quality. “We’ve definitely seen (barley prices) soften up quite a bit,” said grain broker Nelson Neumann, of Agfinity in Stony Plain, Alta. New crop feed barley […] Read more
Canadian chickpeas look ok, but prices soft
Winnipeg – Canada’s chickpea crop likely beat earlier expectations, but poor prices may limit farmer sales at harvest time. “We planted the crop in drought conditions” and were preparing for the worst, said Colin Young of Midwest Grain in Moose Jaw, Sask., pointing to the lack of subsoil moisture in the key chickpea growing regions […] Read more
