Winnipeg – Poor spring planting conditions followed by hot and dry July weather likely hurt soybean and corn yields in eastern Canada this year, resulting in smaller crops, according to Statistics Canada’s Production of Principal Field Crops report, released Aug. 28. Nationally, the Canadian soybean crop is forecast at 6.2 million tonnes, which would be […] Read more
Stories by MarketsFarm
Indian monsoon rains catch-up, but pulse crops still at risk
Winnipeg – Heavy rains in recent weeks have brought India’s monsoon rainfall back up to normal levels after a slow and dry start to the season, according to reports out of the country. However, flooding and the uneven distribution of moisture could still hurt crop production. A normal monsoon is 96-104 percent of the 50-year […] Read more
Saskatchewan two percent done, well behind average: report
Winnipeg – Saskatchewan farmers made some harvest progress during the week ended Aug. 19, but operations are running well behind normal, according to the latest provincial crop report from the Saskatchewan Ministry of Agriculture. The crop was two percent harvested as of Aug. 19, which was up from less-than-one percent the previous week, but well […] Read more
Ag Canada increases wheat production forecast
Winnipeg – Canadian wheat production in 2019/20 is forecast to come in at 500,000 tonnes above an earlier forecast, according to updated supply/demand tables from Agriculture and Agri-Food Canada released Aug. 21. Wheat ending stocks were also raised, while adjustments to the canola tables led a slight reduction to the still record-large carryout forecast. Total […] Read more
Saskatchewan harvest begins, behind pace
WINNIPEG, (MarketsFarm) – Swathing and combining were underway as of the week of August 6 to 12, according to the Saskatchewan crop report released on Thursday. At this point the harvest was behind the five-year average of four per cent complete and last year’s pace at this time of five per cent. The fall rye […] Read more
Canadian wheat bids mixed, watching futures and currency
Winnipeg,(MarketsFarm) – Wheat bids in Western Canada were narrowly mixed during the week ended Aug. 15, with losses in the United States futures countered by support from a softer Canadian dollar. The Canadian dollar was down by roughly a third of a cent relative to its United States counterpart, while the futures were all lower […] Read more
Soyoil losses still a drag on canola futures
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, with losses in Chicago Board of Trade soyoil behind some of the spillover selling pressure. News that the United States would delay imposing 10 per cent tariffs on some Chinese imports contributed to the weakness in canola, according to a trader, as easing […] Read more
Manitoba crops facing dry conditions
WINNIPEG, (MarketsFarm) – Varying dry conditions are set take a toll on Manitoba’s pulse crops this year. Some crops have stunted due to dry conditions throughout the year, said Serena Klippenstein, production specialist with Manitoba Pulse and Soybean Growers. Overall, crop conditions are still dependent on the soil type and where they are in the […] Read more
August supply and demand report hits markets hard
WINNIPEG,(MarketsFarm) – With the markets largely range-bound since the end of June, the United States Department of Agriculture (USDA) released its long-awaited supply and demand report late Monday morning. The initial reaction on the markets was bearish, with corn prices being hit very hard, down 25 U.S. cents per bushel for the September and December […] Read more
Western Cdn wheat prices regain strength
WINNIPEG,(MarketsFarm) – Wheat bids in Western Canada were generally up for the week ended August 8. There were gains in Canadian Western Red Spring Wheat (CWRS) and Canada Prairie Red Spring (CPRS) in all locations. Canadian Western Amber Durum (CWAD) was either side of steady, depending on location. The Canadian dollar was down by […] Read more
