The ICE Futures canola platform were weaker at market close. Chicago Board of Trade (CBOT) soybean and meal contracts were stronger though after starting the day lower. The shift happened as soybeans looked to regain ground after hitting new monthly lows in overnight trade. Soyoil contracts were mixed. South American seeding is weighing on the […] Read more
Stories by MarketsFarm
Weaker dollar limits canola, soybean losses
The ICE Futures canola platform were weaker at market close following soybeans. However, the weaker Canadian dollar limited losses for the market. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were weaker also. Seasonal harvest pressure weighed on the market. It is expected farmer deliveries should slow down soon, however there is concern […] Read more
Manitoba harvest slow as snowy weather continues
Winnipeg – Manitoba harvest progress was once again slowed by cold and wet conditions during the week ended Oct. 15, according to the provincial crop report. Harvest progress was 84 percent complete as of Oct. 15, up four percent from the previous week. Over the last month progress has been limited, with increases of only […] Read more
Cold, wet weather delays Alberta harvest: Report
Cold and wet conditions hit most of Alberta during the week ended Sep. 18 putting a halt to harvest progress, according to the latest crop report from Alberta Agriculture. The harvest was 32.6 percent complete on a provincial basis, up only 4.4 percentage points from the previous week and well off the five-year average of […] Read more
Aggressive weed makes first North Dakota appearance
Officials in North Dakota continue to hunt for more of the aggressive weed Palmer amaranth. A pigweed species plant, Palmer amaranth was first discovered in North Dakota last month. It was in a soybean field near McIntosh County in the south-central region of the state. Now officials are waiting for DNA tests from weeds found […] Read more
U.S. harvest progress
Corn across 18 states responsible for 92 per cent of all U.S. corn acreage in 2017 are 93 per cent in the dent stage, according to data from the USDA. That’s above the five-year average of 86 per cent normally at the dent stage this time of year. Meanwhile, 54 per cent of corn was […] Read more
Climate change would bring more insects
Main grain-producing areas of Canada and the U.S. could see rapid increases in crop-damaging insects as global temperatures rise, according to researchers at the University of Washington and the University of Colorado, Boulder. A new study reveals temperature increases are likely to spark population growths in grasshoppers, caterpillars and other insects that devour crops in […] Read more
Hogs, poultry hit by Florence
Record-setting rain and floods in North Carolina caused by Hurricane Florence have destroyed the state’s poultry sector with 3.4 million chickens and turkeys reported killed. Pig losses are estimated at 5,500. Widespread power outages and flooded roads are making it difficult to get help to abandoned livestock operations. The state is home to about nine […] Read more
Canola, soy down ahead of USDA report
ICE Futures canola contracts were weaker on Tuesday, taking some direction from the Chicago Board of Trade soy complex as traders adjusted positions ahead of Wednesday’s production report from the United States Department of Agriculture. Seasonal harvest pressure added to the softer tone in canola, despite highly variable yield reports across the Prairies. Chart-based speculative […] Read more
Canola drops; soy closes up
ICE Futures canola contracts were lower on Friday, as speculative positioning weighed on values to end the week. The market held steady within a rather narrow trading range over the past week between, trading between C$495 and C$499 per tonne in the most active November contract. Seasonal harvest pressure and anecdotal reports of better-than-expected yields […] Read more
