Like most crops grown this year, Manitoba’s soybean yields have been highly variable. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices, given the large U.S. crop prospects. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson of Delmar Commodities. He said the […] Read more
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Smaller soy crop expected in Man.
Large canola ending stocks expected
Canadian canola ending stocks as of July 31, came in at about a million tonnes above the previous year’s carryout, but were still well within trade expectations. Canola supplies as of July 31 were estimated at 2.391 million tonnes by Statistics Canada, with 954,000 tonnes of that in commercial hands and 1.437 million tonnes on-farm. […] Read more
Big U.S. corn yields surprise market
Winnipeg – An unexpected upward revision to this year’s United States corn yields sent prices dropping Wednesday, and more losses are likely, according to market analysts. The U.S. Department of Agriculture pegged average corn yields at 181.3 bushels per acre in a report released Sept. 12. That was up by about three bushels per acre […] Read more
Smaller Manitoba soybean crop expected, prices watching U.S.
Winnipeg – Like most crops grown this year, Manitoba’s soybean yields were also highly variable in 2018. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices given the large United States crop prospects. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson, of […] Read more
ICE canola weekly outlook: Yields still up in the air
Winnipeg – ICE Futures canola contracts recovered off of nearby lows over the week ended Sept. 5, but failed to rise to the same extent as the product values as the commodity remains expensive compared to other oilseeds. With the harvest underway across the Prairies, traders are focused on yield estimates and the size of […] Read more
Large Canadian canola ending stocks expected, reaction neutral
Canadian canola ending stocks as of July 31, 2018, came in at about a million tonnes above the previous year’s carryout, but were still well within trade expectations. Canola supplies as of July 31 were estimated at 2.391 million tonnes by Statistics Canada, with 954,000 tonnes of that in commercial hands and 1.437 million tonnes […] Read more
Canola moves higher
Winnipeg – ICE futures canola contracts moved higher during the week ended Aug. 17, although the market remains range-bound overall with seasonal harvest pressure and the large U.S. soybean crop likely to temper the upside going forward. From a chart-standpoint, the November contract remains stuck in a $50 range between C$475 and C$525 per tonne. […] Read more
Neonicotinoid phase-out reduces canola flea beetle control tools
Winnipeg – The phasing out of neonicotinoid seed treatments in Canada may cause problems for the country’s canola growers when dealing with flea beetles, but alternatives pesticides could fill the gap. Health Canada’s Pest Management Regulatory Agency (PMRA) is proposing that two neonicotinoid pesticides, clothianidin and thiamethoxam, be phased out over the next three to […] Read more
CWRS bids rise, but run into resistance
Winnipeg – Hard red spring wheat bids in Western Canada edged higher during the week ended Aug. 10, although the United States futures backed away from their nearby highs and the North American wheat market showed signs of running into resistance. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were up by C$1 […] Read more
Canola contracts moved up last week
Winnipeg ICE Futures canola contracts moved higher for most of the week ended July 20, before running into resistance and ending with a softer tone on Friday. A recovery in the Chicago soy complex provided some underlying support for the Canadian oilseed, but canola remains expensive from a chart perspective. World trade continues to keep […] Read more
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