The first grain vessel in four years left the northern Manitoba Port of Churchill on the weekend of Sept. 7-8, 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
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Statistics Canada forecasts near record corn crop
Winnipeg,(MarketsFarm) – Canada’s corn crop is forecast to be the second largest on record despite a delayed start to spring seeding, as yields showed an improvement from earlier forecasts, according to updated production estimates from Statistics Canada, released Sept. 12. Using a combination of satellite imagery, previous survey data, and agro-climatic data, the latest Statistics […] Read more
Statistics Canada ups crop production estimates
Winnipeg, (MarketsFarm) – Updated model-based production estimates from Statistics Canada released Sept. 12 expect larger yields for most of the major crops grown in the country. While harvest operations are still ongoing, the actual crops may end up larger still. “All of the numbers are bigger, whether it’s durum, spring wheat, canola,” said analyst Mike […] Read more
Chickpeas look OK, prices soft
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 of southern […] Read more
Malt barley quality a question as Canadian harvest drags on
Winnipeg, (MarketsFarm) – The quality of Canada’s 2019/20 barley crop remains to be seen, as cool and wet harvest conditions across much of the Prairies are raising concerns over how much will meet malt specifications. “We’ll lose a lot of malting barley this year, because of the weather,” said Peter Watts, managing director of the […] 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
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
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
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
