Aug. 31 (CNS Canada) – Traders in corn and soybean futures might well have been hoping for a repeat of history at the start of the August 31 session. This day last year, corn prices scraped bottom and then rallied, moving from harvest lows. If they were hoping, they got it. Today, a similar rally […] Read more
Stories by Terry Fries
Farm product price index reflects reality of falling grain prices
WINNIPEG, Aug. 29 – Declining prices for crops across the board during the past year are reflected in the latest Farm Product Price Index released today by Statistics Canada. The crops index fell 2.8 percent in June to 122.8, compared to June of 2016, a loss StatsCan attributed to grains and special crops. The grains […] Read more
Durum forecasters expect strong markets, good prices
For farmers able to nurse their durum across the finish line this harvest, prices in the winter could make it worth their while. Withering heat and dry conditions have taken a toll on durum yields, especially in southern regions of the Prairies, but analysts such as John Duvenaud of the Wild Oats Grain Market Advisory […] Read more
Many farmers should find reason to cheer harvest weather forecast
WINNIPEG, Aug. 15 – Farmers on the Canadian Prairies can expect decent weather for this harvest season, according to Drew Lerner, meteorologist and founder of WorldWeather Inc. He said most farmers will experience periodic showers but shouldn’t be subjected to the continual drizzles and sheets of rain that caused heartaches last year. “Most of the […] Read more
Corn soybean futures struggle under heavy supplies
WINNIPEG, Aug. 16 (CNS) – Corn and soybean traders continue to assess the fallout from last week’s world supply and demand report from the United States Department of Agriculture. The monthly report stunned analysts with predictions for U.S. corn yields at 169.5 bushels per acre and soybean yields of 49.4 bu./acre. “That just destroyed the […] Read more
If it ain’t broke, don’t fix it: Pork sector
WINNIPEG, Aug. 17 – As talks begin toward reworking the North American Free Trade Agreement, John Ross of the Canadian Pork Council, repeats what many in the pork and beef industries in Canada and the United States have been saying all along: First, do no harm. “The worst thing that could happen to us was […] Read more
Manitoba’s dry edible bean harvest on track
WINNIPEG, Aug 11 (CNS) – Manitoba’s dry edible bean crop should come in this harvest with numbers roughly the same as last year, said Dennis Lange, pulse crops specialist with Manitoba Agriculture. “This year, I would say right now, depending on how things settle out in the next little while, we’ll be at least equal […] Read more
Malting barley outlook promising
Questions remain about Western Canada’s malting barley crop, but many analysts appear to expect at least an adequate harvest. Quality concerns and yield reductions will hit farmers in southern areas, but for those with good quality, prices should remain steady for the medium term. While analysts cautioned that forecasts can still change depending on the […] Read more
Malt barley outlook promising, but harvest quality will be key
Aug. 2 (CNS Canada) – Many questions remain about Western Canada’s malt barley crop, but many analysts appear to expect at least an adequate harvest. Quality concerns and yield reductions will hit farmers in southern areas, but for those with good quality, prices should remain at least steady for the medium term. While analysts cautioned […] Read more
New hail modelling system draws mixed reviews from insurers
A new hail risk modelling system is available for Canadian crop insurers, but providers are divided over its value. AIR Worldwide recently developed the industry’s first probabilistic computer model designed to better assess hail risk in Canada. Ken Doleman, chief executive officer at Palliser Insurance, said the additional data from the AIR model will provide […] Read more
