Markets
Alberta releases latest crop report SOUTH Harvest has started on winter wheat and field peas in eastern areas. Crops are rated 69 percent good or excellent. Surface soil moisture is rated 70 percent good or excellent; sub soil at 59 percent, pastures at 50 percent and tame hay at 44 percent. CENTRAL Crop conditions marginally […] Read more
Markets
Alberta releases latest crop report – July 29, 2016
LIVESTOCK – CME hogs settle mostly weak on month-end positioning
CHICAGO, July 29 (Reuters) – Most Chicago Mercantile Exchange lean hog contracts closed weaker on Friday, after a volatile session highlighted by investors squaring positions on the final trading day of the month, trader said. August hogs finished up 0.125 cent per lb to 68.975 cents. October ended 0.150 cent per lb lower at 59.050 […] Read more
Sask. releases latest crop report
SOUTHEAST Precipitation ranged from 15 to 73 mm, and hail caused significant damage in some areas. Cropland, hayland and pasture topsoil moisture have an average rating of 83 percent adequate. Most crops remain in good condition, but pulses are succumbing to excess moisture stress, and hay quality is 79 percent good. SOUTHWEST Most crop damage […] Read more
DuPont Pioneer studies corn, soybean varieties in Sask.
DuPont Pioneer’s research centre near Saskatoon is broadening its crop diversification. The centre has been in operation for more than 25 years but has historically worked only with canola. However, this year it has planted ultra-early maturity hybrid corn and T-series soybean varieties. Dave Charne, research director of DuPont Pioneer Canada, said the breeding program […] Read more
Storage gives marketing options
Many grain farmers will have the ability to be patient with their sales this year, say analysts. Marlene Boersch, managing partner of Mercantile Consulting Venture, said growers with pulse crops in their rotations should see respectable early-season returns. Peas and lentils are among the first crops to be harvested and she estimates farmers have forward […] Read more
Canadian potato acres take big hit
Canada’s potato acreage will be down slightly this year with significant drops in Manitoba and New Brunswick. Statistics Canada data, released the third week of July, indicates the country will have 342,602 acres of potatoes, a 1.8 percent decline from 2015. The year-over-year decrease is part of a longer trend of slumping potato acres. In […] Read more
La Nina forecasts weaken, impact targets South America
A stronger La Nina in northern Brazil would be welcome because it would bring much-needed moisture after several years of drought
Chances of La Nina developing later this summer are waning and if it does emerge it will likely be a weak one, say weather forecasters. The declining weather risk in North America has pressured crop prices sharply lower. The risk now shifts to the potential impact on South American crops planted this fall. The U.S. […] Read moreCP looks for strong grain revenues
Canadian Pacific Railway reported lower revenue and income in the second quarter but expects a stronger second half thanks to grain. Reduced traffic dropped revenue by 12 percent and adjusted net income fell 23 percent to $312 million. In a conference call with analysts, Keith Creel, president and chief operating officer, said CP expects a […] Read more
Excess rain pushes up EU wheat prices
PARIS, France (Reuters) — Prospects for the European soft wheat harvest have deteriorated sharply because of worse-than-forecast damage from torrential spring rain, prompting analysts to cut crop estimates in top grower France to their lowest in 13 years. As well, continuing rain in Germany and Poland is harming quality there. The ODA consultancy has put […] Read more
First production estimates often lowball crop size
Forecasting the size of a crop while it is growing is difficult. The trade expects a bumper crop this year. Farm groups are warning the railways to prepare. Of course it won’t be a bumper one on every farm. Those with excess rain and heavy disease pressure are likely frustrated by the talk of strong […] Read more
