Markets
SOUTHEAST Precipitation varied from 18 to 43 mm. Cropland topsoil moisture is rated 25 percent surplus and 75 percent adequate, while 20 percent of hayland and pastures are surplus. Crop damage was caused by excess moisture and diseases such as root rot, leaf spots, sclerotinia and botrytis. SOUTHWEST Rainfall ranged from trace amounts to 98 […] Read more
Markets
Latest crop report from Saskatchewan
Alberta releases latest crop report
SOUTH Significant rainfall benefited crops but caused lodging. Hail damage was also reported. Surface and sub-surface moisture improved and is rated at 70 and 58 percent good to excellent. Pasture and tame hay conditions declined with 45 and 41 percent rated as good to excellent. CENTRAL Precipitation improved soil moisture and delayed haying operations. Surface […] Read more
Major setback or minor disruption?
It is clear that heavy rains have caused yield and quality damage to this year’s lentil crop but it’s too early to assess the extent of the damage, say experts. Much of the prime lentil growing region of Saskatchewan has received excess summer rainfall. A wide swath, stretching from the southwestern corner of the province […] Read more
Crop market downplays impact of U.S. heat dome
Soaring temperatures centred in the central Plains but spreading over much of the United States this week have officials warning people to take precautions to avoid heat stroke. However, crop prices this week were hardly reacting. The heat comes as corn is pollinating and soybeans are about to go into their reproductive stage. Corn and […] Read more
Manitoba flax becomes minor crop
Manitoba will record its lowest acreage of flax this year since Mackenzie King was prime minister. The Manitoba Agricultural Services Corp. estimates the province will have less than 70,000 acres of flax. In 1938, Manitoba farmers seeded 43,000 acres of flaxseed, based on Statistics Canada data. This spring, Statistics Canada is forecasting 85,000 acres. Acres […] Read more
Failed Turkish coup won’t rock markets
A failed military coup in Turkey will not disrupt trade with Canada’s second largest lentil buyer, says an expert. Peter Hall, vice-president of Export Development Canada, said the world was taken by surprise when factions of Turkey’s military attempted to overthrow the government last weekend. Forces supportive of Turkish President Recep Tayyip Erdogan quickly quelled […] Read more
Maple Leaf expands Winnipeg plant
Maple Leaf Foods is spending $5.9 million on a bacon production line at its Winnipeg plant, part of a $35 million expansion of the facility. The federal and Manitoba governments are assisting with an investment of $500,000 in the project, expected to push bacon production at the plant up by eight million kilograms a year. […] Read more
U.S. GMO labelling bill a necessary compromise
The United States Congress has passed a GMO labelling bill, heading off what could have been a conflicting patchwork of state laws. Lawmakers say the measure is about transparency, but it will do little to help the public understand the role and safety of genetic alteration of crops and other food ingredients. But at least […] Read more
Canfax report
Feds losing money The August Chicago live contract hit a five year low of US$108.90 per hundredweight July 12 before recovering a little. It is hard to understand the futures market’s pessimism when cash prices are at an historically large premium against the nearby Chicago contract. U.S. steer carcasses are down seven pounds from last […] Read more
WP livestock report
Hogs down Hog supply was adequate, and although pork exports are strong, they are not enough to keep hog prices up as we move into the weak demand period of mid-summer. The U.S. national live price average for barrows and gilts was $58.44 per hundredweight July 15, down from $61.78 July 8. U.S. hogs averaged $72.58 […] Read more
