WINNIPEG, (MarketsFarm) – In the latest supply and demand report from United States Department of Agriculture (USDA), the global wheat forecast was revised downward due to difficult weather conditions. The USDA has now projected 765.53 million tonnes of wheat to be produced in 2019/20, according to the department’s World Agriculture Supply and Demand Estimates (WASDE) […] Read more
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Lower dollar, higher soy boosts canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday, thanks to a lower Canadian dollar and spillover support from soybeans on the Chicago Board of Trade. The Canadian dollar was around 76 U.S. cents earlier in the week, but settled down to around 75.4 cents on Friday afternoon, supporting canola values. […] Read more
Canada oat, barley production up, according to StatsCan survey
OTTAWA, (Reuters) – Oat production in Canada grew by 16.9 percent in 2019 compared to 2018, and barley production was up by 19.2 percent, according to a recent Statistics Canada survey, based in part on satellite and agroclimatic data. The survey also said that all-wheat production increased by 0.9 percent, while canola production was expected […] Read more
Western Canadian wheat: Bids get support from U.S. gains
WINNIPEG, (MarketsFarm) – Wheat bids in Western Canada were higher for the week ended Sept. 12. There were gains in Canadian Western Red Spring Wheat (CWRS), Canada Prairie Red Spring (CPRS) and Canadian Western Amber Durum (CWAD) in all locations. The Canadian dollar was up by more than a tenth of a cent, which tempered […] Read more
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
U.S. soybean, corn yields down, wheat stays the same
WINNIPEG, (MarketsFarm) – The United States Department of Agriculture (USDA) September supply and demand report saw downward revisions for corn and soybeans, but kept its estimates for wheat where they were in August, The department released its World Agricultural Supply and Demand Estimates (WASDE) on Sept. 12. “Prices rallied after the report came out because […] 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
Canadian canola harvest expected to drop 4.8 percent, the smallest in four years
OTTAWA (Reuters) – Canadian canola production is expected to fall 4.8 percent to 19.4 million tonnes in 2019 despite higher yields, Statistics Canada said this week in a survey based in part on satellite and agroclimatic data, making it the smallest harvested canola crop anticipated in four years. Canola yields are expected to jump 3.8 […] Read more
Trump trade-war aid sows frustration in farm country
ROCHESTER, Minn., (Reuters) – The U.S. government is paying Texas cotton farmer J. Walt Hagood $145 an acre for losses related to U.S. President Donald Trump’s trade policies. But Minnesota soybean farmer Betsy Jensen will get just $35 an acre. Both farmers’ sales have taken heavy blows in Trump’s trade war with China. Neither understands […] Read more
Cool, wet weather hampers Saskatchewan harvest: report
Winnipeg (MarketsFarm) – Cool and wet weather hampered harvest operations in Saskatchewan during the week ended Sept. 9, according to the latest provincial crop report. The harvest was roughly 18 percent complete by the end of the week. That was up from 11 percent the previous week, but well behind the five-year average of 43 […] Read more
