BUENOS AIRES/CHICAGO (Reuters) – Argentine soy farmers and crushers expect a boost in demand next year after the South American grains giant won long-sought approval from China to export soymeal to the world’s biggest consumer of the livestock feed. Argentina, the top international supplier of soymeal, announced on Tuesday that China would allow imports for […] Read more
News
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
PED makes nasty comeback in Manitoba
Manitoba is grappling with a hog disease outbreak that’s so severe it’s even showing up in U.S. import statistics. As of Sept. 10, 74 Manitoba hog production facilities have been discovered positive for porcine epidemic diarrhea virus this year as a widespread outbreak that began in May continues to knock down new barns. Before May, […] Read more
Frost strikes numerous locales, wet conditions slows harvest
WINNIPEG (MarketsFarm) – Numerous areas throughout the growing areas of Manitoba experienced frost, according the province’s weekly crop report for the week ending Sept. 9. The coldest locations were Sprague in the eastern region, Narcisse in the Interlake and Lake Audy in the southwest, which experienced temperatures of minus two Celsius on Sept. 8. Many […] Read more
Trudeau kicks off re-election campaign
OTTAWA, (Reuters) – Canadian Prime Minister Justin Trudeau kicked off a challenging six-week re-election campaign on Wednesday and immediately faced new questions about a nagging ethics scandal that could cut support for his Liberal Party. Trudeau, who swept to office in November 2015 promising “sunny ways” and stressing the importance of gender equality and the […] Read more
Pallister re-elected in Manitoba
The pollsters were right. The Progressive Conservative party sailed to an election victory last night, un-officially winning 36 out of 57 possible seats in Manitoba’s legislature. Premier Brian Pallister and the PC party won easily, thanks to overwhelming support in rural Manitoba. They took every constituency in the agricultural regions in the province and the […] Read more
Dollar, harvest keep pressure on canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to weaker on Tuesday, pressured by harvest development and a strong Canadian dollar. The Canadian dollar remained just over 76 U.S. cents, riding the coattails from last week’s rally and keeping a lid on values. As harvest continues, prices may go lower, due to […] Read more
Manitoba voters go to the polls today
Manitobans pick a new government today and if polling is correct, the Progressive Conservatives should coast to a re-election victory. Premier Brian Pallister and the Tories had a massive advantage going into the campaign, as they won 40 out of a possible 57 seats in the 2016 election. The Manitoba Poll Tracker, compiled by Eric […] Read more
Stronger dollar affects canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Monday, as a strong Canadian dollar and weaker soy oil values weighed on prices. The Canadian dollar has hovered around 76 U.S. cents for the past few days, which has made canola less attractive to buyers. A Winnipeg-based trader explained that speculative long traders […] Read more
Big changes unlikely in next supply/demand report
WINNIPEG (MarketsFarm) – Ahead of the next supply and demand report from the United States Department of Agriculture (USDA), several firms issued their estimates for U.S. corn and soybean yields. The USDA is scheduled to release its next World Agriculture Supply and Demand Estimates (WASDE) on Sept. 12 at 7:30 am CDT. The report will […] Read more
