The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added that it remains to […] Read more
Tag Archives markets — page 5
StatCan durum number smaller than trade expectations
Statistics Canada’s forecast of 2017 crop production was similar to what the trade expected in most crops except durum. Production of most major crops is down significantly from last year because of challenging growing conditions this year, particularly dry weather in southern areas. Durum production at 3.898 million tonnes is down almost 50 percent from […] Read more
Late-summer canola prices holding steady
If you had gone away for two weeks of summer holidays and came back Monday, you might think nothing had been happening in the market. But that would have only applied to the canola futures market, which has been relatively flat and rangebound since mid-July, with most other crops gradually trending down. “It’s certainly holding […] Read more
USDA pegs U.S. corn, soybean, wheat crops above trade forecasts
WASHINGTON, Aug 10 (Reuters) – The 2017 U.S. corn and soybean harvests will be bigger than expected despite a slow start to planting and concerns that hot and dry conditions stressed the corn crop during critical periods of development, the government said on Thursday. The U.S. Department of Agriculture’s forecasts for corn yield and production […] Read more
Chickpeas expected with top quality, lower yields
Hot and dry conditions cut into the yield potential and physical size of Canada’s chickpea crop, but the quality should be excellent while prices remain relatively strong. “It’s anybody’s guess,” said Colin Young, of Midwest Grain Ltd. in Saskatchewan on the overall state of the chickpea crop. He said rainfall was “significantly below average” in […] Read more
Durum market looks promising
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 like John Duvenaud of the Wild Oats Grain Market Advisory, have […] Read more
Analyst’s Prairie tour sees wide crop variability
After a 4,500 kilometre tour of the Canadian Prairies, Bruce Burnett, director of markets and weather with Glacier FarmMedia confirmed what many suspect. Crop yields potential in Western Canada is highly variable and production will be less than in recent high production years. “Variable is the word this year,” he said. Burnett covered large parts […] Read more
U.S. spring wheat, soy acreage less than expected – USDA
Almost all crop futures were trading higher on Friday following major reports from the U.S. Department of Agriculture, but the true bullish numbers were in spring wheat on lower than expected seeded area and soybeans on lower than expected quarterly stocks. USDA pegged spring wheat acreage at 10.899 million acres, down from its March estimate […] Read more
StatsCan – Oilseeds jump higher in seeded area report
Canadian farmers say they favoured oilseeds as they wrapped up planting the 2017 crop, according to a survey by Statistics Canada. The report issued Thursday morning pegged canola area at 22.837 million acres, at the high end of the trade’s range of expectations. The area is 12.1 percent more than last year. It will be […] Read more
Farmers on Trump’s NAFTA radar
(Reuters) – The Trump administration on Thursday set the clock ticking toward a mid-August start of renegotiations of the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers. With a letter to U.S. lawmakers, U.S. Trade Representative Robert Lighthizer said he triggered a 90-day […] Read more
