Stories by Glen Hallick - MarketsFarm

Corn seedlings in southern Ontario. (Farmtario photo by John Greig)

CBOT weekly outlook: Weather market expected for rest of month

By Glen Hallick - MarketsFarm, GFM Network News 4 days ago

MarketsFarm — The weather is just one of the factors guiding futures values at the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago. As prices have fluctuated with hot and dry weather interrupted by rain, Reilly noted there’s more to the ebbs and flows than the latest […] Read more

File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Crops, Pulses, Weather

Pulse weekly outlook: Timely rains benefitting Saskatchewan crops

By Glen Hallick - MarketsFarm, GFM Network News 5 days ago

MarketsFarm — As with crops across the Prairies, pulses in Saskatchewan got a much timely shot in the arm with recent rainfall, according to Carl Potts, executive director of Saskatchewan Pulse Growers. “I think pulse crops have benefitted from the rains we’ve had over the last two or three weeks here in the province,” he […] Read more

ICE November 2021 canola (candlesticks) with Bollinger bands (20,2) and July 2021 canola (yellow open/high/low/close). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Canola market pits weather against supplies

By Glen Hallick - MarketsFarm, GFM Network News June 9, 2021

MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern Alberta received rain, followed by […] Read more

Green lentils. (Savany/iStock/Getty Images)

Crops, Lentils, Markets

Pulse weekly outlook: India’s tariff elimination has little effect on Canada

By Glen Hallick - MarketsFarm, GFM Network News June 2, 2021

MarketsFarm — A temporary elimination of some import duties on three pulses currently has little effect on Canada, according to Mac Ross, director of market access and trade policy for Pulse Canada. Earlier in mid-May, the Indian government ordered the suspension of tariffs on pigeon peas, mung beans and urad/black gram lentils until Oct. 31. […] Read more

Crops, Markets, Weather

CBOT weekly outlook: Higher spring wheat all about dry North Dakota

By Glen Hallick - MarketsFarm, GFM Network News June 2, 2021

MarketsFarm — As heat and dryness prevail across North Dakota, prices for Minneapolis (MGEX) spring wheat will continue to rise, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Ettner pointed to the weekly crop progress report from the U.S. Department of Agriculture that showed the condition of spring wheat in North Dakota […] Read more

ICE November 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT December 2021 soyoil (green line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Swings ahead for canola

By Glen Hallick - MarketsFarm, GFM Network News May 27, 2021

MarketsFarm — If anything is certain for canola values, it’s that they are going to be swingy for the next while, according to Ken Ball of PI Financial in Winnipeg. Canola bids, especially new-crop, have been on the downswing lately, largely due to precipitation the Prairies recently received. While the resulting moisture won’t rectify the […] Read more

CBOT July 2021 soybeans with Bollinger (20,2) bands. (Barchart)

Crops, Markets

CBOT weekly outlook: Commodities see ‘much needed’ correction

'You’re not going to go up every day'

By Glen Hallick - MarketsFarm, GFM Network News May 20, 2021

MarketsFarm — A bullish market and sharp increases in commodities at the Chicago Board of Trade (CBOT), turned downward Wednesday in what Sean Lusk of Walsh Commercial Hedging Services called a “much needed correction.” Prices pulled back that day by varying degrees for soybean, corn and wheat futures, coinciding with declines in other commodity futures […] Read more

Crops, Peas, Pulses

Pulse weekly outlook: Peas, beans hold up in dry Manitoba

By Glen Hallick - MarketsFarm, GFM Network News May 18, 2021

MarketsFarm — Of the pulses being planted in Manitoba this spring, field peas and dry beans appear the best able to handle the difficult drought conditions the province continues to experience throughout its growing areas. Field peas “have a relatively low water requirement, similar to dry beans,” Cassandra Tkachuk, production specialist with Manitoba Pulse and […] Read more

Crops, Spring Wheat, Winter Wheat

Last year’s flour output up in most categories

By Glen Hallick - MarketsFarm, GFM Network News May 18, 2021

MarketsFarm — Statistics Canada reported on Monday that Canadian wheat millers processed 3.267 million tonnes of all wheat in 2020 — a slight increase of about 2.1 per cent over 2019, keeping flour processing on the rise over the last four years. There were also year-to-year increases in the other categories tracked by the federal […] Read more

ICE November 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Rain needed to bolster canola crop

By Glen Hallick - MarketsFarm, GFM Network News May 12, 2021

MarketsFarm | Rain — specifically, the lack thereof — is quickly becoming the key issue for canola values, according to Ken Ball of PI Financial in Winnipeg. Until now, dry conditions across much of the Prairies have not been much a factor in canola prices, he said. “We’ve got to get some rain in a […] Read more

B.C. again waives ag income threshold for farm properties

Flea beetles a nuisance for canola crop

Businesses, U.S. legislators fume as Canada extends travel ban

GFM Network News