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Crops Crops

(Photo courtesy Canada Beef Inc.)
Crops, Markets, Spring Wheat

Feed weekly outlook: Demand strong for Canadian wheat

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MarketsFarm — Domestically-grown feed wheat is seeing stronger prices and increased demand — but unlike other commodities, the demand is coming from Canada itself. Wheat has become a more desirable crop for feed rations in recent months as barley prices have risen due to increasing exports to China. With less barley available to feedlots, wheat […] Read more
CBOT March 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans, corn slump on record USDA acreage projections

Wheat gains on harsh U.S. cold, surging European wheat

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Chicago | Reuters — Corn and soybean futures retreated on Thursday after the U.S. Department of Agriculture (USDA) projected that U.S. farmers would devote more acres to the two crops this spring than any year on record. U.S. wheat futures, meanwhile, climbed to the highest level in 2-1/2 weeks on rallying European wheat prices, a […] Read more
A container terminal at the Port of Vancouver. (FangXiaNuo/E+/Canada)
Crops

Grain handler group seeks Vancouver port governance overhaul

The WGEA, whose members ship most of Western Canada's grain, complain the port is in a conflict of interest as both developer and regulator

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Vancouver, Canada’s biggest port and the most important to Western Canada’s economy, needs major changes in how it operates, the Western Grain Elevator Association (WGEA) says. As a statutory monopoly the port authority is both a port developer and regulator putting it in a conflict of interest, according to WGEA executive director Wade Sobkowich. “We […] Read more
(File photo by Dave Bedard)
Crops, Markets, Reuters

Nutrien beats profit expectation on strong potash sales

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Reuters — Canadian fertilizer maker Nutrien posted fourth-quarter profit above analysts’ estimates on Wednesday as potash demand rose amid rising crop prices, sending its U.S.-listed shares up in extended trade. Fertilizer producers have benefited from high U.S. crop exports, including record-large corn sales to China. With crop prices touching multi-year highs, farmers are poised to […] Read more
(JohnnyMad/Getty Images)
Crops, Markets

Mustard growers face decision time

AAFC projects more acres in 2021-22

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MarketsFarm — For Canadian mustard seed growers, next month will be crucial in learning whether seeding predictions from Agriculture and Agri-Food Canada come to fruition. Current mustard seed prices, though, seem to support a rise in the number of acres this coming crop year. Canadian farmers in 2020 grew 99,000 tonnes of mustard seed, the […] Read more
CBOT March 2021 wheat with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat retreats after cold-weather rally

Corn, soy futures consolidate

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Chicago | Reuters — U.S. wheat futures fell two per cent on Wednesday, retreating from a two-week high set in early moves, as concerns eased about cold-weather damage following a frigid weekend in the U.S. Plains, analysts said. Corn futures firmed slightly, consolidating below multi-year highs established last week, and soybean futures closed mixed. A […] Read more
(Dave Bedard photo)
Crops, Markets

Canola stocks to tighten below a million tonnes, AAFC says

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MarketsFarm — Canadian canola ending stocks in both the current 2020-21 marketing year and in 2021-22 are forecast to tighten below a million tonnes, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. The tight stocks were largely tied to expectations for increased domestic usage, with projected canola exports left unchanged from the January […] Read more
CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)
Corn, Crops, Markets, Soybeans, Weather

CBOT weekly outlook: Weather wreaks havoc on crops

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MarketsFarm — Unusual weather, both in North and South America, has significantly affected commodities this week at the Chicago Board of Trade, according to a broker. A brutal cold snap, extending from northern Canada to the U.S.-Mexico border, has slowed down soybean crushing, halted production at ethanol refineries and raised energy prices in the U.S., […] Read more

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