Crops , Latest & Featured - Canadian Cattlemen

Prairies can expect far better harvest weather this fall

By Glen Hallick, GFM Network News September 18, 2020

MarketsFarm — Prairie farmers are likely going have good weather over the next few weeks, according to Scott Kehler of Weatherlogics. “We got a pretty significant warm-up across most of the Prairies through to the end of September. It should be fairly warm and not too much in the way of precipitation,” he said. “At […] Read more

Canola, Crops, Markets

Funds’ net long keeps growing in canola

By Phil Franz-Warkentin, GFM Network News September 18, 2020

MarketsFarm — The fund net long position in canola continued to climb higher during the week ended Tuesday, as speculators continued to add to their bullish bets in the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were […] Read more

CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soy extends climb, wheat jumps

Dry weather elsewhere supports wheat futures

By Julie Ingwersen, GFM Network News September 18, 2020

Chicago | Reuters — Chicago soybean futures extended their bull run on Friday, reaching a two-year top as top global buyer China continued with daily purchases of U.S. soybeans. Wheat futures surged more than three per cent on fears of tightening supplies from key exporters, and corn futures rose for a third straight session. Chicago […] Read more

CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans touch two-year top on China buying spree

Wheat up on technical buying, cash prices

By Julie Ingwersen, GFM Network News September 17, 2020

Chicago | Reuters — U.S. soybean futures extended their rally on Thursday, rising 1.7 per cent to set a two-year high as brisk demand from China continued to support the oilseed market. Corn rose as the strength in soybeans overshadowed pressure from a smaller-than-expected Chinese corn import quota. Wheat futures jumped on technical buying and […] Read more

Barley. (Photo courtesy Canada Beef Inc.)

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Prices stronger after harvest

By Marlo Glass – MarketsFarm, GFM Network News September 17, 2020

MarketsFarm — Feed grain prices have been higher as the harvest has concluded across most of the Canadian Prairies. “It feels like last week and this week, the harvest has wrapped up in many areas,” said Allen Pirness, a trader with Market Place Commodities in Lethbridge. “That should switch the focus for getting the crop […] Read more

Crops, Lentils, Markets

Saskatchewan lentil crop projections raise skepticism

By Glen Hallick, GFM Network News September 17, 2020

MarketsFarm — There’s a little skepticism towards Statistics Canada’s projections for this fall’s lentil crop in Saskatchewan. The federal agency on Monday pegged the province’s 2020 lentil crop to come in at around 2.61 million tonnes on about 3.73 million acres. That’s almost a 26 per cent jump in production on a 13.2 per cent […] Read more

File photo of rye at a grain market in India. (Deepak Sethi/E+/Getty Images)

Crops, Markets, Reuters

Indian cabinet minister quits over farm legislation

By Mayank Bhardwaj, GFM Network News September 17, 2020

New Delhi | Reuters — India’s minister for food processing resigned on Thursday over her opposition to planned laws to allow farmers to sell produce directly to bulk buyers and make contract farming easier, saying the legislation will hurt millions of the country’s farmers. “Proud to stand with farmers as their daughter and sister,” Harsimrat […] Read more

No injuries were reported in the collapse of a grain bin at Fibreco’s Vancouver port terminal on Sept. 11, 2020. (DNV Fire Rescue Service photo via Twitter)

Crops

‘Structural failure’ downs Vancouver terminal grain bin

Terminal owner Fibreco, bin maker AGI pledge to investigate

By Dave Bedard, GFM Network News September 17, 2020

The owner of a new West Coast grain and pulse crop export terminal pledges to investigate the collapse Friday of a new commercial-scale grain bin at its site. Fibreco Export Inc., a wood fibre exporter majority-owned by forest products firm Tolko Industries, said in a release Saturday that “one of our new agricultural product silos […] Read more

Morris’ Quantum Air Drill had its first public appearance at Canada’s Farm Progress Show and its formal launch at Ag in Motion in 2018. (Grainews photo by Scott Garvey)

Crops, Machinery

Court approval sought for Morris Industries sale

Rite Way deal the 'highest and best offer received'

By Dave Bedard, GFM Network News September 17, 2020

The court overseeing creditor protection for seeding equipment maker Morris Industries is being asked to approve a deal for the company’s sale to another Saskatchewan manufacturer. Calgary consultancy Alvarez and Marsal, the court-appointed monitor for Morris, said Tuesday in its latest report to Court of Queen’s Bench in Saskatoon it recommends approval of a sale […] Read more

ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola futures at two-year highs

By Phil Franz-Warkentin, GFM Network News September 16, 2020

MarketsFarm — ICE Futures canola contracts climbed to their strongest levels in two years during the week ended Wednesday, but could be nearing their highs for the time being as harvest pressure should start weighing on values. “We’re running into the top end on the monthly and weekly charts,” said Jamie Wilton, senior commodity futures […] Read more

Daily Network News

Association of Equipment Manufacturers sets up lobby in Ottawa

Corteva to split seeds, pesticide units into separate listed companies

Prairie spring wheat bids soften with U.S. futures

Crops

Prairies can expect far better harvest weather this fall

Funds’ net long keeps growing in canola

U.S. grains: Soy extends climb, wheat jumps

U.S. grains: Soybeans touch two-year top on China buying spree

Feed weekly outlook: Prices stronger after harvest

Saskatchewan lentil crop projections raise skepticism

Indian cabinet minister quits over farm legislation

‘Structural failure’ downs Vancouver terminal grain bin

Court approval sought for Morris Industries sale

ICE weekly outlook: Canola futures at two-year highs

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