Crops , Latest & Featured - Canadian Cattlemen

Less canola, more barley area expected in next StatsCan report

By Marlo Glass – MarketsFarm June 24, 2019

MarketsFarm — Canadian farmers will likely grow less canola and more barley in 2019, though the jury is out on exact acreage numbers ahead of Statistics Canada’s seeded area estimates due out Wednesday. Barley prices have hit “historic highs” thanks to inclement corn-growing weather in the United States, which has buoyed most feed grain prices. […] Read more

Bison on pasture near Pigeon Lake, Alberta.

Forages, News

Feed Watch: June 24, 2019

A look at growing conditions for forage and feed across the Prairies and Ontario

By Lisa Guenther June 24, 2019

Some areas in Western Canada welcomed rain recently. But overall, the Prairies are facing a 200-millimetre moisture deficit, Environment Canada estimates. To turn around the growing season, timing of rain is at least as important as volume, Marlo Glass reports in MarketsFarm. Drought-stricken areas will need a rainy day every week or 10 days throughout […] Read more

Kansas City September 2019 hard red wheat with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Wheat rises on global weather worries

By Karl Plume June 24, 2019

Chicago | Reuters — U.S. wheat futures climbed nearly two per cent on Monday due to weather-damaged crops in key production areas around the world, while corn and soybeans firmed as wet U.S. Midwest conditions stoked concerns about reduced harvests. Some optimism that U.S.-China trade talks may get back on track also underpinned markets. The […] Read more

Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)

Crops, Reuters

Canopy Growth Q4 revenue beats as cannabis sales soar

By Reuters June 21, 2019

Reuters — Pot producer Canopy Growth reported better-than-expected quarterly revenue on Thursday, as efforts to strengthen its retail operations paid off and increased production capacity resulted in higher sales following Canada’s legalization of recreational cannabis. Marijuana companies in Canada have been pouring cash into their businesses to open stores and expand operations as the list […] Read more

CBOT July 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soy, corn ease as traders expect improving weather

By Tom Polansek June 21, 2019

Chicago | Reuters — U.S. corn and soybean futures slumped on Friday on expectations that crops may benefit next week from a break in the rains that stalled plantings across the American Midwest this spring. Widespread storms caused unprecedented delays in corn plantings and prevented farmers from planting crops across millions of acres. The weather […] Read more

Crops, Markets, Reuters, Weather

U.S. grains: Rains fuel crop worries, lift corn, soy, wheat

By Tom Polansek, GFM Network News June 20, 2019

Chicago | Reuters — U.S. grain and soybean futures jumped on Thursday as expectations for more rain in the U.S. Midwest heightened worries about bad weather reducing autumn harvests. Forecasts called for rain over the next five days, which would keep some fields too wet to plant and add stress to planted crops that are […] Read more

Canopy Growth CEO Bruce Linton applauds after handing Ian Power and Nikki Rose, who were first in line to purchase the first legal recreational marijuana after midnight, their purchases at a Tweed retail store in St John’s, N.L. on Oct. 17, 2018. (Photo: Reuters/Chris Wattie)

Crops, Markets, Reuters

Cannabis tax revenue below projections in early months

By Reuters June 20, 2019

Ottawa | Reuters — Canada’s federal and provincial governments earned $186 million in tax revenues from direct sales of cannabis in the first 5-1/2 months of legalization, Statistics Canada data showed on Wednesday, after two major provinces cut their revenue forecasts. Statistics Canada found Ottawa collected a combined $55 million in revenue via federal excise […] Read more

Belchim’s head office in Belgium. (Belchim.com)

Crops

EU crop chem firm Belchim buys full control of Canadian arm

By GFM Staff June 20, 2019

The Belgian crop chemical firm that bought a majority stake of Canadian crop chemical distributor Engage Agro in 2016 has bought up the rest of the business. Belchim Crop Protection announced Monday it had increased its stake in the Guelph-based company — which it renamed Belchim Crop Protection Canada in 2017 — to 100 per […] Read more

ICE July 2019 canola futures with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Weather the main factor in canola bids

By Glen Hallick June 19, 2019

MarketsFarm — Forecasts of rain for Western Canada will certainly help canola in terms of growing this year, said David Derwin of PI Financial in Winnipeg. “I spoke with several farmers from across the Prairies who said we got some good rains, a few who didn’t, but by in large, it’s good and the forecasts […] Read more

Crops, Markets, Peas, Pulses

Pulse weekly outlook: India’s drought could be field pea opportunity

By Marlo Glass – MarketsFarm June 19, 2019

MarketsFarm — Though India has curbed its pulse crop imports from Canada in recent years due to disagreements over crop control and fumigation, a challenging growing season in India could make Canadian pulses more attractive. Drought-like conditions in key growing areas of India have killed dozens of people and endangered crops. According to Reuters, key […] Read more

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Daily Network News