acres Archives | Canadian Cattlemen

Pulse weekly outlook: Chickpeas recover from previous lows

By Marlo Glass – MarketsFarm, GFM Network News May 26, 2020

MarketsFarm — Chickpea prices have recovered slightly from lows hit around the end of 2019, but they’re still a long way off historic highs from years past. Ahead of the 2018 growing season, chickpea prices were around 50 to 60 cents/lb. for growers, according to Darwin Hamilton of Kalshea Commodities in Winnipeg. Currently, large chickpea […] Read more

Crops, Markets, Reuters

U.S. grains: Corn, soybeans drift lower on favourable crop prospects

CBOT July wheat up on short-covering

By Julie Ingwersen, GFM Network News May 15, 2020

Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as generally favourable U.S. Midwest crop weather bolstered expectations for large harvests, analysts said. “We just don’t have enough demand … to overcome the good growing conditions that are seen across the Midwest,” said Brian Hoops, president of Midwest Market Solutions. So […] Read more

Crops, Markets, Weather

Bigger sunflower crop expected for 2020

By Phil Franz-Warkentin, GFM Network News May 15, 2020

MarketsFarm — Canada will likely see its largest sunflower crop in a number of years in 2020 if weather conditions co-operate, as good end-user demand and solid returns for growers generate increased interest in the crop. Canadian farmers intend to seed 104,400 acres of sunflowers this spring, which would be up 36 per cent on […] Read more

Crops, Markets, Reuters

U.S. grains: Corn up despite USDA forecast for ballooning stocks

Soybeans drift lower; wheat weaker on improving crop weather

By Christopher Walljasper, GFM Network News May 12, 2020

Chicago | Reuters — Chicago corn ended higher on Tuesday after the U.S. Department of Agriculture forecast U.S. corn stockpiles would top 3.3 billion bushels by the end of the 2020-21 marketing year, a 33-year high that nonetheless fell below an average of trade expectations. USDA’s forecast for 2019-20 corn ending stocks, at 2.098 billion […] Read more

Crops, Markets

Global wheat, corn, soy production expected to increase

By Glen Hallick - MarketsFarm, GFM Network News May 12, 2020

MarketsFarm — Global crop production in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) is expected to increase for wheat, corn and soybeans. USDA released its world agriculture supply and demand estimates (WASDE) on Tuesday. The expectation is that global wheat production will be bumped up by 0.56 per […] Read more

Crops, Lentils, Markets

Pulse weekly outlook: Lentils stabilize with seeding underway

By Phil Franz-Warkentin, GFM Network News May 12, 2020

MarketsFarm — Lentil bids in Western Canada may have come off their recent highs, but prices are still solid and should encourage more seeded area this spring. Increased demand tied to the COVID-19 pandemic gave lentil prices a boost in March, with the largest gains in red lentils which hit highs around the 32 cents/lb. […] Read more

Crops, Markets

Trade estimates vary ahead of StatsCan’s acreage report

By Glen Hallick - MarketsFarm, GFM Network News May 6, 2020

MarketsFarm — Opinions are wide-ranging on what Canadian farmers plan to plant in 2020, ahead of Statistics Canada’s first round of acreage estimates, due out Thursday. Prior to lockdown measures put in place due to the COVID-19 pandemic, StatsCan was scheduled to release its first principal field crops area report for 2020 on April 24. […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola acres could be in flux

By Glen Hallick - MarketsFarm, GFM Network News May 6, 2020

MarketsFarm — Canada’s canola acres are generally expected to be higher in the first area report of the year from Statistics Canada, compared to the 20.96 million acres estimated to have been seeded in 2019. Estimates are wide-ranging, with some analysts predicting a slight reduction in canola area and others calling for an increase of […] Read more

Crops, Markets, Pulses

Pulse weekly outlook: Chickpea acreage expected lower

By Marlo Glass – MarketsFarm, GFM Network News May 1, 2020

MarketsFarm — High global prices in the 2017-18 marketing year caused a global spike in chickpea production in 2018. It’s since taken a while for consumers to “chew through supplies,” which has put pressure on prices, according to Chuck Penner of LeftField Commodities. In a kabuli chickpea global outlook webinar hosted by the Global Pulse […] Read more

Canola, Crops, Markets

ICE weekly outlook: Demand keeps canola well supported

By Phil Franz-Warkentin, GFM Network News April 29, 2020

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, holding above major support as end-users showed solid demand. “The demand side of the formula is still quite good,” said Errol Anderson, of Pro Market Communications in Calgary. Domestic crushers were showing the best demand, he said, but added that exporters were […] Read more

U.S. livestock: Live cattle sag as wholesale beef prices retreat

U.S. grains: Soybeans up on China sales hopes

With beer taps off, malt barley demand down

GFM Network News