acres Archives | Canadian Cattlemen

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

ICE weekly outlook: Rain needed to bolster canola crop

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

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

Chickpeas. (Grigorenko/iStock/Getty Images Plus)

Crops, Markets, Pulses

Pulse weekly outlook: Chickpea acres ‘sharply’ down

By Adam Peleshaty, GFM Network News 4 days ago

MarketsFarm — Despite prices higher than last year’s, Canada’s chickpea acres are expected to decline this year and, in turn, will result in less production in the 2021-22 crop year. High-delivered bids for Kabuli chickpeas, the type most commonly grown in Canada, run from 25 to 35 cents/lb., three to seven cents higher than last […] Read more

CBOT July 2021 corn (candlesticks) with 20-day moving average (dark green line) and December 2021 corn (yellow line). (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn futures pierce eight-year peak

Soy rallies on supply worries

By Tom Polansek, GFM Network News May 7, 2021

Chicago | Reuters — Chicago Board of Trade corn futures extended a rally above eight-year highs on Thursday as dry weather threatened harvest yields in major exporter Brazil and kept traders’ focus on ebbing global supplies. Soybeans approached an 8-1/2-year peak reached last week, buoyed by rallying vegetable oil prices, and wheat was also higher. […] Read more

A hemp plant in Alberta. (Jennifer Blair photo)

Crops, Markets

Hemp poised for year of gains

Nationwide increase in acres expected

By Glen Hallick - MarketsFarm, GFM Network News May 4, 2021

MarketsFarm — The hemp industry in Canada is set for a good year in 2021, according to Canadian Hemp Trade Association (CHTA) CEO Ted Haney. “It looks like we are looking at another 15 to 20 per cent increase in seeded acres nationally, which should take us over the 100,000-acre level for sure,” he said. […] Read more

Barley south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Barley, Crops, Markets

Feed weekly outlook: Solid exports support domestic barley market

By Phil Franz-Warkentin, GFM Network News April 30, 2021

MarketsFarm — Canada has already exported more barley through the first two-thirds of the 2020-21 marketing year than in any full crop year in over a decade. That solid export pace is keeping domestic prices well supported, with an increase in seeded area in 2021-22 expected. Export data from the Canadian Grain Commission through March […] Read more

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (light yellow, dark yellow, dark green lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Challenging crop year ahead for canola

By Glen Hallick - MarketsFarm, GFM Network News April 28, 2021

MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for PI Financial in Winnipeg. “That […] Read more

File photo of a green soybean crop south of Winnipeg. (Dougall_Photography/iStock/Getty Images)

Corn, Crops, Soybeans

Canada’s soybean, corn acres projected to rise

StatsCan's estimates see Ontario, Quebec, Manitoba planting more

By Dave Bedard, GFM Network News April 28, 2021

Statistics Canada’s first read of farmers’ intentions for the 2021 growing season shows more Canadian acres going into both soybeans and corn. Farmers nationwide anticipate planting 5.3 million acres to soy in 2021, up 5.5 per cent from 2020, StatsCan said in its field crop survey released Tuesday. “An increase in anticipated (soy) area is […] Read more

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

Crops, Markets, Peas

Pulse weekly outlook: StatsCan’s pea, chickpea acres short of trade expectations

By Adam Peleshaty, GFM Network News April 28, 2021

MarketsFarm — Numbers were seen as disappointing for dry peas and chickpeas in Statistics Canada’s survey-based principal field crop planting projections released Tuesday. The federal agency predicted 3.839 million acres seeded for dry peas nationwide, nearly a 10 per cent decline compared to last year. By comparison, MarketsFarm projected 4.38 million acres while Agriculture and […] Read more

Crops, Markets

StatsCan’s projected canola area on low side of expectations

Wheat acres expected lower, barley up

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

MarketsFarm — As the market grapples with new planting projections from Statistics Canada, one thing was abundantly clear to MarketsFarm Pro analyst Mike Jubinville: this canola forecast isn’t enough to rectify tight ending stocks. In StatsCan’s survey-based principal field crop areas report, released Tuesday, the federal agency pegged canola acres for 2021-22 at 21.53 million, […] Read more

CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn nears eight-year high on tight supplies

Wheat, soybeans at 2013 peak

By Christopher Walljasper, GFM Network News April 26, 2021

Chicago | Reuters — Chicago corn futures climbed on Monday to their highest since June 2013 as concerns about South American supplies buoyed the market. Strength in corn pulled wheat and soybeans to eight-year highs. Chicago Board of Trade most-active July corn ended limit up at $6.57-1/2 per bushel (all figures US$). July soybeans gained […] Read more

Ex-GFO CEO to manage Seeds Canada

Tory MP’s bill on farm transfer tax treatment moves ahead

Forecast, flea beetles complicate canola timing

GFM Network News