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ICE November 2021 canola (candlesticks) with Bollinger bands (20,2) and July 2021 canola (yellow open/high/low/close). (Barchart)
Canola, Crops, Markets, Weather

ICE weekly outlook: Canola market pits weather against supplies

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MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern Alberta received rain, followed by […] Read more
Barley. (Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Canada’s barley exports show no signs of slowing

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MarketsFarm — Tight Canadian barley supplies, due in part to surging export demand, have kept feed grain bids well supported in the Prairies over the past few months. The cupboards, however, are not quite bare, with weekly Canadian barley exports hitting their second-highest level of the crop-year-to-date. Canada exported 175,500 tonnes of barley during the […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Dry weather may cut into Canadian crop prospects, AAFC says

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MarketsFarm — Dry weather conditions across Western Canada could cut into production prospects in the region, according to updated supply/demand tables released Thursday by Agriculture and Agri-Food Canada. “Extremely dry conditions prevail in large parts of Western Canada, allowing for rapid seeding progress which is trending ahead of normal; however, timely precipitation this spring and […] Read more
File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)
Crops, Peas, Pulses

Pulse weekly outlook: Peas, beans hold up in dry Manitoba

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MarketsFarm — Of the pulses being planted in Manitoba this spring, field peas and dry beans appear the best able to handle the difficult drought conditions the province continues to experience throughout its growing areas. Field peas “have a relatively low water requirement, similar to dry beans,” Cassandra Tkachuk, production specialist with Manitoba Pulse and […] 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

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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

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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

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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

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