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Green lentils. (Savany/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Balance sheet tightening

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MarketsFarm — Canadian pea and lentil production failed to live up to earlier projections, according to the latest survey data from Statistics Canada. While both crops are still forecast to be above their year-ago levels, the tightening supply expectations should underpin prices. Canada’s 2019-20 lentil crop was pegged at 2.17 million tonnes in the government […] Read more
Canola in swath near Starbuck, Man. on Aug. 10, 2019. (MarketsFarm photo by Glen Hallick)
Crops, Markets, Weather

StatsCan report puts canola production at lowest since 2015

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MarketsFarm — Data from Statistics Canada’s production of principal field crops report, released Friday morning, will likely be supportive of canola values, put pressure on barley, and keep wheat prices steady. In the report, canola production across Canada decreased by 8.3 per cent nationally to 18.6 million tonnes, compared to 2018 production volumes. The decreased […] Read more
ICE Futures January 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola steady, awaits news

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MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain rangebound overall awaiting some fresh market-moving news. Some direction could come from the U.S. soybean complex, as the ongoing back-and-forth of trade talks with China could see some actual movement ahead of a Dec. 15 deadline that will see the […] Read more
CBOT March 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures drop sharply

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Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures sagged 1.8 per cent on Tuesday, the biggest percentage loss for the most-active contract in two months, on a round of profit-taking and technical selling, traders said. U.S. corn futures closed narrowly mixed, with nearby contracts weighed down by the drop in […] Read more
(Medioimages/Photodisc/Getty Images)
Crops, Reuters

CBOT weekly outlook: Impeachment process stifles markets

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MarketsFarm — U.S. President Donald Trump’s impeachment hearings have dominated headlines and stalled progress in numerous trade developments, leaving the Chicago Board of Trade (CBOT) starved of meaningful news. The Canada-U.S.-Mexico Agreement (CUSMA) has yet to be ratified by the U.S. House of Representatives. The trade pact, meant to replace the North American Free Trade […] Read more
File photo of propane tanks. (Joe_Potato/iStock/Getty Images)
Crops, Machinery, Reuters, Weather

U.S. states declare emergencies to help farmers in propane shortage

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Reuters — Regional shortages of propane, which is used for heating homes and barns and by farmers to dry their crops, have led to emergency declarations covering nine U.S. Midwest states amid late harvests of soggy grains. Iowa, Minnesota, North Dakota and Wisconsin declared state emergencies beginning in late October, and continued last Friday to […] Read more
File photo of propane tanks. (Joe_Potato/iStock/Getty Images)
Crops, Machinery, Weather

U.S. propane bottlenecks not affecting Canada

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MarketsFarm — Despite ongoing shortfalls of propane in some areas of the U.S. Midwest, the situation doesn’t appear to be adversely affecting Canada, according to the Canadian Propane Association. The late harvest in the Midwest has been further hampered by wet conditions, forcing farmers to dry their grain before putting it in the bin. As […] Read more

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