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ICE January 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and CBOT January 2022 soyoil (grey line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola’s trend line still pointed higher

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MarketsFarm — The ICE Futures canola market strengthened during the week ended Wednesday, hitting fresh highs in many contract months. “The trend remains up,” analyst Mike Jubinville of MarketsFarm Pro said. “The price of canola needs to be put at a level that discourages exports, while the domestic crushers actively pursue attaining as much of […] Read more
MGEX July 2021 spring wheat (candlesticks) with CBOT and K.C. July 2021 winter wheats (yellow and green lines). (Barchart)
Crops, Markets, Spring Wheat, Winter Wheat

CBOT weekly outlook: MGEX wheat spread widens over winter wheats

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MarketsFarm — Hot, dry growing conditions in key spring wheat-growing regions of the northern U.S. and Canadian Prairies have seen Minneapolis (MGEX) spring wheat futures widen their spread over Chicago and Kansas City winter wheat contracts over the past few weeks — with additional strength likely given the current weather forecasts. Nearby spring wheat futures, […] Read more
AFSC CEO Darryl Kay announced a 20 per cent cut in farmers’ AgriInsurance premiums for the 2021 crop year on Jan. 25. (AFSC video screengrab via YouTube)
Crops, Weather

Alberta crop insurer taps reserve to cut premiums

AFSC to pare premiums by 20 per cent

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The reserve at Alberta’s Crown crop insurance agency will be tapped to offset the premiums charged to farmers for the 2021 crop year, and possibly for longer. The province’s Agriculture Financial Services Corp. (AFSC) said Monday its farmer customers will get a 20 per cent discount on crop insurance premiums this year — which on […] Read more
ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets, Weather

ICE weekly outlook: Canola shows volatility after long weekend

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MarketsFarm — Although there remains a lot of canola to be combined, one trader believes most harvest pressure on the market has already passed. “The farmers who wanted to sell off of the combine or shortly after, probably have done so already,” said Jerry Klassen, an independent Winnipeg commodities trader. There will still be some […] Read more
(SCIC.ca)
Beef Cattle, Livestock, Markets

Saskatchewan extends WLPIP premium rebate if needed

Rebate to offset premium prices, if above pre-COVID levels

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Saskatchewan’s temporary subsidy against price jumps in premiums for the Western Livestock Price Insurance Program (WLPIP) will continue when needed to the end of 2020. Saskatchewan Crop Insurance Corp. (SCIC), which administers the program in that province, announced Tuesday the WLPIP premium rebate is extended to Dec. 31, from its previous end date of Sept. […] Read more
MGEX September 2020 spring wheat (candlesticks) and Kansas City (K.C.) September 2020 hard red winter wheat (yellow line). (Barchart)
Crops, Markets

CBOT weekly outlook: Spring wheat premium widening over winter wheat

Row crop futures stuck in sideways range

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MarketsFarm — All eyes remain on weather conditions in U.S. grain and oilseed markets, with soybeans and corn stuck in sideways patterns while seasonal harvest pressure causes the spring wheat premium to widen over the winter wheats. The advancing winter wheat harvest has weighed on Chicago and Kansas City winter wheat contracts recently, with reports […] Read more
(Photo courtesy Canada Beef Inc.)
Cow-Calf, Livestock, Markets

WLPIP calf price insurance deadline extended

Three-week extension includes nine purchasing days

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Cattle producers in the western provinces will get extra decision-making time this year on the calf price insurance available through Western Livestock Price Insurance (WLPIP). The Prairies’ Crown ag insurance corporations announced Thursday that the deadline to buy WLPIP calf price insurance for 2020 has been extended to June 18. The new deadline, reset from […] Read more
(File photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Saskatchewan to adjust WLPIP premiums for producers

Province also opts in to fund AgriRecovery set-aside plan

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The Saskatchewan government plans to temporarily subsidize livestock producers entering the Western Livestock Price Insurance Program (WLPIP) against its recent jump in program premium costs. The province on Thursday announced it will provide $5 million to “partially offset” WLPIP premiums, which it noted have risen “significantly” since the end of February this year on COVID-19-induced […] Read more

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