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AAFC’s Drought Monitor map effective Jan. 31, 2022. (Agriculture and Agri-Food Canada)
Crops, Weather

Drought conditions ease slightly across Prairies

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MarketsFarm — Mixed precipitation throughout January helped drought conditions improve across much of the Canadian Prairies during the month, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada (AAFC), released Tuesday. Conditions have deteriorated in some areas, however, and the majority of Western Canada was still in some kind of drought state. […] Read more
(Bondarillia/iStock/Getty Images)
Crops, Markets, Pulses, Weather

Pulse weekly outlook: Pulse stocks drop due to drought

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MarketsFarm — Statistics Canada’s latest report on stocks of principal field crops clearly demonstrated how much of an effect last summer’s historic drought in Western Canada had on pulse crops. According to the report released Tuesday, last December’s total domestic stocks for dry peas, chickpeas, lentils and soybeans all declined from the year earlier. Those […] Read more
CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans dip ahead of USDA report

Wheat underpinned by U.S. dryness

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Chicago | Reuters — Chicago soybean prices fell on Tuesday, a day after hitting an eight-month high, ahead of the U.S. Agriculture Department’s monthly global supply and demand assessment that is expected to downgrade South American crop production. Corn also eased, while wheat firmed, underpinned by ongoing dryness across the U.S. southern Plains. The Chicago […] Read more
File photo of Canadian farm-grown blueberries. (LittleCityLifestylePhotography/iStock/Getty Images)
Crops, Fruit/Vegetables, Machinery, Weather

Prizes put up to develop year-round berry production in Canada

Weston Foundation's new challenge backed with $33 million

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A philanthropic foundation focused on improving public health now wants to improve diets by finding ways to juice up Canada’s home-grown fruit supplies. The Weston Family Foundation on Tuesday pledged $33 million over six years for what it calls the Homegrown Innovation Challenge, a prize challenge pitting ideas against ideas with the goal of extending […] Read more
A restoration company vehicle sits in a flooded field at Abbotsford, B.C. on Nov. 30, 2021. (Photo: Reuters/Jennifer Gauthier)
General, Machinery, Weather

AgriRecovery underway for flood-battered B.C. farms

Feds, province put up $228 million

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The federal and British Columbia governments’ response to last fall’s destructive flooding now includes what’s said to be the biggest farm disaster recovery package in the province’s history. Provincial Agriculture Minister Lana Popham and her federal counterpart Marie-Claude Bibeau on Monday announced cost-shared funding of $228 million for the Canada-B.C. Flood Recovery for Food Security […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets, Weather

Klassen: Feeder market establishes short-term stability

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Compared to last week, western Canadian feeder cattle traded $2-$4 on either side of unchanged. Steady demand was noted on 800-plus-pound cattle, but calves and lighter weights experienced softer buying interest. Favourable weather and optimal pen conditions along with firmer live cattle futures supported the yearling market. Imports of U.S. corn continue to run 10-14 […] Read more
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat slides on U.S. weather, reduced fears over Ukraine

Corn down, soybeans up

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Chicago | Reuters — U.S. wheat futures fell more than three per cent on Monday to their lowest in nearly two weeks on forecasts of welcome moisture in the U.S. Plains wheat belt and waning fears of imminent conflict between Russia and Ukraine, traders said. Corn futures followed wheat down, turning lower in a retreat […] Read more
Crews work as Canadian Pacific Railway tracks are suspended above the washed-out Tank Hill underpass of the Trans-Canada Highway after devastating rain storms caused flooding and landslides, northeast of Lytton, B.C. on Nov. 20, 2021. (Photo: B.C. Ministry of Transportation and Infrastructure handout via Reuters)
Crops, Machinery, Markets, Weather

Year-end profits up for CN, CP despite lower grain handles

Railways' ledgers weather drought, B.C. disasters

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Both of Canada’s big two railways were able to improve their overall gross and net in 2021 over 2020 despite a yield-robbing drought and disastrous track and bridge washouts in southern British Columbia. Canadian National Railway (CN) on Tuesday reported 2021 net income of $4.892 billion on $14.477 billion in gross revenue, up from $3.784 […] Read more
Russian service members take part in tactical exercises of an assault engineering unit at a training ground in Kamensk-Shakhtinsky in southwestern Russia’s Rostov region on Jan. 17, 2022. (Photo: Reuters/Sergey Pivovarov)
Crops, Markets, Weather

CBOT weekly outlook: Prices up on hot weather, growing tensions

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MarketsFarm — Soybean, corn and wheat futures at the Chicago Board of Trade were all showing some strength Wednesday, recovering from losses posted over the previous week. South American weather concerns and broader geopolitical tensions countered any bearish influence from the latest supply/demand estimates from the U.S. Department of Agriculture. South America recently received much-needed […] Read more
CBOT March 2022 wheat (candlesticks) with K.C. March 2022 wheat (yellow line) and MGEX March 2022 wheat (black line, left column). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat, corn rally to highest since December

Soybeans jump 2.2 per cent

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Chicago | Reuters — U.S. wheat futures surged 3.6 per cent to their highest in more than three weeks on Wednesday, with traders focused on dry and cold weather in key growing areas of the Midwest and southern Plains. Weather concerns also boosted soybeans and corn as investors shrugged off recent rains in South America. […] Read more

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