Weather News
Prairie hail claims pass 10,000 for year
August 16, 2019
MarketsFarm — More than 10,000 claims for hail damage have been filed by Prairie farmers so far in 2019 with insurance companies belonging to the Canadian Crop Hail Association. Between July 27 and Aug. 6, hail on the Prairies saw farmers add 900 claims alone, according to a CCHA press […]
Weather extremes devastate yields: study
August 15, 2019
International researchers have more precisely measured how extreme weather events driven by a changing climate can devastate crop yields. Hot and cold temperature extremes, drought and heavy precipitation account for 18 to 43 percent of variations in global yields for maize, spring wheat, rice and soybeans. “Climate extremes such as heat waves or droughts can […] Read more
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Winter wheat harvest varies by province
August 15, 2019
MarketsFarm — Depending where a farmer is located, Canada’s winter wheat crop has varied this year. Ontario has long been the country’s powerhouse for winter wheat. Statistics Canada projected the province’s farmers to seed just over one million acres this year, nearly 75 per cent of Canada’s total winter wheat […]
Saskatchewan canary seed crops may not recover
August 15, 2019
MarketsFarm –– Canary seed crop yields may be hampered by dry early summer conditions, and rain that didn’t come quite soon enough. Saskatchewan’s west-central region, home to the lion’s share of the province’s canary seed crops, received very little rain during the spring and early summer. “That area was beyond […]
Planning for weather continues to be farmers’ biggest wild card
August 8, 2019
OYEN, Alta. — It seems intuitive but weather rules everything on a grain farm. “Of all the things that might drive your yield, the weather is going to drive all of it. It is one of the things you can’t control so we plan everything around what you might expect to happen; then we pray […] Read more
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Canola feels weather and trade heat
August 1, 2019
Canola felt the heat of mild weather and trade news in the United States as it fell on the ICE futures market. For a third day in row agricultural commodities on North American markets dropped. Canola was not as badly injured as it soybean cousin, but was still off, pulled down by soybeans. An announcement […] Read more
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Ag News
USDA attache to Canada predicts larger wheat crop
August 16, 2019
MarketsFarm — A new report from the Ottawa-based attache to the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) has raised its estimate of total wheat production in Canada for 2019. The report Thursday from attache Phil Hayes increases FAS’s estimate of wheat production in Canada for 2019 to 32.65 […]
Funds cover canola short positions
August 16, 2019
MarketsFarm — Fund traders covered some of their large net short position in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in canola came in Tuesday at 66,293, a […]
Cash wheat: Bids mixed, watching futures and currency
August 16, 2019
MarketsFarm — Wheat bids in Western Canada were narrowly mixed during the week ended Thursday, with losses in U.S. futures countered by support from a softer Canadian dollar. The Canadian dollar was down by roughly a third of a cent relative to its U.S. counterpart, while the futures were all […]
Canola futures stronger; wheat steady
August 16, 2019
Winnipeg, (MarketsFarm) – The ICE Futures canola market was stronger on Friday, taking some direction from Chicago Board of Trade soybeans as traders squared positions ahead of the weekend. Speculative short-covering was a feature as fund traders took some profits on their bearish bets, according to a trader. Solid crush margins added to the firm […] Read more
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No long term feed grain shortage
August 16, 2019
WINNIPEG, (MarketsFarm) – Waiting for the 2019 harvest to roll in is the only factor that could create a feed shortage, according to Brandon Motz of CorNine Commodities in Lacombe, Alta. “As far as things look today, I don’t see a reason to be concerned about a feed shortage. If anything we could have a […] Read more
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Saskatchewan harvest begins, behind pace
August 16, 2019
WINNIPEG, (MarketsFarm) – Swathing and combining were underway as of the week of August 6 to 12, according to the Saskatchewan crop report released on Thursday. At this point the harvest was behind the five-year average of four per cent complete and last year’s pace at this time of five per cent. The fall rye […] Read more
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