Weather News
Today’s precipitation
January 24, 2020
Data from weather stations across the Prairies are available to Glacier FarmMedia members at the WeatherFarm website, where you can also sign up for a daily forecast email for your area. On the go? Get the WeatherFarm mobile app, available for iPhone and Android devices. To learn more about the CoCoRaHS system […]
Favourable growing conditions forecast for major ag regions
January 23, 2020
MarketsFarm — Canadian producers looking for challenging growing conditions elsewhere in the world to prop up commodity prices may be disappointed during the 2020 growing season. South America “If you’re looking for any help from South America for your canola or soybeans or corn, you’d better look somewhere else,” Drew […]
Zimbabwe says grain stocks running out after drought
January 23, 2020
Harare | Reuters — Zimbabwe has only 100,000 tonnes of grain in its strategic reserves, enough to last just over a month, as the southern African nation suffers the effects of a severe drought, according to the agriculture minister. More than half the country’s population faces food shortages after maize […]
Hay Disaster Benefit to pay out $5 million to Manitoba claimants
January 10, 2020
Winnipeg, (MarketsFarm) – Compensation for poor Manitoba forage crops in 2019 will soon be coming to insured producers as Manitoba Agricultural Services Corporation (MASC) has activated the Hay Disaster Benefit (HDB). The estimated payout for 2019 is in excess of $5 million on approximately 1,500 claims, announced Agriculture and Agri-Food Canada Minister Marie-Claude Bibeau and […] Read more
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Late harvest caused higher mycotoxin threat in feeds
January 9, 2020
Mycotoxin levels were low in early samples of feed harvested in Western Canada. Then things changed. Toxin levels are largely driven by weather, said All-Tech feed expert Dr. Max Hawkins. Rain in the later harvest season across much of the West opened the door and mycotoxins inched their way in. He advised producers to test […] Read more
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Unharvested crop remains an issue for Sask. crop insurance
January 2, 2020
This past year would have been a good one to have forage rainfall insurance in Saskatchewan. The dry spring resulted in payments to those who participated in Saskatchewan Crop Insurance Corp.’s forage program, said chief executive officer Shawn Jaques. However, only 2.2 million acres were covered. That was up from 1.5 million acres the previous […] Read more
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Ag News
Canadian canola crush sets new monthly record
January 25, 2020
MarketsFarm — Canadian oilseed crushers set a new monthly record for processing canola in December 2019, crushing 899,301 tonnes of the crop during the month, according to the latest data from Statistics Canada. The crush pace was up by 70,000 tonnes from November and compares with the previous record of […]
High stocks-to-use ratio weighs on canola
January 24, 2020
MarketsFarm — The Canadian canola stocks-to-use ratio was over 20 per cent at the end of 2019 — significantly higher than the five-year average of 13.4 per cent. “That’s part of the reason why we’re seeing downward pressure on canola prices,” Craig Klemmer, chief agriculture economist for Farm Credit Canada […]
Large funds back on short side in soybeans
January 24, 2020
MarketsFarm — Large fund traders have moved back to the short side in soybeans while only making small adjustments in canola, 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 ICE Futures canola came in […]
Veg oils a drag on canola futures
January 24, 2020
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Friday, as declines in other vegetable oils continued to weigh on values. A trader said there was profit-taking in Chicago soyoil. Also, reports stated the lack of Chinese demand for United States soybeans has also been an issue. It’s a similar case for […] Read more
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ICE Canola Weekly: Don’t expect China to buy if Huawei exec goes free
January 23, 2020
WINNIPEG, (MarketsFarm) – Intercontinental Exchange canola traders have been keeping a close eye on the extradition hearing for Huawei executive Meng Wanzhou in Vancouver. The hearing is to determine whether Meng will be extradited to the United States, where she is facing charges related to violating U.S. sanctions against Iran. Meng was arrested by Canadian […] Read more
The post ICE Canola Weekly: Don’t expect China to buy if Huawei exec goes free appeared first on The Western Producer.
Canola futures following soy’s seesaw
January 23, 2020
WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Thursday, getting caught in declines in Chicago soyoil. However, a trader pointed out that isn’t necessarily a bad thing. Canola often lags behind changes to soyoil and in this case that’s good. The trader also noted soyoil has bounced around a great deal […] Read more
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