ICE weekly outlook: Canola bids return to being range-bound

Reading Time: 1 minute MarketsFarm – Until the New Year expect canola bids to remain range-bound much like it was during the summer, according to one Winnipeg-based analyst. “Canola going C$10 lower isn’t out of the question,” commented David Derwin, commodity portfolio manager with PI Financial. Below normal temperatures on the Prairies coupled with rain and snow have provided […] Read more

Alberta farmers well ahead of last year’s pace

Reading Time: 2 minutes With decent weather, Alberta farmers made good harvest progress for the week ended Oct. 22, according to the province’s latest weekly crop report issued Oct. 25. Province-wide progress vaulted from just under 59 per cent for the week ended Oct. 15 to almost 74.5 per cent. That said the overall harvest remains behind the five-year […] Read more

Key federal minister in Canada/China dispute fighting cancer

Reading Time: 2 minutes Just days after two senior cabinet ministers from the Prairies were defeated in Monday’s federal election, the Liberal government is now facing the possibility of a third stepping away from cabinet. International Trade Diversification Minister Jim Carr from Manitoba announced on Friday that he has been diagnosed with a type of blood cancer known as […] Read more

Saskatchewan farmers make good harvest progress

Reading Time: 2 minutes MarketsFarm – Farmers throughout Saskatchewan made good progress in their harvesting over the last week, according to the province’s latest weekly crop report. With little precipitation during the week ended Oct. 21, the harvest rose from 69 to 83 per cent complete province-wide. However, it’s still 10 points behind the average pace. Also, the report […] Read more

Crop, field conditions to determine what’s feed

Reading Time: 1 minute MarketsFarm – Given the difficult conditions grain farmers have contended with in 2019, especially the cold, wet conditions that’s drawing out the harvest, it’s hard to say how much wheat and barley will end up as feed, according to one broker. “I really think we don’t know what to expect. There’s wheat coming off even […] Read more

Pulse weekly outlook: India market likely pushing up prices

Reading Time: 1 minute MarketsFarm — Faced with weather concerns surrounding its pigeon pea crop, India has been very likely buying lentils from Canada, said MarketsFarm analyst Mike Jubinville. Over the last month, prices for large green lentils have jumped 25 per cent because of issues with pigeon peas, said Jubinville. Green lentils can be substituted for the pigeon […] Read more

Cash wheat bids: Red spring gains, durum eases

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mostly higher for the week ended Thursday. Strong gains were seen in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPRS) wheats, while Canada Western Amber Durum (CWAD) was steady to lower. The Canadian dollar gained almost nine-10ths of a cent during the week, closing […] Read more

Most oilseed estimates down in USDA’s October outlook

Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture (USDA) released its monthly oil crops outlook on Tuesday featuring reductions in global rapeseed and sunflower production and U.S. soybeans. USDA estimated global rapeseed production at 68.6 million tonnes, a decline of one million, with the lion’s share of the losses in Canada. Canadian production for 2019-20 was […] Read more