MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for PI Financial in Winnipeg. “That […] Read more
Tag Archives acres — page 15
ICE weekly outlook: Challenging crop year ahead for canola
Canada’s soybean, corn acres projected to rise
StatsCan's estimates see Ontario, Quebec, Manitoba planting more
Statistics Canada’s first read of farmers’ intentions for the 2021 growing season shows more Canadian acres going into both soybeans and corn. Farmers nationwide anticipate planting 5.3 million acres to soy in 2021, up 5.5 per cent from 2020, StatsCan said in its field crop survey released Tuesday. “An increase in anticipated (soy) area is […] Read more
Pulse weekly outlook: StatsCan’s pea, chickpea acres short of trade expectations
MarketsFarm — Numbers were seen as disappointing for dry peas and chickpeas in Statistics Canada’s survey-based principal field crop planting projections released Tuesday. The federal agency predicted 3.839 million acres seeded for dry peas nationwide, nearly a 10 per cent decline compared to last year. By comparison, MarketsFarm projected 4.38 million acres while Agriculture and […] Read more
StatsCan’s projected canola area on low side of expectations
Wheat acres expected lower, barley up
MarketsFarm — As the market grapples with new planting projections from Statistics Canada, one thing was abundantly clear to MarketsFarm Pro analyst Mike Jubinville: this canola forecast isn’t enough to rectify tight ending stocks. In StatsCan’s survey-based principal field crop areas report, released Tuesday, the federal agency pegged canola acres for 2021-22 at 21.53 million, […] Read more
U.S. grains: Corn nears eight-year high on tight supplies
Wheat, soybeans at 2013 peak
Chicago | Reuters — Chicago corn futures climbed on Monday to their highest since June 2013 as concerns about South American supplies buoyed the market. Strength in corn pulled wheat and soybeans to eight-year highs. Chicago Board of Trade most-active July corn ended limit up at $6.57-1/2 per bushel (all figures US$). July soybeans gained […] Read more
More canola, less wheat expected ahead of StatsCan report
'Returns per acre are just so much stronger'
MarketsFarm — Canadian farmers are seen as likely to plant more canola and barley and less wheat this spring, as market participants await the first survey-based estimates from Statistics Canada on Tuesday to confirm the extent of that shift. “Canola will gain acres and wheat will lose acres,” said MarketsFarm Pro analyst Mike Jubinville, pointing […] Read more
More flax expected in 2021
More acres predicted, but how many more?
MarketsFarm — Flax prices in Western Canada have remained strong and are down little off their recent highs, according to Scott Shiels of Grain Millers Canada Corp. at Yorkton, Sask. Shiels believes those good prices will lead producers to plant more acres of flax this spring — but not the 22 per cent hike to […] Read more
U.S. grains: Soybean futures rise
Wheat eases, corn mixed, traders focused on weather
Chicago | Reuters — U.S. soybean futures rose on Friday, gaining ground on corn contracts as the market tried to entice farmers to boost acreage of the oilseed despite the yellow grain’s rally to its highest in nearly eight years earlier this week. “The last two weeks all the talk has been about the corn […] Read more
CBOT weekly outlook: Tight old-crop supplies keep soy, corn strong
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade posted solid gains during the week ended Wednesday, with the widening inverted spread between old-crop contracts and new-crop months a feature. “Commercials are buying any dips they can,” Sean Lusk of Walsh Trading said of the market. With the nearby months trading at […] Read more
Feed weekly outlook: Alternatives in greater demand
MarketsFarm — Price increases for feed barley and wheat in Western Canada have caused more feeders to look elsewhere for sustenance for their livestock. Prices over the last year have shot up 25 to 40 per cent, according to Prairie Ag Hotwire. “Any time you run into a high-priced commodity market, the cost of feeding […] Read more
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