MarketsFarm — Saskatchewan Agriculture on Thursday issued its first weekly crop report of 2022, showing only one per cent of all crops in the ground. The report cited cool temperatures and spring snowstorms holding back many farmers getting into their fields. The overall five-year average at this time of year is five per cent complete. […] Read more
Tag Archives drought — page 14
Seeding already behind in Saskatchewan
ICE weekly outlook: Jittery spring market for canola
MarketsFarm — ICE Futures canola contracts saw a sharp downward correction in early trading days of May, after setting all-time highs in April. While the correction was long overdue, underlying supportive influences remain in place and the market could be due for some sideways trade as participants now wait to get a better handle on […] Read more
Brazil’s changing conditions threaten corn crop
MarketsFarm — Over the last three to four weeks growing conditions in Brazil have pulled a complete reversal — and that poses a serious threat to the country’s corn crop, according to Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. The southern half of the country is now faced with wet conditions, while the […] Read more
Feed weekly outlook: Market stagnant as U.S. corn imports continue
MarketsFarm — Feed grain markets in Western Canada are holding relatively steady for the time being, as end-users are well covered with corn imports from the United States. “It seems like most buyers have managed to cover themselves well into June with corn,” said Susanne Leclerc, owner of Market Master Ltd. in Edmonton, adding that […] Read more
Drought severity easing across much of Prairies, AAFC reports
MarketsFarm — Drought conditions persisted across much of the Prairies during the month of March, although the extent and severity of the dryness was reduced in many areas, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada (AAFC). “While there have been substantial improvements to drought conditions across Western Canada since last […] Read more
Pulse weekly outlook: Saskatchewan growers wait for rain
MarketsFarm — As the snow melts on the Prairies, pulse growers are making their final preparations before seeding, while at the same time hoping not to see a repeat of last year’s historic drought. In Saskatchewan, snow cover has varied in pulse-growing areas, making some growers nervous. “There’s still a lot of concern about dryness […] Read more
Feed weekly outlook: Prices likely to hold firm after CP stoppage
MarketsFarm — Feed prices have remained fairly steady over the last week and are likely to continue to do so in the coming week, according to Erin Harakal, senior trader for Agfinity at Stony Plain, Alta. “I don’t see anything drastically changing in the next week,” she said. Harakal added there was nervousness in the […] Read more
U.N. to roll out global early-warning systems for extreme weather
London | Reuters –– With climate change fueling dangerous weather worldwide, the United Nations is pledging that early-warning weather monitoring will cover everyone on the planet in five years. “Half of humanity is already in the danger zone,” U.N. Secretary-General António Guterres said earlier this week. And yet, “one-third of the world’s people, mainly in […] Read more
AAFC warns of uncertainty in latest crop outlook
MarketsFarm — The supply/demand balance sheets for Canada’s major crops were largely left unchanged in the latest outlook Friday from Agriculture and Agri-Food Canada. While the March report only saw minor revisions, the government agency cautioned that “the economic outlook, for the world and Canadian grain markets, is particularly uncertain due to the Russian invasion […] Read more
CP to lock out engineers, conductors starting Sunday
'Cannot prolong the uncertainty,' CEO says
Canadian Pacific Railway has served its unionized engineers, conductors and train and yard service staff with notice of a lockout to start just after midnight ET on Sunday, unless the company and union agree on a new labour deal by then. Calgary-based CP and the Teamsters Canada Rail Conference (TCRC), which represents about 3,000 CP […] Read more
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