drought Archives | Page 23 of 41

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

ICE weekly outlook: Canola remains expensive

By Glen Hallick August 18, 2021

MarketsFarm — Concerns over the likelihood of a much smaller canola crop than previously anticipated, coupled with a very tight supply situation, continued to underpin values this week. That price rationing in turn has kept canola more expensive than other edible oils, according to trader Keith Ferley of RBC Dominion Securities in Winnipeg. “The market […] Read more

Cattle graze near Dauphin, Man. in late July. (Manitoba Co-operator photo by Alexis Stockford)

Livestock

Feds lock in AgriRecovery funds before election call

Ottawa's pledged share now up to $500 million

By Dave Bedard August 16, 2021

Just hours ahead of a federal election call, the federal government has committed $500 million to cover its share of federal/provincial AgriRecovery support plans for drought-hit farmers across Canada’s West. Shortly before Prime Minister Justin Trudeau’s visit Sunday to Rideau Hall seeking the dissolution of Parliament for a federal election, Agriculture Minister Marie-Claude Bibeau confirmed […] Read more

Crops, Markets

Drought-hit Kazakhstan’s wheat supplies bolstered by high stocks, Russian imports

By Olzhas Auyezov August 13, 2021

Reuters – Kazakhstan’s high stocks of wheat and imports of the grain from Russia will support supplies this season, analysts said, after drought in parts of the Central Asian nation reduced their estimates for the 2021 wheat crop. Kazakhstan, the top grain producer in Central Asia which usually starts harvesting in September, has been hit […] Read more

Heat and drought conditions this growing season have forced canola to develop early.
Photo: Greg Berg

Markets

ICE weekly outlook: Something of a tough week for canola

By Glen Hallick August 13, 2021

MarketsFarm – It was a bit of a tough week for canola on the Intercontinental Exchange (ICE), although there was something of a bright spot after the release of the August supply and demand estimates from the United States Department of Agriculture (USDA). As one trader put it, canola did its job by increasing in […] Read more

Markets

ICE weekly outlook: Major canola supply issues ahead

By Glen Hallick August 11, 2021

MarketsFarm – There’s a looming problem that’s on the verge of surfacing in the Canadian canola market – many growers will be unable to fulfill their contracts due to lower production. The drought across the Prairies dashed canola production estimates from the initially anticipated 20 million tonnes, to something that could be in the range […] Read more

File photo of cattle on pasture. Ontario is calling on the federal government to include costs in addition to feed and water in the AgriRecovery program, such as transportation, and temporary fencing. MikeEntertainment/iStock.Getty Images)

Livestock, News

Province will commit up to $5 million for AgriRecovery

By Farmtario Staff August 11, 2021

The Ontario government is committing up to $5 million in provincial funding for AgriRecovery to further assist farmers in northwestern Ontario cover costs caused by severe drought and feed shortages. This funding is in addition to the $2 million already announced for feed, water and fencing through the province’s Northwestern Livestock Emergency Assistance Initiative. The federal […] Read more

A sharply smaller spring wheat harvest due to drought may force bakers to change how they work with flour. Photo: DanielBendjy/E+/Getty Images

Millers, bakers fret as drought withers North America’s spring wheat

By Karl Plume, Rod Nickel August 5, 2021

Reuters – Millers and bakers are draining wheat reserves and paying more for spring wheat used in baking, as drought shrivels crops across the Canadian Prairies and northern U.S. Plains that produce more than half of the world’s supply. U.S. and Canadian farmers are bracing for a sharply smaller spring wheat harvest due to the […] Read more

Markets

ICE weekly outlook: Volatility expected in canola markets

By Phil Franz-Warkentin August 5, 2021

MarketsFarm – The ICE Futures canola market saw some large price moves during the week ended Aug. 4, hitting their lowest levels in a month as investors booked profits before recovering to hold relatively range-bound overall. More choppiness is expected over the next few weeks, as the market waits to get a better handle on […] Read more

Alberta’s barley harvest this year is expected to be ‘fairly light,’ according to one commodity trader. Photo: File

Markets

Feed weekly outlook: Reduced yields starting to become a reality

By Adam Peleshaty July 30, 2021

MarketsFarm – As old crop stocks of feed barley and feed wheat continue to dwindle, the realization of reduced yields is now supporting bids for new crop. “Down here, there are a few guys that are starting to pull off some barley here in the next little bit. You’re going to find that the barley […] Read more

Crops, Markets

ICE weekly outlook: Canola range-bound, awaiting harvest

By Phil Franz-Warkentin July 29, 2021

MarketsFarm – ICE Futures canola contracts held within a relatively narrow range during the week ended July 28, as traders wait to get a better handle on the size of the Canadian crop. “We’re just waiting to see as we get into harvest what the crop size and crop yields look like,” said Jamie Wilton, […] Read more

Tag Archives drought — page 23

ICE weekly outlook: Canola remains expensive

Feds lock in AgriRecovery funds before election call

Drought-hit Kazakhstan’s wheat supplies bolstered by high stocks, Russian imports

ICE weekly outlook: Something of a tough week for canola

ICE weekly outlook: Major canola supply issues ahead

Province will commit up to $5 million for AgriRecovery

Millers, bakers fret as drought withers North America’s spring wheat

ICE weekly outlook: Volatility expected in canola markets

Feed weekly outlook: Reduced yields starting to become a reality

ICE weekly outlook: Canola range-bound, awaiting harvest

Cyber-Savvy Farmer