MarketsFarm — Heavy rains in recent weeks have brought India’s monsoon rainfall back to normal levels after a slow, dry start to the season, according to reports out of the country. However, flooding and uneven distribution of moisture could still hurt crop production. A normal monsoon is defined as 96-104 per cent of the 50-year […] Read more
Tag Archives seeding — page 18
Pulse weekly outlook: India’s monsoons catch up, but crops still at risk
ICE weekly outlook: All eyes on King Corn
MarketsFarm — ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at $450.40 per tonne on Wednesday. The contract could have another $5-$10 to […] Read more
ICE weekly outlook: Weather the main factor in canola bids
MarketsFarm — Forecasts of rain for Western Canada will certainly help canola in terms of growing this year, said David Derwin of PI Financial in Winnipeg. “I spoke with several farmers from across the Prairies who said we got some good rains, a few who didn’t, but by in large, it’s good and the forecasts […] Read more
Planting progress made in most areas of Ontario
Ontario Field Crop Report for the week of June 10
[UPDATED: June 14, 2019] Significant planting progress was made the end of last week and through the weekend as sunshine and warm temperatures dominated for a string of days. Despite the calendar date and reduced yield potential of later planting, many continued to plant corn noting the competitiveness of returns relative to soybeans. Many areas […] Read more
ICE weekly outlook: Canola markets remain sensitive to weather
MarketsFarm — Canola markets were following trends set by soybean prices, as worries of late planting weighed on the minds of traders and farmers alike. As corn planting comes to an end, prolonged wet weather has continued to delay soybean planting to the point where the growing season may be shortened. “I think the market […] Read more
Weather window sees significant planting progress in parts of Ontario
Ontario Field Crop Report for the week of June 3
There has been considerable progress across the area in the last few days. Some areas of the province continue to struggle such as south Huron and Perth and further southwest into the heavier soils of Lambton, Chatham, Essex and Niagara. These areas with the heaviest soils have continued to receive more rain than other areas […] Read more
Feed weekly outlook: Weather buoys grain prices
MarketsFarm –– A dry spring on the Prairies, coupled with intensely wet weather south of the border, has frustrated producers and supported higher feed grain prices. Barley prices have rallied “quite strongly” due to dry weather observed across most of the Prairies, combined with tight supplies from previous years, said Nelson Neumann of Agfinity in […] Read more
U.S. grains: Soy futures extend rally
Chicago | Reuters — U.S. soybean futures rose 1.6 per cent on Wednesday, hitting their highest since mid-April on support from concerns that planting delays in the U.S. Midwest will lead to a sharp cutback in acreage as well as harvest yields, traders said. The jump followed a U.S. Agriculture Department report after the market […] Read more
Prairie dryness concerns to persist
MarketsFarm — Large areas of Western Canada remain on the dry side, with little moisture in the immediate forecasts. And while it’s still early in the growing season, the interplay of conflicting patterns from the south and north will determine whether the dry areas receive timely precipitation during the growing season. “We are looking at […] Read more
ICE weekly outlook: Canola looking for more support
MarketsFarm — ICE canola futures moved higher during the week ended Wednesday as a rally in the Chicago Board of Trade soy complex provided support. Whether there’s more room to the upside remains to be seen. “It looks like we’ve maybe turned a corner,” said Wayne Palmer, senior market analyst with Exceed Grain in Winnipeg. […] Read more
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