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Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Markets, Reuters

Nutrien misses quarterly profit estimates as potash prices plummet

Fertilizer demand expected to rise in Q4

By ,
Reuters — Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world’s biggest fertilizer producer. Potash prices have been falling after shipments from Belarus and Russia resumed. These exports had been significantly restricted last year following Western sanctions imposed on Russia in response to its invasion […] Read more
CBOT December 2023 oats with cash contract price overlay (brown line). (Barchart)
Crops, Markets, Oats

Oat cash prices don’t immediately follow CBOT movement

One trader can push market around, trader says

By
MarketsFarm — While oats on the Chicago Board of Trade rallied recently, upward movement in cash prices was varied. Even as that rally came to its eventual end, cash prices on the Canadian Prairies did not budge a great deal. Over nine consecutive sessions, the December oat contract at Chicago pushed higher by 29.5 U.S. […] Read more
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn drops to seven-week low

Wheat, soybeans move higher

By ,
Chicago | Reuters — Benchmark U.S. corn futures fell to their lowest point in seven weeks on Wednesday as the harvest continued and showed better than expected yields, while weather forecasts improved in crop areas of South America. Wheat and soybean prices were modestly higher in rangebound trading. Chicago Board of Trade (CBOT) corn closed […] Read more
A sea otter floats near the Columbia Glacier along Alaska’s southern gulf coast. (Chansak Joe/iStock/Getty Images)
General, Weather

Prairie Forecast: Nice, quiet early-winter weather

Issued Nov. 1, covering Nov. 1 to 8

By ,
Interesting weather pattern setting up across the Prairies during this forecast period. Well, maybe “interesting” isn’t the right word; “boring” might be a better one. What I mean by “interesting” is just how quickly we swung from a warm fall pattern to a cool winter pattern. Low temperatures across the Prairies over the last week […] Read more
CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow high/low/close) and K.C. December 2023 hard red winter wheat (orange HLC). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat down on supply concerns, soft demand

K.C., MGEX wheats also set contract lows; corn, soy up

By
Chicago | Reuters — U.S. wheat futures fell across the board on Tuesday on soft demand and as supply concerns weakened in the Southern Hemisphere, while soybean futures pushed higher on adverse weather in Brazil. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended down 9-3/4 cents at $5.56-1/4 per bushel and […] Read more
Long-range outlook points to warmer winter
General, Weather

Long-range outlook points to warmer winter

Odds less likely for Prairies next three months

By
MarketsFarm — Warmer than normal temperatures are expected across nearly all of Canada this winter, with average precipitation for most of the agricultural areas of the Prairies. The latest long-range seasonal forecast from Environment Canada, released Tuesday, calls for a 40 per cent chance of above-normal temperatures from November through January across most of Alberta, […] Read more
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: South America rains push soy futures down

Wheat, corn futures also drop

By ,
Chicago | Reuters — U.S. soybean futures declined about one per cent on Monday on profit-taking and pressure from beneficial rains over the last few days in South American crop areas, offsetting a weather premium that had been building for the oilseed crop. Corn and wheat futures also fell. Benchmark January soybeans on the Chicago […] Read more
File photo of laker vessels navigating the Welland Canal. (JonathanNicholls/iStock/Getty Images)
Crops, Markets

St. Lawrence traffic to resume as tentative labour deal reached

Deal goes now to ratification vote

By ,
A week-long strike by about 360 unionized workers on the St. Lawrence Seaway ended Monday morning with a tentative agreement on a new labour deal. The St. Lawrence Seaway Management Corporation (SLSMC) and Unifor, the union representing the workers, announced the new agreement separately Sunday evening. Unionized workers had been on strike since just after […] Read more
(Mysticenergy/iStock/Getty Images)
General, Weather

Prairie Forecast Update: Warmer air not in the cards

Issued Oct. 29, covering Oct. 29 to Nov. 1

By ,
The forecast for this period has been playing out pretty close to what the weather models were predicting, but with a few small differences. For Alberta, the forecasted upper ridge does not look like it will get nearly as strong as originally forecasted as a strong northwesterly flow helps to flatten the ridge. This means […] Read more

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