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Cereals

(Nutrien video screengrab via YouTube)
Crops, Reuters

Nutrien bolsters profit forecast on surging fertilizer prices

Fertilizer sector set for biggest profits in years

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Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching near-record levels, […] Read more
CBOT July 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans drop to three-week lows

Wheat futures hit lowest since April 8; corn drops to one-week low

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Chicago | Reuters — Chicago soybean futures dropped to a more than three-week low on Monday, pressured by falling crude oil markets and delayed U.S. corn planting that some analysts think could push farmers to plant more soybeans. Corn fell ahead of the U.S. Department of Agriculture’s weekly planting progress report on Monday afternoon, showing […] Read more
Spring runoff on April 27, 2022 at the Pembina Escarpment near Miami, Man., about 40 km northwest of Winkler. (Manitoba Co-operator/Allan Dawson video screengrab)
General, Weather

Flood warnings raised in Manitoba, southeastern Saskatchewan

Flows could reach 2009 levels in Manitoba

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MarketsFarm — Spring flooding in Manitoba’s Red River Valley could approach levels last seen in 2009, the highest water level since 1997’s “Flood of the Century,” according to the latest update from the provincial Hydrologic Forecast Centre. The centre is monitoring a precipitation system forecast for the April 29-May 1 weekend that is expected to […] Read more
(Photo courtesy Canada Beef Inc.)
General, Markets, Weather

AgriStability enrolment deadline extended for 2022

Two-month extension in place for fourth year in a row

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The deadline for Canadian farmers to enroll in AgriStability has been extended for two months — making 2022 the fourth year in a row with a enrolment deadline bump for the farm income stabilization program. The enrolment deadline without penalty for the 2022 program year was previously scheduled for this Saturday, April 30, but is […] Read more
(File photo by Lorraine Stevenson)
Crops

Elevator declarations changing Aug. 1

CGC says the move won't harm Canada's grain quality assurance system

By ,
The declarations of eligibility western Canadian farmers sign before delivering to elevators, effective Aug. 1, will no longer include crops that don’t require end-use quality assessment as part of the variety registration process. “It’s not a big change,” Canadian Grain Commission (CGC) spokesman Remi Gosselin said in an interview Thursday. Wade Sobkowich, executive director of […] Read more
Flags in front of the European Commission headquarters in Brussels. (Inakiantonana/E+/Getty Images)
Crops, Markets

EU crops to face some challenges in 2022-23

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MarketsFarm — Total grain production in the European Union is expected to decrease overall by 2.4 per cent in 2022-23, according to U.S. Department of Agriculture attachés throughout the multi-nation bloc. For the coming crop year, they forecast production to be 286.02 million tonnes of wheat, corn, barley, rye, oats, mixed grains and others. One […] Read more
CBOT July 2022 corn (candlesticks) with 20- and 40-day moving averages (yellow and orange lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn edges higher as traders eye Midwest weather

Soybean, wheat futures weak

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Chicago | Reuters — U.S. corn futures rose on Thursday, briefly hitting a fresh 10-year high, on forecasts for more showers that will further delay planting in the rain-soaked Midwest, traders said. Soybean futures eased, with traders noting that the slow pace of corn planting could cause an uptick in soybean acres as the calendar […] Read more
CBOT July 2022 soyoil (candlesticks, right column) with July 2022 soybeans (yellow line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soyoil futures rally to record high

Corn hits highest since August 2012

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Chicago | Reuters — U.S. soyoil futures surged to a record high on Wednesday after Indonesia broadened its export ban on raw materials for cooking oil to fight food inflation, traders said. “The move dramatically tightens an already tight global supply of edible oils that saw global prices surge when the Russian invasion of Ukraine […] Read more

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