Crops & Production Tips

Feed weekly outlook: Barley exports slowing down, local prices steady

Feedlots relatively well covered

By Phil Franz-Warkentin, GFM Network News March 3, 2023

MarketsFarm — Canadian barley exports slowed down in January, but out-of-country movement is still running ahead of the year-ago pace, according to updated export data from the Canadian Grain Commission. Canada exported 131,100 tonnes of barley from licensed facilities in January, with China the top customer taking 100,500 tonnes. Total barley exports were well off […] Read more

CBOT May 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans up on technical bounce

Wheat firm; corn weak

By Mark Weinraub, GFM Network News March 3, 2023

Chicago | Reuters — U.S. soybean futures rose on Thursday, extending their rebound from the one-month low hit this week on a round of technical buying, traders said. “I think we got too cheap too fast and we are seeing a technical recovery,” said Scott Harms, Ag risk specialist at Archer Financial Services. Wheat futures […] Read more

CME April 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. livestock: Cattle, hogs ease on weak exports

Boxed beef prices seen firm

By Mark Weinraub, GFM Network News March 3, 2023

Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures fell on Thursday, with signs of weakening export demand for beef and pork pressuring prices. Traders also said the cattle market was still ripe for profit taking even after falling on Wednesday. The U.S. Agriculture Department said on Thursday morning export sales of beef […] Read more

The tree row catches the snow, and the big slough goes from dry to high water table. In years gone by, I spent many hours with three, two-inch pumps to move water from the slough to adjacent upland — not always a huge success.

Columns, Crops

Les Henry: Twenty-seven years of crops at my Dundurn farm

And a few lessons learned

By Les Henry March 2, 2023

In the early 1990s, agriculture in Saskatchewan was still suffering from the devastation of the 1980s. Drought and poor crops with low prices were bad news. But, interest rates as high as 20 per cent were the kicker that resulted in much land going back to FCC or the Royal Bank. (Yes, Virginia, interest rates […] Read more

Columns, Crops

The benefits of irrigation in Alberta

Irrigation plays a significant role in increasing crop and livestock production

By Ross H. McKenzie March 2, 2023

Irrigation is often referred to as the “lifeblood” of southern Alberta. Irrigation water was first diverted from the St. Mary River in 1900 and arrived by canal system to Magrath, Raymond and Lethbridge. Now, 122 years later, just over 1.8 million acres are irrigated in Alberta. Irrigated agriculture contributes about $6.5 billion to Alberta’s GDP […] Read more

A view of the “Bridge of No Return” from the South Korean side of the DMZ between North and South Korea. (Bob Hilscher/iStock/Getty Images)

Crops, Machinery, Reuters

North Korea’s Kim demands more farmland to boost food production

By GFM Network News March 2, 2023

Seoul | Reuters — North Korean leader Kim Jong Un ordered improvements to infrastructure and expansion of farmland to ramp up food production, state media said on Thursday, amid warnings of an impending food crisis. Kim gave instructions to revamp irrigation systems, build modern farming machines and create more arable land as he wrapped up […] Read more

(Screengrab from Merit Functional Foods video via YouTube)

Canola, Crops, Peas

Plant protein processor Merit Foods in receivership

Company owes $95 million to EDC, FCC

By Dave Bedard, GFM Network News March 2, 2023

The company behind a new Prairie processing plant extracting plant-based proteins from peas and canola has landed in receivership, in the high eight figures’ debt to its secured lenders. PricewaterhouseCoopers (PwC) on Wednesday announced it’s the receiver for both Merit Functional Foods Corp. and the numbered company that owns Merit’s processing plant and property in […] Read more

ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola drifts downward with soybeans

Wheat's recent decline may spur canola acres

By GFM Network News March 2, 2023

MarketsFarm — The ICE Futures canola market drifted downward during the week ended Wednesday largely due to macroeconomic activity in the markets, according to one analyst. Jerry Klassen from Resilient Commodity Analysis in Winnipeg said canola prices have mostly followed the lead of the Chicago soy complex, while rains fell on Brazil as its soybean […] Read more

A dried-out corn crop next to cotton planted into a dried-out cornfield at Tostado in Argentina’s northern Santa Fe province, on Feb. 8, 2023. (Photo: Reuters/Miguel Lo Bianco)

Crops, Markets, Reuters

CBOT weekly outlook: It still comes down to South America

Continent's soy situation conflicting

By GFM Network News March 2, 2023

MarketsFarm — Although the U.S. Department of Agriculture (USDA) is set to issue its next supply and demand estimates on March 8, what’s going on in South America continues to dominate the Chicago Board of Trade (CBOT), according to Andrew Mages of Progressive Ag in Fargo, N.D. “Typically it’s not the most important report because […] Read more

Crops, Reuters, Spring Wheat

BASF halting hybrid wheat seed development in North America

Results 'have not achieved development goals we set'

By GFM Network News March 2, 2023

Reuters — Global chemicals and crop seeds company BASF is halting development of hybrid wheat in North America after results of seed trials failed to reach development goals, the company told Reuters on Wednesday. BASF will instead focus development of the new type of wheat in European markets, aiming to launch the technology there “toward […] Read more

U.S. livestock: Cattle futures hit new highs on resilient consumer demand

Corteva raises annual profit forecast after strong first-half performance

U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds

GFM Network News

U.S. livestock: Cattle futures hit new highs on resilient consumer demand

Corteva raises annual profit forecast after strong first-half performance

U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds

Crops

Feed weekly outlook: Barley exports slowing down, local prices steady

U.S. grains: Soybeans up on technical bounce

U.S. livestock: Cattle, hogs ease on weak exports

Les Henry: Twenty-seven years of crops at my Dundurn farm

The benefits of irrigation in Alberta

North Korea’s Kim demands more farmland to boost food production

Plant protein processor Merit Foods in receivership

ICE weekly outlook: Canola drifts downward with soybeans

CBOT weekly outlook: It still comes down to South America

BASF halting hybrid wheat seed development in North America

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