Crops & Production Tips

Canola ending stocks down on year, but beat expectations

StatsCan pegs barley ending stocks at record low

By GFM Network News September 9, 2021

MarketsFarm — Canadian canola ending stocks were down sharply at the end of 2020-21 compared to the previous marketing year, but still came out well ahead of trade expectations. Many other crops also saw larger-than-expected carryout numbers in Statistics Canada’s principal field crop stocks report as of July 31, 2021, released Wednesday. According to MarketsFarm […] Read more

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

Canola, Crops, Markets

ICE weekly outlook: Canola market awaits harvests, USDA

By Phil Franz-Warkentin, GFM Network News September 9, 2021

MarketsFarm — Canola contracts on the ICE Futures platform drifted lower during the week ended Wednesday, although the market remains stuck in a sideways trading pattern overall as participants try to get a better handle on the size of this year’s crop. An upcoming supply/demand report from the U.S. Department of Agriculture also has the […] Read more

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: ‘Tricky’ USDA report due Friday

By GFM Network News September 9, 2021

MarketsFarm — With the U.S. Department of Agriculture (USDA) set to issue its monthly supply and demand estimates (WASDE) on Friday, a broker said it will be a “tricky report.” That’s because of the impact Hurricane Ida had on the U.S. transportation system, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. In particular, […] Read more

MGEX December 2021 spring wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets, Reuters

U.S. grains: Wheat futures fall, soybeans rise, corn flat

By Mark Weinraub, GFM Network News September 8, 2021

Chicago | Reuters — U.S. wheat futures fell on Wednesday, dragged lower by a firmer dollar that threatened to make U.S. supplies less competitive on the export market, traders said. Corn futures steadied after sinking to their lowest in two months early in the day, with bearish harvest expectations limiting any rally attempts. “Corn recovered […] Read more

Phosphate being applied with anhydrous ammonia in a dual placement banding on a Manitoba farm last fall. Manitoba Agriculture soil fertility extension specialist John Heard maintains this is an effective application method because it places phosphorus within the soil away from potential runoff losses and the acidifying nature of anhydrous ammonia tends to increase the availability of the phosphorus to next year’s crop.

Crops, Features, Weather

Your fall fertility primer

By Mark Halsall September 8, 2021

Get a head start on next year’s crops with these fertility guidelines, options and pro tips

Many Prairie farmers choose to apply fertilizers to their fields in the fall to save time in the spring — a strategy Farmers Edge agronomist Thom Weir believes makes good sense for a couple of reasons. “There’s lots of data that shows seeding early has a significant benefit to yield,” he says, adding that for […] Read more

CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn, soy, wheat slide on stronger U.S. dollar, export concerns

Market awaits USDA crop forecasts ahead of corn, soy harvests

By Christopher Walljasper, GFM Network News September 7, 2021

Chicago | Reuters — Chicago corn, soybean and wheat futures slipped Tuesday as a stronger dollar, export concerns and early U.S. harvest activity weighed on the complex ahead of the U.S. Agriculture Department’s monthly supply and demand report, due out Friday. Analysts anticipate USDA’s Sept. 10 outlook to increase estimates of U.S. corn and soybean […] Read more

Chickpeas. (CalypsoArt/iStock/Getty Images)

Crops, Markets, Pulses

Pulse weekly outlook: Chickpeas find high-priced silver lining

By GFM Network News September 7, 2021

MarketsFarm — Like many other crops across Western Canada, chickpeas weren’t immune to hot and dry growing conditions over the summer. This year’s domestic chickpea crop is only expected to weigh in at 63,000 tonnes, according to Statistics Canada — less than one-third of the five-year average of 189,600 tonnes. In Saskatchewan, some parts of […] Read more

Crops, Markets, Spring Wheat

Prairie cash wheat: Spring wheat bids mixed, durum jumps

U.S. December wheat futures down on week

By GFM Network News September 3, 2021

MarketsFarm — Increased worldwide demand for wheat and precipitation across the Prairies have resulted in mixed spring wheat bids for the week ended Thursday. Scattered showers across wheat-growing areas in Western Canada, as well as the ongoing spring wheat harvest, have brought downward pressure on the markets. The rising Canadian dollar also served to lower […] Read more

A corn crop near London, Ont. in July 2021. Relatively good yields down east may lead to more Prairie livestock feeders “jumping on the corn bandwagon.” (Farmtario photo by John Greig)

Barley, Crops, Markets

Feed weekly outlook: Crop estimates show severity of drought

'Corn bandwagon' filling up

By GFM Network News September 3, 2021

MarketsFarm — Preliminary crop yield estimates released by Statistics Canada on Monday outlined just how severely the drought in Western Canada cut into production. Mike Fleischhauer, general manager for Eagle Commodities at Lethbridge, Alta., was not at all surprised by the numbers. “I think we knew that was happening all along,” he said. “There are […] Read more

CBOT December 2021 oats (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and black lines). (Barchart)

Crops, Markets, Oats

Tight supplies underpin oat bids with demand rationing expected

By Phil Franz-Warkentin, GFM Network News September 3, 2021

Corrected, Sept. 3 — MarketsFarm — Canadian oat prices should remain well supported over the next year given the smaller crop, but some demand will likely back away as buyers look for cheaper alternatives. While most of his customers were still taking delivery on existing contracts and not yet in the spot market, Ryan McKnight […] Read more

GFM Network News

U.S. livestock: Cattle futures gain on higher beef values, tight supplies

Mail strike disrupts grain sample delivery

U.S. grains: Soybeans tick up as market weighs crops, U.S.-China ties

Crops