(Resource News International) — Summer has finally come to Manitoba, which is good news for soybeans in the province. The crop will need the warm temperatures to hold out for at least two more weeks in order to make it to harvest, according to a southern Manitoba merchant.
“This weather is a godsend,” said Roger Kissick, of Linear Grain at Carman, Man., regarding the warm temperatures, adding that “it’s exactly what we need.”
The warm weather, he said, was helping compensate for the fact that the days are getting shorter. However, the soybean crop is still not made, and the merchant thought a killing frost before the end of September would cause problems.
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“For us to get a crop, we need the full month of September without frost,” said Kissick.
While some fields will not make it, he said the majority of the crop should be okay if there is no frost before Oct. 1. Every frost-free day after that will help bring in the remaining 30 per cent.
While Manitoba usually can expect to see a major frost by the middle of September, Kissick noted that the frost held off into October last year and could do it again.
From a marketing standpoint, Kissick said there was not much going on as both farmers and buyers are waiting to see how the crops fare before doing any more pricing.
Regardless of what happens with Manitoba’s crop, prices will be dictated by the much larger U.S. market, with some adjustments for the Canadian dollar and local demand.
U.S. prices have been under pressure lately due to the expectations for a large U.S. crop, Kissick noted.
Statistics Canada’s first production estimates of the year, released Aug. 21, pegged Manitoba’s soybean crop at 321,100 tonnes, which would be up from 242,200 in 2008-09. Harvested area was forecast at 435,000 acres, up from 275,000 the previous year.
