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(Photo courtesy Canaryseed Development Commission of Saskatchewan)
Crops, Markets, Weather

Canary seed prices rise as production drops

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MarketsFarm — This year’s canary seed crop in Canada will be smaller than expected, according to Darren Yungmann, board chair of the Canary Seed Development Commission of Saskatchewan. “Overall, canary seed is one of the most susceptible to the drought when compared to other crops,” he said, noting it’s shallow-rooted and could not access any […] Read more
A canola crop in the RM of Fletts Springs, just northwest of the RM of Pleasantdale, in 2019.
Canola, Crops, Markets, Reuters

Canada’s drought forces canola importers to turn elsewhere

'Importers...are going to be left out in the cold'

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Winnipeg | Reuters — Canada’s smallest canola harvest in 13 years, resulting from severe drought, is forcing importers like Japan and Mexico to pay more or scour other countries for the yellow-flowering oilseed. With the scant available Canadian canola fetching high prices, customers of the world’s biggest canola exporter are leaning more heavily on smaller-producing […] Read more
A view near the Canadian end of the Ambassador Bridge, which connects Windsor and Detroit and is considered one of North America’s busiest trade routes. (Steven_Kriemadis/iStock/Getty Images)
General, Reuters

Police reopen Ambassador Bridge

Bridge reopened following search for explosives

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Updated, Oct. 4 — Toronto | Reuters –– Canadian police reopened a major road bridge between Canada and the U.S. after largely shutting it down for hours on Monday to search for possible explosives in a vehicle, resulting in long delays for truckers at the busiest international crossing in North America. The Canada Border Services […] Read more
CBOT December 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures surge as supplies drop to 14-year low

CBOT soybean futures hit lowest since Dec. 29

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Chicago | Reuters — Chicago wheat futures surged on Thursday, after the federal government reported that U.S. supplies of wheat have fallen to their lowest level since 2007 — and that the wheat harvest is the smallest seen in 19 years. At the same time, the country ended the Sept. 1 crop year with slightly […] Read more
CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat finds two-week high on strong global demand

Corn, soybeans little changed; wider markets encourage consolidation

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Chicago | Reuters — Chicago wheat futures firmed on Friday, ending near a two-week high as the market assessed mixed global production prospects and brisk import demand. Corn eased as supply pressure from the ongoing U.S. harvest countered background support from tight supplies, while soybeans inched higher after trading both sides of even. The most-active […] 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 waiting on fresh news

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MarketsFarm — The ICE Futures canola market held rangebound during the week ended Wednesday, looking for some direction. “None of these markets are flashing any strong signals that there’s much going on… they’re waiting for fresh news and there isn’t much around right now,” said Ken Ball of PI Financial in Winnipeg. While uncertainty over […] Read more
CBOT December 2021 corn (candlesticks) with 20-, 100- and 200-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy jump despite rising harvest as oil, equities gain

Accelerating harvest amid dry U.S. forecast caps gains

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Chicago | Reuters — U.S. corn futures rebounded on Wednesday from four sessions of declines in a technical and fund-buying bounce fueled by rising crude oil and equities markets, more than offsetting seasonal pressure from an accelerating U.S. harvest. Soybean and wheat futures also advanced as global economic jitters eased and the dollar weakened. The […] Read more
A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)
Crops, Markets

Grain exports running well behind year-ago pace

Prices, low stocks keep lid on demand

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MarketsFarm — Canadian grain exports are running well behind the year-ago pace through the first few weeks of the 2021-22 marketing year, as smaller supplies and high prices limit offshore demand. Total exports of all of the major grains, oilseeds and pulses as of Sept. 12 of 3.162 million tonnes are down by about 2.1 […] Read more

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