markets Archives - Page 81 of 92

Interview: Counting crops in advance

Reviewing the latest from StatsCan and USDA

By Dave Bedard, GFM Network News September 16, 2021

Statistics Canada on Tuesday released new model-based estimates for the country’s principal field crops, projecting “substantial” yield declines for most of the major crops grown in Canada, due mainly to drought conditions across much of Western Canada during much of the growing season. The previous Friday, the U.S. Department of Agriculture released its latest world […] 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

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines) and CBOT October 2021 soyoil (blue line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola futures slide, cash prices might not follow

Weakness seen ongoing in soy complex

By GFM Network News September 1, 2021

MarketsFarm — If the October soyoil contract on the Chicago Board of Trade (CBOT) falls to 55 U.S. cents/lb., it’s likely ICE Futures canola will drop to around $850 per tonne, according to analyst Errol Anderson of ProMarket Communications in Calgary. ICE November canola closed Wednesday at $890.80 per tonne, giving up $10.80 since the […] Read more

Farmer and Grainews columnist Toban Dyck inspects wheat on July 6, 2021 near Winkler, Man., where hot and dry weather has led to thin, uneven stands. (Photo: Reuters/Rod Nickel)

Crops, Markets, Weather

StatsCan confirms Canada’s crop production down in 2021

Corn expected to be lone exception

By Phil Franz-Warkentin, GFM Network News August 30, 2021

MarketsFarm — Production of most of Canada’s major grain, oilseed and pulse crops was down substantially in 2021-22, as drought conditions across the Prairies cut into yields, according to preliminary estimates released Monday by Statistics Canada. Of the major crops, only corn was expected to see a slight increase in production on the year as […] Read more

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: New crop expected to stabilize feed prices

Drought will drag Prairies' yields much lower

By GFM Network News August 19, 2021

MarketsFarm — New crop is starting to make its way into feed grain bins as the annual harvest gets underway in Alberta. However, due to the drought conditions which have enveloped Western Canada, yields will be much lower than normal. “(The yields are) generally lower than expected and (there’s been) some disappointment,” said Allen Pirness, […] Read more

Representatives of les Eleveurs de porcs du Quebec speak Wednesday in Longueuil, calling on Premier Francois Legault to intervene in the strike at Olymel’s Vallee-Jonction hog slaughter plant. (Leseleveursdeporcsduquebec.com)

Hogs, Livestock, Markets

Striking Quebec pork plant staff reject deal with Olymel

Quebec hog farmers call for province to intervene

By Dave Bedard, GFM Network News August 18, 2021

Quebec’s hog farmers now want Premier Francois Legault to step in on a months-long strike at a major pork packing plant after its workers rejected a tentative deal between their union and employer. Workers at Olymel’s plant at Vallee-Jonction, about 60 km southeast of Quebec City, met Tuesday evening to vote on an agreement in […] Read more

Crops, Markets, Reuters

Nutrien confident in potash demand even with BHP project

By GFM Network News August 17, 2021

Calgary | Reuters — Canada’s largest potash producer Nutrien said Tuesday it is confident in growing global demand for the crop fertilizer, shrugging off BHP Group’s decision to press on with its massive Jansen project in Saskatchewan that will add millions of tonnes a year of potash supply. BHP announced Tuesday it is going ahead […] Read more

A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)

Crops, Markets

BHP approves Saskatchewan potash project’s completion

Major miner expects to produce about 4.4 million tonnes of fertilizer per year

By Dave Bedard, GFM Network News August 17, 2021

After over a decade of development and digging, one of the world’s biggest mining and metals companies has granted its Saskatchewan potash mining project the go-ahead to completion and full production. Australian-British mining firm BHP announced Tuesday its board has approved its potash mine about 60 km southeast of Humboldt, near Jansen, Sask., for another […] Read more

Green lentils. (Savany/iStock/Getty Images)

Crops, Markets, Pulses

Pulse weekly outlook: Pulse trade with India strong, but flawed

By GFM Network News August 17, 2021

MarketsFarm — India remains as the largest international buyer of Canadian lentils, despite factors affecting trade between the two countries. While Western Canada deals with drought conditions which have likely lowered this year’s lentil crop, the Indian government’s restrictions on imports have threatened to hinder Canadian exports. “Despite tariffs and technical measures in place that […] Read more

Barley. (Photo courtesy Canada Beef Inc.)

Crops, Markets

Feed weekly outlook: Prices to decline in September

By GFM Network News August 12, 2021

MarketsFarm – As the harvest approaches, the yield potential for feed grains in Alberta may depend on where they are grown, according to Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta. “From what I hear, it’s going to be a bit lower (than average), (but) I think it’s going to be a […] Read more

Pulse Weekly: Exports down month-to-month

U.S. livestock: Cattle futures surge, hogs up

U.S. grains: Wheat, corn sink to contract lows as large supply weighs

GFM Network News