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File photo of a canola field in northern France’s Normandy region. (Brasil2/iStock/Getty Images)
Crops, Markets, Weather

Rapeseed production expected down in EU

USDA attache sees more soy, sunflower

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MarketsFarm — Rapeseed production in the European Union (EU) is expected to see a small decrease in the 2023-24 marketing year, according to the U.S. Department of Agriculture’s (USDA) European Union attaché in Vienna. In a Global Agricultural Information Network (GAIN) report released Wednesday, the EU’s 2023-24 rapeseed crop is expected to total 19.3 million […] Read more
File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)
Crops, Pulses, Weather

Pulse weekly outlook: Seeding to start in Manitoba, Saskatchewan

Saskatchewan lentils expected to lose acres to wheat, canola

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MarketsFarm — With the calendar turning to May and temperatures expected to surpass 20 C this week, pulse seedings are set to begin for parts of Manitoba and Saskatchewan. “Right now, we’re still in a bit of a holding pattern,” said Manitoba provincial pulse specialist Dennis Lange. “We haven’t really had much for drying. Now […] Read more
ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: StatCan’s canola area estimate questioned

Traders predict significant increase ahead

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MarketsFarm — Statistics Canada on Wednesday released its first survey-based seeding intentions report for the 2023-24 marketing year, reporting an anticipated 0.9 per cent rise in canola acres, to 21.6 million. The figure occupied the lower end of trade expectations, but StatCan recently adopted a new methodology of conducting the survey last December and January, […] Read more
File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)
Cereals, Crops, Markets

Feed weekly outlook: Grain area to increase this year

Oats area expected to be reduced

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MarketsFarm — Early signs point to increased Canadian feed grain production in 2023-24, with record corn acreage intentions and increases in both barley and wheat area on the year, according to the latest estimates from Statistics Canada. Planted corn area in the country is forecast at 3.725 million acres in 2023, which would be up […] Read more
Damage is seen from a rain-wrapped tornado at Cole, Okla., just south of Oklahoma City, on April 19, 2023, in a screengrab from a social media video. (Photo: Hans Duran video screengrab via Reuters)
Crops, Markets, Weather

CBOT weekly outlook: U.S. rain, StatCan report biggest influences

Russia's sabre-rattling not yet swaying markets

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MarketsFarm — The three to five inches of rain received Wednesday in Kansas and Oklahoma have put pressure on Kansas City and Chicago wheat prices on the Chicago Board of Trade (CBOT), according to broker Ryan Ettner of Allendale Inc. Added to that, Statistics Canada’s (StatCan) report on prospective plantings, also received Wednesday, has weighed […] Read more
Photo: Greg Berg
Crops, Markets

Analysts expect additional acres for canola, wheat

StatCan estimates due out Wednesday

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MarketsFarm — If traders and analysts are correct with their estimates, there will be slightly more wheat and canola acres seeded in Canada this year compared to 2022. Statistics Canada (StatCan) will release its first survey-based acreage estimates for the 2023-24 marketing year on April 26. Other than drier and cooler conditions in southern Manitoba, […] Read more
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grains flat or higher on Ukraine concerns

Rains expected to cause U.S. planting delays

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Mexico City | Reuters — Chicago grain and soy futures closed nearly flat or higher on Tuesday as traders assessed the impact of several countries banning Ukrainian grain, and the future of a Black Sea grains deal remained in doubt. Markets were also eying expected rains in the U.S. that would likely slow planting schedules. […] Read more
File photo of soybeans being loaded for transport in Argentina. (Wirestock/iStock/Getty Images)
Crops, Soybeans, Weather

Argentina soybeans expected to go from horrible to great

El Nino expected to improve growing conditions

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MarketsFarm — While Argentina is headed to one of its worst soybean harvests in decades, the U.S. Department of Agriculture (USDA) attaché in Buenos Aires projects a huge turnaround in 2023-24. Argentina is the world’s third-largest grower of soybeans — a fair amount less than Brazil and the U.S., but a lot more than other […] Read more
CBOT May 2023 corn with 20-day moving average (green line) and July 2023 corn (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Chicago grains close lower as weather improves

USDA reports flash corn sale to China

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Mexico City | Reuters — Chicago grains futures reversed earlier gains to close lower on Thursday, as weather improved and despite Russia saying there would likely be no extension of the wartime grains corridor deal, analysts said. Soybeans lost ground from their earlier rally as weather in the Northern Hemisphere looked clearer. “U.S. weather is […] Read more
CBOT May 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago soy stronger on predictions for Argentina crop

Black Sea supply a risk as Russia challenges corridor deal

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Mexico City | Reuters — Chicago soybean futures settled higher on Tuesday after the U.S. government slashed its estimate for production in Argentina to a 23-year low in a monthly report. Soybean production in Argentina will be smaller than previously thought at 27 million tonnes as a crop-wasting drought decimated fields in the key South […] Read more

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