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MarketsFarm -- Statistics Canada is due to publish its first production estimates for Canada's 2020 growing season on Monday (Aug. 31). Late-season hot temperatures and a lack of rain may cause Canada's canola production to be lower than originally expected, according to some market participants. Earlier in the growing season, Winnipeg-based FarmLink Agriculture Solutions published[...]

MarketsFarm -- Soybean and corn prices on the Chicago Board of Trade have backed off of highs hit earlier in the week. That's due mainly to harvest activity putting pressure on prices, according to Steve Georgy, president of Allendale Inc. at McHenry, Illinois. Corn crops across the U.S. are currently only 11 per cent harvested,[...]

MarketsFarm -- It's unclear yet what effect Thursday's satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. "There are a lot[...]

MarketsFarm -- India is experiencing abnormal rain and weather patterns that have resulted in almost half of the country receiving drastically less rain than usual. In total, the entire country is experiencing about 12 per cent less precipitation than is normally expected. Particularly, provinces in India's key pulse-growing region are experiencing significant droughts during a[...]

MarketsFarm -- Following an attack on two major oil facilities in Saudi Arabia, consumers can expect a small rise in fuel prices in the days to come. The attacks on Saturday hindered the production of about 5.7 million barrels of oil per day. On Monday morning, crude oil prices were up by about 10 per[...]

MarketsFarm -- Market participants generally expect canola acreage will be revised downward in a second acreage estimate due out Monday from Statistics Canada. "There's a lot of uncertainty about canola acres," Ken Ball of P.I. International in Winnipeg said, noting acreage was "definitely lost" in central and northern Alberta due to wet spring conditions. In[...]

MarketsFarm -- Last week's report from Statistics Canada estimated that some acreage in Canada's canola belt will instead go to field peas in 2019. Approximately 4.3 million total acres will be dedicated to field peas, StatsCan said, marking a 300,000-acre increase from estimates earlier in the year, and up from the 3.6 million acres seeded[...]

MarketsFarm -- Following a lengthy 2018 harvest, Manitoba's edible bean farmers are optimistic about the 2019 growing season. According to an outlook report published in late December by Agriculture and Agri-Food Canada, pulse farmers are expected to plant approximately the same amount of acreage as seen in 2018. However, after strong yields in 2018, Manitoba[...]

MarketsFarm -- Canola futures finished up at Monday's close, boosted by a weather premium after a low-pressure system brought considerable snowfall to parts of Alberta over the weekend. Snow was mostly concentrated in the southern region of the province. Calgary and surrounding areas received around 30 centimetres of snow, according to preliminary results from Environment[...]

MarketsFarm -- Ongoing trade wars between the United States, Europe, and China may open the door to new markets for Canadian edible beans. According to reports, the European Union is bracing for tariffs from the U.S. on billions of euros worth of European goods, adding to the litany of other global trade wars. If trade[...]