Canada's abnormally dry winter is worsening drought conditions across the western provinces, where most of the country's oil, gas, forest products and grain are produced.
Canola
Western Canada’s dry winter heralds worsening drought for 2024
Oil and gas, hydro, forestry, sports affected alongside agriculture
Speculative short position hits new record in canola
Soybeans hit largest net short position since March 2020
Speculators were back adding to their large net short position in canola to start 2024, taking the bearish bet to a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Crop revenue ‘mowed down’ by falling prices
Producers can expect a profitability pinch compared to last year
Glacier FarmMedia – Last year was the most expensive crop to ever be planted on the Prairies. In 2024, farmers will spend less on fertilizer, diesel and other inputs, but costs are only marginally lower, said Darren Bond, a farm management specialist with Manitoba Agriculture, “The crop this year … the cost of putting in
FCC’s top economic charts to monitor in 2024
Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability
As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.
Soybeans sink canola prices
A break in the drought in Latin America should increase price pressure
South America’s soybean situation has followed two contrasting narratives in the past few months. The first one is dry and hot weather in the northern areas of Brazil, as well as wet weather in the south, that will prevent a second-straight record-breaking crop and raise worldwide soybean prices. The other is that Argentina could potentially
Sask. canola, flax groups vote to merge
SaskCanola and SaskFlax have been sharing offices, admin for about a year
Producer support for the merge of SaskCanola and SaskFlax was "overwhelming," the groups said in a Jan. 10 news release. The organizations held a joint annual general meeting to share results of member feedback before taking the issue to a vote. The vote passed with "widespread approval," the release said.
ICE canola weekly outlook: Possible support uncovered
Chicago soyoil has shown some stability, underpinning canola
The ICE Futures canola market hit fresh contract lows to start 2024 but may have finally uncovered some support.
Will canola find its resolve?
Expert's Radar: It seemed like grain prices were on a diet for much of 2023
Losing weight and exercising more are common New Year’s resolutions, with many people looking to improve their fitness after the excesses of the holidays. It’s rare for those grand ideas to hold up though, as treadmills gather dust and gym memberships go unused. The agricultural futures markets had their ups and downs in 2023, with
Farming from space
From scales to satellites, farmers navigate the highs and lows of ag tech adoption
Manitoba farmers are embracing new technology and they want more of it, but bells and whistles don’t interest them. They want results. “You can’t test everything before you buy it, but we always want to try and do as much research on the topic as we can, whether it’s new technology, new machinery or a
Province backs sustainable aviation fuel plan
Plan includes plant in Portage la Prairie
The province is providing new funding to lay the groundwork for a sustainable aviation fuel (SAF) plant in the RM of Portage la Prairie. On Dec. 19, the provincial and federal governments announced a $2.9-million agreement between the Government of Manitoba and biofuel company Azure Sustainable Fuels Corp. Funds will be provided through the Sustainable