This month saw more damaging storms, some hitting the same areas as June, while crops from potatoes to canola went into full bloom. Have a quick look, here.
Canola
PHOTOS: Through the Lens: July in photos
Reading the roadmaps of the grain market
Expert’s Radar: Beware of ‘construction’ signs
I recently drove back and forth from Winnipeg to the Turtle Mountains in southwestern Manitoba. It’s about a three-hour drive, or three-and-a-half with the required ice cream stop. There are a few routes that head in the same general direction, so after running into construction on Highway 2 on the way down, we opted for
Hail claims in Manitoba surpass 2022
Several hailstorms struck the southwest, south-central and other areas of the province in the first part of the growing season
Half-way into a stormy summer, hail insurance claims have already surpassed last year’s total, according to the Manitoba Agricultural Services Corporation. As of July 20, it had seen 1,206 hail claims. This compares to 513 at the same time in 2022. Last year saw 1,121 registered hail claims throughout the year. Why it matters: High
Oilseed crush down, grain deliveries rise in June: StatCan
Canadian grain deliveries reached a three-month high in June
Marketsfarm – Statistics Canada (StatCan) released its June oilseed crush and grain delivery statistics, showing a small decline for the former, but a large gain for the latter from the month before. Oilseed processors in Canada crushed 772,345 tonnes of canola last month, as well as 139,164 tonnes of soybeans for the month of June
Black Sea deal collapse lifts canola markets
The grain corridor deal collapse has spiked uncertainty over grain supply from Ukraine
Over the past few months, Russia’s actions toward Ukraine, Turkey and the United Nations regarding the Black Sea Grain Initiative are akin to a teenager threatening to leave home because they didn’t get their way. Most times, sooner or later, the kid relents, and all is back to what resembles normal. Maybe the parents bought
ICE weekly outlook: canola market heading towards choppy waters
Markets will pause to see how the crops finish developing: analyst
Marketsfarm – While the recent gains in canola on the Intercontinental Exchange were likely generated by the spreaders, the market will probably become choppy, according to Ken Ball, trader with PI Financial in Winnipeg, Man. “Spreaders for the last few days have been selling canola and buying soyoil,” Ball suggested in a July 26 interview,
Waterhemp shows up soybeans, cereal crops drying down
Manitoba Crop Report: Issue 11 (week 30)
Overview Reports of waterhemp showing up in soybean fields in the RM of Emerson-Franklin and in the RM of DeSalaberry. Producers are encouraged to scout for this weed and remove from fields when found. For more information please see the Manitoba Crop Pest Update July 19 edition. Winter cereal crops continued to dry down over
Market experts predict yellow fields for the year
Expert’s Radar: How much have the world’s farmers painted their fields in oils?
My neighbour recently had her house painted, transforming the once-drab stucco with peeling green trim into a beautiful rusty red with cream-coloured accents. Just a few days before the painters showed up, she was still second-guessing her colour choices, but the end result looks great. A fresh coat of paint can do wonders while also
Fund position flips to net long in canola
The last time the market was showing a net long position was the first week of January
MarketsFarm – The managed money position in canola flipped from a net short to a net long for the first time in six months during the week ended July 18, as fund traders covered short positions and put on new bullish bets, according to the latest Commitments of Traders report from the United States Commodity
Weather concerns drive market rallies
Generous U.S. crop estimates aren’t likely to last
ICE Futures canola contracts climbed higher during the second week of July, with the most-active November contract gaining roughly $200 per tonne in less than two months to hit its strongest level since January. The ongoing uptrend in canola saw futures break through their 200-day moving average during the week, with speculators covering short positions
Cyber-Savvy Farmer
