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Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)
Markets, Weather

Crop, livestock prices offset reduced marketings in 2022

StatCan data on farm cash receipts tracks recovery off 2021 drought

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New full-year data on Canada’s farm cash receipts in calendar 2022 show how increased commodity prices last year more than offset the drop in quantities sold. Statistics Canada on Tuesday released figures showing Canadian farm cash receipts in 2022 at $94.9 billion, up 14.1 per cent from 2021, including crop receipts of $53.9 billion (also
Forecast probability of temperature above, below and near normal (calibrated) for the period of March, April and May 2023. (Map by Environment and Climate Change Canada)
Weather

‘Normal’ spring ahead for most of the Prairies

Below-normal rains expected for southern Alberta, western Saskatchewan

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MarketsFarm — Canada’s Prairies are looking at normal temperatures over the next month to three months, according to Environment and Climate Change Canada (ECCC). The federal department on Tuesday issued its temperature and precipitation probabilistic forecasts, which also called for normal precipitation for most of the region. “The forecast is really neutral for the Prairies,
CBOT May 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn hits lowest since August

Chicago soybeans, wheat also drop

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Chicago | Reuters –– U.S. corn futures fell to their lowest level in more than six months on Tuesday and soybean and wheat futures also dropped on a round of end-of-month liquidation by investment funds, traders said. Soybeans notched the biggest declines, with the most-active contract falling 2.2 per cent, its biggest daily decline since
“... we can use RNAi technologies as a solution to improve global food security.” – Mark Belmonte, University of Manitoba.
Crops, News

Genetic attack cutting edge of sclerotinia fight

Hacking messenger RNA can prevent fungal disease from propagating

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Most pesticides work by getting into a cell and disrupting its working parts or pathways. By applying the right chemistry at the right time you can shut down a pathogen’s engine and bring it to a stop. But despite all the available chemistry, sclerotinia always finds a way to keep driving around untouched. Mark Belmonte,
File photo of a docked grain vessel at a Black Sea port in Turkey. (Bfk92/E+/Getty Images)
Crops, Markets

Bulk ocean freight rates recover off lows

Container rates remain in downtrend

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MarketsFarm — Ocean freight rates have shown some strength in late February, with the Baltic Dry Index (BDI) recovering off two-and-a-half-year lows hit earlier in the month. The BDI, a major indicator of bulk shipping rates, has risen for seven straight sessions to settle Monday at 935 points, up from the low of 530 points
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

U.S. grains: Wheat hits lowest since September 2021

Chicago corn, soy also fall

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Chicago | Reuters — Chicago Board of Trade wheat futures dropped 1.6 per cent to their lowest level since September 2021 on Monday as rain across key growing areas during the weekend boosted harvest prospects for the U.S. crop, traders said. Optimism that the deal allowing grain shipments from Black Sea ports in war-torn Ukraine
A composite satellite view of Hurricane Fiona nearing Nova Scotia at about 6 p.m. local time on Sept. 23, 2022. (U.S. National Hurricane Center image, NOAA.gov)
Weather

Nova Scotia to bridge Fiona funding gap for farmers

Provincial program offering up to $400K per farm

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Nova Scotia farmers who didn’t qualify for federal disaster financial assistance (DFA) in the wake of Hurricane Fiona last September may be able to get in on a new provincial program instead. The province on Thursday announced $3 million for what it calls the Fiona Agriculture Response Gap Funding program, offering up to $400,000 for
CBOT May 2023 corn with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Corn, wheat hit multi-week lows on export concerns

Hopes for Black Sea export deal pressure CBOT grains

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Chicago | Reuters — Chicago Board of Trade corn futures set a six-week low on Friday while wheat hit its lowest level in more than four weeks on concern over competition for global export business, analysts said. Technical selling helped fuel the sell-off, along with prospects for robust 2023 corn production in the U.S. and
“There seems to be an excess on the market, which is weighing on prices and has been over the last couple of months.”
Grain Markets, Markets

Prices have plunged but Canadian flax still too pricey for most

China has been upping its purchases of cheaper Russian flax while Europe is buying from Kazakhstan

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Flax prices have fallen by half from a year ago but are still too high to be competitive on a global level, according to one flax processor. Despite being touted as a heart-healthy food, demand for flax remains “fairly weak,” said Mike Popowich, vice president of TA Foods in Yorkton, Sask. “The price is still
(Olymel video screengrab via YouTube)
Livestock, Markets

Sollio books deeper loss for 2022

Olymel's fresh pork business takes biggest hit

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Domestic and international market-moving events have dragged hard on the year-end bottom line for Sollio Cooperative Group, particularly in its fresh pork business. Quebec-based Sollio — which operates the ag input and farm service business Sollio Agriculture, meat packer Olymel and hardware retailer BMR — on Thursday reported full-year revenues of $8.876 billion for its

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