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Oilseeds

Weekly-average Pacific Ocean surface temperature anomalies for the week centred on Aug. 3, 2022, in degrees Celsius. (CPC.ncep.noaa.gov)
Weather

La Nina conditions to continue, but odds lower into winter

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Reuters — Chances for La Niña are expected to gradually decrease from 86 per cent in the coming season to 60 per cent during December to February in 2022-23, a U.S. government weather forecaster said on Thursday. The La Niña weather pattern is characterized by unusually cold temperatures in the equatorial Pacific Ocean. According to
CBOT November 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Chicago grains firm on yield uncertainty ahead of USDA report

Grains also underpinned by U.S. dollar fall after inflation data

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Chicago | Reuters — Chicago wheat and soybean futures closed higher on Thursday as a weaker U.S. dollar lent support to dollar-priced commodities and traders squared up their positions ahead of a key government report. Meanwhile, corn futures firmed, supported by concerns about hot and dry weather stressing the U.S. Midwest crop through its final
A canola field in bloom in Manitoba's Interlake on Aug. 7, 2022.
Grain Markets, Markets

Grains and oilseeds see volatile week

Ukraine deal and Pelosi visit to Taiwan both factor into market moves

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The grain and oilseed markets saw choppy activity during the first week of the 2022-23 crop year, with canola down and up in reaction to several outside forces. On the whole, canola prices ended back around where they closed the 2021-22 crop year, with attention back on weather conditions ahead of the harvest. Ukrainian grain
CBOT September 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX September 2022 spring wheat (yellow line) and K.C. September 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Corn, wheat futures extend gains on crop risks

Wheat market also weighs prospects for more Ukraine exports

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Chicago | Reuters — Chicago Board of Trade corn and wheat futures rose on Wednesday, as hot, dry weather in parts of the U.S. and Europe kept attention on harvest risks, while soybeans settled lower after notching contract highs. Traders also adjusted positions ahead of the U.S. Department of Agriculture’s (USDA) monthly supply and demand
File photo of soy-based milk alternatives. (SherSor/iStock/Getty Images)
Dairy cattle, Livestock

Lactalis to shift from milk to near-milk at Sudbury

Facility to halt fluid milk processing, switch to plant-based product lines

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The processor of the Beatrice and Lactantia milk brands plans to put its fluid milk processing plant in northern Ontario over to plant-based dairy substitutes. The Canadian arm of France’s Lactalis said Wednesday it will stop fluid milk processing and packaging at its plant at Sudbury effective Sept. 30 and convert that plant to a
(Dave Bedard photo)
Markets

Cargill fiscal 2022 revenue jumps to record US$165 billion

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Reuters — Global commodities trader Cargill on Tuesday reported that its fiscal year 2022 revenue jumped 23 per cent from a year earlier to a record US$165 billion. The strong result was the latest for a global agricultural commodities trader after rivals ADM and Bunge reported solid earnings last month amid high farm products prices
Soybean development moving ‘very quickly,’ insect pressures rise on thin pesticide supply
Crop Report, Crops, News

Soybean development moving ‘very quickly,’ insect pressures rise on thin pesticide supply

Manitoba Crop Report: Issue 14, August 9, 2022

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Overview Soybean aphids are reaching economic thresholds in scattered locations across Manitoba. Spraying is occurring as-needed, but crops require intensive scouting on a field-by-field basis. Grasshopper pest species are present in all regions – mostly confined to field edges and headlands but moving more as insects reach adult (winged) stages and travel further into fields.

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