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Hail-damaged cereals in one of Eric McLean’s fields in Westman.
News

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

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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
(File photo by Lorraine Stevenson)
Cereals, Crops, Markets

Oilseed crush down, grain deliveries rise in June: StatCan

Canadian grain deliveries reached a three-month high in June

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 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
Photo: Thinkstock
Crops, Markets

U.S. grains: Corn, wheat slide sharply on promise of rain, yield potential

Soybeans steady to higher, boosted by weak U.S. dollar, export news

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Chicago | Reuters – Chicago corn and wheat futures slid on Wednesday on technical trading and news of a better-than-expected spring wheat forecast in parts of North Dakota, even as a heat wave stretched across the U.S. Midwest and part of the Mississippi Valley, traders said. Meanwhile, soybean futures were steady to higher on the
Photo: Thinkstock
Markets

ICE weekly outlook: canola market heading towards choppy waters 

Markets will pause to see how the crops finish developing: analyst

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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,
(Medioimages/Photodisc/Getty Images)
Crops, Markets

CBOT weekly update: U.S. Fed decision one of many factors 

Russia’s withdrawal from Black Sea Grain Initiative, attacks on Ukrainian ports have caused erratic price movement

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Marketsfarm – The decision by the United States Federal Reserve on July 26 to raise its key interest rates mostly served as a distraction on the Chicago Board of Trade (CBOT) from other events affecting grain futures.  The central bank continued its efforts to wrangle inflation by pushing interest rates up 25 basis points to
Table 2: Estimated MASC seeded acres by commodity at 97 per cent entered.
Crop Report, Crops, Weather

Waterhemp shows up soybeans, cereal crops drying down

Manitoba Crop Report: Issue 11 (week 30)

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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
(Medioimages/Photodisc/Getty Images)
Crops, Markets

U.S. grains: wheat pares gains after 5-month top; corn, soybeans retreat

The market pulled back from five-month highs as Russia appeared to slow its port attacks

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Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures Wv1 pared gains after setting five-month highs on Tuesday after Russia’s attacks on Ukrainian ports and grain infrastructure raised concerns about long-term global supplies and triggered a round of fund short-covering, analysts said. The wheat market pared gains and even dipped lower at times
Workers load the cargo ship Kypros Land with soybeans headed for China in Santos, Brazil in 2017.
Markets, News

China’s soy imports up 25 per cent year over year

Buyers in China buying up cheap supplies from Brazil

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Reuters – China imported 10.27 million tonnes of soybeans in June, up 24.5 per cent from a year earlier, July 12 customs data showed, as large purchases of cheap Brazilian beans reached the market. The imports by the world’s top soybean buyer were significantly lower than the record 12.02 million tons in May, when delayed
Detail on the Chicago Board of Trade building. (Kevinstack22/iStock/Getty Images)
Crops, Markets

U.S. grains: wheat soars daily limit as Russia attacks Ukrainian grain ports

E.U. further reduces crop forecast, USDA ratings for soybean and spring wheat declines

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Chicago | Reuters – U.S. wheat futures surged 8.6% on Monday, rising their daily maximum at the Chicago Board of Trade (CBOT) after Russia attacked Ukrainian ports and grain infrastructure, including the first attack on Danube River grain warehouses. The attacks targeted a vital export route for Kyiv in an expanding air campaign that Moscow began
The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Crops, Markets

U.S. Grains: wheat futures drop, corn weak, soybeans mixed

Market going "from forecast to forecast" says expert

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Chicago | Reuters – U.S. wheat futures dropped 4.1 per cent on Friday, with traders locking in profits from a rally sparked by escalations in the Russia-Ukraine war that raised the prospects of export disruptions from the two key global suppliers. Corn futures also were weaker, pressured by forecasts that showed more rain and cooler temperatures in

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