MarketsFarm – Dry areas of Manitoba received much needed rain during the week ended July 22, with the majority of the province’s agricultural land now reporting optimal soil moisture conditions, according to the latest weekly report from Manitoba Agriculture. Warm and humid conditions helped with crop development in most areas of the province during the
Manitoba crops progressing quickly in hot and humid weather
Pulse exporter ILTA Grain under creditor protection
Corrected, July 11 — MarketsFarm — B.C.- based pulse exporter ILTA Grain, which operates pulse handling and processing facilities in Saskatchewan, has been granted creditor protection by that province’s Supreme Court. “The decision to file for (Companies’ Creditors Arrangement Act protection) was made after careful consideration and in our view, is a necessary step for
Farm equity growth slows in 2018
MarketsFarm — Equity in Canada’s farm sector increased by 3.6 per cent in 2018, hitting $522.2 billion, according to a report Thursday from Statistics Canada. The growth was well below the 6.4 per cent increase reported the previous year, and continued a trend of slower growth since 2013. Realized net farm income was down by
Feed weekly outlook: Grain prices strong as dry weather persists
MarketsFarm — Producers are anxious to stock up on feed grains as weather across the Prairies has remained dry. “We’ve been seeing buyers being quite aggressive [when] bidding on all feed grains,” explained Nelson Neumann of Agfinity in Lethbridge. “Nobody wants to be caught without anything over the summer.” With little precipitation in the forecast,
Canadian crop development behind average
MarketsFarm — Crop development is running behind average across much of Canada, with excessive moisture delaying seeding in Ontario and dryness slowing crop development across the Prairies. That’s according to the latest satellite data from the federal Crop Condition Assessment Program (CCAP), created in partnership between Statistics Canada and Agriculture and Agri-Food Canada. Crop development
Pulse weekly outlook: Benchmark report out for fababeans, feed peas
MarketsFarm — Alberta Pulse Growers on Monday released Feed Benchmark Bi-Weekly Reports, providing “a consistent and unbiased estimate of the feeding value of low-tannin fababeans and feed peas” in central Alberta, central Saskatchewan and southern Manitoba. Comparing fababean and feed pea prices to other feed grains, the report stated, “Grains are softening further on the
Near-normal monsoon expected in India
MarketsFarm — Monsoon rains in India are expected to be near normal in 2019, according to the first long-range forecast of the year from the India Meteorological Department. The southwest monsoon typically runs from June through September. It provides crucial moisture for the country’s agriculture sector, as it accounts for roughly 70 per cent of
USDA raises corn stocks projections, lowers soybeans
MarketsFarm — Updated supply/demand estimates from the U.S. Department of Agriculture came largely in line with expectations, with larger U.S. and world corn and wheat stocks and slight downward revisions to soybean carryout numbers. Expected U.S. corn ending stocks for the current marketing year were raised by 200 million bushels, to 2.035 billion bushels, in
Monthly Canadian canola crush well below average
MarketsFarm — Canada’s monthly canola crush hit its lowest level in 1-1/2 years in February, according to the latest crushing data from Statistics Canada. The agency reported that 635,526 tonnes of canola were crushed in February 2019. That was down by nearly 200,000 tonnes from the January level and compares with the monthly average over
Abrupt mid-March shift into spring predicted
Winter conditions are expected to remain the norm across the Canadian Prairies through the middle of March, when a sudden pattern change brings an abrupt start to spring, according to the latest seasonal forecast from The Weather Network. The quick move from cold to warm conditions raises the risk of flooding in areas with a
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