Canola futures on the ICE Canada trading platform continued their upward trek during the week ended July 15 with weather concerns and a pickup in demand assisting the price gains. Some of the weather concerns were linked to the Canadian Prairies and differing opinions on the condition of the canola crop in each of the
Weather Concerns Drive Markets
Canola area a surprise in StatsCan acreage report
The record-sized area planted to canola in the Statistics Canada acreage report released early Thursday caught more than just a few individuals in the trade by surprise. “Even with flooding and excessively wet conditions for planting it was perceivable that canola area could have easily topped the 20 million-acre level and came that much closer
Acreage base expected smaller than StatsCan update
The acreage update coming from Statistics Canada early Thursday is expected to show a decline in seeded area in comparison to the projections for the period ended March 31. The federal statistics agency’s numbers are seen as providing at least a base in which to backtrack seeding intentions which were negatively impacted by excessive precipitation
Seeding virtually complete in Alberta: AARD
Seeding operations in Alberta are generally complete with the only exceptions in the south, where less than five per cent of the intended crop still needs to be put into the ground, according to a provincial crop specialist. “That area has been extremely wet and has prevented producers from seeding the last of the crops,”
Summer Forecast Is Hot And Wet For Manitoba
The slow start to seeding in Western Canada and cool temperatures are providing anxious moments for producers. Seeding operations in western Saskatchewan and much of Alberta are essentially completed, but producers in eastern regions of Saskatchewan and western areas of Manitoba continue to be slowed by excessively wet conditions. Environment Canada’s forecast for June through
Slow crop start limits frost damage on Prairies
The late start to seeding on Canada’s Prairies, along with slow germination of early-seeded crops, prevented any significant damage occurring from frost over the past couple of nights. Temperatures in Western Canada dropped to as low as -4 to -5 C overnight Monday in select areas and fell to -1 to -2 C overnight Tuesday
Feed barley bids slowly trending up
Cash bids for feed barley in Western Canada have been holding fairly steady but also have slowly been trending to stronger territory as feedlots look to cover needs. “Bids for barley have slowly been moving up, especially after stocks of the commodity were shown to be at a tighter-than-anticipated level in the StatsCan stocks report
ICE planning spring wheat, durum futures contracts
ICE Futures Canada is preparing to offer separate spring wheat and durum futures contracts if the federal government follows through with its plan to end the Canadian Wheat Board’s monopoly on the marketing of those commodities. “We would be remiss in our duty if preparations were not in place for this potential inevitability,” ICE Futures
Good seeding progress seen in Alta.
Favourable weather conditions have allowed producers to make significant seeding progress throughout Alberta, according to a provincial crop specialist. “Depending on the region, seeding operations range anywhere from 30 per cent complete to as much as 85 per cent done,” said Neil Whatley of Alberta Agriculture and Rural Development’s Ag-Info Centre at Stettler. The planting
Eastern Prairies racing to seed acres
Producers in the eastern regions of Canada’s Prairies are hoping to get seed in the ground where possible before more precipitation events hit the region. Drier weather in select areas of eastern Saskatchewan and southern Manitoba have allowed producers to begin seeding operations, but those operations may be temporary, said Drew Lerner, a meteorologist with
Cyber-Savvy Farmer
