Manitoba farmers grew a record-large corn crop this year, as yields ended up well above earlier expectations. Statistics Canada raised its corn production estimate for the province to 1.219 million tonnes in its crop report Wednesday, topping an earlier estimate of 812,800 and the previous record of 815,400 tonnes set in 2012-13. Good prices ahead
Manitoba’s 2013 corn crop a new record
Hemp production sees steady growth in Canada
Canada’s hemp growers grew a record-large crop in 2013, and while acreage to the multi-use crop is still very small compared to most other options, further increases are expected next year. The longer-term outlook may see it even compete with canola at some point in the future, from where one industry promoter sits. “We had
ICE outlook: Canola off lows, but still rangebound
ICE Futures Canada canola contracts moved higher during the week ending Wednesday (Nov. 27), as weakness in the Canadian dollar and gains in outside oilseeds helped canola bounce off of major support. The most active January contract started the week just above $480 per tonne, a level that has not been significantly breached by the
Canola crush margins strong
Canadian canola crush margins are currently at some of their best levels of the past year — keeping domestic processors showing good demand in both the futures and in the cash market. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates
ICE weekly outlook: Canola rangebound
ICE Futures Canada canola contracts held rangebound during the week ended Wednesday, but settled near the lower end of that range, as positioning ahead of the U.S. Department of Agriculture’s supply/demand report put some pressure on Canadian futures. “This is an anything goes kind of report,” said Mike Jubinville of ProFarmer Canada on USDA’s first
Churchill enjoys busy shipping year
Churchill is nearing the end of a busy grain shipping season, with the tonnage moving through the northern port expected to come in well above the previous year. “We’ll be wrapping up in the next 10 to 12 days,” Darcy Brede, president and chief operating officer of OmniTRAX, said last week. More than 500,000 tonnes
ICE Canada weekly outlook: canola rangebound
ICE Futures Canada canola contracts hit their strongest levels in over a month during the week ended October 30, but settled well off those highs to post losses overall as the market ran into resistance to the upside. “We’re rangebound and need some new news,” said market analyst Wayne Palmer of Agri-Trend Marketing. He said that
ICE Canada barley futures show small signs of life
The long dormant ICE Futures Canada barley market saw some actual trade for the first time in nearly a year earlier this month, which may be a sign that there is still some life left in the contract. While sporadic bids and offers move prices on occasion, there have been no actual trades and no
Large Manitoba corn harvest underway
Manitoba farmers are in the midst of harvesting a possibly record large corn crop, and will likely be looking to plant another large crop next year, according to Morgan Cott, an agronomist with the Manitoba Corn Growers Association. “We’re well into the corn harvest now,” said Cott, adding that the corn harvest was farthest along
ICE outlook: Canola stuck in range
ICE Futures Canada canola contracts held within a narrow range during the week ended Wednesday, trading to both sides of unchanged but eventually posting small advances as the market awaits some fresh fundamental news to push it one way or the other. From a technical standpoint, the November contract has held within a narrow range
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