Canadian farmers will be seeding more spring wheat and less canola in 2013, Brenda Tjaden Lepp, chief analyst with FarmLink Marketing Solutions, said here Monday in a presentation at the annual Wild Oats Grainworld conference. Factoring in relative returns, rotational issues, and what she was hearing from clients, Tjaden Lepp forecast spring wheat area in
Grainworld: Canada’s canola acres shifting into wheat
Expect canola to give back some acres this spring
ICE Futures Canada canola contracts moved off their recent highs during the week ended Feb. 15, with speculative profit-taking and increased farmer selling — brought on by the previous week’s rally — weighing on values. The market ran into support to the downside and was showing signs of stabilizing ahead of the Louis Riel Day
Hemp acres on rise in Canada
Rising demand and good returns will see more acres devoted to industrial hemp production in Western Canada this spring, according to industry participants. Canadian hemp plantings have risen steadily over the past few years, with about 55,000 acres licensed in 2012, according to government data. Due to industrial hemp’s association with its cousin marijuana, farmers
Soybeans expanding into Saskatchewan
Soybeans are making further inroads into Saskatchewan, as promises of good returns have more producers looking into a crop that has traditionally not been grown in the province. Actual acreage data is scarce, given the relative newness of planting soybeans in Saskatchewan, but Dale Risula, a special crops specialist with Saskatchewan’s agriculture ministry in Regina,
CWRS wheat bids mixed, but improving overall
Cash wheat bids across Western Canada saw some choppiness during the week ended Feb. 19, with spot bids for Canada Western Red Spring wheat steady to a couple of dollars per tonne lower in some areas, but up by over $10 per tonne at other locations. Basis levels did improve across the board, helping counter
Grasshoppers not expected to be a major concern in 2013
CNSC / There’s a relatively low risk of grasshoppers across most of the Prairies this year, according to provincial forecasts. The forecasts are based on counts of adult grasshoppers in the summer of 2012, weather data, and recent population trends. For now, those trends aren’t favourable for the voracious pests. Most of Manitoba had very
Canola exports, domestic crush must slow down
Old-crop canola futures climbed higher at ICE Futures Canada during the week ended Feb. 8, hitting levels not seen since mid-September before running into profit-taking resistance to the upside. Dwindling stocks in Western Canada are the primary driver in the market, but canola is still only one oilseed among many in the broader market and
Domestic demand supports feeder cattle prices
The large volume of cattle moving through Manitoba’s auction yards during the week ended Feb. 1 were met with fairly good demand, as prices were generally steady to firmer compared to the previous week when numbers were much smaller. “The market was showing a little bit of strength,” said Buddy Bergner of Ashern Auction Mart.
Adequate snow cover fuels optimism for winter wheat crop
CNSC / Adequate snow cover across much of Western Canada should bode well for the winter wheat crop. However, there are concerns in some areas that the crop wasn’t far enough along before entering dormancy, Jake Davidson, executive director of Winter Cereals Canada, said at a recent growers’ meeting in Saskatoon. “I don’t think we’re
CWRS wheat bids still trending down in West
Cash wheat bids across Western Canada declined in sympathy with U.S. futures over the week ended Feb. 11, with average spot bids for Canada Western Red Spring (CWRS) wheat down by about $3-$7 per tonne (eight to 19 cents per bushel) over the reporting period. However, basis levels did narrow in slightly, limiting the declines.